Carl Koelbel is President and CEO of Koelbel and Company where he carries on a three-generation tradition of real estate development in the Denver Metro area. His primary focus is directing the vision of the company into the mid-21st century, identifying new opportunities, managing company financial capacity and investments, and ensuring efficient and effective operations. Under his guidance the company has expanded its development and real estate platforms into affordable housing, co-working, industry specific workspaces, and value add acquisitions. He also manages and oversees the expansion of the Koelbel and Company’s traditional activities of home building, land development, as well and office and retail development. Carl is active in the community and currently sits on the boards of the Middle Income Housing Authority and the Denver Metro Chamber of Commerce.

Carl received his Masters of Business Administration with a concentration in Real Estate and Finance from the University of Colorado in Boulder. Before receiving his M.B.A. he was a Research Associate at the Urban Land Institute in Washington, D.C. At U.L.I. he assisted the Senior Resident Fellows in various research projects with a focus on infrastructure and its effect on land use patterns. He has a B.A. in Economics and International Relations from the University of Southern California and is an avid skier, golfer, and youth sports spectator (when his kids are playing). He is always thankful of the support of his wife Fallon and three children, Harper, Reagan, and Presley.

Scott Kiere is CEO of Urban Green Development, a Denver-based sustainable real estate developer with 17 years of regenerative urban projects including the current Kensing LoHi build. He is also Founding Builder of BuildHuman, where he is developing Purpose Intelligence ~ an applied framework for AI-augmented leadership and decision architecture. Scott brings the operator's lens to AI's role in development, capital, and asset management.

Doug Elenowitz is a principal of Trailbreak Partners, an alternative investment and advisory firm that focuses on acquiring control positions in smaller profitable companies and investing in and developing real estate in Colorado. Doug is an expert in urban redevelopment having managed the origination, structuring, and execution of urban infill and environmentally complex real estate developments across the United States for nearly two decades. In Denver, Doug oversaw redevelopment of the former St. Anthony Central Hospital, a 19 acre TOD urban mixed use development and redevelopment of the ASARCO Globe Smelter; a challenging public private partnership and one of Denver area’s most significant remediation and urban redevelopment projects. He is an expert in public finance having originated more than $30 million in financings including tax increment financing agreements, metropolitan districts, HUD Section 108 loans, and federal and local grants. Currently Doug is developing a 7-acre Transit Oriented Development (TOD) project in Lakewood, Colorado, a mixed-use/mixed-income project on Sloans Lake in Denver, and serves as Owners Representative to the Master Developer of the Clear Creek Transit Village, a 21-acre mixed-use TOD site in Unincorporated Adams County, Colorado.

Doug holds a B.S. in Environmental Health from the University of Georgia and an M.B.A. from the University of Colorado. He is a member of the ULI Urban and Mixed Use Development Council, the Denver Public Schools Bond and Mil Levy Oversight Committee, is a Real Estate Diversity Initiative (REDI) Mentor, and is a 2011 graduate of Leadership Denver. Doug is married with a son and daughter and lives in Denver.

Timothy Hoppin is a Director in the Affordable Housing Debt unit of Hunt Mortgage

Group, a wholly owned subsidiary of the Hunt Companies.

Mr. Hoppin focuses on originating affordable housing loans nationwide. He joined

Hunt Mortgage Group from Citigroup Corporate and Investment Bank where he

was a Vice President – Banking Team in the Municipal Securities Division of Citi

Community Capital. While at Citi, he closed more than $300 million of taxable and

tax-exempt debt for developers, non-profits and housing authorities.

Prior to Citi, Mr. Hoppin managed commercial real estate acquisitions for Baceline

Investments, LLC and served as a Vice President – underwriting at Newman &

Associates, that was acquired by Citigroup Corporate and Investment Bank.

Mr. Hoppin earned a B.A. in Economics from the University of Colorado at

Boulder and an MBA in Finance from the Daniels College of Business at the

University of Denver.

Recently elected to The Best Lawyers in America© 2017 for Denver Real

Estate Law by his peers, Eben Clark focuses his practice on real estate

transactions, development and project finance as part of BakerHostetler's

energy and hospitality industry teams. Eben also litigates land use and

access issues related to public and private rights of way. His wealth of

experience in Colorado and the Mountain West make him highly valuable to

developers, operators and lenders with interests in the region. Local land

use controls, federal agencies and regulations, and the interaction of public

and private lands present unique challenges in the West. Eben's experience

and aggressive problem-solving have helped many clients navigate these

obstacles, craft effective solutions, and achieve positive outcomes. Since

joining BakerHostetler, Eben has been able to apply his knowledge and

experience to utility scale renewable energy development, development of

the West's world class ski resorts, and nationally through the firm's network

of offices.

Experience

Real Estate Development

 Counsel to global developer of utility-scale renewable energy projects

throughout the United States.

 Counsel to owner/operator for purchase of parcel in Denver International

Airport commerce zone for construction of distribution center, including

infrastructure development agreements, water rights and special district

issues.

 Counsel to rapidly expanding luxury camping and pop-up hotel company

with locations in the Rocky Mountains.

 Counsel to developer of fractional project in downtown Aspen for

assemblage, entitlements, financing, construction, ownership structure

and sales matters.

 Counsel to developer of condominium project in downtown Telluride for

entitlements, financing and construction matters.

 Counsel to Colorado county government for project review, land use

code revisions and regulatory enforcement litigation including floodway

and wetlands issues.

 Local land use counsel to developer of nationally branded condo-hotel

project in Breckenridge.

 Counsel to Summit County arm of Vail-based ski and real estate

development company in diverse real estate matters.

Transactions

 Counsel to seller in sale of 4500 acre agricultural assemblage in

southern Colorado, including renewable energy lease rights, water rights

and production contracts.

 Counsel to out-of-state purchaser in $42 million acquisition of fully-

leased, Denver Tech Center office building, including closing purchase

and financing on compressed timeline.

 Counsel to seller of fully-leased commercial property on Main St.,

Aspen, Colorado.

 Counsel to developer for sales at nationally branded condo-hotel at

Snowmass Village.

 Counsel to buyers and sellers in large, luxury residential and ranch

transactions in Aspen, Snowmass, and Breckenridge, Colorado, as well

as Idaho, Florida and California.

Real Estate Finance

 Colorado counsel to national banking clients on acquisition and

construction loans for mixed use, multifamily and senior living

developments.

 Counsel to national lending clients for acquisition loans nationwide.

 Colorado counsel to European lending group in origination, servicing,

work-out and foreclosure of $575 million facility for development of

resort village at Snowmass Village.

 Colorado counsel to European lending group in foreclosure of $180

million facility for mixed-use projects in Greenwood Village.

 Colorado counsel to European lending group in origination of $160

million facility for downtown Denver condominium tower.

 Counsel to local banks in complex real property and asset-based

financing transactions.

 Counsel for real property security transactions in connection with

BakerHostetler's role as court-appointed counsel to the SIPA Trustee for

the liquidation of Bernard L. Madoff Investment Securities LLC.

Litigation

 Counsel to landowner in Summit County for access dispute and eminent

domain action with local and federal government agencies.

 Counsel to landowners in partition action for large ranch property,

including transaction to implement settlement of litigation.

 Counsel to shopping center developers in cross-easement,

indemnification and access disputes.

Community Associations

 Counsel to original master association of Snowmass Village through

distribution of real property and dissolution.

 Counsel to condominium and homeowners' associations in governance,

amenity management and enforcement matters.

Recognition

 The Best Lawyers in America© (2017)

o Denver: Real Estate Law

Memberships

 American Bar Association

 Colorado Bar Association

o Real Estate Section Council

 Pitkin County Bar Association

 Colorado Lawyers Committee: Board of Directors

 Colorado Hotel & Lodging Association: Government Affairs Committee

 Colorado Hotel & Lodging Association: Legislative Affairs Task Force

Community

 Community College of Aurora Foundation: Board of Directors

 Downtown Denver Partnership Economic Development Council

Pro Bono

 Pro bono counsel for A Way Out, Aspen-based solution oriented

addiction programs and financial aid.

 Assisted homeless families in achieving permanent housing through

ACCESS Housing.

 Former pro bono counsel for Continental Divide Land Trust.

Mr. Cope has over 15 years of experience in the multifamily industry, being responsible for the acquisition, asset management, and disposition of over $2 billion of apartments during that time. Prior to Sagebrush, Mr. Cope was the Vice President of Multifamily for Apartment Capital Solutions, the multifamily division of Real Capital Solutions, based out of Louisville, Colorado. Mr. Cope oversaw the strategic direction and execution of over $400M in assets, consisting of 12 properties with 3,400 apartment units, and an additional 6 properties and 1,000 units under development. He specializes in distressed and value-add opportunities including REOs, note purchases, and ground up or redevelopment throughout the US. Prior to his position at Real Capital Solutions, Mr. Cope worked for the multifamily REIT Apartment Investment and Management Company (AIMCO) based in Denver, Colorado. He was responsible for sourcing and closing transactions throughout the Eastern U.S., with concentration in high barrier-to-entry markets. Prior to joining AIMCO, Mr. Cope was Regional Property Supervisor for a large third-party management company that was later purchased by Riverstone Residential.

Brian P. Wynne serves as a President and co-Founder of Wynne Yasmer Real Estate. Wynne Yasmer was formed in 2019 and is a Denver-based real estate company with focus on multi-family and mixed-use development and acquisitions. Until June 2019, Mr. Wynne was Senior Managing Director for Mill Creek Residential Trust. He oversaw all activities in the Mountain States division of the company as well as the office as a whole. Prior to joining Mill Creek, Mr. Wynne served as Vice President of Simpson Housing LLLP, responsible for all development activities in Colorado, California, and Arizona. In this positions, he sourced and executed the development of over 2,000 apartment homes worth over $600mm in capitalization.

Mr. Wynne previously held development positions with Forest City Enterprises, covering mixed-use development activities in Denver, Los Angeles, Las Vegas, and Arizona. In this capacity, he oversaw over a million SF of commercial and residential development including high-rise office and residential as well as luxury retail.

Prior to starting his career in real estate, Mr. Wynne worked at Deloitte Consulting in New York City. He is an alumnus of Leadership Denver 2015 and is actively engaged in the Denver Metro Chamber Leadership Foundation. He sits on the Colorado ULI Multi-Housing Product Council. He holds a Master of Business Administration with a focus on finance and real estate from The Anderson School at University of California Los Angeles (UCLA) and a Bachelor of Science from the University of Virginia. Mr. Wynne lives in Denver with his wife and three children.

Mr. Williams is a Senior Vice President with KeyBank Real Estate Capital Markets in Denver, Colorado. He currently heads the multifamily loan production team for the Central (Texas/Rocky Mountain) and Southeast Regions for KeyBank. He manages a team which is responsible for all multifamily loan production in this region, with an emphasis on agency lending (Fannie Mae, Freddie Mac, and FHA), as well as life company placement and CMBS. Mr. Williams has 15 years of diversified real estate banking experience, with over 8 years of experience at KeyBank. Prior to his current assignment, he was responsible all permanent multifamily loan production for KeyBank’s Rocky Mountain based clients. Mr. Williams began his career with KeyBank as a balance sheet banker based at the firm’s Cleveland, Ohio headquarters. Prior to joining KeyBank, Mr. Williams was with Realty Funding Group L.L.C., a Denver based real estate acquisition and investment banking company. He was also with Studley, Inc., a commercial real estate firm in New York and Denver where he worked with the Capital Markets Group. He was responsible for the negotiation and restructuring of over a million square feet of office space. Mr. Williams began his career in the early 1990’s as an Investment Banker, first with JP Morgan Chase and then Salomon Smith Barney in the San Francisco Bay Area. Mr. Williams studied Business Management at the University of Maryland and Real Estate Finance at New York University’s Stern School of Business.

As a Senior Vice President with Walker & Dunlop, Ralph Lowen originates permanent and construction financing for both market rate and affordable multifamily properties. Mr. Lowen is a multifamily finance specialist with an emphasis on FHA/HUD, Fannie Mae and Freddie Mac.

Prior to joining Walker & Dunlop, Mr. Lowen was a principal at Prudential Mortgage Capital Company where he was responsible for financing over 10,000 multifamily units and producing over $650 million in commercial real estate loans. Consistently a top producer, Mr. Lowen spent 11 years with Prudential and held the previous titles of director and associate.

A Colorado native, Mr. Lowen holds a Bachelor of Science in Finance and Business Administration from The University of Colorado at Boulder.

Mike Ballard is a partner at Ascent Multifamily Accounting and has worked in the real estate and accounting industries for almost 30 years. Early in Mike’s career, he worked in the Information Systems Consulting group for Laventhol & Horwath, CPAs. After Laventhol, he joined McGladrey & Pullen before starting his own consulting firm. At Ascent, Mike leads Ascent’s consulting practice, where he advises multifamily clients on strategic planning, process improvement, and tax credits.

Mike was a founding member of the board of the Lied Institute for Real Estate Studies at University of Nevada, Las Vegas and also helped with the formation of the local National Association of Industrial and Office Properties (NAIOP) and Construction Financial Management Association chapters. In 2010, Mike was named one of the “Top 20 Visionaries” in Nevada by Nevada Business magazine. Mike has served on the boards of several for-profit companies and not-for-profit organizations. He has helped start three banks and served on the board of Black Mountain Community Bank.

Scott is currently the Division President of the Mountain States/Southwest for Lennar’s Multifamily Apartment Division where he has been responsible for sourcing over $900 million of development since late-2012 in Denver and Phoenix and building a team of over 40 development, construction and property management professionals. With over 15 years of experience in multifamily, Scott previously served as the Managing Director of Mill Creek Residential Trust, where he sourced the development of over $100 million and established a successful development, construction and asset management platform in the Mountain States. He also was the Managing Director of Trammell Crow Residential and, along with his team, was responsible for the sourcing and development of over $500 million in luxury multifamily communities. Scott is a graduate of the University of Virginia (BA) and the University of Colorado (MBA).

Matt Joblon is a founding partner and serves as Chief Executive Officer for BMC Investments. Since

2010, BMC has acquired and managed over 8,000 multifamily units in metro Denver comprising an asset

value just over $1 billion. Also in that time span BMC has developed or is in the process of developing

over $500 million in projects, all in Cherry Creek. Some of the projects include market leaders such as

the Steele Creek luxury apartment project and the new Halcyon Hotel. Through those projects, BMC has

been instrumental in bringing world class retail and restaurant concepts to Cherry Creek including

Matsuhisa, Quality Italian, Le Bilboquet, Soul Cycle, CB2 and Departure. BMC currently has over 200

employees and is growing at a fast pace. Lastly, BMC has another $500 million in development projects

in the pipeline in Cherry Creek, Boulder and the Fitzsimmons Medical Campus, and is in the process of

sourcing thousands of multifamily units outside of Denver. Mr. Joblon received a B.B.A. in

Entrepreneurship and Real Estate Finance from Babson College and is on the Board of the Blue Sky Fund.

Paul is the President of Palisade Partners and has become a respected player in the multifamily market in Denver, Colorado. Currently, Palisade Partners is developing and co-developing three mixed use projects and a townhome project in the Five Points neighborhood, totaling $75 million. Mr. Books is also concurrently overseeing the development of Summit Sky Ranch, a 240-unit, high-end single family residential development in Summit County. Books recently completed an $9 million 27 unit for-sale town home project in Jefferson Park. In 2013, Books completed two new construction multifamily projects near downtown Denver for a combined investment of $20 million. In 2011, Books syndicated and gained financing for the purchases of four existing multifamily properties for a combined acquisition price of $5.4 million and a combined renovation budget of $1.8 million. Mr. Books graduated from the University of Denver: Daniels College of Business with a Masters of Science in Real Estate and Construction Management. Mr. Books received his bachelors of arts in Economics and Math with a Finance Sequence from Claremont McKenna College.

Zach is the CEO and co-founder Bristlecone Construction and is responsible for both the strategic direction of the business and client relationships. He has been working in the commercial construction industry for over 20 years and has continually executed on some of the most complicated projects in Colorado. Zach led Bristlecone from an upstart company to over $100m in annual revenue covering both general contracting services and multiple self-perform divisions.

Tom Wanberg specializes in the sale of apartment communities. His primary focus is representing private capital apartment owners in Colorado.

Tom has spent more than 30 years serving clients as an Investment Services Specialist. Prior to joining Transwestern, Tom worked for Grubb & Ellis Company for 27 years. Through the years Tom has represented clients on a variety of investment properties, but his “sweet spot” has always been the sale of apartment properties. Tom has closed on 300 multifamily properties during his career, specializing in private capital transactions from 100 to 300 units in size.

Tom has served on the Owner/Operators Committee, CAA. He has been recognized for the following: #5 Investment Award from the 2007 DMCAR & Denver Business Journal Heavy Hitters for $42,876,875 in sales, Top Ten Producer Award, Denver – Grubb & Ellis Company, 8 of the past 10 years

Salesperson of the Year, Denver Multi-Family Group 6 of the past 10 years, Largest Industrial Sale in Denver Metro in 2001 Colorado.

Tom earned his Bachelor of Science in business marketing from Colorado State University in Fort Collins, CO. He is a licensed real estate broker in the state of Colorado.

Ms. Fielding was appointed Executive Vice President — Securities and Debt in February 2003 and Treasurer in January 2005. She is responsible for debt financing activities, including property debt and corporate financings and she oversees all Treasury, LIHTC and joint ventures for the company. Patti joined Aimco in February 1997 as Vice President-Tenders, Securities and Debt and was promoted to Senior Vice President-Securities and Debt in January 2000. Prior to joining Aimco, Patti was with Hanover Capital from 1996-1997 and from 1993-1995 she was Vice Chairman, Senior Vice President and Co-Founder of CapSource Funding Corp. Patti was a Group Vice President with Duff & Phelps Rating Company from 1987 to 1993 and a commercial real estate appraiser with American Appraisal for three years.