Mr. Tzelios’ responsibilities include negotiating both acquisitions and financing transactions, reviewing potential net income generation for each property being considered for inclusion in the Fund portfolio, and subsequently for overseeing the income generation and the cost structure of portfolio properties. Mr. Tzelios, as a Co-Managing Principal, is also a voting member of both the Investment and the Operations Committee.
Mr. Tzelios has extensive, cross-functional Commercial Real Estate investment and management experience and expertise having directed legal, debt, equity, asset management, and capital markets functions across a variety of projects, including new construction, redevelopment, condo conversion, net lease, distressed asset rehabilitation. Most recently, Mr. Tzelios has been running a proprietary investment business which invests in a variety of CRE portfolios.
In 2014, Mr. Tzelios co-founded and became the Chief Operating Officer of Silverpeak Real Estate Finance LLC (“SPREF”), a privately owned commercial real estate lender focused on providing financing solutions to owners of commercial real estate throughout the United States. He was responsible for real estate, finance, and internal operations as SPREF grew from a new company to one with over $2 billion of originations.
Prior to SPREF, Mr. Tzelios co-founded Full Stack Capital LLC (“FSC”) and Wythe Capital LLC where he made a variety of proprietary and client-funded CRE investments including direct purchase and management of real estate assets, acquisition of defaulted notes, acquisition and disposition of REO properties, mortgage finance, and land development. At FSC, he established and operated an out-sourced CMBS originations and underwriting platform with Barclays Bank.
From 2003-2008, Mr. Tzelios was a Managing Director and Deputy General Manager of the U.S. business of Eurohypo AG, a leading international specialist bank focused on real estate and public finance with assets of over € 225 billion. Mr. Tzelios was instrumental in the establishment of Eurohypo’s U.S. platform. He oversaw over $30 billion of successful commercial real estate financing transactions. Mr. Tzelios sat on Eurohypo’s Credit Committee, Investment Committee, and Management Committee and was responsible for strategic planning and implementation as well as the workout of the bank’s troubled asset portfolio. As Deputy General Manager he also oversaw all operational matters including portfolio management, risk management, reporting, treasury/funding, asset liability management, legal, compliance, HR, IT, and BCP.
Prior to joining Eurohypo, Mr. Tzelios was a member of GE Capital Real Estate’s specialized REIT financing practice. He joined GE in 1997 as a founding member of its Commercial Mortgage-Backed Securities practice. Prior to joining GE, Mr. Tzelios practiced law in the real estate group of Thacher Proffitt & Wood where he represented major portfolio and securitization lenders. Mr. Tzelios has a BS in Finance from Fordham University and a JD from New York University School of Law. He is a member of the Bar of the State of New York and the State of Connecticut.