Millburn & Company is a privately held real estate investment firm based in Salt Lake City, Utah.
The Millburn & Company portfolio consists of more than 7,000 multifamily units distributed across the Western United States, with a total market value in excess of $1.2 Billion.
Our strategic approach to identifying, acquiring, and managing properties has consistently generated strong cash flow and solid financial returns for our investors, while providing our residents with a great place to call home.
Our vision is to build, and responsibly operate, a sustainable real estate investment platform that creates an enduring, positive, impact in the lives of our stakeholders (residents, employees and investors), and the communities in which we live in and operate.
Jed founded Millburn & Company in 2010, and serves as a Principal and Chief Executive Officer. Jed has an extensive background in underwriting, acquiring, developing, financing and managing large multifamily properties. To date, Jed has underwritten more than 65,000 multifamily units, and has acquired over 8,000 multifamily units with an aggregate value exceeding $1.4 Billion. Since founding Millburn & Company in 2010, Jed has successfully raised over $330 Million in capital from private investors, and secured more than $850 Million in debt from a variety of national lenders. In May of 2016, Jed received the prestigious CRE (Counselor of Real Estate) designation — a rare distinction that is limited only to the most respected real estate professionals nationwide. Prior to founding M&C, Jed was a multifamily real estate broker for 11 years. As a broker, he sold more than 13,000 units totaling more than $1.3 Billion in transaction value. During his time as a broker, Jed also served as the Managing Principal of both ARA-Utah and EquiMark Multifamily. Jed graduated from Brigham Young University – Idaho in 2003 with a degree in Business, and enjoys writing, outdoor recreation, snowmobiling, team sports, fly fishing and spending time with his wife and five children.
Sage is a Principal and Chief Investment Officer for M&C. He oversees acquisitions, dispositions, property financing and asset management for the M&C portfolio. During his time with M&C, Sage has played a key role in the acquisition of over 6,000 multifamily units, with an aggregate value exceeding $1 Billion. Sage has underwritten more than 45,000 units during his career, and is an expert in multifamily operations. Prior to joining M&C, Sage was a multifamily residential broker for 8 years at ARA-Utah and Equimark Multifamily. As a broker, Sage was integral in transacting more than 7,000 units, worth a combined $700 Million. Sage graduated from the University of Utah with a degree in Business Finance, and enjoys playing basketball, golfing and spending time with his family
Rick is the Chief Financial Officer for M&C. He oversees all accounting, banking activity, and investor reporting for M&C and all its affiliated companies. With nearly 20 years of experience as a Certified Public Accountant, Rick has an extensive background in tax, accounting, finance, and reporting. Rick graduated from the University of Utah with a Masters in Accounting and began his career working for Arthur Andersen in San Francisco, CA. His primary focus was tax and accounting work for large energy and private equity investment groups headquartered in the Bay Area. Prior to joining M&C, Rick was the CFO for Ivory Homes, Utah’s largest single-family homebuilder. During his ten-year employment with Ivory, Rick oversaw all banking, audit, accounting, reporting, and structuring functions for the company along with helping to manage the construction of over 7,500 single-family homes and 2,500 apartment units. Rick enjoys mountain biking, running, reading, hiking, and spending time with his very active family.
Jake is a Principal and CFO at M&C. His primary duties include underwriting, securing new acquisitions, performing due diligence and assisting in asset management. Jake is an expert at underwriting multifamily
properties, and has underwritten over 30,000 units since joining M&C in 2013. In the Fall of 2016, Jake was recognized by Utah Business Magazine as one of the top 20 executives in the State of Utah, under the age of 30. Prior to joining M&C in 2013, Jake worked as an analyst for Thompson Michie Equities, a Salt Lake City, Utah based multifamily investment firm. During his time at Thompson Michie, Jake assisted in the acquisition of over 2,000 units and the disposition of more than 2,500 units. Jake graduated from the University of Utah with a degree in Business Finance, and enjoys snowmobiling, mountain biking, BBQ and spending time with his family.
Shelly is a Principal and Senior Advisor for M&C. He is also a member of M&C’s Advisory Board. After an adventurous career spanning more than three decades that included the creation, building and sale of three companies in the data processing and online information spaces, Shelly transitioned to full time real estate investing in 2011. Since that time he has built up holdings in numerous M&C properties. Shelly’s portfolio also includes over a dozen multi family assets in his home state of Texas. Shelly is a seasoned entrepreneur and businessman who brings an amazing background of business acumen, analytical thinking and strategic planning. Shelly’s responsibilities at M&C include deal vetting, market research, and investor relations. Shelly has a degree in Computer Science from USC and an MBA in Finance and New Ventures from MIT’s Sloan School of Management. Shelly is married with two daughters and his passions include the love for independent cinema, indulging in eclectic reading and extensive foreign travel.
Chris is a Principal and Senior Advisor for M&C. Prior to joining M&C, Chris was an active multifamily real estate investor, while serving as President and CEO of HandStands, a diversified global manufacturer of automotive and technology accessories. During his fifteen-year tenure with HandStands, Chris spearheaded the company’s entrance into the car air freshener market; and, under Chris’ leadership, HandStands attained the #1 U.S. market share position. In 2016, following more than a decade of double-digit average annual revenue growth, HandStands was acquired by Energizer Holdings, Inc. (NYSE: ENR) for $340 Million. Chris is a Summa Cum Laude Economics graduate of Westminster College, and enjoys flying, boating, snow skiing, snowmobiling and spending time with his family.
Debra Spohn serves as Senior Vice President of Asset Management. With over twenty-five years in the multi-family business, Debra brings a wealth of experience to Millburn & Company. Early in her career, she was Vice President of WLA, Inc., a California based investment firm, where she oversaw their Salt Lake City multi-family properties and office buildings. During this time, she supervised extensive capital improvements and six property condo conversions. After WLA exited the Salt Lake City market, Debra owned and operated her own boutique property management company which she sold when she joined Cottonwood Capital in 2006. During her ten-year employment with Cottonwood as Senior Vice President of Property Management, she headed the development of their in-house property management platform while the company grew from 2,000 units to approximately 35,000 units. In 2016, she was recruited by Peak Capital Partners, where she expanded the in-house property management operations platform and transitioned 10,000 units from third party management. Debra is a licensed Utah Real Estate broker, earned her CPM designation, and has won several industry awards.
Aaron is the Senior Vice President of Construction at M&C. Aaron has extensive experience working in the real estate industry. Prior to joining M&C, Aaron served as the Director of Capital Improvements for AMC, where he helped the company grow from 20,000 units to 95,000 units over 9 years. At AMC, Aaron also oversaw $75-$100 million in capital projects consisting of interior unit renovations to ground up amenity projects, oversaw insurance work of up to a $12 million loss, trained the maintenance team on everything from risk management to curb appeal, and negotiated and created national vender discounts and programs saving ownerships hundreds of thousands of dollars per year. Prior to that, Aaron served Prometheus as a Renovations Manager, there he managed capital projects and high-end interior unit renovations. Aaron enjoys being in the wilderness, motocross, fishing, hiking, mountain biking, and spending time with his family.
Kellie Bossert is an asset manager at Millburn & Company, where she oversees properties in the Southeastern United States. She has 13 years of experience in multifamily real estate, working her way up from a leasing agent to a regional manager for a top 50 property management company based in Atlanta, GA. As a regional manager, Kellie managed and was responsible for 13 properties and over 2,500+ units. Kellie has an extensive background in many facets of multifamily from multimillion-dollar renovation projects, to brand new ground-breaking lease-ups. She is an expert in onsite management, determination of market conditions, overall property assessments, due diligence, acquisitions, dispositions, budgets, forecasting, general finance, contract negotiation, maintaining and exceeding set budgeted goals, and implementation of policies and procedures. In her spare time, Kellie enjoys spending time with her husband, long-distance running, and caring for her numerous rescue animals which include cats, dogs, and horses.
Travis is a project manager on the M&C team. Prior to joining M&C, Travis worked as a Regional Maintenance Supervisor, Project Manager, and Capital Improvement Manager for over 20 years. Throughout his career, Travis has managed the renovation of several hundred units, performed due diligence and reporting, worked on Class A lease ups, trained site maintenance, and worked to mitigate damage and maximize NOI through his extensive experience in maintenance work. Travis is also a Certified Residential Home Inspector, Certified Mold Inspector, and has advanced skills in electrical, HVAC, Plumbing, and Pool/Spa Care. Travis enjoys scuba-diving, mountain biking, fishing, and spending time with his family.
Ben is an associate at M&C. His primary duties include underwriting, securing acquisitions, and performing due diligence. Prior to joining M&C Ben was a manager on the finance team at a privately-held world class ski resort. Earlier in his career, Ben worked for Deloitte & Touche in San Francisco where he served clients in the investment management, energy, retail, and nonprofit industries. Ben is a Magna Cum Laude Accounting graduate from Brigham Young University – Hawaii, and enjoys spending time with his family, cooking, snow skiing, waterskiing, hiking and surfing.
Anna is the Office Manager at M&C. She is responsible for assisting the company executives in a wide array of support services including publications, meeting coordination, accounting support, and back office management. Anna has a BS in Marketing and Finance from the University of Denver. Prior to joining M&C Anna was executive assistant and office manager for Bask Technology, a technical support company in Lehi. Previous experience includes foundation director for a hospital, real estate appraiser, and environmental consulting. Anna enjoys hiking, traveling and spending time with her husband and three children.
Deedee is the executive assistant at M&C. She is currently working on a degree in Accounting. Outside of school, Deedee has a diverse background of experience including wrestling in college, interning in Washington, D.C. with Alaskan Senator, Lisa Murkowski, working as a deckhand and bookkeeper at a premier Alaskan fishing lodge, and launching and managing an AirBnB on a historic World War II tugboat. In her free time, Deedee enjoys skiing, biking, writing, fishing and chess.
Janae is an executive assistant for asset and construction management at M&C. She is responsible for all asset management assistance, keeping up with property changes, file organization, and taking meeting notes. Janae has a BA in English Teaching from BYU and is a Certified Personal Trainer. Prior to her work at M&C, Janae was an executive assistant at Alpine Home Medical in Draper, Utah. She also taught junior high for seven years. Janae enjoys reading, writing, eating, working out, and going to the movies.
In addition to serving on M&C’s Advisory Board, Chris also serves as a Principal and Senior Advisor of the Company. Prior to joining M&C, Chris was an active multifamily real estate investor. He previously served as the President and CEO of HandStands, a diversified global manufacturer of automotive and technology accessories. During his fifteen-year tenure with HandStands, Chris spearheaded the company’s entrance into the car air freshener market; and, under Chris’ leadership, HandStands attained the #1 U.S. market share position. In 2016, following more than a decade of double-digit average annual revenue growth, HandStands was acquired by Energizer Holdings, Inc. (NYSE: ENR) for $340 Million. Chris is a Summa Cum Laude Economics graduate of Westminster College. He enjoys flying, boating, snow skiing, snowmobiling, and spending time with his family.
Andy is the managing member of Ridgewood Management, Inc., a Utah-based private equity company. His career has been focused in the fields of private equity, business education, real estate, construction, internet sales and marketing, publishing, software, telecommunications, merchant banking, furniture retail, and philanthropy. His real estate endeavors include ownership and development of multiple properties in the office, residential, raw land, industrial and multi-family sectors. Andy and his wife Julie are the parents of seven children.
Jordan is a partner at Rock Creek Capital. Jordan began his investment career in 1995 when he became the managing partner of a start-up private equity firm in Salt Lake City. He led that firm through multiple funds until 2010. Jordan has served on numerous boards of directors including Energy Solutions, 3form, Diamond Rental, Packsize, and Instashred. Earlier in his career, Jordan was a partner at a San Francisco Bay area law firm where he practiced corporate and business law advising high growth, privately held businesses. He holds a J.D. degree from the J. Reuben Clark Law School and a bachelor’s degree from Brigham Young University. He and his wife Julie are the parents of five daughters and reside in Salt Lake City, Utah.
In addition to serving on M&C’s Advisory Board, Shelly also serves as a Principal and Senior Advisor of the Company. After an adventurous career spanning more than three decades that included the creation, building, and sale of three companies in the data processing and online information spaces, Shelly transitioned full time to real estate investing in 2011. Since that time, he has built up holdings in numerous M&C properties. Shelly’s portfolio also includes over a dozen multifamily assets in his home state of Texas. Shelly is a seasoned entrepreneur and businessman who brings an amazing background of business acumen, analytical thinking, and strategic planning. Shelly’s responsibilities at M&C include deal vetting, market research, and investor relations. Shelly has a degree in Computer Science from USC and an MBA in Finance and New Ventures from MIT’s Sloan School of Management. Shelly is married with two daughters, and his passions include the love for independent cinema, indulging in eclectic reading, and extensive foreign travel.
Mark is a 45-year veteran of the commercial real estate industry. He has been actively engaged in the multifamily sector as a principal, consultant, and broker and has transacted over 70,000 units (totaling more than $6 billion) located within 38 cities in the United States. Mark’s client focus has been primarily with public and private institutional firms and private equity groups. He currently holds the prestigious CRE designation and has done so for over 24 years. He is one of the most respected multifamily experts and practitioners in the country.
Barrett is the CFO and VP of Real Estate Development for Peterson Development Company and Principal Broker for Peterson Homes. Over the years, Peterson Development has built and developed retail, office, medical clinics, apartment buildings, and residential building lots throughout the western United States. Peterson Homes has built single-family homes and townhomes in many areas of Utah in several master planned communities. Barrett holds a BA in Political Science from Duke University and Master of Real Estate Development from M.I.T.
In addition to his experience building successful businesses, Kelly brings over 12 years of real estate investment experience through his significant ownership in over 20 apartment communities across the country. He currently serves as the CEO of Solcius, a solar company he founded in 2014. Prior to Solcius, Kelly co-founded Pinnacle Securities in 2001 and served as CEO for a number of years. During Kelly’s tenure with the company, Pinnacle became the 10th largest alarm company in the nation and partnered with Golden Gate Capital, a San Francisco based private equity firm, in 2011 before selling to Protection 1 in 2013. Kelly enjoys hiking, fishing, hunting, watersports, and spending time with his wife and kids.