Pinnacle Partners Opportunity Zone Fund VIII
Leo is a Founder and Managing Partner of Pinnacle Partners where he leads developer partnerships, project sourcing, real estate due diligence, and serves on the investment committee. Leo is the Co- Managing Member of the General Partner.
Leo had a 35 year career in corporate real estate brokerage representing tenants and buyers across the U.S. His tenant representation practice along with years of development experience with site acquisition, project underwriting, and leasing adds tremendous value to Pinnacle’s project selection process. Leo was involved with the early planning and development of Seattle’s South Lake Union submarket as he was advising Paul Allen’s real estate company, Vulcan Northwest. This included the first phases of Amazon’s HQ relocation, and UW Medicine Research Center.
Jeff is a Founder and Managing Partner of Pinnacle Partners where he leads investor relations and operations management. Jeff is the Co-Managing Member of the General Partner.
Jeff has been an active real estate and venture investor. He was an advisor to Schuster Realty Partners, real estate private equity fund and responsible for fundraising and investor relations. Jeff has provided management and consulting services to early stage startups, including establishing go-to-market strategy for companies such as Backtrace, Volometrix and Extrahop.
Jill Homan is a Managing Director of Pinnacle OZ GP, LLC where she co-heads developer partnership, leads real estate due diligence, and serves on the investment committee.
Jill has more than fifteen years’ experience in real estate development totaling almost $500 million in capitalization. She has co-developed projects in Opportunity Zones and successfully raised and closed OZ capital. In addition, she has applied her knowledge of emerging communities and expertise in policy and real estate to advise investors and family offices on the OZ incentive. She earned MBA and MPP degrees from Duke University.
Highly Engaged Advisory Board
The GP advisory board members represent a diverse and highly engaged group of experts who have significant experience across commercial real estate, Opportunity Zone policy and corporate governance.
A-P Hurd is the president of SkipStone, a consulting firm that provides real estate\and planning services to private and public clients.
A-P is the former president of Touchstone, a real estate development company that built nearly 3M SF of office, retail, hotel and residential space between 2007 and 2017 and won the national Developer of the Year award in 2016. A-P is also faculty member and Runstad Fellow in the College of Built Environments at the University of Washington, where she teaches a course on land economics and public policy.
Mollie is a senior leader in the commercial real estate industry with significant experience in real estate, private equity and real estate/construction technology. She’s recognized as a thought leader with expertise and experience with institutional investors across multiple property types and companies representing over $10b. She’s the Chief Financial and Investment officer at JPI, a developer, builder and investment manager of Class A multifamily assets with a 30-year history having developed over 100,000 units. She is also Co-Founder and a Partner of Cephas Partners, a private equity firm specializing in alternative investments with a focus on real estate related opportunities - formed in 2012 to assist affiliates of The Blackstone Group. In her work with Blackstone, Mollie managed investments, co-invested and acted as a board and IC member. Prior to Cephas Partners, Mollie was a VP at Bank of America Merrill Lynch in the Real Estate Principal Investments group in New York. She also served as an analyst in the Real Estate Group at UBS Investment Bank -- also in New York.
Glencove Capital, LLC
Glyn Aeppel is Founder, President and CEO of Glencove Capital, a boutique and lifestyle hospitality investment and advisory company. Glencove is the only woman-owned and operated hospitality investment firm in the U.S.
Since its founding in 2010, Glencove Capital has invested in hotels and restaurants, all in partnership with high net worth investors and developers. Most recently, Glencove launched a lifestyle hospitality investment platform – the first investment is in a European brand – MOB HOTEL-OF-THE-PEOPLE – based in Paris.
Aeppel has spent many years as a senior corporate executive raising capital, asset managing, and investing in hotel companies and assets for major corporations including Marriott, Interstate Hotels, Le Meridien, Fairmont Hotels and Resorts and Loews Hotels.
Prior to founding Glencove, Aeppel served as a partner and Chief Investment Officer of Andre Balazs Properties.
In addition to oversight of Glencove, Aeppel serves as a board member of Simon Property Group (NYSE:SPG), AvalonBay Communities (NYSE:AVB), Exclusive Resorts, Gilbane, Inc. and Concord Hospitality Enterprises. She is also chairman of the Advisory Board of 1843 Capital, an early stage female-founded technology venture firm.
Aeppel holds an MBA from Harvard Business School, and a BA Honors from Principia College. She was born in South Africa and has also lived in Europe, Bermuda and the United States.
Active in the property management industry since 1986, Walt was one of the three founding principals of HSC Real Estate, serving as its president from 2001 until it was acquired by Riverstone Residential Group in 2008. At the time of the Riverstone transaction, HSC provided property management and ancillary services for more than 34,000 apartment homes in California and the Pacific Northwest. Walt became CEO of Riverstone in 2009 and provided strategic vision and leadership for its portfolio of more than 800 managed properties and 4,500 associates. During his four-year tenure, Walt fostered a vibrant and collaborative company culture, significantly expanded the ancillary services platform, and drove substantial income and unit growth that ranked Riverstone as the second largest management company in the United States.
In 2014, Walt and the legacy HSC partners formed Avenue5 Residential to manage their 7,000 unit Investors Capital Group portfolio in the Western United States. Avenue5 Residential, a solutions- based portfolio management services company, commenced third-party management services for the multifamily industry in November 2015.
Today, Avenue5’s portfolio has grown to more than 440 properties and 84,000 units across 15 states, managed by over 2,100 associates. The company appeared on the Puget Sound Business Journal’s list of fastest-growing private companies in Washington for the past three years.