Management Team

CRE’s management team brings to the table a wealth of experience in the multihousing industry. Derek Avery’s 26 years of real estate experience includes valuation, corporate real estate, property management, rehabs/development and acquisition analysis. Jeff Hawks and Doug Andrews have teamed as Denver’s leading apartment brokers for the last 21 years and are industry veterans of 42 and 31 years, respectively. Th is team offers extensive experience in sourcing acquisitions and due diligence, as well as providing effective asset management and accounting to optimize the upside potential on each individual property.


Derek Avery, CEO

Derek Avery serves as CEO of Capital Real Estate, LLC where his duties include the oversight of community acquisitions, asset management, investor relations, and the corporate obligations associated with the management of CRE. Mr. Avery's 26 years of real estate experience includes valuation, corporate real estate, property management, rehabs/development and acquisition analysis.

Prior to joining CRE Mr. Avery held the position of Senior Vice President of Legacy Partners Residential headquartered in Foster City, CA where his responsibilities included the direct management of over 6,500 multifamily units located throughout the eastern half of the US. The portfolio was comprised of properties in which Mr. Avery represented the principal-owner, third party owners and homeowner associations. His duties included the oversight of on-site management teams, financial analysis of operations, budgeting, marketing, acquisition analysis, and client relations.

Prior to joining Legacy, Mr. Avery served as Regional Vice President of AIMCO, a national multifamily REIT headquartered in Denver, CO. His responsibilities included the management of an 8,000 unit multifamily portfolio stretching from Colorado to the Pacific Northwest.

In addition to Legacy and AIMCO, Mr. Avery's clients have included other institutional investors such as KBS, AIG, UBS, GE, LaSalle, and TIAA-CREF. Mr. Avery received MBA and BS degrees from the University of Florida. He has served on the Board of the Colorado Apartment Association and as President of the Apartment Association of Metro Denver where he remains active in local economic issues.


Dave Osborne, Director of Private Equity

Mr. Osborne serves as Capital Real Estate’s Director of Private Equity. His responsibilities include procurement of equity through high net worth individuals, wealth managers, and family offices. He also assists with investor relationships and fulfilling the needs of current and future investors. Previously, Mr. Osborne procured over 6.5 million square feet of agency business and negotiated leases and sales in excess of 2 million square feet during his 10 years with Cushman & Wakefield. He oversaw hundreds of transactions totaling over $1 billion in asset value during his 10 years as Director of Management Services with Grubb & Ellis and as Regional Manager with Marcus & Millichap. As Director of SV Capital, Mr. Osborne was responsible for procurement of over $100 million in equity and $200 million in debt financing. This capital has been distributed through a number of SV resort projects totaling over $1.5 billion in asset value.

Mr. Osborne is a licensed Colorado Real Estate Broker and a member of NAIOP, ULI, and NACOR. He is also involved with the Denver Chamber of Commerce Business Leaders & CEO Exchange, as well as the Mile High Unit of the American Cancer Society Board of Directors.


Jason Wine, Director of Acquisitions

Jason Wine serves Capital Real Estate as Director of Acquisitions. In this capacity he is responsible for asset acquisitions, market underwriting, transaction / due diligence management and business development. His 21-year multifamily career has given him extensive experience and a broad perspective including property management, development, investment and multi-family brokerage.

Mr. Wine came to CRE after serving as Associate Broker with an institutional sales team on a national brokerage platform. In this capacity Mr. Wine worked on a broad range of apartment sale transactions including institutional income, value-add, development equity raises, construction project / pre-lease sales, HUD and/or bond financing, broken condo deals, GP buy outs and ownership entity transfers. Total deal volume during this 7 year period was approximately $2.5 billion in investment sales and transaction management.

Jason graduated from the University of Colorado with a Bachelor’s Degree in Economics and in 2006 received a Master’s of Science from Denver University’s Real Estate and Construction Management program. Jason is a licensed Colorado Real Estate Broker and a fourth generation Colorado Native.


Patrick Macalik, Vice President of Asset Management

Patrick Macalik serves as Capital Real Estate, LLC’s Vice President of Asset Management. He works closely with CRE’s property management companies, identifying opportunities to achieve maximum financial returns for each asset. Patrick’s 17 years of experience gives him keen insight into market trends and operational strategies on a diverse range of asset types. His abilities to train and develop teams, his viable financial acumen, and his innovative marketing strategies have served him well in operational capacities. These strengths give him a distinct edge in the Denver market and make him a valuable addition to the CRE team.

Prior to joining CRE Patrick managed properties for Carmel, Alliance Residential, Echelon Property Group, Zocalo, The Pauls Corporation, and AIMCO. While at Echelon Patrick achieved one of his most notable successes. He completed a $2 million renovation and repositioning of a 280-unit community in Denver. This community was recognized at the Apartment Association of Metro Denver’s Tribute Awards, winning the award for Most Outstanding Renovated Property in 2011.

Patrick studied mechanical engineering and landscape architecture at Colorado State University.


Katie Vanderveen, Vice President of Asset Management

Katie Vanderveen joined Capital Real Estate, LLC as Vice President of Asset Management in the beginning of 2016. She brings to the role 15 years of diverse experience in property management including onsite management, multi-site management, renovations at value-add properties, condo conversions, acquisitions and due diligence, client relations, home owners association management and property accounting. She has a proven record of building strong onsite management teams and creating operational efficiencies.

Prior to joining CRE, Katie was a Regional Manager for Laramar Group overseeing a portfolio of 3000+ units in the Denver market. Her other roles with Laramar included Property Accountant and Yardi Specialist and Trainer. She started her career on-site in 2001 and has managed properties for Windsor Communities and East West Urban Management with experience in the Denver, Chicago and Houston markets.

Katie holds a Bachelor of Business Administration in Finance from Grand Valley State University in Allendale, Michigan.


Doug Andrews, Principal

Doug Andrews has worked in commercial real estate in Colorado since 1983 and has specialized in apartments and multifamily land since 1991. In the last ten years, with his partner Jeff Hawks, he has closed more than $7.4 billion in multifamily transactions, representing a list of clients that includes JPI, Equity Residential Properties Trust, AMLI Residential Trust, Blackrock, The Carmel Companies, Embrey Partners, The Morgan Group, Archstone/Smith, TIAA/CREF, Wellsford Real Properties, First Pacific, Rocky Mountain Mutual Housing, Griffis Blessing, Waterton Associates LLC, Pauls Corporation, Baron Properties, CAN Insurance, Sentinel Real Estate, Lincoln Property Company, Columbia Savings, John Hancock, Henderson Global Investors, Prudential Real Estate Investors, Goldman Sachs, RREEF, Allied Realty Services, PaineWebber Properties, Principal Insurance and Simpson Housing. Mr. Andrews has been a member of the portfolio disposition teams for Balcor/American Express ($600 million), Archstone Communities ($650 million), Mitsui Real Estate ($225 million), and Jupiter Realty Corp. ($65.5 million).

In 2005, Doug co-founded Capital Real Estate. He is also a partner in ARA Newmark’s Denver office. ARA Newmark is a full-service investment advisory brokerage firm that focuses exclusively on the multifamily industry. He was honored as the Denver Realtor’s Investment Broker of the Year in 2000 and has been the #1 multi-housing specialist in Denver for 20 of the last 21 years. Jeff and Doug have sold more Colorado apartments than any other broker in Colorado’s history.

Prior to 1991, Mr. Andrews was president of Andrews & Company, a family held commercial real estate investment and development firm with more than $30 million in assets, including apartments, office and retail properties. Mr. Andrews is a native of Denver and a graduate of The Colorado College in Colorado Springs. He is a past president of the Rotary Club of Denver Southeast, currently serves as a director on the board of the Colorado I Have A Dream Foundation and has served as president of Apartment Realty Advisors, Inc.


Jeff Hawks, Principal

Jeff Hawks is a 42-year veteran of the real estate business, specializing in apartments for the last 30+ years. In the last ten years he sold in excess of $7.4 billion in Colorado apartment properties. In 2005, Jeff co-founded Capital Real Estate. He is also a partner in ARA Newmark’s Denver office. Jeff, with his partner Doug Andrews, was selected as Denver’s top commercial real estate broker by the Denver Board of Realtors. He has been the top apartment broker in Colorado, along with his partner for the last 21 years. Jeff and Doug have sold more Colorado apartments than any other broker in Denver’s history.

Mr. Hawks is a member of the Apartment Association of Metro Denver, and the National Multi-Housing Council. He is a frequent speaker, writer and educator on the apartment market and investment strategies in the multifamily sector. Jeff has been a speaker or writer for many companies and associations, such as: National Apartment Association (NAA); Tenants in Common Association (TICA); the Multi Housing Executive Magazine; Real Estate Media; University of Denver; Apartment Association of Metro Denver; University of Colorado, MP/F Research; Trammel Crow Market Watch; Colorado Real Estate Journal; NAIOP; Appraisal Institute of Colorado; Multi-Housing World; and Units magazine.

Jeff is on the board of the Arapahoe House Foundation, a non-profit drug and alcohol counseling organization.




 
CRE professionals have been involved in the acquisition, disposition or brokerage of over $8 billion in multifamily properties.