Ted Stone, III
Ted Stone is a principal of Bear Companies and is responsible for the strategic planning and management of the firm’s business activities. Stone’s family began developing residential subdivisions and single-family homes in 1955. Stone grew up active in the family’s development business and continued his pursuit of commercial real estate experience at SMU before entering the industry full-time. Stone’s multifamily industry experience spans several decades and over 10,000 units.
Across several platforms and multiple cycles, Stone has become an accomplished and seasoned commercial real estate executive. He has been involved in the industry since his teens and has acquired, developed, or capitalized more than 5M square feet of commercial space and over 4,000 acres of land.
Baron Saterbak, CAPS, CAM
Baron Saterbak is a seasoned real estate executive with over two decades of experience in multifamily investment, asset management, and property operations. From pulling quarters out of laundry machines as a teenager to becoming a key principal in the acquisition, repositioning, and sale of multifamily properties, Baron has built a career rooted in hands-on expertise and strategic vision.
As the author of, 43% Portfolio IRR 2X ROC, Baron shares invaluable insights into navigating market cycles, operational efficiencies, and maximizing financial returns. His work reflects a deep commitment to operational integrity, tenant satisfaction, and delivering measurable value to investors.
Lex Pennington
Lex Pennington is a veteran construction executive with over three decades of experience in ground up multifamily development, large-scale renovations, and asset repositioning. Pennington has worked for some of the largest institutional multifamily property companies in the industry. Pennington has overseen the construction and/or renovation of more than 200,000 multifamily units.
Pennington has led several large-scale redevelopment projects across the country, including a $300M cap-ex repositioning of a 26 contiguous property portfolio for Archon, and a $182M cap-ex portfolio renovation for A.G. Spanos Companies. His expertise in project oversight, budgeting, contract negotiation, and quality control has made him a trusted leader in the industry.
OUR HISTORY
The leadership team of Bear Companies has decades of multi-cycle experience in the acquisition and repositioning of multifamily assets.
Bear is committed to uniquely conservative underwriting standards and operational excellence.
Bear has consistently delivered above market returns to our investors.
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