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 T-Rex Principals and management team that superior risk-adjusted returns are created for each investment.
THOMAS M. MULROY
Chairman and Chief Executive Officer
T-Rex Capital Group LLC
Mr. Mulroy is the founder and serves as the Chief Executive Officer of T-Rex Capital Group LLC. Mr. Mulroy has acquired and invested in over 9 million square feet in the United States since T-Rex’s inception in 1999 including over 1,300 multifamily units and has been involved in two public offerings. T-Rex merged with publicly traded Terremark in 2001. Subsequently, T-Rex undertook a reverse merger while maintaining its ownership in Terremark which sold to Verizon in 2011. Prior to founding T-Rex, Mr. Mulroy was Senior Vice President and Chief Investment Officer at Starwood Financial, Inc. (iStar NYSE: STAR) where his responsibilities included origination, structuring, and financially engineering investments in leveraged commercial real estate transactions.
Mr. Mulroy joined Starwood after serving as Senior Vice President at Lazard Frères & Co. where he was involved in the origination and structuring of mezzanine investments in real estate acquisitions and financings. Prior to joining Lazard, Mr. Mulroy worked at the Chase Manhattan Bank (currently J.P. Morgan Chase) where he was in charge of workouts and restructures involving the bank’s portfolio of real estate loans, foreclosures and bankruptcies in various stages.
Mr. Mulroy previously worked for Citicorp Investment Bank and KPMG Peat Marwick where he received his CPA. Mr. Mulroy has been a current and past member of: The Villanova University Board of Trustees, The Villanova Real Estate Advisory Council, The New York State Governors Tourism Advisory Council, Hudson Valley Economic Development Council, Pension Fund Real Estate Association (PREA), Urban Land Institute (ULI), and the International Council of Shopping Centers (ICSC).
Mr. Mulroy has been a guest speaker at The NYU Real Estate School, the Villanova University Real Estate Center, and on numerous panels in the fields of risk analysis of mezzanine investments, leveraged debt investing, the telecommunications real estate industry and distressed real estate investing. After graduating from Chaminade H.S., Mr. Mulroy received a B.S. in Accounting/Computer Science from Villanova University, and an MBA in finance from New York University Stern School of Business.
Chief Operating Officer
T-Rex Capital Group LLC
Mr. Pelletier is currently Chief Operating Officer of T-Rex Capital Group LLC, having been in various executive roles over the past 23 years.
Mr. Pelletier has participated as a principal/owner in acquiring, financing, managing and disposing of over seven million square feet of commercial assets nationwide. His ownership experience includes data centers, office, retail, apartment complexes, resorts and mixed-use development projects.
Previous to his time as owner/principal, Mr. Pelletier founded and operated Real Estate Solutions, Inc., a boutique consulting, brokerage and appraisal practice with offices in Boston, New York and Los Angeles. During this period, he led multi-billion dollars valuations and consulting assignments including several notable assets such as the World Trade Center, Mall of the Americas, Rockefeller Center and a portfolio of 20 malls in Australia. During this time, Larry created seminars in the industry-leading financial projection and valuation software Argus (and its predecessors) training over 6,000 industry professionals globally.
Mr. Pelletier also held positions as an Acquisition Manager for Boston-based Leggat McCall Properties and as a Real Estate Syndication associate for the public accounting firm of Kenneth Leventhal & Co. (now Ernst & Young).
Mr. Pelletier holds a Master's Degree in Finance, a Bachelor's Degree in Accountancy and is an active member of CCIM as well as a licensed real estate broker in New York and Massachusetts.
President of Development
T-Rex Capital Group LLC
Mr. Boudreau has over 25 years of experience with land development projects both professionally and as a real estate development manager for real estate land development companies. He has extensive experience in land planning, project management, acquisition due diligence and business intelligence in land development. His experience includes regional and community planning, commercial and institutional land use planning, site planning for hospital expansions, residential master planning, regulatory review and permitting.
Mr. Boudreau is a Registered Landscape Architect and manages all aspects of permitting, strategic planning, land use planning, road and utility infrastructure including the TR Sewer Works Corporation (Bellefield’s onsite wastewater treatment plant), as well as general site operations.
Prior to joining T-Rex in 2021, Mr. Boudreau was director of land development at the Chazen Companies, where he was a principal in the company, managing clients and projects throughout the Hudson Valley. Over a career spanning two and a half decades, Boudreau has gained experience with land development projects both professionally and as a real estate development manager for regional land development companies.
His experience includes 10 years as planner for Bellefield while at Chazen, along with regional and community planning, commercial and institutional land use planning, master planning, regulatory review and permitting. Master Plan project exp. Incudes the Pinehills (3,000 ac. Plymouth, MA, Edinburgh-Bears Best (585 ac. Suwanee, GA), Confidential 3,200 acres Neversink, NY.
Mr. Boudreau holds an MBA, and Bachelor Degrees in Landscape Architecture and Environmental Science.
Senior Partner
T-Rex Capital Group LLC
Mr. Jeraci is an investor and serves as a Senior Partner at T-Rex Capital Group LLC. Since 2018, Mr. Jeraci has run his own consulting firm, WestBarr Consulting, LLC, advising investment and FinTech firms and sourcing potential investments for Hedge Fund clients. He spent a brief time consulting a fund manager specializing in lending and credit card processing focused on the Food and Beverage industry. He also sits on an advisory committee for a well know fund administrator making client introductions.
Prior to that, Mr. Jeraci spent almost 20 years at MKP Capital Management, a hedge fund based in New York City. There, he was a portfolio manager in a structured credit fund and business that he co-launched. He had various other roles including Portfolio Strategist, Business Development Head and Senior Relationship Manager.
Prior to MKP, Mr. Jeraci worked at Merrill Lynch as a senior structurer, structuring mortgage-backed securities transactions for both agency and non-agency mortgages.
Prior to Merrill Lynch, Mr. Jeraci worked as an auditor at Deloitte. He earned an MBA-Finance from NYU and a B.S. Accounting degree from Villanova University.
Investor / Advisor
Mr. McCarthy currently serves as chairman of McCarthy Investments, LLC. Mr. McCarthy retired from Marriott International in March 2014, after thirty-eight years in multiple assignments including sales and marketing, operations, and executive positions. He was also responsible for new brand acquisitions as well as organic brand growth across multiple lodging segments. He joined Hotel Development Partners (HDP) as the Chairman of the Board and a fund investor. HDP had seventeen hotels open or under development primarily in the select service category with Marriott and Hilton flags.
Mr. McCarthy’s Marriott International responsibilities culminated in the role of Chief Operations Officer where he oversaw Global Lodging Services, The Ritz Carlton Hotel Company and had reporting responsibilities for Marriott’s four continental operating divisions spanning 4,000 hotels across 20 lodging brands in 75 countries. In addition, he played a key role in the launch and oversight of Edition, a luxury lifestyle brand with over 25 locations open and under development. He worked closely with creator Ian Schrager in this endeavor.
Prior to the COO role, he served as Group President of the Americas with oversight of more than 3,000 hotels and 120,000 associates. In addition, his Global Lodging Services role encompassed many of the staff oversight functions and strategies in sales, revenue management, marketing, brand management, operations, architecture and construction, and information services.
Mr. McCarthy has also taken a lead role in numerous investments since his departure as COO of Marriott. He was an investor and board member at Meeting Play, a technology company serving the hospitality industry. Further, he is a partner and an advisor in a one million square foot mixed use development, Armature Works, in the NoMa District, Washington DC. The multi-use project includes Hotel, Condominiums, Apartments and Retail components. He also serves as a strategic advisor and investor in Lytical Ventures, a firm engaged in investing in cybersecurity, data analytics, and artificial intelligence.
Mr. McCarthy is a board member at RLJ Lodging Trust, a publicly traded real estate investment trust (RLJ-NYSE) where he also serves on the nominating, corporate governance and audit committees. He holds a bachelor’s degree in Business Administration from Villanova University.
Senior Vice President
T-Rex Capital Group LLC
In this role, Jared leverages more than a decade of experience across finance, project management and permaculture design to assist the senior partners of the Bellefield team with addressing the diverse range of projects involved in this complex development. Jared has a deep interest in ecological community design, regenerative agriculture, and regional food systems. His most recent projects focused on property assessments and designs that integrate regenerative agriculture practices and permaculture principles into homes and farm businesses.
Prior to his design experiences, Jared was an Associate in the Industrials Investment Banking team at J.P. Morgan where he was the lead associate on a variety of transactions including mergers and acquisitions, leveraged buyouts, and capital market financings. Prior to J.P. Morgan, Jared was an Alternative Investment Officer for the South Carolina Retirement System Investment Commission, where he oversaw limited partnership investments and co-investments across real estate, private equity, private debt, and hedge fund asset classes.
Jared earned a bachelor’s degree in Business Administration from the University of South Carolina and a master’s of business administration from New York University’s Leonard N. Stern School of Business. He holds a Chartered Financial Analyst designation from the CFA Institute. He also earned Professional Certificates in Permaculture Design from Oregon State University and Product Management from Columbia University.