BUILT TO DELIVER

Devonshire REIT III was built to deliver an attractive, reliable income stream backed by real assets with inflation hedging benefits. The fund also offers growth potential through value-add processes including greater borrowing efficiencies, increased operating efficiencies, reduced vacancies, rental enhancement through capital investment, and market repositioning of properties.

Here's what the media is saying

THE STORY

The Crises

The Crises

Lack of Affordable Housing, Boomers Retiring Without Savings and Low Yield on Current Investments.

The Solution

The Solution

Manufactured Housing Communities, Mobile Home Parks, Trailer Parks, whatever you wish to call them, could be the solution, or at least a part of a solution, for affordable housing to low-income families and retirees...

The Opportunity

The Opportunity

MANUFACTURED HOUSING COMMUNITIES & DEVREIT 3: Several factors are currently working together to create an historic opportunity to invest in and profit from Manufactured Housing Communities...

The Strategy

The Strategy

Devonshire REIT III was built to deliver an attractive, reliable income stream backed by real assets with inflation hedging benefits.

The Offering

The Offering

Offering Size: 10,000,000 shares...

Our Team

Christopher S. Campbell

Christopher S. Campbell

President, CEO & Chairman of the Board

Chris is President and Chief Executive Officer of Devonshire REIT II, Inc. and the Chairman of the Board. He began coordinating with construction companies on behalf of tenant businesses, as well as buying, selling and managing properties approximately 15 years ago both on an individual basis and in partnership with others. In 2001, Chris founded and held the title of President and Chief Executive Officer of Online Brokerage Services, Inc. and OBS Financial Services, Inc. In December of 2007, he orchestrated the sale of OBS to Texans Financial (the Credit Union of Texas Instruments, Nokia, and Ericsson), which resulted in a substantial return to investors. He formerly held a position as Chairman of the board of directors for OBS Holdings, Inc. and AccuTech Systems Advisory Council. Chris was previously an active securities representative and held numerous securities licenses (Series 7, Series 24, Series 27 and Series 65) from 1989-2014. He received a B.S.B.A from Bowling Green State University School of Business in 1987.

Jeffery L. Seiple

Jeffery L. Seiple

EVP & Director of Capital Markets

As Director of Capital Markets for Devonshire, Jeff is in charge of new business development and also oversees the direction and focus of the capital raising efforts. Under his leadership the capital team has raised over $130 million since his co-founding the fund in 2009. Prior to Devonshire, Jeff was instrumental in the development and growth of OBS Financial Services, a Third Party Asset Management Provider (TAMP) for community bank trusts, to over $500 million in total assets under management. Jeff holds Bachelor’s Degrees in Business Management and Business Marketing from Miami University of Ohio. He is also a life member of the North Country Trail Association and volunteers to manage the Emmet County, MI segment of the Trail, the longest National Scenic Trail in the United States.

Todd Latham

Todd Latham

EVP & Chief Marketing Officer

Todd directs marketing and branding for Devonshire. He oversees conception, design, and implementation of marketing programs for both capital markets and leasing. His marketing and capital raising efforts have helped the company raise over $130M in capital since his co-founding the fund in 2009. Prior to Devonshire, Todd was Vice-President & Regional Manager in Texas for OBS Financial Services from 2004 to 2008. He established OBS’s presence in Texas and helped build the organization to $500 million in assets before it was sold in 2007. Previous to OBS, Todd spent 16 years in the graphic arts industry where his customers included both advertising agencies and national retailers such as: Pizza Hut, Blockbuster Video, Linens & Things, AAFES, and Chuck E. Cheese Pizza – giving him a unique insight into retailing, advertising, marketing and branding. While in college, he earned his Texas Real Estate License and worked as a leasing agent for property management companies. Todd currently holds a Series 65 (Registered Investment Advisor) securities license. Todd graduated Cum Laude from Texas A&M University with a B.S. in Agricultural Economics. He lives in Haslet, TX, a suburb of Fort Worth, where he is active in his church, and with Hands of Hope – a homeless outreach organization.

Michael D. Bogdan

Michael D. Bogdan

SVP & Chief Accounting Officer

Mike is the Chief Accounting Officer. He is responsible for overseeing all accounting functions including general ledger, financial statements, financial and compliance reporting and accounting systems. Mike joined Devonshire in August 2012, with a strong finance and risk management background. Prior to Devonshire, he served as an Entrepreneur in Residence at Rocket Ventures, a seed/early stage venture capital firm for Northwest Ohio technology-based companies. As an Entrepreneur in Residence, his key roles were to develop and implement business and strategic planning processes, develop capital funding strategies and transfer technical and business knowledge as an “interim” CEO or CFO. In this capacity, he was the interim CFO for two porbolio companies as well as held board positions on four other startups. Prior to Rocket Ventures, Mike spent a combined 12 years in the financial services industry as a vice president in the Business Banking Group at KeyBank and as an Executive VP and senior lender at a local community bank. Mike is currently a Director at Lutheran Homes Society, Inc., where he serves as a member of the Executive Committee and as the Audit Committee Chairman, Trustee for Erie Shores Council-Boy Scouts of America and a member of NAREIT. He obtained his B.B.A. with a concentration in finance from The University of Toledo in 1987.

Christopher B. Denman

Christopher B. Denman

SVP & Chief Administrative Officer

Chris is the Chief Administration Officer. He oversees the day to day operations of Devonshire along with the development and implementation of many of the Company’s strategic initiatives. Prior to Devonshire, Chris was a territory manager for 4 years with Federated Investors where he was responsible for over 1,200 advisors, he was with Huntington Bank’s Insurance division for 4 years, and he began his career with BankOne, so he has an excellent working knowledge of the financial services, banking and insurance industries which serves him well in his current position with Devonshire. He earned a B.S. in Business Administration with a Finance concentration from The Ohio State University. . Chris is also the founder of TEI Charities, Inc., a non-profit organization created to aid other non-profits in raising money and awareness for their causes. TEI itself has raised almost $25,000 for the V Foundation for Cancer Research. Chris’s community and corporate leadership roles garnered him Toledo’s “20 under 40” Leadership Award in 2014.

Doug Dymarkowski

Doug Dymarkowski

SVP – General Counsel

Doug is the in-house counsel of the Company where his major responsibilities include: governance and compliance, business transactions, negotiations, and litigation. Doug earned his law degree from Case Western Reserve University and his BBA in Finance from the University of Toledo. Prior to joining Devonshire, Doug was in private law practice concentrating on business and real estate law.

Dave Cole

Dave Cole

SVP - Operations

Mr. Cole is the Senior Vice President of Operations for Devonshire REIT III. He assumed this position after spending 4 years as the Chief Technology Officer for Devonshire REIT until that entity was sold. While at Devonshire REIT, Mr. Cole built out the technology infrastructure necessary to grow the company to over $500M in AUM. In order to facilitate the disaster recovery protocol necessary for satisfaction of the needs of institutional investors, and to foster freedom of access to a growing geographical footprint, Mr. Cole migrated the network to a cloud-based hosted environment and oversaw continued improvements essential to the company’s eventual sale. Prior to Devonshire REIT, Mr. Cole spent 13 years as the Vice President of Technology for OBS Financial Services. While there he spearheaded the development of a fully automated integrative proprietary software for trust accounting systems that pushed OBS to the forefront of Third Party Asset Management Providers (TAMP) in that channel and was integral in its growth to over $1B in AUM. Mr. Cole honed his leadership skills while serving 5 years in the United States Coast Guard, which included Search and Rescue and Tactical Law Enforcement where he often served as on-site commander for drug interdiction missions in the Gulf of Mexico, the Caribbean Islands and South America. Mr. Cole is a Microsoft Certified Professional (MCP). In his free time he is active in the local flying club where he served as President.

Angie Hohl

Angie Hohl

Investor Relationship Manager

Angie has 21 years of experience in real estate including 18 years as an Escrow Officer. Prior to joining Devonshire, she was with Midland Title and Port Lawrence Title & Trust Company. She is responsible for ongoing investor relationships including correspondence, corporate updates and fielding inquiries. She is also the coordinator for Devonshire’s annual Symposium and helps coordinate outside conferences for the capital team. Angie holds a Paralegal Certificate from Bowling Green State University.

WE’RE WORKING TO GROW YOUR INVESTMENT EVERYDAY

Devonshire REIT makes Inc. 5000 list of Fastest Growing Companies

FOR IMMEDIATE RELEASE

Devonshire REIT Named to Inc. 5000 Fastest Growing Private Companies List

WHITEHOUSE, OH, September 14, 2016 — Devonshire REIT, Inc., a private real estate investment trust, announced today that it has been recognized as one of the fastest growing private companies in the United States by making the 2016 Inc. 5000 List at #815 with 3 year accumulated growth of 489%. Devonshire was also ranked #1 in Toledo, #2 in Real Estate and #21 in Ohio.

“This is another confirmation of the power of our process, the strength of our principles and the quality of our people. We formed this company in the depth of the Great Recession and navigating that crucible successfully has kept us lean, efficient, and always working to squeeze the greatest value out of every investment dollar entrusted to us by our shareholders”, said Chris Campbell, Chairman of the Board of Devonshire REIT, “We are honored by this recognition and look forward to continued growth and success.”

The 2016 Inc. 5000, unveiled online at Inc.com is the most competitive crop in the list’s history. The average company on the list achieved a three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. Devonshire REIT’s unique listing is at: http://www.inc.com/profile/devonshire-reit?cid=full500016-list-815.

Overall Rank Top Real Estate Companies Top Ohio Companies Top Toledo Area Companies

About Devonshire REIT, Inc.: Founded in 2009, Devonshire REIT is a self-advised and internally managed private real estate investment trust purpose-built for fiduciaries. From inception, the company grew from $6M in assets under management to over $500M with 59 properties representing over 4.8 million square feet of leasable space. In February 2016, Devonshire REIT II was spun off to continue the mission of providing the most efficient and effective private commercial real estate investment vehicle available in the marketplace. Devonshire REIT II does not take asset management, acquisition, finance or disposition fees, so every invested dollar goes to work building shareholder value. Devonshire REIT II is available only to accredited investors. Find additional information at http://www.devreit.com.

About Inc. Media: Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today. For more information, visit www.inc.com


Contact:
Todd Latham
Executive VP & CMO
817.485.5700
todd.latham@devreit.com

Devonshire REIT, Inc.
10100 Waterville Street
Whitehouse, OH 43571
419.877.1010
www.devreit.com

This is not an offer to sell or a solicitation of an offer to buy any security or to invest in Devonshire REIT or Devonshire REIT II, Inc. or any of their affiliates. Any information provided herein is for informational purposes only and may not be relied upon in connection with the acquisition of securities of Devonshire REIT or Devonshire REIT II, Inc. or any of their affiliates. Any securities of Devonshire REIT or Devonshire REIT II, Inc. that are offered for sale will be available only to accredited investors and will be sold to accredited investors only upon the acceptance by Devonshire REIT or Devonshire REIT II, Inc. of completed subscription documents from such accredited investors.

CONTACT

Contact Info

  • 10100 Waterville St, Whitehouse, OH 43571
  • +419 877 1010