Rhett Trees is the Founder, Chief Executive Officer and Chief Compliance Officer at Seneca Capital Partners and its affiliates.
From 2013-2017, Rhett was an Equity Partner at Caddis Capital Investments, the sponsor of Trico Fund III, an over-subscribed equity vehicle levered to $75 million. Trico III qualified as one of the Top 70 Largest Mobile Home Community Owners in the US. Caddis Capital Investments is a diversified private equity firm with a charter to own and operate income-oriented assets spanning multiple sectors including: mobile home communities, self-storage, student housing and parking assets.
During 2012, Rhett was a Principal at The True Life Companies, a diversified group of real estate companies whose primary mission was to be the premier provider of lots and land to America’s homebuilders. When he departed, the firm had $100 million invested across 15 projects.
As the COO at THE PGA TOUR CLUB from 2010-2012, he was responsible for their portfolio of luxury homes, golf courses, resorts and golf academies.
Spanning 2008-2010, Rhett was a Vice President at 1-800-PACK-RAT, the nation’s 2nd largest mobile self-storage company, where he was actively involved as an investor and a member of the senior management team that orchestrated the multi-million-dollar franchise consolidation and corresponding $92 million strategic sale to Waste Management.
From 2003-2008, Rhett was one of the first 20 employees at Exclusive Resorts where he was an instrumental sales executive as the company grew from seed-capital to a disposition event with Steve Case, the Founder of AOL. During his tenure, Rhett closed over $100 million in deals and the company grew to $1.4 billion in assets under management.
Rhett graduated from the Kelley School of Business at Indiana University with a double major in Marketing and Entrepreneurial Management. He completed the Real Estate Executive Program at Harvard Business School and finished his overseas studies at the University of London in England. Rhett sits on several for-profit and not-for-profit boards. When he’s not working, Rhett enjoys fly fishing, scuba diving, cycling, golf and spending time with his wife, Lindsey, and their 2 young children.
Paul has been a leader in commercial real estate for over 35 years with substantial experience in many US markets. His profitable accomplishments span the entire commercial real estate investment cycle including: acquisitions & capital raising; ground-up development & redevelopment of existing properties, leasing & portfolio operations optimization and dispositions across multiple product types including office, retail, industrial, multifamily, senior housing, land, self-storage and mobile home communities. Growing up, Paul worked in the family land development and construction business.
Spanning from 1981-1993 at Clark Construction, Development Resources Inc. and Radnor Corp. in Washington, DC, Paul managed the development and construction (including field supervision) of large-scale complex, mixed-use urban projects with costs in excess of $200 million. Projects included hotels, office buildings and embassies.
From 1993-1998 as AVP of Real Estate Investments and Corporate Real Estate at PMA Insurance, Paul repositioned a $70 million portfolio & relocated two headquarters buildings.
At Ernst & Young from 1998-2001 and Ascent Capital Partners from 2008-2013, Paul successfully organized and led highly effective acquisition due diligence teams for millions of square feet of office & retail and thousands of doors of multifamily units on behalf of private equity and pension funds.
While a member of NorthMarq Capital and Ascent Capital Partners from 2013-1016, Paul sourced in excess of $100 million of private placement and joint venture equity and originating debt.
Between 2007 and 2008, as President of Starr Realty, an affiliate of AIG, Paul drove portfolio value optimization efforts which increased the value of a 1.4 million square feet Colorado office and retail portfolio from $110 million to $170 million.
Paul grew up in Syracuse, NY and he was recognized for academic achievements while earning Bachelor degrees in Architecture, Structural Engineering and a Masters in Commercial Real Estate. His professional credentials have included registered Professional Engineer (Structural), licensed Real Estate Broker and FINRA securities licenses for real estate private placements (expired). In his free time, Paul enjoys alpine & backcountry skiing, hiking and spending time in the high country with his wife April and his son Daniel, a recent college graduate.