Denver Construction & Development Update

Tribe was founded out of a desire to be and do better. Not being limited to real estate development, but as thought leaders, stewards of the built environment and as fellow tribe members. My native American roots have shown me that being part of a team, a Tribe, generates stronger results, better ideas and problem solving, and it is far more fun than trying to work alone. The foundation of my career was built in the design world as a landscape architect, focused on luxury resort projects. It is here that I learned from the best, about the importance of delivering positive and memorable customer experiences to stand out from the competition and drive loyalty. For over a decade now, I have been focused on exceeding customers’ expectations in commercial development, what we now refer to as experiential development. Though these projects were rewarding, both personally and financially, I was very aware of an underserved, yet powerful, stakeholder --- the employee-- the very people who can make a brand come alive for your customers. I started asking- How do we create exceptional experiences for not only customers or visitors, but also the employees, perhaps the most critical constituency? I believe that the brand of a company or project is not separate from the culture, and that brand should drive every decision from design and development to recruiting and onboarding. Employee engagement, recruiting and retention are issues for every business regardless of industry. Creating brand loyalty starts from within. If you have passionate, engaged and loyal Tribe members the likelihood of success on any real estate development project is exponentially greater. The mission for Tribe is to create compelling spaces not just for visitors, but for everyone the space touches. The goal is that everyone becomes a brand ambassador, or better yet, a member of the Tribe!

Sean is CEO & Principal at Formativ, a full-service real estate development and investment firm based in Denver. The firm is focused on in-the-path-of-growth real estate and urban in-fill development projects. Developments that, through the built environment, turn blocks or micro-neighborhoods into sustainable and inclusive communities that thrive in our modern world. With placemaking at the core of these developments, Formativ incorporates complimentary asset types, public spaces, and additive best-in-class amenities to deliver projects where people want to live, work, and play. The firm specializes in Mixed-Use, Master-Planned, Multifamily, Creative Office, and Hospitality asset categories. By developing thriving communities and properties, Formativ delivers superior, risk-adjusted returns for its partners and investors. Sean is a real estate developer, community builder and former Wall Street executive with a strong background in finance, real estate, and business development. Sean founded Formativ with the vision to establish a real estate firm that was centered around transformative urban projects that grow communities and businesses. He is involved in the full lifecycle of FORMATIV’s developments leading the visioning, investment and execution of our projects. Prior to founding Formativ, Sean was co-founder and developer of INDUSTRY, Colorado’s foremost creative office concept. Before becoming a leader within real estate development community, Sean spent over a decade in NYC’s financial sector in fixed income trading and investment banking. Sean is a leader in Denver’s business and non-profit community serving on the Boards of Metro EDC, The Denver Zoo, The Other Side Academy and 10.10.10.. Sean is originally from Washington D.C. and attended the University of Maryland.

Carl Koelbel is currently working at Koelbel & Company where he carries on a three-generation tradition of real estate development in the Denver Metro area. His primary focus is on development of land currently held by the firm as well as identifying and securing future development opportunities. Additionally, he started the Koelbel Urban Homes division which focuses on developing for-sale, infill homes. He also works extensively developing affordable housing in Colorado. In just over 9 years Koelbel and Company will have delivered close to 700 units of affordable housing in nine different projects with more to come. He also manages major projects for Koelbel including the Catalyst office building along Brighton Blvd. and the redevelopment of Regatta Plaza in Aurora. Carl received his Master of Business Administration with a concentration in Real Estate and Finance from the University of Colorado in Boulder. Before receiving his M.B.A., he was a Research Associate at the Urban Land Institute in Washington, D.C. At U.L.I. he assisted the Senior Resident Fellows in various research projects with a focus on infrastructure and its effect on land use patterns. He has a B.A. in Economics and International Relations from the University of Southern California and is an avid skier, golfer, and tennis player. He is always thankful of the support of his wife Fallon and three children, Harper, Reagan, and Presley.

Damian Ederhoff is a certified public accountant with more than 30 years of construction and real estate accounting experience. He has expertise with assurance, tax and consulting engagements for companies in all stages of business. This combined experience allows Damian the ability to provide his clients with holistic consulting in areas such as succession planning and mergers and acquisitions. Damian regularly attends key construction-related conferences and events in addition to presenting on contractor operational best practices. His personal time is devoted to service activities related to his deep love of sports, principally coaching youth sports, and officiating college football. His areas of focus include: Financial accounting and assurance, Financial advisory and related analysis, Operational reviews and process improvement consulting, Construction cost audits, Analysis of construction contract cost of performance, HUD Mortgagor’s Cost Certification Audits, HUD Contractor’s Cost Certification Audits, Business transaction consultations, mergers, and acquisitions, Succession planning, Corporate taxation.

elley Klobetanz is a Managing Director responsible for structuring debt and equity transactions for commercial real estate throughout the United States; transactions include new construction, substantial rehabilitation, refinance or acquisition of multifamily apartments and age-restricted housing, as well as healthcare facilities. Kelly is based in Denver, CO. After serving as FHA Chief Underwriter for Greystone, at the start of 2020, Kelley shifted to client-focused debt solutions. Her experience gives her unique insight into successfully navigating the underwriting process for clients. Over the past three years, Kelly has reviewed and underwrote roughly $4 billion in construction and affordable loans as a Chief Underwriter for Greystone. As a debt originator, Kelley has engaged over $100,000,000 in just her first year of originations. Before joining Greystone, Kelley was a Senior Vice President and FHA Deputy Chief Underwriter for Prudential Huntoon Paige Associates, LLC. Prior to joining Prudential, Kelley performed market analysis and worked as a project manager for a private developer. Kelley was awarded her LEAN approval in 2013. In addition to her private sector work, she worked for the City of Arvada's Economic and Development Department and the Urban Renewal Authority while obtaining her Master's.

David Haltom is a commercial real estate executive and serves as Vice President of Patrinely Group, a national investment, development and management firm focused on Class A commercial office, multifamily, industrial, and data centers. David is responsible for all development in the company’s Rocky Mountain region from origination through execution. He has over 17 years of U.S. and international experience in development and design for multifamily, office, industrial, and hotel/condo. David received a B.A. from Yale University and a Master of Architecture from Glasgow School of Art in Scotland.

Eric Hiraga is the Executive Director of the Denver Economic Development & Opportunity (DEDO), a position he assumed upon his appointment by Mayor Michael B. Hancock in August 2017. DEDO is leading an inclusive and innovative economy for all Denver residents, businesses, and neighborhoods. Under Hiraga’s leadership, DEDO has been at the forefront of the city’s COVID-19 emergency efforts for small businesses and nonprofits while continuing to support the economy through on thoughtful business development; job creation and advancement efforts; expanding opportunities for small, minority, and women-owned businesses; and by supporting neighborhoods experiencing significant change. Hiraga previously served as Executive Vice President and Chief of Staff for DEN, a $1 billion operation with 35,000 employees. To better attract international business ventures and open access to global markets for Denver’s local businesses – large and small – Hiraga maintains a Senior Advisor role to the airport. Hiraga received a B.S. in International Affairs from the University of Colorado at Boulder. His academic credentials also include a Peace and Friendship Fellowship from the Japanese Ministry of Education, and Hiraga studied foreign relations at the University of Tsukuba, Japan. He was also awarded the German Marshall Memorial Fellowship, a leadership development program for emerging leaders in the United States and Europ

I joined Capstone after five years with one of the world's largest commercial real estate firms, where I focused on sales of multifamily development land sites and existing multifamily assets. As a commercial real estate broker, I have participated in over $500 million in successful transactions totaling over 4,000 apartment units. My breadth of experience has taught me that each real estate transaction is unique and comes with different challenges. I approach each deal with an open mind, adding value to my clients with my creativity and expertise while doing everything possible to get the transaction across the finish line. In addition to representing sellers and buyers of development land, I assist clients with specific research projects and feasibility analysis. I combine real-time market knowledge with comprehensive underwriting capabilities to help clients set pricing expectations and determine the optimal strategy for achieving their investment goals. On a personal note, I was born and raised in Atlanta, GA and I’m an avid fan of the Braves, Falcons, Hawks and UGA. When I’m not in the office, I enjoy fly-fishing, hiking, snowboarding, live music, spending time with friends, and traveling with my wife. Education: University of Georgia | B.B.A. in Accounting; University of Colorado – Boulder | M.B.A. in Real Estate and Finance

Seth has more than 14 years of experience on a wide variety of architecture and planning projects. Seth is a talented designer with a great background out of California’s high end production housing and resort living industry. He brings a fresh perspective and passion for lifestyle living and modern design. With a focus on integrated design, he has lead teams from project visioning through construction. He is a thoughtful and innovative designer who has the experience and construction knowledge to carry the design through implementation. Seth’s main areas of focus are in community amenity buildings, multi-family residential, resort housing and single family detached housing but has experience in senior living communities, corporate campuses, retail, and urban infill as well. Bachelor of Environmental Design with an Emphasis on Architecture; University of Colorado; Boulder, CO

Mitch Lund joined Fulcrum with a decade of experience in the commercial modular building industry where he was actively involved in leading teams through the entire lifecycle of custom modular construction projects across the US, including design/engineering, estimating, procurement, project management, manufacturing, and site supervision. With modular and offsite construction riding a tidal wave of success and media attention, involvement in $1B of modular projects, a nation-wide team of construction professionals from across all segments of the construction industry, and a decades-long track record of success managing construction risk on behalf of lenders, investors, and developers, Fulcrum is perfectly and powerfully positioned to help the real estate industry make informed decisions with its full range of Modular Risk Management services.

Nicole has been working in real estate law for more than 20 years, and has experience managing transactions with as many as 276 properties in a single portfolio, as well as has expertise with handling $1.5 billion deals. These are just some of the many credentials that Nicole Ament brings to her role as Brownstein’s Real Estate Department chair—and to her clients’ projects, every day. Focusing on land use, development, financing and disposition, she spearheads transactions featuring complex portfolios and large single assets. Nicole draws on diverse experience navigating complicated development and land use issues, to ensure her clients across the nation—from hotels and healthcare facilities to ski resorts and fitness clubs—maximize opportunities. Previously, she served as the chair of the firm’s Hospitality, Resort & Recreation industry group and, in 2018, was named one of Bisnow’s Denver Power Women for having a significant impact on the business and commercial real estate industries, and helping propel cities and communities forward.