ENTREPRENEURIAL-MINDED

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

SPECIALIZED FOCUS

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.

EXPERIENCED TEAM

Our partners have more than 130 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.

NATIONWIDE REACH

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, MD, GA, OH, MI, MS, KY and IN.

COVINGTON GROUP BY THE NUMBERS

130+

Years of

Partner

Experience

6.75MM

Sq. Ft.

Under
Mgmt.

150+

No.

of

Tenants

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

BARRY LANG

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 U.S.

KENNETH SHEER

Founding Partner - Covington Group, Inc.

CEO - Covington Investments, LLC

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.

MARK MILAKOVICH

Partner - Covington Group, Inc.

President - Covington Realty Advisors, LLC

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.

MICHAEL SKUNDA

Partner - Covington Group, Inc.

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.

RECENT INVESTMENTS
 
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.
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)

GEOGRAPHIC

PREFERENCE

Core and secondary distribution markets

TRANSACTION PROFILE

  • Transaction size of $2 to $50 million

  • 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 US

Drew Evans

972.238.7410 ext. 203

devans@covingtongroupinc.com

Brandon Gallup

760.672.3040

bgallup@covingtongroupinc.com

Contact Us

Covington Realty Advisors, LLC

14180 Dallas Parkway, Suite 730

Dallas, TX 75254

Las Vegas

Covington Finance Associates, LLC / Huntington Group, LLC

9960 West Cheyenne Ave, Suite 212

Las Vegas, NV 89129

Get In Touch

© 2019 Covington Group, Inc.