Dunne Real Estate Capital LLC ("DREC") is a privately-held real estate firm that is focused on capital investment in real estate assets and advisory services for those involved in real estate ventures.
DREC’s team consists of seasoned real estate professionals with experience in diverse aspects of the real estate industry, including commercial lending, real estate development, construction, brokerage, real estate sales and marketing, property management, zoning and entitlement, engineering, and finance. The benefits of such an expansive talent base extend to both the recipients of our capital investments, our investors, and our advisory services clients.
DREC was founded in 2009 by James Dunne, an experienced member of the Chicago real estate community. The company's primary focus is capitalizing on its extensive real estate expertise in value add and capital restructuring real estate investments.
DREC is a boutique style and nimble firm and unlike most investment companys, DREC is not weighed down with a portfolio of existing non-performing assets. DREC is well positioned to obtain above average risk adjusted returns for its investors.
James Dunne is the founder and Managing Director of Dunne Real Estate Capital, LLC. Mr. Dunne began his career as a civil engineer and is a licensed professional engineer. In this role, he facilitated the design of residential (multi-family and single-family), commercial, and industrial developments. Subsequently Mr. Dunne ran land development for the largest homebuilder in the nation. In this role, Mr. Dunne and his team were responsible for the land development, contract negotiation, financial structuring, budget management, and entitlement procurement of 2700 units on 17 different projects consisting of over $350 million in assets. In his tenure he helped achieve annual company growth of close to 30% per year. Mr. Dunne has the distinction of developing the two most successful Grand Openings in Division history.
After spending years in the design and development world with some of the largest players in the business, Mr. Dunne moved onto a private equity fund specializing in mezzanine debt financing for real estate development projects. The boutique style culture enabled Mr. Dunne to become a “jack of all trades” as it relates to both debt and equity real estate investment. Originating, underwriting, and asset managing deals, Mr. Dunne gained significant experience in all types of deal structures and asset classes.
Mr. Dunne also has experience in workouts, nonperforming assets, distressed notes and capital structures, foreclosures, transfers of membership interest, pursuit of guarantees, and many other courses of action associated with defaulted loans. The combination has earned Mr. Dunne a unique set of experiences perfectly suited for dealing with real estate asset holders looking to liquidate.
Mr. Dunne has been exposed to countless distressed assets and loan opportunities through relationships that were established with other lenders including regional and national banks, developers, brokers, funds, real estate investors and lawyers.
Mr. Dunne also has the honor of regularly presenting at the Chicago Federal Reserve Beige Book Roundtable discussions. These quarterly meetings host an elite group consisting of various industry leaders who present the current status of their area of business to the Chicago Federal Reserve Chairman. The Chairman, in turn, presents what was said at the United States Federal Reserve Beige Book Meetings which affects monetary policy for the entire country.