SIDNEY DOMB
What was the Great “Aha” Moment, that
inspired United Trust Fund president
and CEO Sidney Domb to create his
firm? “Oh, it was a mistake,” Domb
recounted in Real Estate Forum’s
cover story last year. “I started out building for tenant companies, gas stations
and 7-11s.” Domb remembers a call
from a broker who wanted to hook him
up with a Howard Johnson-type motel/
restaurant operator called Ludwig &
Kibbee. They had 11 properties and wanted someone to take over
the contracts, build the assets and lease them back. “I met with them
and went through the numbers. I included taxes and interest, but
they protested the add-ons. I said, ‘Why don’t you build them, and
I’ll buy them when they’re done?’ They agreed. My attorney recommended that we call the structure a sale/leaseback and I came up
with the name for the company. We registered the name in 1972.”
GORDON F. DUGAN
A former president and CEO of W. P.
Carey & Co., where he spent 22 years
and oversaw that company’s growth
from assets of $2.5 billion to over $10
billion, Gordon DuGan is the current
CEO and a director of Gramercy
Capital Corp. He joined Gramercy last
year and is overseeing a repositioning
of the company to a purely net-lease
focus. DuGan is a member of the
Council on Foreign Relations and serves on the board of the
Innocence Project and the Advisory Board of India 2020 Ltd., a
private equity firm investing in India. He co-founded Northcliffe
Asset Management in 2010, which was later merged into Annaly
Capital Management. He joined Gramercy in July 2012.
MORTON FLEISCHER
Morton Fleischer was one of the founders of STORE Capital in May
2011 and serves as chairman of the board. For nearly four decades,
founded numerous real estate limited partnerships that were predecessors to Franchise Finance Corp. of America, a REIT that he
formed and took public in 1994. Fleischer was FFCA’s chairman and
CEO until it was acquired by GE Capital Corp. in 2001.
W. KYLE GORE
Kyle Gore is a managing director and principal of CGA Capital
Corp., which was previously a subsidiary of Legg Mason Inc. During
his 23-year real estate career, he has led the structuring and closing
of more than $12 billion in net lease-related financing transactions.
A frequent speaker at net lease industry events, he has also been a
managing director in RBS Greenwich Capital’s Real Estate Finance
Group. CGA and its affiliates originate, structure, fund and securitize
commercial mortgages for net-lease properties and assist public and
private institutional investors in the acquisition and disposition of
asset-backed and mortgage-related products. He joined RBS
Greenwich Capital after spending over 16 years with the broker-dealer subsidiary of Legg Mason. He has handled the net leasebacked financings for retail, office, distribution, industrial, governmental, manufacturing and special purpose properties located
throughout the United States.
NORTON HERRICK
Under the watchful eye of Herrick Co.
chairman and CEO Norton Herrick, the
firm has become a major force in the real
estate marketplace over the past 50 years,
with income property transactions totaling
over $3 billion. Herrick began his career
building residential real estate in the
Northeast, and he developed a reputation
for fast-tracking, including large homes in
less than 30 days and a 22-story, 300-unit
high-rise apartment building in just 54
days. Throughout the 1980s and 1990s, Herrick analyzed, purchased
and sold apartment complexes throughout the eastern US. He carried that speed over to the structuring and financing of net lease and
sale-leaseback transactions, becoming known as one of the fastest
acquisition decision-makers and closers in the country. Herrick is
also the recipient, along with President Ronald Reagan and Isaac
Stern, of the Jerusalem 3000 Award, presented by Prime Minister
Shimon Peres.
BARCLAY G. JONES III
Barclay Jones has been the executive vice president of investments
for iStar Financial Inc. since 2000. Jones is responsible for jointly
overseeing the publicly traded company’s corporate loan and tenant lease investment activity. Previously, he was a principal with
ACRE Partners LLC, a privately held firm that provides public and
private companies with highly structured, value-added financing
solutions for their facilities. From 1982-1998, Jones held various
executive positions with W. P. Carey & Co., where he was responsible for originating more than $2 billion of sale-leaseback financing
and over $1 billion in mortgage placements. He is a director of
Spirit Airlines Inc. Since 2007, he has also been a member of the
Dean’s Advisory Council for the College of Art, Architecture, and
Planning at Cornell University.
JAMES G. KOMAN
James G. Koman is the founder and a managing principal of ElmTree Funds LLC. His
experience includes the development and
management of more than 4. 5 million square
feet of office and retail nationwide.
Specifically in the net lease real estate sector,
Koman has acquired and developed over
$2.1 billion in net lease assets over his 25-year
career. As a successful commercial property developer in several
asset classes, he has managed several large-scale projects, worked
closely with local municipalities and dealt with corporate America
to execute his development projects on time. His wealth of commercial property development experience enables the fund to
work closely with build-to-suit developers because of his intimate
understanding of the development process.
