We are an entrepreneurial real estate development investment organization 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 100 years of combined experience in commercial real estate and finance and have developed or redeveloped over 25 millions 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 and OH.
What makes Covington unique is that we are a small group 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, Founding Partner
MEET THE COVINGTON TEAM
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 U.S.
Founding Partner & CEO
Ken is responsible for setting the strategic direction for Covington Group's building and land acquisition throughout the United States. His expertise includes over 35 years of industrial, commercial, and residential real estate acquisition & management; land development; master planning; and site selection for the third party logistics industry.
Managing Partner & President
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 25 years of experience in real estate, planning, and business operations.
Mr. Womack is responsible for capital raising, investor relations and contributing to the investment decisions of the firm. His experience includesover 20 years in the capital raising business, most recently with JLL. Jeremy started and built the capital markets business in Phoenix for HFF starting in 2016 and grew the business subsequent to the merger with JLL in 2019. Closing over 400 loans and raising over $10B of capital throughout his career, Jeremy brings the expertise to oversee the growth of Covington’s finance capabilities. Jeremy graduated from Rutgers University with a B.S. in Finance.
MATTHEW DENHAM, ESQ.
Senior Vice President
Legal & Administration
Mr. Denham has worked in the legal, real estate development and construction industries for over 23 years, including 6 years as a trial attorney and several years as General Counsel / VP Acquisitions for a Southern California developer. Mr. Denham joined Covington in March of 2013, and is responsible for all legal and administrative functions, including contract drafting and review, loan processing, investor relations, human resources, benefits administration, office management, and oversight of outside legal counsel.
Senior Vice President
Asset & Property Management
Ms. Adlof brings a thirty-year commercial real estate background to Covington from top institutional lending platforms. She is an accomplished and results driven commercial real estate professional, focused on effectively and efficiently managing a portfolio to mitigate risk while optimizing profitability within the portfolio. Prior to Covington, she spent 18 years of her career with GE Capital Real Estate, where she played an integral part in structuring, underwriting and management of performing and underperforming debt and equity assets.
J. BRANDON GALLUP
Mr. Gallup joined Covington in 2008 and brings nearly 20 years of commercial real estate experience in the areas of acquisitions, land, and leasing. He has been involved in real estate transactions totaling over $600MM in value for purchases and leases of industrial, flex, vacant land, office and retail property assets. Additionally, he has played a key role in the assemblage and entitlement efforts of several million square feet of industrial land, which included land acquisition, consultant management, and public jurisdiction coordination.
Construction & Property Management
Over the last 15 years, Mr. Thrasher has provided property management for over 12 million square feet of industrial spaces across 14 states. His role later expanded to include construction management, where his responsibilities include physical assessments, scope building, cost estimating, and budget development. As Sr. Director of Property & Construction Management, Mr. Thrasher is responsible for the oversight of all property managers, construction projects, and quality control across the Covington portfolio.
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.
We focus on warehouse, bulk-distribution, industrial buildings, and manufacturing building conversions and direct acquisitions in core and secondary distribution markets.
Bulk-Distribution (spec or 2nd generation)
Building Conversions (Class A or Class B product)
Core and secondary distribution markets
Partially leased buildings with leasing risk for the balance
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)
Industrial-zoned land in path-of-growth markets
Covington Group, Inc.
14180 Dallas Parkway, Suite 730
Dallas, TX 75254
9960 West Cheyenne Ave, Suite 212
Las Vegas, NV 89129
520 South Main Street, Suite 2502
Akron, OH 44311
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