The Pinnacle Team

Pinnacle Partners is an SEC-Registered Investment Advisor (RIA) focused on tax advantaged private real estate investment opportunities; specifically, through Qualified Opportunity Zones and workforce housing developments, in partnership with 50+ RIAs and hundreds of individual investors. Pinnacle has capitalized over $1B in multifamily development projects, including more than 2,400 units of multifamily housing, and sources off-market opportunities with best-in-class development partners.

Team Members

Leo Backer

Managing Partner

Leo Backer is the Co-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 had a 35-year career in corporate real estate brokerage and advisory services.  He began his career working with regional and national development firms, and later founded a tenant representation firm 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.  Leo was actively 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. In addition to his work at Pinnacle, Leo has been active in several business and non-profit boards.  He remains very active with the Boys and Girls Clubs of Bellevue and was previous board chair and 20+ year board member.

Jeff Feinstein

Managing Partner

Jeff Feinstein is the Co-Founder and Managing Partner of Pinnacle Partners LLC, where he leads investor relations, operations, and strategic growth.

Previously, Jeff advised Schuster Realty Partners, a real estate private equity fund focused on distressed land acquisition and multifamily development following the GFC, where he oversaw fundraising and investor relations. Earlier in his career, Jeff held senior operational roles in fast-growing technology companies and also provided strategic consulting to startups. In addition to his work at Pinnacle, Jeff remains an active investor in both real estate and early-stage ventures.

Jill Homan

Managing Director

Jill Homan is a Managing Director of Pinnacle OZ GP LLC, which is the GP of only PPOZ Fund VIII., where she co-heads developer partnership, leads real estate due diligence, and serves on the investment committee.

Blake Backer

Principal & Vice President of Investor Relations

Blake Backer joined Pinnacle Partners in 2020 as Principal and Vice President of Investor Relations. Blake’s primary responsibilities include raising capital for Pinnacle’s Opportunity Zone real estate funds from individual Accredited Investors, RIAs, and Family Offices. Blake also manages relationships with current investors and supports Pinnacle’s marketing initiatives. Blake holds a Bachelor of Arts from UCLA where he studied Political Science & Global Studies.

John “JB” Menefee

Director of Investor Relations

John Brian (JB) Menefee, CFA is a Director of Investor Relations at Pinnacle Partners. Previously, JB was a Multi-Asset Trader on the Emerging Market Debt team at Morgan Stanley Investment Management (MSIM), based in London. Prior to that role, JB held various positions within business development and relationship management at MSIM. He is a CFA Charterholder, holds Series 7 and Series 63 licenses, and earned his B.A. in Mathematics from the University of Washington.

Jaci Schoeder

Director of Investor Relations

Jaci Schoeder joined Pinnacle in January 2025 as Director of Investor Relations. Prior to joining Pinnacle, Jaci served as Director of IR at Navy Capital, and was on the sell-side as an equity sales trader prior to Navy. A born and raised Minnesotan, Jaci holds a BSB in Finance from the University of Minnesota – Carlson School of Management.

Troy Mullings

Controller

Troy Mullings is the Controller at Pinnacle Partners where he oversees the financial and accounting operations of the firm. He has 10+ years of fund accounting experience in the Real Estate, Venture Capital, and Private Equity industries. He holds a B.S. in Accounting from Pennsylvania State University.

Angela S. Hwang

Marketing

Angela S. Hwang leads marketing for Pinnacle Partners. Angela has more than 18 years of experience in marketing and business development. She has a wide array of experience across multiple industries including financial services, real estate, legal and technology.  In 2021, Angela was selected as one of 40 under 40 by Silicon Valley Business Journal for her marketing leadership. Angela graduated from University of California, Berkeley with a B.A. in Mass Communications and a B.A. in Sociology and earned her M.B.A. from Pepperdine University.

Advisors

Glyn Aeppel

Advisor – OZ Fund VIII

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.

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.

Chris Aggerholm

Chris Aggerholm

Asset & Construction Management

Chris is the Asset and Construction Management role for Pinnacle single asset portfolio and an experienced real estate investment and management executive with more than 20 years of experience across a variety of real estate classes.

Mollie Fadule

Advisor – OZ Fund VIII

Mollie Fadule 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.

Sandi Heffernan, CPA

Sandi Heffernan, CPA

Strategic Advisor

Sandi Heffernan has 30+ years corporate financial experience, serving as Pinnacle’s CFO for 5 years. Sandi now serves as the Strategic Advisor to Pinnacle’s leadership team.

A-P Hurd

Advisor – OZ Fund VIII

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.

Walt Smith

Advisor – OZ Fund VIII

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.

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How To Invest

Pinnacle Partners creates tax-advantaged multifamily real estate AIFs for wealth advisors, family offices, and individuals

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General Inquiries
Blake Backer
Vice President, Investor Relations
blake@pinnacleoz.com
425.736.7084