Oakmont invests its capital exclusively in the industrial sector focusing on the development of high quality, Class A bulk distribution industrial product and the acquisition of value-add investments and income producing, core properties.
Oakmont targets well-located, functional assets in top-tier markets. Leveraging Oakmont’s experienced management team, the investment strategy is centered on major population centers and logistics hubs, investing in projects with both scale and geographic diversity. Key market criteria include high tenant velocity, strong growth characteristics, supply-constrained submarkets, and proven institutional demand upon exit. Drawing on Oakmont’s valuable experience at the Ports of Los Angeles/Long Beach, Savannah, Jacksonville and New Jersey, the firm also considers investments near deepwater port markets on an opportunistic basis.
Oakmont designs its projects for long-term ownership by incorporating the latest technology in building design and systems. Oakmont's philosophy is to develop properties designed to maximize returns over a long-term investment horizon. The Company's developments are intended to be fully functional for second, third and fourth generation tenants. Building features such as 30' plus clear heights, cross-dock loading capabilities, ESFR sprinkler systems, full concrete truck courts, and trailer storage capacity are now commonplace in "jumbo" industrial buildings (facilities of 500,000 or more square feet). Oakmont is unique in providing many of these features in the 100,000 to 500,000 square foot range in which the Company has focused much of its development effort.
- Tom Cobb
- Senior Vice President, Development
President and Managing Partner
Mr. Rider has 28 years of experience in the real estate sector. Under the leadership of Mr. Rider and fellow Managing Partner, Steve Nelsen, Oakmont has developed and acquired 57 industrial buildings totaling 10 million square feet in Georgia, Florida, Texas and California. Prior to forming Oakmont in 1996, Mr. Rider was responsible for acquisitions and dispositions on a national basis for Security Capital Industrial Trust (now ProLogis Trust). Prior to joining Security Capital, Mr. Rider was with JMB Institutional Realty Corporation in Chicago. Prior thereto, Mr. Rider was based in Los Angeles with two industrial development firms, Hewson Company and Paragon Group. During his career, Mr. Rider has developed key relationships within the real estate industry on a national basis and has been involved in the acquisition and development of 25 million square feet of industrial product in eight states across the country. Mr. Rider received his B.B.A. in Finance from Texas A&M University.
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Executive Vice President and Managing Partner
Mr. Nelsen has over 30 years of experience in the real estate and finance sectors. Prior to joining Oakmont as a partner in 1999, Mr. Nelsen served as Vice President and Member of the Executive Committee for Noro Realty Advisors, Inc., a privately held Dutch real estate investment company. During his 12-year tenure with Noro, Mr. Nelsen was responsible for all aspects of real estate transactions, including acquisitions, dispositions, finance and asset management. Prior to Noro, Mr. Nelsen spent seven years with Price Waterhouse as a Senior Tax Manager responsible for comprehensive tax planning for corporate and real estate clients. Mr. Nelsen has a B.A. degree in Economics from Wheaton College, a Master of Accounting degree from Florida State University and a Master of Taxation from the University of Denver.
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Executive VP and Regional Partner, Southern California
As manager of the firm's Irvine, California office, Mr. Howard has 26 years of experience within the industrial real estate sector. Prior to joining Oakmont in 2003, Mr. Howard was a partner with Houston-based Pinchal & Company, where his responsibilities included the successful acquisition and disposition of a 3.8 million-square-foot, east-coast industrial portfolio. Prior thereto, Mr. Howard spent five years as Vice President of Development with Trammell Crow Company, focused exclusively on industrial development within the LA basin. Included on his resume at Crow was the development of a highly complex, yet successful, multi-phase park in Santa Fe Springs, CA. In addition, Mr. Howard also has valuable experience within the Southern California brokerage industry. During a 13-year tenure with Grubb & Ellis and Cushman & Wakefield, he developed key relationships within this highly competitive sector. He earned a B.A. degree (double major) in International Relations and Business from the University of Southern California and is a licensed Real Estate Broker in California, Texas and Georgia.
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Senior Vice President, Development
With over 31 years of experience in the real estate development and construction industries, Mr. Cobb has primary responsibility for the firm’s due diligence, development and entitlement functions. Mr. Cobb is a LEED Accredited Professional and has overall responsibility for Oakmont’s national sustainability practice. Prior to joining Oakmont in 1999, Mr. Cobb spent four years as Vice President/Senior Development Manager for Homestead Village, a subsidiary of Security Capital Group, where he provided due diligence, development and construction management services for extended stay hotels throughout the Eastern seaboard. Prior to his tenure with Homestead Village, Mr. Cobb was Development Manager for Taylor & Mathis and a partner with McDonald Development Company. During his tenure with these two Atlanta-based firms, Mr. Cobb was directly responsible for master planning and developing over 1,100 acres of industrial land and 1.8 million square feet of office and industrial space. Mr. Cobb also has eight years in the construction industry with two major general contracting firms. He received a B.S. in Building Construction from the Georgia Institute of Technology.
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Michael R. Johnson LEED AP
Based in Irvine, California, Mr. Johnson has over 18 years of experience in the real estate development and construction industry in California. Mr. Johnson manages development and construction projects for Oakmont as well as the firm's entitlement efforts in Southern California. Prior to joining Oakmont, Mr. Johnson was Development Manager for Inland Empire/West with Panattoni Development Company, where his accomplishments included the successful development of 48 industrial buildings totaling 5.7 million square feet in the cities of Ontario, Rancho Cucamonga, Chino, Fontana, Riverside, Mira Loma, Rialto, Simi Valley and Valencia. At the time of his departure from Panattoni, Mr. Johnson had 24 buildings under construction and an additional 44 buildings in the planning stages throughout the LA Basin. Previously, Mr. Johnson was Construction Manager with Insignia, responsible for the oversight/coordination of tenant improvement projects on the firm's SoCal developments. Mr. Johnson's resumé also includes ten years of direct experience in the California construction industry. He earned a B.S. in Construction Engineering Management from California State University Long Beach and is a LEED accredited professional.
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Vice President, Finance
Mr. Posel brings 16 years of experience in accounting, finance and real estate to the Oakmont team. Mr. Posel is responsible for managing the firm’s treasury and financial reporting functions. In addition, Mr. Posel shares responsibility for Oakmont’s lender relationships and has responsibility for executing the financing and closing of all of Oakmont's new investments. Prior to joining Oakmont in 2005, Mr. Posel was Senior Manager of Financial Reporting for MicroStrategy, a publicly traded software company in Washington, D.C., where he was responsible for SEC reporting, forecasting and planning, and cash management. Prior to MicroStrategy, Mr. Posel spent five years with Arthur Andersen and PricewaterhouseCoopers, most recently as Business Advisory Services Manager, working with clients in the real estate, software and financial services industries. Mr. Posel has experience with both public and private real estate companies working on numerous transactions, including initial public offerings for REITs, business combinations and due diligence for client acquisitions. Mr. Posel is a licensed CPA and earned a B.B.A. in Accounting from the University of Texas at Austin.
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Mrs. Kaigler has been with Oakmont since 2005. Her responsibilities with the company include overseeing all aspects of property management and assisting with the firm's leasing assignments, tenant renewals, and construction management. Mrs. Kaigler earned a B.A. in French and Sociology from Furman University.
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James H. Stainback, Jr.
Mr. Stainback has over 24 years of experience in the building industry and adds a unique perspective to the Oakmont team with his background in commercial architecture. Mr. Stainback has extensive experience in all phases of design and design management of engineering disciplines. Since transitioning from architecture to commercial real estate development in 1999, Mr. Stainback has successfully managed approximately $550 million in commercial development and construction. His experience ranges across multiple product types, including industrial, hospitality, high-rise residential, office and educational projects. Prior to joining Oakmont, Mr. Stainback spent six years as Vice President Design and Construction for Republic Property Company, an industrial real estate development firm, and spent 13 years with Smallwood, Reynolds, Stewart and Stewart, an Atlanta-based architecture firm. Mr. Stainback holds a B.S. degree in Architecture from the Georgia Institute of Technology.
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Mr. Quesinberry is responsible for providing analytical support for all of Oakmont&rsquot;s investment and asset management activities, including the development of interactive financial models and validation of key investment assumptions. He also assists in development activities such as site layouts, building design, securing entitlements, and construction management. Prior to joining Oakmont, Mr. Quesinberry was a management consultant with IBM where he managed engagement teams on business optimization projects with Fortune 500 clients. Mr. Quesinberry received a B.S. degree in Electrical Engineering from Tulane University and an MBA from the Goizueta Business School at Emory University
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Ryan J. Hill
Mr. Hill is based in Oakmont’s Irvine, California office and manages development, construction and TI projects for Oakmont. Mr. Hill also assists with the firm’s entitlement, property management and customer/tenant relationships in Southern California. Mr. Hill is a LEED Accredited Professional and he has responsibility for Oakmont’s sustainability practice on the West Coast. Mr. Hill recently completed a two building project totaling 572,143 SF in the Inland Empire that is expected to earn Gold LEED Certification. Prior to joining Oakmont, Mr. Hill was a Cost Segregation Specialist with Moss Adams LLP, where he provided estimating and valuation services relating to tax depreciation for office and industrial structures. Prior thereto, Mr. Hill was a Junior Estimator with Oltmans Construction Company, where he performed bid analysis and concrete estimating. During his tenure with Oltmans, one of the premier tilt-wall contractors in Southern California, Mr. Hill gained valuable experience working with numerous subcontractors throughout the region. Mr. Hill received a B.S. in Industrial Technology from California Polytechnic State University, San Luis Obispo.
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C. Todd Parker
Vice President, Investments
Mr. Parker has over 15 years of business experience including 11 years in the office and industrial real estate sectors preceded by stints in investment banking and commercial insurance. He has had direct involvement in real estate transactions representing approximately $470 million. Prior to joining Oakmont in 2006, Mr. Parker spent over six years with Duke Realty Corporation where he held a number of roles in financial analysis, leasing and development. Mr. Parker holds a Master of Business Administration degree in Finance and Real Estate from Emory University and graduated summa cum laude with a Bachelor of Science degree in Finance from Tulane University.
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Brian T. Torp
Mr. Torp is responsible for the financial underwriting for all of Oakmont’s Southern California investment activities. Mr. Torp’s duties include developing and maintaining analytical models for both development and acquisition opportunities. Mr. Torp is also responsible for the preparation of all the Southern California offices’ investment memoranda and capital partner reporting requirements. Prior to joining Oakmont in 2008, Mr. Torp was a Mechanical Engineer with Meggitt Defense Systems, Inc. where he generated failure rate predictions and modeled failure modes for various types of mechanical systems. Mr. Torp received a BS degree in Mechanical Engineering from Western New England College.
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Executive Vice President and Regional Partner Northeast
As manager of Oakmont’s Cranbury, New Jersey office, Mr. Nachamkin has 25 years of experience in the industrial real estate sector and is responsible for Oakmont’s expansion in the northeastern U.S. and Canada. Target markets within the region include Northern Virginia, Baltimore/Washington Corridor, Central and Eastern Pennsylvania, Northern and Central New Jersey and the Greater Toronto area. Prior to joining Oakmont, Mr. Nachamkin served as the Regional Director for the northeastern U.S. and Canada with ProLogis, where his responsibilities included oversight of all development and acquisition activity within the region. Prior thereto, Mr. Nachamkin co-founded Whitehall Industrial Properties, LLC, an affiliate of Goldman, Sachs & Co., and served as its President for six years, successfully investing in value-added industrial properties in the Northeast. Prior to his affiliation with ProLogis and Whitehall/Goldman, Mr. Nachamkin was a top industrial broker for 12 years in Cushman & Wakefield’s New Jersey office. Mr. Nachamkin earned a B.A. degree from Ohio University. He was previously a Board Member of Nations Port, and participated in the Zell Lurie Real Estate Institute Mentor Program (Wharton). He is active in NAIOP, IOREBA and SIOR, and is a licensed Real Estate Broker in the State of New Jersey.
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In 2011, Oakmont Industrial Group formed an entity–level investment partnership with Washington, D.C.–based The Carlyle Group to focus on acquiring and developing industrial real estate assets located in key U.S distribution markets.
The Carlyle Group is a global alternative asset manager with more than $157 billion in assets under management across 101 funds and 64 fund of funds vehicles. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world's largest and most successful investment firms, with more than 1,300 professionals operating in 32 offices in North America, South America, Europe, the Middle East, North Africa, Sub-Saharan Africa, Japan, Asia and Australia.
The Carlyle Group – Website
- Exceptional clear heights (28'-36'): Increased cubic storage capacity to meet the needs of sophisticated racking and product retrieval systems.
- Upgraded floor slabs: Typical floor slabs include stone subbase, vapor barriers, reinforced control and construction joints, 6" to 7" thickness, FF-50 and FL-35 flatness and levelness and Ashford Formula hardener/sealer.
- Generous truck courts with expanded trailer storage capacity: Larger truck courts make it easy for tenants to manage a high volume of truck traffic. Oakmont is making provisions for extensive trailer storage capacity and generally provides full concrete truck courts.
- Optimum column spacing: Column spacing from 50' to 54' depending on anticipated storage height and optimum racking layout. Loading/Staging bays with depths of up to 60'.
- Ample dock doors and flexible loading capacity: Cross-dock (flow through) facilities along with more traditional front and rear load buildings.
- Architectural tilt-wall construction: Designed to convey a consistent brand identity for Oakmont. Brick or masonry facades are added as appropriate for each sub market.
- Upgraded sprinkler systems: Early suppression fast response ("ESFR") systems are designed to meet FM data sheet 2-2 requirements. ESFR systems actually suppress a fire without the need for in-rack sprinklers and thus provides tenants with greater flexibility in storage/racking at lower insurance rates than conventional sprinkler systems and at a lower tenant improvement cost.
- Expanded car-parking ratios: Increasingly, tenants are electing to combine data/call back center and back-office requirements in their distribution centers, resulting in expanded parking requirements.
- Build brand identity and loyalty by using similar architectural features: Oakmont's development projects are each constructed with similar but unique architectural features that enable the Company to establish brand appeal and recognition within the marketplace. Constructing high quality facilities with a standard look enables tenants, brokers, consultants and investors to distinguish Oakmont's product on a local, regional and national basis.
- Sustainability: Sustainable building practices and improvements, including LEED certification.
Third Party Property Management
Oakmont's extensive background as an institutional property owner and operator along with its experienced management team enables the Company to maximize value for its third party clients. Oakmont achieves this through value engineering on maintenance and capital improvement issues, providing accurate and timely financial reporting, and fully utilizing market knowledge in pricing leases and expansions. Oakmont places special emphasis on tenant relations, providing responsive, professional service while always staying attentive to tenant needs. The Company understands that tenant retention is critical to its goal of providing long-term value to the landlord.
Oakmont currently manages over 8 million square feet of industrial product. Oakmont has provided comprehensive property management and financial reporting services to multiple institutional investors, including RREEF, USAA Real Estate Company, Prudential Insurance Company of America, Alexander & Baldwin, and TA Realty.