From 2009 to 2013, there was a real arbitrage opportunity. Ian Ross, founder and managing principal of Somera Road Inc. Somera, a New York commercial real estate investment firm, now owns PPL Plaza. While at Broadwest, he also worked closely with office tenants, designers, and contractors to complete multiple tenant improvement projects. Its our baby, Ross said. In 2009, Ian founded The Aspergers Awareness Council, a 501(c)(3) nonprofit organization that strives to improve the worlds understanding of high-functioning forms of Autism. ), His guys hustle, said the global hedge fund manager. I dont think a lot of developers have seen that opportunity that exists, especially with the smaller assets., Ross seemingly amazes those who transact with him. Prior to joining SomeraRoad, Tomaso was an Associate at a stealth-mode real estate and tech start-up that focuses on acquiring and developing underutilized properties for manufacturing facilities and e-commerce distribution sites. While at Eastdil, Ian worked on over $5 billion in debt and equity transactions across all asset classes. Somera Road garnered headlines in mid-March when it announced it had offered a $17 million property purchase and leaseback package as an alternative to the Watkins College of Art and Belmont University merger announced in late January (read here). He is known for playing Boone Carlyle in the TV drama Lost, Damon Salvatore in The CW 's supernatural drama The Vampire Diaries, and Dr. Luther Swann in Netflix 's sci-fi horror series V Wars . A few months later in the spring, Ross was approached by Billy Orgel and his son Benjamin Memphis natives and community staples who wanted to get involved, eventually taking a minority stake in the property and injecting Downtown development expertise and much-needed local backing. The firm has found a sweet spot in being sub-institutional, but Ross and Somera have to make up for that in volume, which theyve proved is no issue, according to sources who spoke to CO. His deal standards are so high, the global hedge fund manager said, highlighting that Ross aims for a 25 to 30 internal rate of return (IRR). Alex received a B.B.A in Finance and Real Estate from the Terry College of Business at the University of Georgia and resides in Nashville. (Somera was named as one of Inc. Magazines Best Workplaces 2019. Click here to learn more about PayIts move to Lightwell or here for details on BacklotCars offices. Ian Ross founded SomeraRoad Inc. in 2016 to take an entrepreneurial and creative approach to value-add, opportunistic real estate in growing secondary markets. Andrew is a Partner at SomeraRoad, overseeing all aspects of the firms ground-up development platform with a current pipeline of multifamily projects, in excess of $1.5 billion in total cost. Fergus works closely with financial partners to ensure each deals risk/return profile and business plan are aligned, and he is instrumental in charting the firms investment decisions and strategic initiatives. Born and raised in the Sunshine State, Andrew currently lives in Nashville, TN with his wife and daughter. While her practice was diverse, she has significant experience representing real estate developers in all phases of the development process, from assemblage and approvals to the implementation of complex debt, equity and ground lease financing to fund vertical construction. He lives in Kansas City with his wife, daughter, and son. news@startlandnews.com, Reimagined Lightwell ready to take innovation hub mantle as KCs tech talent return to the office, A lot of people will talk about productivity in a remote work environment being acceptable and, in some cases, being on par with productivity in the office environment. Coreless Stretch Film; Pre-Stretch Film; Hand Roll; Machine Roll; Jumbo Roll; Industrial Plastic Division. Prior to joining SomeraRoad, Chris was the Marketing Director for Empire Stores in Dumbo, Brooklyn. Prior to Olivers Realty Group, Mark worked at the NYC-based developer The Hudson Companies and consulted at Ernst & Young. He also worked at Toll Brothers, Inc. and Ashley Development earlier in his career. Alex is a Senior Analyst at SomeraRoad, focused on acquisitions and asset management. He previously served on Manhattans Community Board Five. Cleveland is ushering in a new set of landlords as improving market conditions attract out-of-state investors. Key Principal: Ian Ross See more contacts Industry: Realty investment trusts. Martin Stroble is Vice President and Head of Construction for SomeraRoad, helping oversee all aspects of SomeraRoads ground-up construction projects. Cassandra received a B.S. Chris Valencia is an analyst at SomeraRoad focused on asset management. Next to the framed Commercial Appeal news clips is a Gibson guitar that Ross was gifted by his team following the closing of the FedEx deal. Andrew has over 15 years of experience in development. Somera Roads Nashville portfolio includes the Voorhees/Downtown Antique Mall site on Eighth Avenue South in The Gulch (read here), WeHo Crossing (read here) in Wedgewood-Houston, 501 Great Circle Road in MetroCenter (home to Nashville-based JumpCrew; read here) and PINS Mechanical Co. in the North Gulch. And that drives serious burnout. John began his career as an analyst at Starwood Property Trust, where he contributed to their investments, loan workouts asset and portfolio management teams. Pittsburgh, PA 15203 Prior to joining SomeraRoad, Anne was a Senior Tax Associate at EisnerAmper, a mid-size public accounting firm. The month that Ross bought the Gibson facility, the Orgels were wrapping up a conversion of the historic 19th century Tennessee Brewery in the citys South Bluffs neighborhood located just Southwest of Downtown, overlooking the Mississippi River into a $42 million, mixed-use complex complete with multifamily rentals, office and retail space and a parking garage. Andrew previously helped build RXR Realty's development platform, overseeing the construction of 1,400+ residential units totaling more than $700 million of value during his tenure. At Advent Capital Partners, Pat was responsible for project due diligence, underwriting, and development within the firms ground-up and acquisition platforms in the greater Nashville area. The building has also become the headquarters for govtech scaleup PayIt and newly exited BacklotCars another sign of Lightwells place as the citys first, fully-realized innovation district, added Ian Ross, founder and managing principal of SomeraRoad. She works alongside the construction and development teams and is responsible for reconciling job cost budgets, reviewing construction pay applications, and preparing loan draw documents. Martin holds a BS and MS in Civil Engineering from Mississippi State University and an MBA with concentration in Finance from the Kenan-Flagler Business School at the University of North Carolina. The spelling Ian is an Anglicization of the Scottish Gaelic forename Iain. from Western Kentucky University where she double majored in Theatre and Dance. Ian received a B.A. Weve worked on this for years. Ian Ross founded SomeraRoad in 2016, bringing a fresh, entrepreneurial approach to opportunistic real estate in growing secondary cities across the country. He brings a wide breadth of experience to the table, having led the execution of complex projects across a variety of market sectors such as office, multifamily, hospitality, historic adaptive reuse, healthcare, retail, and educational facilities. Josh received his B.S. His approach to how he finds assets and the ways hes gone about doing it has been a very overlooked strategy by most, said Matthew Philip, the head of commercial lending at Bayview Asset Management. He has found a happy medium living under the realm of a major institutional investor but above the fray of a single-family office. John graduated from the Wharton School of Business at University of Pennsylvania with a B.S. Click here to find personal data about Ian Ross including phone numbers, addresses, directorships, electoral roll information, related property prices and other useful information. A native of Music City, Pat received a B.S. Each element plays its part in a larger experience, Bataineh said, adding that for SomeraRoad, Lightwells potential has not only been realized: its barely scratched the newly-reconstructed surface. He is responsible for up keeping the creative vision of developments in alignment with overall real estate investment goals. What the tech scene in Kansas City doesnt already have is a really modern, forward-thinking home and a landscape for [startups] to excel. Its awesome [to be nearing the finish line. After some hesitation on the part of Smith to go forward with the plan, they picked it back up in December 2018 and havent looked back. Prior to joining SomeraRoad, Carly worked as an Executive Assistant at Abramson Brothers in New York, a commercial real estate investment firm, where she supported a team that managed a portfolio of office properties. Allison Dickson is the Development Accountant at SomeraRoad. Prior to joining SomeraRoad, Amit worked at Bayview Asset Management where he oversaw capital markets activity for the Commercial Real Estate Mortgage Originations group, including pricing, structuring, and securitizing new origination CMBS loans. from New York University School of Law and a B.A. newyork@someraroadinc.com, 718 Division Street We might have a $1.8 million deal or a $108 million deal.. indianapolis@someraroadinc.com, 1215 Union Ave Amit is a Director of Debt Strategies at SomeraRoad, leading the firms capital markets activities and distressed debt investments. Originally hailing from San Diego, Jon and his wife Amanda now reside in Nashville, TN. Billy Orgel is the CEO and president of Tower Ventures, which develops wireless communications structures, and he sits on the Shelby County School board. Previously, Joe worked with DC-based developer Douglas Development Corp. Joe earned a Masters in Real Estate Development from Georgetown University and a B.S. While at Eastdil, Alex worked on over $7 billion of industrial, retail, office, and land transactions, with a focus on the Southeast. SomeraRoad Inc. could not be more proud to share the exciting news that three of our tenant partners have been nominated as semifinalists by The James Beard Throughout his career at AR Global, Brian sourced and closed over $3.5 billion in total real estate transactions. Prior to joining SomeraRoad, Mark was a Project Manager for Southern Land Company, a full-service real estate development firm based in Nashville, TN. Prior to joining the SomeraRoad team, Gabriella worked at Prologis as an Administrative Assistant and Property Coordinator in the East Rutherford office. As the freshly renovated 657,070-square-foot building welcomes workers from startups and firms, large and small many for the first time in over a year theyre met with such newly finished features as a mid-century modern tenants lounge featuring bright pops of color, drinks on tap, a pool table from the famed St. Louis Playboy Club and an abundance of classroom, conference and event space. It was kind of bringing the mountain to Muhammad, so to speak, in terms of where the talent is, so I was very interested in this.. You wouldnt learn his kind of commercialism at a bank, the global hedge fund manager said. While there, he oversaw a structural engineering team in the design and construction of concrete and steel frame high-rise projects. Shannon is an Executive Assistant/Office Manager at SomeraRoad. At Jamestown, she was responsible for project due diligence, underwriting, reporting, lease analysis, and capital markets initiatives. 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