In February 2009, Douglas A. Tibbetts, Gary Sligar and PaulKlick formedTrecap Partners to provide advisory services to a realestate industry that was reeling from declining values and frozencredit markets. At the time, Trecap Partners teamed withTranswestern for on-the-ground assistants with assets in variousmarkets.

Now Tibbetts tells GlobeSt.com that the partnership with HuntCos. is positive for the capital that the latter can provide, aswell as Hunt Cos.' expertise in real estate investment anddevelopment. "Hunt has built its business through public-privatepartnerships, generally through investments with the Department ofDefense in building military housing throughout the country,"Tibbetts explains. "They know real estate; they want to seek outopportunities, and their entrusting us to find thoseopportunities."

Hunt Cos.' support services are also important to TrecapPartners' strategy, Tibbetts continues. "They provide all the humanresources and information technology for us; as well as strong backoffice support," Tibbetts adds.