James A. Morse
Mr. Morse is a builder and real estate developer with over 40 years of experience. Mr. Morse began investing in real estate after an honorable discharge from the United States Air Force in 1973. That same year he began to study for a BA in real estate finance/ construction, completing his degree in 1976.
In 1975, Mr. Morse joined the U.S. Postal Service, walking a postal route in the Sugarhouse neighborhood of Salt Lake City. Based on relationships he formed delivering the mail, Mr. Morse purchased 18 homes, all on a contract basis. His investment activity earned him the nickname "The Million Dollar Mailman". In 1997, his story was told in the book Rich Dad Poor Dad by Robert Kiyosaki.
On a hunch in 1985, Mr. Morse began developing a large parcel of agricultural land south of Salt Lake City. He built two Class A office towers and a 4-star hotel. His work attracted significant capital to the area and spurred the development of a major new residential and business area. In subsequent years, Mr. Morse also conceived of and developed the Southtown Fitness Center, a health and wellness center, as well as numerous residential and retail developments in Utah and elsewhere in the Intermountain West.
In 1998, Mr. Morse purchased and funded a non-profit convalescence center for heart and other organ transplant recipients. He named it Common Thread, from his belief that a common thread of kindness links all humanity. The Center operated for 15 years and served over 6,000 transplant recipients.
Mr. Morse has worked extensively with Native American communities to create college scholarships for youth and diabetes treatment programs.
Advisors
Lone Peak Team
Brandon Fugal
Mr. Fugal advises the Lone Peak management team on real estate market conditions, investment opportunities, and related matters. Mr. Fugal is a prominent business leader, recently recognized as the no. 1 agent globally with Coldwell Banker Commercial. As co-founder and principal owner of the regional offices of Coldwell Banker Commercial Advisors, his leadership has been critical to his firm being recognized for 11 years in a row as the no. 1 office internationally for the brand (out of 220 offices), where he serves as Chairman.
He was named CCIM 2013 Utah Office Broker of the Year for the second year in a row. During the past 12 months alone, Fugal leased over 1 million square feet, negotiating 90 office lease transactions (in addition to numerous building and land sale transactions). As the only agent to truly bridge and dominate the office market in every county along the Wasatch Front, Fugal has developed unmatched market intelligence—delivering bottom line results for hundreds of clients and closing transactions valued in the billions.
Fugal has developed a sterling reputation as a trusted advisor and business infrastructure expert on a national, regional, and localized basis. Recognized as an authority in business, Fugal has been interviewed and featured in the Wall Street Journal, Money Magazine, Real Estate Forum, Commercial Property News, Real Estate Executive Magazine and Utah Business. He was featured recently as one of Real Estate Forum’s Top 40 under 40, and a Top National Dealmaker. In the past, Fugal was recognized as the “King of Commercial” by Real Estate Executive Magazine. Utah Business has recognized Fugal as one of the 100 Most Influential in Utah.
Prominent transactions have included the sale of Cottonwood Corporate Center for $110 million to CalPERS, Pleasant Grove I-15 Interchange (140 acre master planned development), Thanksgiving Point commercial development (120 acre master planned development), Station Park (1 Million square-foot Transit Oriented Development at I-15 in Farmington), Traverse Mountain (117 acre, 2 Million square-foot master planned commercial center) and the landmark RiverPark Corporate Center, totaling over 1.7 million square feet on 120 acres—Utah’s largest corporate park. Clients have included companies such as Energy Solutions, Charles Schwab, Northwestern Mutual Life, H&R Block, Fusion-io, Novell, Ancestry.com, EDS (now HP), Franklin Covey, RC Willey, AtTask, Nature’s Sunshine, Verisk Analytics, and Xactware.
Management Team
We are a partnership of professionals with broad experience in equity and debt finance. Our partners come from backgrounds in commercial banking, Wall Street private equity, international trade finance, and private placement.
We are also real estate entrepreneurs. We value people who work hard to add value to the world and build something new. We would like to help your project get the funding it needs without giving away all the financial rewards you are working so hard to create.
We bring a full array of capital markets knowledge to help you identify and secure the optimum capital solutions for your projects.
Commercial Real Estate Investment & Development
Rees U. Jensen
Mr. Jensen received his bachelor's degree from the University of Utah, and his MBA degree from the Stanford University Graduate School of Business.
Mr. Jensen has consulted with Fortune 500 companies worldwide. He was a management consultant with Deloitte Consulting in San Francisco, CA. He has extensive experience in strategy, operations, and technology consulting with companies such as Hewlett-Packard, Microsoft, Intel, Apple, and Sun Microsystems. He was a member of the pre-merger “clean team” for the HP – Compaq merger.
Mr. Jensen has served in executive management positions in multiple startup companies in professional and financial services. He served as CEO for Compliance Management & Insight, a professional services firm focused on corporate governance compliance for privately held business entities.
Mr. Jensen has also worked extensively in raising private capital for project finance and international trade. He was a co-founder of Citius Global LLC, a specialty capital markets and international trade firm.
Mr. Jensen is experienced in investment analysis and structured equity/debt capital raises.