Brian founded Threshold Capital in 2004 and has been in the multifamily industry since 1997.
During his career, Brian has been involved in acquisitions greater than $1.25 Billion, encompassing approximately 30,000 multifamily units and 115 transactions. Through an entrepreneurial and hands-on approach, Brian has developed a full vertical understanding of multifamily operations, which has been paramount in his value creation strategies. Beyond his multifamily operations expertise, Brian is also very well versed in all financial and legal aspects involved with real estate investments. Key skillsets include contract negotiation skills, debt financing procurement, partnership structuring, and tax considerations. Throughout his career, Brian has cultivated a deep relationship base with a multitude of private owners, loan servicers, and independent broker contacts throughout the nation, enabling him to pursue opportunities with limited competition. With an excellent reputation as a qualified and reputable buyer, this offers certainty of execution to sellers and provides a distinct advantage over many competitors.
Other business interests include digital media software, the movie theatre marketing industry, and agriculture. Brian has a wife and three wonderful children. He is active in his church and is committed to helping those in need through various charitable organizations, with an emphasis on disadvantaged youth.
Brian graduated from the University of Iowa with a B.B.A. in Economics.
The Chief Financial Officer
Patrick serves as Chief Financial Officer and has been with Threshold since 2007.
Patrick is responsible for all facets of financial and accounting overview, income tax compliance, partnership distributions, lender correspondence, and banking relations.
Patrick has over 20 years of professional experience dedicated within the real estate industry. Prior to joining Threshold Capital in 2007, Patrick was a key individual facilitating the business startup and maturation of a nationally recognized real estate investment firm together with its property management company with corporate offices in Des Moines, IA and Dallas, TX. During Patrick’s fifteen year tenure there, he progressively served as department or division officer successfully in the areas of Accounting, Finance, Income Tax, Investor Relations and Information Technology. His responsibilities included many aspects of asset acquisition structuring, financial operations & reporting, capital and operating budget together with proforma formation, and reversion strategies including tax deferred exchanges.
An Iowa native, Patrick earned his Bachelor of Science in Business Administration from Drake University in 1991, together with graduate coursework in Real Estate Investment. Patrick is involved with professional organizations supporting the real estate & financial industries in conjunction with continuing professional education opportunities. He is a participating member in a number of civic and faith based organizations.
The Field Operative
Don has been a real estate consultant for Threshold since its inception and serves in various capacities.
Don’s priorities mainly pertain to site assessment, market research, and competitive market analysis for properties under consideration for purchase. He has proven to provide invaluable specific property and market information. Don has over 33 years experience in the real estate business and has significant knowledge in portfolio management, analysis, acquisition, disposition, and development. His exposure to these various levels of real estate activity has given him a strong foundation in real estate financial analysis, market and feasibility analysis, contract negotiation in multi-family, office, retail, and land development (commercial and residential).
Don also has extensive experience in the banking industry, where he supervised the liquidation of a $1.2 Billion portfolio for First Heights Bank in Houston, Texas. He also was portfolio manager for Bank United, which held assets greater than $2.5 Billion.
Don has a Masters - M.Ed. from the University of Arizona and a Bachelor of Science from Lamar University.
The Project Manager
Pam joined Threshold in 2004 and serves as Project Manager.
Pam oversees all administrative functions for the company, coordinates the due diligence process for new acquisitions, and controls the information flow for refinance transactions.
Pam also oversees all non-investment related activities, including maintaining the books and records for the company, investor distributions, and corporate entity filing. Pam has nearly 11 years experience in the multifamily business, including real estate analyst functions from 1998-2002. She also has several years of direct experience working as a manager on a 300 unit multifamily property. Prior to working in the multifamily business, Pam held both managerial and office management positions for several food service organizations for nearly 15 years.
Pam has an AA degree from Des Moines Area Community College in Accounting Information Systems.
The Asset Manager
Mark consults for Threshold on specific asset management projects.
Mark's primary responsibilities involving the monitoring and follow through of strategic plans for new acquisitions and maintaining tight controls over properties within the portfolio.
Mark has over 25 years experience in the financial sector. He most recently was Managing Director and Chief Production Officer for Principal Commercial Acceptance LLC, a subsidiary of Principal Global Investors from 1995-2009.
During his tenure there, Mark managed all the investment loan production activities of the firm consisting of a team of ten production professionals. Mark also managed and supervised all asset management functions of the investment management team, including assistant managing directors, investment analysts and support staff. He determined all investment pricing quotes, reviewed underwriting, due diligence documentation, as well as all investment committee preparation and presentation. Mark has extensive market knowledge relating to multifamily investments and was the leading producer for all preferred equity investments relating to multifamily properties. His total production volume exceeded $1.2 Billion.
Mark holds a Bachelor of Science and Business Administration from the University of Nebraska, with dual majors in Finance and Psychology. He also has an M.B.A. from the Baker University Graduate School of Business.