Thank you for sharing!

Your article was successfully shared with the contacts you provided.

[IMGCAP(1)]HOUSTON-Former Equity Real Estate Investment Management Inc. executives Douglas A. Tibbetts, Gary Sligar and Paul Klick have banded together to form Tibbetts Real Estate Capital Partners, known as TRECAP. TRECAP, which has its executive headquarters in Sarasota, FL, is also joining forces with Transwestern.

Company managing principal and CEO Tibbetts says TRECAP came about from a combination of volatile markets and the desire of the three partners to climb back into an institutional advisory position. “Myself and two other partners had worked together in institutional investment management for a long time. We grew up in institutional management, it’s something we love, we’re very experienced in, and we saw all the problems that could possibly occur in this market,” he tells GlobeSt.com. “We thought it was an ideal time to get back into the business, given where the economy and financial services businesses are today.”

[IMGCAP(2)]Though TRECAP has a national reach, it needed more leverage in the local markets. This is where Transwestern came in. Though TRECAP is billed as a Transwestern affiliate, the relationship is non-exclusive. “Robert Duncan (Transwestern’s chairman) and I have been friends for years,” Tibbetts explains. “It’s a private company, highly respected and we think they’re best-in-class in the industry.”

Though Tibbetts declined to discuss specific deals, he says the times were responsible for formation of TRECAP. The current value decline in real estate, coupled with rising cap rates and almost no capital in the marketplace mean the TRECAP partners will need to provide new solutions along with their years of experience. Tibbetts says he, Klick and Sligar are ready to offer fresh ideas and a new perspective to institutions such as pension funds, corporations, wealth funds, endowments, banks, insurance company and high net-worth money managers.

[IMGCAP(3)]“We likely never would have considered forming TRECAP in 2004, 2005 or 2006, when the market was at a different phase of the cycle,” Tibbetts says. “But now fresh ideas and solutions will be necessary, and paramount, as we move forward.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.