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About Condo Capital Solutions | Key Personnel
Marcel Arsenault
Managing Partner
Marcel Arsenault has over 20 years experience in the Real Estate business as owner of Real Capital Solutions; one of the largest private commercial real estate companies in Colorado.
- Marcel prospered in the RTC/FDIC era of 1989-1994, specializing in buying and restoring value to work-out real estate;
- Passionate about his industry, he is tough, tenacious, driven, entrepreneurial, and lives for problem solving;
- Highly experienced at working with lenders, Mr. Arsenault served on a bank board and offers lenders advice on condo projects;
- Having owned two profitable construction companies, he thoroughly understands construction;
- He has a deep understanding of the real estate cycle and how to apply this knowledge to create value;
- Marcel’s foresight on housing has been confirmed by profitable shorts on home builders originated on December 28, 2005;
- Marcel has generated an estimated 25% IRR on his real estate investments for over 20 years;
- Since 1995, he has been the principal investor in over 20 condo projects.
Peter A. Wells
Managing Partner
Mr. Wells has been involved in more successful condo conversions than any other developer in Colorado. He has managed numerous conversion projects in Texas, Wyoming, Utah, and Arizona, comprising 21 projects with sales revenues of $350 million.
- With over 10 years of experience spearheading Condo conversions, Peter Wells entered the market long before the recent boom in conversion mania
- Peter has expertise assessing an existing project and determining what is appropriate for conversion and sale
- He is an expert at all aspects of the condo conversion process, including legal, operations, marketing, sales, and product positioning
- Peter has successfully positioned projects for student, inner-city, office-conversions, suburban condos, resort, and retirement market segments
- A talented motivator of people, he has assembled an experienced team of specialists and partners supporting every facet of the conversion process
- He was the first sponsor in Colorado to restart the condo conversion business, becoming one of the biggest converters in the Southwest.
- Careful and realistic, Peter has never lost money on a condo deal; most of his projects have exceeded pro forma
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