• Overview
• Thomas M. Mulroy,Chairman and CEO
• Laurence J. Pelletier,Managing Director-Risk Management
• Kenneth C. Dardis, 3rd Party Consultant
• Joseph R. Gaudio,3rd Party Consultant
• Drew P. Cunningham,Managing Director-Asset Management
• Joseph R. Gaudio,3rd Party Consultant
• Drew P. Cunningham,Managing Director-Asset Management

TEAM

T-Rex Capital Group ("T-Rex") was founded by Thomas M. Mulroy. The T-Rex investment program has sourced and invested in transactions, on a proprietary basis, encompassing over 11 million square feet with a gross asset value of over $2.5 billion. T-Rex was early-in and early-out of the cycle for telecommunications and co-location assets, completing its proprietary acquisition program in June 2000. Both a savvy view of the changing dynamics of the marketplace and speed of execution are hallmarks of the T-Rex investment philosophy. T-Rex maintains it's results-oriented, not fee driven approach and it is structured as a "cradle-to-grave" platform.

Additional T-Rex principals include investment, asset management, and financial professionals with extensive experience in real estate, capital markets, and banking areas. T-Rex's extensive relationships throughout the country and the industry allow it to be scalable on a plug and play basis depending on the circumstances. The senior management of T-Rex averages over 25 years of real estate related experience. It is through the experience and expertise of the Principals and the Management Team that superior risk-adjusted returns are created for each investment.

The following are indicative of the T-Rex investment approach:

• Institutional investment opportunities are sourced on a proprietary basis that result from relationships in the marketplace with lenders and other capital sources. Non-competitive situations are sought for all investments;
• Unique situations, complex capital structures, intensive senior management requirements, and tax-advantaged re-structurings all represent areas of opportunity for the T-Rex investment program;
• Pre-acquisition diligence is undertaken on two parallel courses. The highest standards of physical and financial diligence are applied to the investment as it currently exists. Simultaneously, the investment team pursues a course of diligence designed to improve upon the existing economics of the transaction prior to purchase. Such activities include negotiating lease extensions or buy-outs, amending leases, aligning disparate ownership interests, obtaining improved zoning/densities from local jurisdiction, negotiating reduced off-site requirements, pre-selling out-parcels and other basis-reducing transactions;
• Investment/asset management begins at the property management level. T-Rex utilizes its wholly-owned property management subsidiary or enters into a venture with an established operating partner whose interests are fully aligned. Asset management is viewed as a critical element of investment return and is engaged in each transaction during the due diligence phase;
• An uncomplicated, well-defined exit strategy is established prior to investment. Depending upon the nature of the investment, several alternatives for exit may be managed toward. The flexibility to exit an investment under varying circumstances and market conditions is a keystone of the T-Rex investment approach. All disciplines (property management, asset management, financial management) execute during the hold period toward a multiple-exit situation to provide superior returns.