Mr. Pettit has 20+ years working on the investment/ portfolio side of Commercial Real Estate. In the last year, he has designed and launched a 50.0M Opportunity Zone Fund focused in “Rural” designated areas in the Western U.S. that offers immediate coupon as well as immense upside through investment due to the scarcity of land in these focused markets.  

Prior to this endeavor, Mr. Pettit spent 13 months as the SVP of Fund Management at Caliber Cos., working to stabilize app. 1.0B in Closed End CRE Funds.

Previous to this move, he oversaw the scaling and stabilizing of a (HNW) Family Office (Asset Management, then V.P. of Asset/Portfolio Management, then COO), increasing AUM from 225.0M to more than 700.0M.  Using his experience leveraging cash flowing real estate as a proxy to bond holdings, Mr. Pettit built and managed a durable portfolio of approximately 5,000 MHC pads, 7,500 self-storage doors, ± 725,000 sq. ft of office/ Industrial, retail strip centers, and multiple boutique residential assets. 

During his tenure with the office, he grew AUM by 2.5X while successfully operating through 2 very tumultuous downturns.  By harnessing controlled pad rent lift (MHC) as well as the introduction of new home inventory directly from the manufacturer, we were able to carry paper internally and deliver homes to the end user at 70-75% of the market cost.  In essence we offered equity to tenants unable to access home ownership by conventional means, while providing a clean, safe community experience. During almost 20 years in the Manufactured Housing space, he has delivered:

• ±450 units (±25.5M USD) of new home inventory sold to the end user, producing a weighted average of 12.5-15% annual return per unit plus a pad rent.

• Oversaw the acquisition/ disposition of ±20 facilities, managing approximately 40 facilities at the peak of operations.

• The expansion of ±150 pads from planning/ design through permitting and installation, provides understanding of the nuances of state/ local approval process in Manufactured Housing.

• Built an institutional quality Asset/ Property Management Platform internally that was responsible for the management of approximately 5,000 pads. Harnessing a flattened leadership structure, we delivered continuity at the community level; secured durable employment relationships with key contributors, managed all reporting/ cap ex, and increased net to investor by 5-7% annually.

Prior to joining the Family Office, Mr. Pettit placed approximately 50.0M in distressed Master Planned Golf Communities throughout the Southeast and Southwest yielding an Internal Rate of Return that exceeded 30.0%. 

Mr. Pettit has sat on multiple boards throughout his career, and has extensive active asset management experience in MF/ MHC/ Marina/ Light Industrial/ Office/ Retail assets classes in addition to a thoroughly constructed national network of HNW clients, Investment Professionals, Asset Managers, Property Managers, and regional subcontractors capable of internally or externally managing real estate holdings at peak profitability throughout the continental U.S.  Mr. Pettit attended Penn State University, studying Commercial RE Management and minoring in Business Administration.