Mr. Duncan is a veteran of the real estate industry having over 40 years of experience in commercial real estate finance and investment.  In January 2009, he founded Duncan Hillsley Capital LLC (DHC), a boutique real estate investment firm that originally focused on the acquisition, repositioning and disposition of distressed real estate assets.  By the end of 2011, DHC completed the workouts of approximately $370 million in problem real estate loans, and to date has acquired approximately $750 million in real estate assets.
 
Prior to founding DHC, Mr. Duncan was President of a real estate private equity fund that held more than $3 billion in assets for a wealthy family.   As such, Mr. Duncan managed the daily activities of the full-service real estate investment firm including the oversight of upwards of 14,000 multi-family and condominium units, a 500-room full service hotel, and the development of 2 limited service hotels and a class “A” suburban office building.  His duties included sourcing investment opportunities, operating partners and investors, establishing investment criteria and structuring transactions, arranging more than $1 billion in financing for the firm’s assets.  In 2006 Duncan had the foresight to liquidate 17 apartment communities that had been bought for condominium conversion and he began the liquidation of the fund’s holdings paying off debt and increasing the company’s cash position. The task was virtually complete by year-end 2008.  He joined this private equity fund in April of 2005.

Prior to joining the private equity fund, Mr. Duncan served as President and Chief Operating Officer for Aztec Group, Inc., a boutique real estate investment firm in Miami, Florida, that specialized in finance at all levels of the capital stack, joint ventures and investment sales.  He oversaw the day-to-day activities of the firm and served as an advisor to the firm’s clients. In addition, his responsibilities included lender / investor relations with financial institutions as well as keeping abreast of industry trends. Having joined Aztec in 1993, he placed more than $3.5 billion in debt and equity for the firm’s clients.  Because of extensive experience in commercial real estate banking and thorough understanding of the inner workings of financial institutions, he was personally involved in Aztec’s major financing and marketing assignments. 

Prior to joining Aztec, Duncan was an independent consultant specializing in FDIC / RTC problem asset portfolio acquisitions for J.E. Robert / Goldman Sachs and Martin W. Taplin & Associates.  In years prior, he held senior positions with major regional banks including Southeast Bank, Florida National Bank and First Union (now Wells Fargo).  During his banking career, he managed loan portfolios in excess of $1 billion and was responsible for the origination of more than $3 billion in construction and mortgage loans.  He was also involved in the workout and restructure and/or liquidation of more than $1 billion in problem real estate assets. Duncan holds a Bachelor of Arts from Trinity College, Hartford, Connecticut and served over 20 years as a pilot with the U.S. Air Force and Air Force Reserve.



Mr. Hillsley has 15 years of diversified real estate operating, lending and private equity experience specializing in originating, structuring, and managing of real estate transactions.  In January 2009, he co-founded Duncan Hillsley Capital (DHC), a boutique real estate investment firm that originally focused on the acquisition, repositioning, and disposition of distressed real estate assets.  By the end of 2011, DHC completed the workouts of approximately $370 million in problem real estate loans, and to date has acquired approximately $700 million in real estate assets.

Prior to founding DHC with Mr. Duncan, Mr. Hillsley worked as a Director for a real estate private equity fund that held more than $3 billion in assets for a wealthy family.  As such, Mr. Hillsley was responsible for originating, underwriting, and closing fund investments.  Mr. Hillsley was involved in the acquisition, management and disposition of 14,000 multi-family and condominium units, 1.4 million square feet of office, 1,000 hotel rooms, and 100,000 square feet of retail.  He joined the private equity fund in December of 2005.

Prior to joining the private equity fund, Mr. Hillsley worked as a Senior Associate Director for GE Real Estate – North America Debt.  While at North America Debt, Mr. Hillsley underwrote over $5 billion in fixed and floating rate debt resulting in the origination of over $500 million in GE business.  Mr. Hillsley also worked as an analyst for GE Real Estate’s private equity group where he structured GE’s 3rd party equity investment in opportunistic office transactions.
       
Mr. Hillsley was an honors graduate with a bachelor’s degree from the Carlson School of Management at the University of Minnesota.  He then joined GE Capital’s Financial Management Program (FMP) and graduated at the top of his class.



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