We are an entrepreneurial real estate development investment company that focuses on complex, creatively financed projects across the United States.

We specialize in corporate dispositions, REOs, and other types of vacant or distressed industrial properties with a primary focus of recycling and re-tenanting these properties.

Our partners have more than 130 years of combined experience in commercial real estate and finance and have developed or redeveloped over 25 million square feet of commercial and industrial property.

We operate across the United States, and over the past 30 years, have owned or operated in real estate in more than twenty-five states. We are currently active in CA, TX, SC, TN, GA, OH, MI, MS, KY and IN.

Covington Group by the Numbers

Years of Partner Experience 130+
Sq. Ft. Under Mgmt. 6MM+
No. of Tenants 150+
  • What makes Covington unique is that we are a small firm with a nationwide focus – instead of living and working in one geography, we go where the deals are. Our strength is identifying disconnects or imperfections across various U.S. markets, identifying properties where those disconnects result in mispricing, and executing on plans to create value in those properties.

    Kenneth L. Sheer, President & CEO

Recent Projects

We continue to expand our investments across the United States, focusing on entering new markets with a primary focus of recycling
and re-tenanting industrial properties.

Chairman & Founding Partner
In the last 35 years, Barry has developed or redeveloped over 20 million SF of industrial and commercial buildings and has been instrumental in creating thousands of jobs. During the past 20 years he has been actively engaged in land development, including industrial, residential and master planned communities around the US.

President & Chief Executive Officer
Ken is responsible for setting the strategic direction for Covington Group’s building and land acquisition throughout the United States. His expertise includes over 25 years of industrial, commercial, and residential real estate acquisition & management; land development; master planning; and site selection for the third party logistics industry.

Executive Vice President & Chief Operating Officer
Mark heads up the operations, administration, and asset & property management functions for Covington. He also maintains responsibility for several land development projects and plays a primary role in the financial modeling and underwriting of new acquisitions. Mark has over 20 years of experience in real estate, planning, and business operations.

Senior Vice President & Principal
Mike is responsible for sourcing, structuring and implementing Covington Group’s investment strategies throughout the country. He has more than 25 years of diversified commercial real estate experience and has conducted hundreds of real estate transactions representing more than $500 million in value.

Managing Director & Principal
Mike is responsible for the sourcing of equity and debt investment financing, deal underwriting, and investor relations. His background includes over 25 years of Wall Street investment experience including leading Investment Grade Credit at Lehman Brothers, as well as executive positions at Bank of America and Gleacher & Co.

Acquisition
Guidelines

We focus on warehouse, bulk-distribution, industrial buildings, and manufacturing building conversions that are up to $50 million, and direct acquisitions in core and secondary distribution markets.

Property Type:

Warehouse
Bulk-Distribution (spec or 2nd generation)
Industrial Buildings
Manufacturing
Building Conversions (Class A or Class B product)

Transaction Size: $2 million to $50 million

Geographic Preference: Core and secondary distribution markets

Transaction Profile:

Vacant buildings
Partially leased buildings with leasing risk for the balance
Corporate surplus
Buildings with additional land for expansion
Buildings that can be subdivided to meet average local tenant size
Environmentally challenged buildings
Multiple market building purchases
Sales leaseback investments (partially occupied or short-term lease)
REO properties and distressed or non-performing mortgages
Transactions requiring a quick closing all cash

Contact:

Darin Manning
Midwest | Mid-Atlantic | Northeast | Southeast
513.290.4665
dmanning@covingtongroupinc.com

Brandon Gallup
West – Including Texas
760.672.3040
bgallup@covingtongroupinc.com