T-Rex Capital Group (“T-Rex”) was founded by Thomas M. Mulroy. The T-Rex investment program has sourced and invested in transactions, on a proprietary basis, encompassing over 11 million square feet with a gross asset value of over $2.5 billion. T-Rex was early-in and early-out of the cycle for telecommunications and data center assets, completing its proprietary acquisition program in June 2000. Both a savvy view of the changing dynamics of the marketplace and speed of execution are hallmarks of the T-Rex investment philosophy. T-Rex maintains it’s results-oriented approach and it is structured as a “cradle-to-grave” platform.
Additional T-Rex principles include investment, asset management, and financial professionals with extensive experience in real estate, capital markets, and banking areas. T-Rex’s extensive relationships throughout the country and the industry allow it to be scalable on a plug and play basis depending on the circumstances. The senior management of T-Rex averages over 25 years of real estate related experience. It is through the experience and expertise of the Principals and the Management Team that superior risk-adjusted returns are created for each investment.
Chairman and Chief Executive Officer, T-Rex Capital Group, LLC
Mr. Mulroy is the founder and serves as the Chief Executive Officer of T-Rex Capital Group, LLC. Mr. Mulroy has acquired and invested in over 9 million square feet in the United States since T-Rex’s inception in 1999 including over 1,300 multifamily units and has been involved in two public offerings. T-Rex merged with publicly traded Terremark in 2001. Subsequently, T-Rex undertook a reverse merger while maintaining its ownership in Terremark which sold to Verizon in 2011. Prior to founding T-Rex, Mr. Mulroy was Senior Vice President and Chief Investment Officer at Starwood Financial, Inc. (iStar NYSE: STAR) where his responsibilities included origination, structuring, and financially engineering investments in leveraged commercial real estate transactions.
Mr. Mulroy joined Starwood after serving as Senior Vice President at Lazard Frères & Co. where he was involved in the origination and structuring of mezzanine investments in real estate acquisitions and financings. Prior to joining Lazard, Mr. Mulroy worked at the Chase Manhattan Bank (currently J.P. Morgan Chase) where he was in charge of workouts and restructures involving the bank’s portfolio of real estate loans, foreclosures and bankruptcies in various stages.
Mr. Mulroy previously worked for Citicorp Investment Bank and KPMG Peat Marwick where he received his CPA. Mr. Mulroy has been a current and past member of: The Villanova University Board of Trustees, The Villanova Real Estate Advisory Council, The New York State Governors Tourism Advisory Council, Hudson Valley Economic Development Council, Pension Fund Real Estate Association (PREA), Urban Land Institute (ULI), and the International Council of Shopping Centers (ICSC). Series 7 and Series 63 licensed (inactive).
Mr. Mulroy has been a guest speaker at The NYU Real Estate School, the Villanova University Real Estate Center, and on numerous panels in the fields of risk analysis of mezzanine investments, leveraged debt investing, the telecommunications real estate industry and distressed real estate investing. After graduating from Chaminade H.S., Mr. Mulroy received a B.S. in Accounting/Computer Science from Villanova University, and an MBA in finance from New York University Stern School of Business.
Chief Operating Officer, T-Rex Capital Group, LLC
Larry Pelletier is currently Chief Operating Officer of T-Rex Capital Group LLC, having been in various roles over the past 18 years.
Larry has participated as a principal/owner in acquiring, managing and disposing of over five million square feet of commercial assets nationwide during the previous 20 years. His ownership experience includes office, retail, apartment complexes, data centers, resorts and mixed-use development projects.
Previous to his time as owner/principal, Larry operated Real Estate Solutions, Inc., a boutique consulting, brokerage and appraisal practice based in Boston and New York. During this 12-year period, he led valuation and consulting assignments of several notable assets including the World Trade Center, Mall of the Americas, Rockefeller Center and a portfolio of 20 malls in Australia.
In addition, Larry created seminars in the industry-leading financial projection and valuation software Argus, Pro-Ject, and DynaLease, training over 5,000 industry professionals globally. Larry also held positions as Acquisition Manager for Boston-based Leggat McCall Properties and as a Real Estate Syndication associate for the public accounting firm of Kenneth Leventhal & Co.
Larry holds a Master's Degree in Finance, a Bachelor's Degree in Accountancy and continues his educational pursuits in the Master's Degree in Financial Planning program at Bentley University. Larry is a licensed real estate broker in New York, Massachusetts and New Hampshire.
President of Bellefield at Historic Hyde Park Development
Larry is responsible for overseeing the day-to-day operations of the land development company that is developing Bellefield at Historic Hyde Park, a 2.1 million square foot mixed use master planned development in Hyde Park, Dutchess County, NY. Mr. Boudreau will manage all aspects of permitting, strategic planning, land use planning, road and utility infrastructure including the TR Sewer Works Corporation Bellefield’s onsite waste water treatment plant and general site operations.
Prior to Bellefield, Boudreau worked for the Chazen Companies as a principal with the firm in the role of director of land development where he managed clients and projects throughout the Hudson Valley. Larry has volunteered his time to mentor high school students in Hudson Valley working with ACE (Architecture Construction and Engineering) mentoring program and mentoring West Point Cadets on their capstone senior project.
Larry has a bachelor degree from Syracuse University, a bachelor degree in Landscape Architecture from SUNY ESF and an MBA from the University of New Haven (CT) and is a licensed professional landscape architect in New York and Georgia.
Senior Partner - T-Rex Capital Group, LLC
Mr. Jeraci is an investor and serves as a Senior Partner at T-Rex Capital Group, LLC. Since 2018, Mr. Jeraci has run his own consulting firm, West Barr Consulting, LLC, advising investment and FinTech firms and sourcing potential investments for Hedge Fund clients. He spent a brief time consulting a fund manager specializing in lending and credit card processing focused on the Food and Beverage industry. He also sits on an advisory committee for a well know fund administrator making client introductions.
Prior to that, Mr. Jeraci spent almost 20 years at MKP Capital Management, a hedge fund based in New York City. There, he was a portfolio manager in a structured credit fund and business that he co-launched. He had various other roles including Portfolio Strategist, Business Development Head and Senior Relationship Manager.
Prior to MKP, Mr. Jeraci worked at Merrill Lynch as a senior structurer, structuring mortgage-backed securities transactions for both agency and non-agency mortgages.
Prior to Merrill Lynch, Mr. Jeraci worked as an auditor at Deloitte. He earned an MBA-Finance from NYU and a B.S. Accounting degree from Villanova University.
Senior Vice President - T-Rex Capital Group, LLC
In this role, O’Connor will leverage more than a decade of experience across finance, project management and ecological design to assist the senior partners of the Bellefield team with addressing the diverse range of projects involved in this complex development. O’Connor has a deep interest in ecological community design, regenerative agriculture, and resilient regional food systems. His most recent roles focused on permaculture designs that integrate regenerative agriculture practices and permaculture principles into homes and farm businesses.
Earlier, as an Investment Banking Associate at J.P. Morgan, he participated in mergers and acquisitions, leveraged buyouts, debt financings and initial public offerings. He also was an Alternative Investment Officer for the South Carolina Retirement System Investment Commission, where he oversaw $2.5bn of committed capital across the pension’s diversified portfolio. O’Connor earned a bachelor’s degree in Business Administration from the University of South Carolina and a Master’s of Business Administration from New York University’s Leonard N. Stern School of Business. He also holds a Chartered Financial Analyst designation from the CFA Institute.
Head of Agriculture
For four decades, Annie Farrell, a farmer at heart, has been a pioneering consultant, educator and researcher known for championing contemporary and traditional land-use techniques that optimize agriculture, the environment and conservation techniques for current and future generations.
Farrell’s focus on locally sourced foods, planned farms, watershed preservation, humane livestock treatment and organic farming, as well as issues of food security and climate change, have powered numerous advances in sustainability. This includes her grassroots efforts to grow organic specialty produce for Manhattan restaurants and develop models for what have become global watershed preservation initiatives.
Farrell’s renowned expertise has been sought out by the municipal governments of Westchester County, N.Y., and Norwalk, CT, as well as the United States Department of Agriculture and the Obama White House. In addition, she has partnered to revitalize and advance the private farms of Martha Stewart, Annie Leibovitz, Chevy and Jayni Chase and Dave Matthews, among others. She has worked with Robert Kennedy Jr. on watershed preservation and halting factory farms. Additionally, Farrell created and wrote the concept plan for David Rockefeller’s Blue Hill at Stone Barns, a restaurant serving farm-driven cuisine within the Stone Barns Center for Food & Agriculture in Pocantico Hills, N.Y.
The importance of her accomplishments is recognized by New York University’s Fales Special Collection Library, which now preserves Farrell’s decades of records and files, largely through the efforts of Marion Nestle, the Paulette Goddard Professor and Professor Emerita of Nutrition of Food Studies.
Consultant – President and CEO, Hudson Valley Economic Development Corporation
Mr. Oates is the former CEO of Hudson River Ventures, a small business investment fund focused on Food & Beverage, Tourism, Hospitality, 3D Printing and Innovative Technology with investment projects located in the Hudson Valley. Previously, he was Director of Business Development for Bellefield Development Partners, where he was responsible for overseeing and managing tenant real estate needs, handling government relations, and marketing Bellefield as the premier designation for culinary companies looking to grow their businesses. Mr. Oates currently serves as President and CEO of the Hudson Valley Economic Development Corporation (HVEDC), Chairman of the Board of Directors for the Walkway Over the Hudson and sits on numerous regional boards.
Independent Third-Party Consultant
For the past three years working with T-Rex Capital Group on designing the Phase 1 site plan which will include a boutique and limited service hotel, spa, conference center, market square with food related retail and restaurants and a residential community. In 1998, he started a development company with a focus on adaptive reuse of industrial properties throughout Fairfield County, CT. Prior to starting his company, he managed a private real estate fund on behalf of institutional clients for State Street Research with total assets in excess of one billion dollars.
Mr. McCarthy currently serves as chairman of McCarthy Investments, LLC.
Mr. McCarthy retired from Marriott International in March 2014, after thirty-eight years in multiple assignments including sales and marketing, operations, and executive positions. He was also responsible for new brand acquisitions as well as organic brand growth across multiple lodging segments. He joined Hotel Development Partners (HDP) as the Chairman of the Board and a fund investor. HDP had seventeen hotels open or under development primarily in the select service category with Marriott and Hilton flags.
Mr. McCarthy’s Marriott International responsibilities culminated in the role of Chief Operations Officer where he oversaw Global Lodging Services, The Ritz Carlton Hotel Company and had reporting responsibilities for Marriott’s four continental operating divisions spanning 4,000 hotels across 20 lodging brands in 75 countries. In addition, he played a key role in the launch and oversight of Edition, a luxury lifestyle brand with over 25 locations open and under development. He worked closely with creator Ian Schrager in this endeavor.
Prior to the COO role, he served as Group President of the Americas with oversight of more than 3,000 hotels and 120,000 associates. In addition, his Global Lodging Services role encompassed many of the staff oversight functions and strategies in sales, revenue management, marketing, brand management, operations, architecture and construction, and information services.
Mr. McCarthy has also taken a lead role in numerous investments since his departure as COO of Marriott. He was an investor and board member at Meeting Play, a technology company serving the hospitality industry. Further, he is a partner and an advisor in a one million square foot mixed use development, Armature Works, in the NoMa District, Washington DC. The multi-use project includes Hotel, Condominiums, Apartments and Retail components.
Mr. McCarthy is a board member at RLJ Lodging Trust, a publicly traded real estate investment trust (RLJ-NYSE) where he also serves on the nominating, corporate governance and audit committees. He holds a bachelor’s degree in Business Administration from Villanova University.
Principal, CMS Architecture & Design, P.C.
CMS Architecture & Design, PC. is a full-service architectural and interior design firm specializing in Hospitality and Restaurant design founded in 1993 by Christopher Smith. Mr. Smith is a registered architect in the states of Florida and New York and his company has worked throughout the United States, the Caribbean and Japan on many residential, hospitality, restaurant and entertainment projects. A graduate of Syracuse University, Mr. Smith entered the field as a residential designer with his partner, furniture designer Kevin Walz. Several years later, he entered the Rockwell Group as a designer and project manager. During his time as the design director for the Rockwell Group, Mr. Smith lead a boutique studio team of four designers and architects on notable projects such as Nobu, New York, and several Planet Hollywood restaurants.
Land Use & Zoning Attorney, Partner, Cuddy & Feder, LLP Attorneys at Law
Jennifer is a partner at the firm of Cuddy & Feder, and one of the firm’s three LEED ® AP attorneys. Jennifer has practiced land use law in the Mid-Hudson Valley for more than 25 years and co-manages the firm’s Hudson Valley office. She works with professional project teams on projects targeting high-performance energy and sustainability goals. Her clients include a broad range of applicants for land use and energy permits, including residential, commercial, and industrial developers, utilities, and non-profits, on whose behalf she regularly appears before planning boards, town/city/village boards, zoning boards and other permitting boards and agencies. She lectures widely on land development and environmental issues and frequently participates as an instructor in training programs for local legislative, zoning, and planning board members.
Anthony R. Coscia, Partner & James J. Thomas, Partner
Windels Marx is a full-service law firm headquartered in New York City, with offices in New Brunswick and Madison, New Jersey, and Stamford, Connecticut. The Firm has approximately 135 attorneys and provides services in more than 20 practice areas, the largest of which by volume of business are financial transactions, real estate, litigation, and bankruptcy. The Firm serves in excess of 8,000 domestic and foreign clients, including banks and finance companies, insurance companies, manufacturers, non-profit entities, and government sponsored enterprises. Industry benchmarking surveys such as the New York Law Journal’s “NYLJ 100: Largest Private Law Offices,” Best Lawyers, Best Law Firms, Forbes Legal Black Book, NJBiz’s “Top Law Firms in New Jersey,” SuperLawyers and many others have acknowledged our firm and lawyers for our practice size, depth and breadth.
PKF O’Connor Davies, LLP is a full-service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, nine offices in New York, New Jersey, Connecticut and Maryland, and more than 700 professionals, the Firm provides a complete range of accounting, auditing, tax and management advisory services. PKF O’Connor Davies is ranked 28th on Accounting Today’s 2017 “Top 100 Firms” list and is recognized as one of the “Top 10 Fastest-Growing Firms.” PKF O’Connor Davies is also recognized as a “Leader in Audit and Accounting” and is ranked among the “Top Firms in the Mid-Atlantic,” by Accounting Today. In 2017, PKF O'Connor Davies was named one of the 50 best accounting employers to work for in North America, by Vault.
PKF O’Connor Davies is the lead North American representative in PKF International, a global network of legally independent accounting and advisory firms located in over 400 locations, in 150 countries around the world.
President & CEO, Focus Media, Inc.
Josh Sommers founded Focus Media, Inc. in 2002, now the most prominent advertising and public relations firm in the Hudson Valley (HV BIZ and PR WEEK). His firm is a multi-faceted communications organization specializing in marketing, business and sales strategy, advertising, public relations, crisis communications, market research, design, search engine marketing and web development. Sommers has assembled the most seasoned communications team in the history of the region, including award-winning marketing, public relations and digital professionals who previously held senior level roles at Fortune 500 companies.
