Tracy L. Schroeder recently joined the team as the Director of Governmental Affairs & Community Development, and with her skills, she will help cultivate business relationships that create mutually beneficial, long-lasting partnerships through a wide range of markets.  Ms. Schroeder is responsible for cultivating business and political relationships throughout the country, as well as aligning funding opportunities for current and future projects. Prior to joining Phoenix Investors, Ms. Schroeder was a long-term commercial real estate executive with expertise in project management, operational organization, and development of strong public-private partnerships and community relationships throughout the United States. Ms. Schroeder received a B.A. in Political Science from the University of Wisconsin Eau Claire and a Teaching Certificate from the University of Wisconsin Milwaukee. We are excited to have Ms. Schroeder join the Phoenix family.
Email Tracy L. Schroeder: tschroeder@phoenixinvestors.com

 

About Phoenix Investors

In 1991, Frank P. Crivello created two private trusts, Irrevocable Children’s Trust and Irrevocable Children’s Trust No.2 (the “Trusts”), for the benefit of his children, Joseph and Anthony Crivello. Later that year, through their majority interest in the First Berkshire Business Trust, the Trusts completed Wall Street’s first single-tenant retail property-backed securitized financing. That transaction, secured by 43 Kmart retail locations and warehouse stores, became a precursor for CMBS structures commonly used over the last twenty-five years.

In 1994, David Marks became a trustee of the Trusts, and Phoenix Investors (“Phoenix”) was created as the management company of the Trusts’ investments. Throughout the 1990s, Phoenix focused on single-tenant arbitrage opportunities available across the country. To this end, Phoenix exploited various market inefficiencies that existed including information inefficiencies, differences in credit perceptions of unrated regional and national tenants, and innovative Wall Street financings, the combination of which produced above-market returns.

From 2002 to the beginning of the Great Recession in 2007, our management team concluded that prevailing real estate opportunities and trends did not meet its disciplined risk/reward analysis. Phoenix suspended new acquisitions of commercial property and instead focused on improving its existing portfolio. Since the Great Recession, Phoenix has aggressively used its experience to source, identify, and harvest unprecedented commercial real estate opportunities. Currently, our focus is on maximizing underappreciated asset classes including Class B and C industrial properties, portfolio and REIT dispositions, and creatively working with corporations, banks, and other institutions on underperforming asset dispositions.

Looking forward, Phoenix will continue applying its disciplined investment strategy to commercial real estate opportunities while implementing new technologies and adding resources.

To successfully identify and execute opportunities in a dynamic and changing marketplace, Phoenix has built a talented team of professionals across all levels of its business, providing them with cutting-edge technology tools, and superior benefits including a highly acclaimed wellness program. The Trust beneficiaries, Joseph and Anthony Crivello, both of whom grew up around Phoenix, are part of its Advisory Board and reflect the next generation of leadership for Phoenix. The Phoenix team has been critical to our achievements to date and will lead Phoenix to new heights in future decades.