[ ABOVE: From left, Ralph Settle and Seph Wunder ]
RealOp Investments, a privately held Greenville-based commercial real estate investment and private equity firm, has added two commercial real estate veterans to its team: Seph Wunder and Ralph Settle.
Wunder will serve as RealOp’s general counsel, advising team members on various legal matters, negotiating real estate contracts, loan agreements, leases and vendor contracts, managing external legal counsel and assisting with the management of human resource issues. Wunder was previously general counsel for Johnson Development Associates and a private corporate attorney for Haynsworth Sinkler Boyd.
Settle will serve as director of development for RealOp. He’ll be responsible for leading the sourcing and management of new development opportunities. He was previously director of development at Johnson Development Associates, and prior to that he worked with OTO Development as a real estate finance manager.
RealOp also closed on its first Real Estate Opportunities Fund, resulting in more than $15 million of deployed capital. The fund is the first in a series of investment funds designed to provide investors with consistent income and cash distributions through high-quality, income-producing commercial real estate assets across the Southeast. The fund is now closed to new investors, but RealOp Investments will have new fund offerings over the next 12 to 18 months.
“We are very excited about the launch of our first fund and deployment of capital into a select group of strategic assets,” said Kyle Putnam, RealOp Investments chief investment officer. “This initial offering exemplifies our investor-centric culture and core investment strategy, which is centered on asset fundamentals, value, risk management and capital preservation. We look forward to the continued growth of our platform and series of forthcoming investment funds.”
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RealOp acquired four properties in the fourth quarter of 2015:
15 Brendan Way, Greenville – 38,316 SF commercial office building
40 Concourse Way, Greer – 7,000 SF commercial office building
6000 Pelham Road, Greenville – 65,942 SF commercial warehouse/office building
935 W. Butler Road, Mauldin – 72,725 SF self-storage facility
