DANVILLE, Calif., March 21, 2022 /PRNewswire-PRWeb/ -- Commercial real estate industry veterans Jerry Hunt, Mark Pleis, Howard Overton and Kameron Klotz have launched 300 Venture Group ("3VG"), a new, privately held real estate investment, development and advisory company that will focus on transforming assets and generating robust opportunities and returns for investors, partners and clients.
"3VG was formed to use our combined decades of experience and exceptionally complementary skill sets to give properties new life and purpose for the 2020s and beyond," Hunt said. "We've been friends and colleagues for years, and now it's time to work together to execute impeccably, have fun and create real value for our investors, partners and the communities in which we're going to operate."
Danville, California-based 3VG is uniquely positioned to do so. Its partners have proven experience acquiring, operating and developing projects and communities in a region with exceptionally high barriers to entry. 3VG's founders boast a combined 90-plus years of development, redevelopment, transaction and brokerage experience in multiple sectors of commercial real estate. By combining their institutional knowledge and nimble, entrepreneurial spirit, 3VG expects to outperform in all its endeavors.
"The more problematic and challenging a project is, the more fun it is," said Pleis. "Our team has a proven track record and has provided services across all real estate sectors. We have the right team to really drive this platform forward, and we're excited for what's to come."
The four principals, together with their capital partner, have already closed their first transaction, acquiring an irreplaceable, underutilized property in Downtown Napa, California. A second, value-add Bay Area acquisition is expected to close in another 45 to 60 days.
Hunt has more than 30 years of public and private real estate experience, focusing on development, repositioning and transactions. He has acquired and/or leased over 7.5 million square feet representing over $2 billion in asset value, and influenced several Bay Area markets with high-profile development projects. Prior to 3VG, he founded Quattro Realty Group and co-founded Blake Hunt Ventures (BHV); he also was Executive Vice President and COO of Western Properties Trust.
Pleis is a founding Principal of the first Northern California office of Lee & Associates in 1993, with over 36 years of experience. Throughout his career, he grew his relationships and book of business to consummate transactions in almost every aspect of real estate.
Overton's 20-plus years in retail real estate include public REIT experience at Regency Centers, DDR Corp. (now SITE Centers), Kimco Realty and Pan Pacific Retail Properties. During his career, he has been involved in more than $17.4 billion of property transactions, totaling 79 million square feet.
A frequent angel investor in startup companies across a wide range of industries, Klotz has more than 10 years of experience in strategic planning, operations and management. He has been vital in obtaining several complex entitlements in some of California's most cumbersome cities. He is a U.S. Marine Corps veteran of Operation Iraqi Freedom and was recently chosen for the California State University East Bay's "40 Under 40."
About 3VG
3VG is a privately owned real estate investment, development, management and advisory firm with a geographic emphasis on western U.S. markets. The company was founded by real estate veterans who love the outdoors, trucks, motorcycles and tattoos. Its focus is the acquisition, development and redevelopment of retail, office, multifamily, residential and mixed-use properties.
Media Contact
Debra Hazel, DEBRA HAZEL COMMUNICATIONS LLC, +1 201-618-5247, [email protected]
SOURCE 300 Venture Group
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