History/Management

• Founded Catamount in December of 1990
• Principal has over 35 years of continuous, uninterrupted experience in multi-family development, construction, marketing and management.
• Successfully completed over $250 million of attached housing development in Colorado in the past thirteen years.
• Principal has comprehensive development, construction and operational management experience with several of the most visible, high density multi-family developments in Colorado; Ballpark Lofts a 355 unit apartment community in downtown Denver and Fraser Crossing/Founders Pointe a 194 unit condominium development completed at the base of the Winter Park resort. In total, these two projects comprise over $140 million in mid-rise type of development.

• Extensive experience in condominium development and construction in ski area environments.
• Responsibility for over-seeing a property management company with over 150 employees, comprising a portfolio in excess of 6,000 homes in metropolitan Denver.
• Financed over $250 million in multi-family assets over the past thirteen years.
• Identified the buyer then initiated and closed on a 1,120 unit, $89 million multi-family property during 2003, at the time the largest single property multi-family sale in the history of Colorado.

Strategy

• Optimize the risk/reward relationship by developing sites with a residential rental product that is in high demand and constructed in manageable phases in accordance to reasonable absorption rates.
• Develop market rate, multi-family communities that are unique, innovative and differentiated from the competition.

• Develop sites that are at least 1+ acres resulting in at least 50 new homes and exceeding $9 million in total costs in order to gain a sufficient level of economies of scale for day-to-day operations.
• Identify and acquire the most desirable sites to ensure product differentiation and distinction in each submarket which will translate into top-of-the-market rents and above-average valuation.