Team

Managing Principals

MICHAEL W. BRENNAN

Chairman, Managing Principal

Michael W. Brennan is a Co-Founder, Chairman, and Managing Principal of Brennan Investment Group. Prior to forming Brennan Investment Group, Mr. Brennan co-founded First Industrial Realty Trust (NYSE: FR) in 1994, and served as President, Chief Executive Officer and a member of the Board of Directors until late 2008. Under his direction First Industrial assisted many of the nation’s largest industrial users in completing complex supply chain reconfigurations, and attracted investment partners including The Carlyle Group, the Kuwait Finance House, Union Bank of Switzerland, ING, and the California State Teachers’ Retirement System.

Under his direction, The Guide to Classifying Industrial Property Types was written. The only book of its kind, the guide presents a precise classification system for industrial properties and provides an in-depth review of the characteristics and evolution of the industrial property sector. The Urban Land Institute (ULI) acquired the rights to the guide and collaborated with First Industrial on a second edition, which is currently available through ULI.

Often sought as an industry expert on industrial real estate, Mr. Brennan has appeared on CNBC, CNNfn and Bloomberg Television. Mr. Brennan is a prominent leader in the real estate community and is a member of ULI and the World’s Presidents Organization. Mr. Brennan was named Commercial Property News’ ‘Industrial Property Executive of the Year’ in 2000 and one of Irish American Magazine’s Top 100 Business Leaders in America in 2003. Mr. Brennan has orchestrated more than $10 billion in industrial real estate transactions in the course of his 25-year career.

Before co-founding First Industrial, Mr. Brennan was a President and Partner in The Shidler Group, a nationally prominent real estate firm specializing in value-add real estate transactions. He was a founding investor of Tri-Net Property Trust and Co-Founder and member of the Board of Directors for Pacific Office Properties (AMEX: PCE), an office REIT that owns institutional quality properties in Honolulu, California, and Arizona. Mr. Brennan is also a member of the Board of Directors of the Chicago Public Library Foundation, which provides on-going funding, through its endowments and annual fundraising, for collections, book acquisition and a variety of community-based programs that contribute to the excellence of the Chicago Public Library. He began his industrial real estate career in 1984, as an Investment Specialist with CB Commercial. Mr. Brennan earned his Bachelor’s degree in Finance from the University of Notre Dame in 1979.

Mr. Brennan currently serves as Executive Director of the University of Wisconsin’s James A. Graaskamp Center for Real Estate, a program that is consistently ranked among the best real estate programs in the world.

SCOTT MCKIBBEN

Managing Principal

Scott McKibben is a Managing Principal of Brennan Investment Group. He is responsible for industrial property transactions in the Midwestern United States, with a focus on Chicago. Mr. McKibben was the Co-Founder of Madison Partners Realty, which purchased, managed, and leased over 4 million square feet of industrial buildings in primarily the Chicago and Milwaukee markets over the last 8 years.

As a principal of Madison Partners Realty and before that as the Vice-President of Acquisitions of Prime Group Realty Trust, Mr. McKibben completed the acquisition and development of $2 billion in office and industrial properties over the past 15 years. In addition, Mr. McKibben has been hired as an expert witness twice on $100 million plus lawsuits and has provided financial proforma and financing consulting with several developers and owners of office, multi-family, condominium, and hotel projects.

Mr. McKibben earned his Bachelor’s B.S. in Finance in 1991 from DePaul University, his M.S. in Real Estate Appraisal and Investment Analysis in 1994 from University of Wisconsin Graduate School of Business, and his Juris Doctor in 1994 from University of Wisconsin Law School. Mr. McKibben is an Illinois and Wisconsin licensed attorney.

W. TROY MACMANE

Managing Principal

Troy MacMane is a Managing Principal of Brennan Investment Group. He is responsible for industrial property transactions in Texas, with a focus on Houston, Dallas, San Antonio, and Austin. Prior to joining Brennan Investment Group, Mr. MacMane was the co-founder and manager of Trident Equity Parters. Prior to forming Trident, Mr. MacMane was Regional Director at First Industrial. At First Industrial, Mr. MacMane was head of the company’s acquisition and development program in the southern portion of Texas. Mr. MacMane began his career at CB Commercial in Houston and then Trammell Crow Company in Austin. Troy has acquired and developed over $325 million of industrial assets totaling over 3 million square feet and 425 acres of land while at First Industrial and has been involved in over $1 billions of industrial transactions in his career. Troy was a recipient of a “Top Producer Award” at First Industrial and in 2007 he received First Industrial’s “Deal of the Year Award”. Mr. MacMane graduated from the University of Texas at Austin in 1991 and currently serves on the Board of Directors for NAIOP.

ROBERT J. KRUEGER

Managing Principal

Robert J. Krueger is a Co-Founder and Managing Principal of Brennan Investment Group. He is responsible for industrial property transactions in Central Florida. Mr. Krueger is among the most accomplished industrial professionals in the Florida market, with 34 years of experience in construction, development, and acquisitions. From 1997 to 2009, Mr. Krueger was the key executive in building First Industrial’s portfolio in Central Florida. During his tenure with First Industrial Mr. Krueger acquired and developed over 5 million square feet of industrial and flex space in the Florida market for such tenants as Home Depot, J.C. Penney, Caterpillar Tractor, Haverty’s Furniture and Walgreen’s. Before leaving First Industrial, Mr. Krueger was in charge of managing First Industrial’s Florida portfolio of nearly 3 million square feet, and 821 acres, in Tampa, Orlando and Miami.

Based in First Industrial’s Tampa office, Mr. Krueger started his First Industrial career as Senior Regional Development Officer for the Florida region, with the additional responsibility to oversee construction of First Industrial’s major projects throughout the United States. He came to First Industrial in 1997 through the company’s acquisition of Thompson-Kirk Properties (TKP), where he was Vice President and General Manager of TKP’s construction company.

Earlier in his career, Mr. Krueger served as Vice President of Commercial and Industrial Properties at Florida Design Communities and, previously, worked with Cadillac Fairview Industrial Development.

A member of the 2009 NAIOP National Board of Directors and past President of the Tampa Bay Chapter of the National Association of Industrial and Office Properties (NAIOP), Mr. Krueger is also an active member of the Real Estate Investment Council (REIC), CoreNet Global and the Greater Tampa Chamber of Commerce’s economic development partnership, The Committee of One Hundred. In 2006 and 2007 Mr. Krueger was named Developer of the Year by the Tampa Chapter of NAIOP.

Mr. Krueger earned a Bachelor’s degree in Structural Engineering from Marquette University in 1972. He is a licensed real estate broker, a licensed professional engineer in Florida, Hawaii and Wisconsin, and holds a Florida Class A general contracting license.

BRITTEN SHUFORD

Managing Principal

Britten Shuford is a Co-Founder and Managing Principal of Brennan Investment Group. He is responsible for industrial property investments in the Western United States, with a focus on Southern California.

Mr. Shuford began his industrial real estate career in 1997 with Pacifica Capital Group, an investment and development firm founded in 1982, and based in Los Angeles. Beginning in 2005, he became Co-Managing Partner and Co-Principal. Pacifica Capital Group has acquired or developed approximately 15 million square feet of diversified investments including industrial, office, residential and hotels with a primary focus on Southern California.

Mr. Shuford co-founded Pacifica Capital Group’s related company, Shuford Carpiac & Ohren (SCO Advisors), which provides advisory services to clients in Southern California. Through SCO Advisors, Mr. Shuford has assisted many of the largest institutional real estate owners in the United States in completing complex acquisitions and dispositions including Travelers Insurance, RREEF, AMB, P.S. Business Parks, and First Industrial.

Over the course of his career, Mr. Shuford has orchestrated over $1 billion in commercial real estate transactions in excess of 8 million square feet. Mr. Shuford was instrumental in advising First Industrial and its partner, The Carlyle Group, on their first California industrial acquisition of approximately 1.2 million square feet in 1999. Since that time, Mr. Shuford has been an important advisor to First Industrial in helping to significantly expand their investment presence in Southern California. As a result of these efforts, Mr. Shuford was twice awarded First Industrial’s “Broker of the Year” in a national competition.

Mr. Shuford, together with Keenen Ivory Wayans, founded Wayans-Pacifica Urban Investment Partnership in 2006. The partnership is focused on investing and developing in urban communities located in California, for non-industrial assets.

As a native of Los Angeles, Mr. Shuford earned his Bachelor’s degree in Business Administration from Loyola Marymount University. He was the youngest member ever elected to the Board of Directors of the American Commercial Real Estate Organization, the largest organization of its kind in the United States. Mr. Shuford is an active member of Urban Land Institute, SIOR and NAIOP.

JACK LOVELL

Vice President

Jack Lovell is a Vice President of Brennan Investment Group. He is responsible for industrial property investments in the Western United States, with a focus on Southern California.

Prior to joining Brennan Investment Group, Mr. Lovell was an Acquisitions and Development Associate for Oakmont Industrial Group where he was directly involved in the acquisition, development and asset management of $350 million in institutional grade industrial properties in the Greater Los Angeles Basin on behalf of Hunt Realty Investments, Inc. of Dallas, Texas and Prudential Real Estate Investors (PREI).

Prior to Oakmont, Mr. Lovell was engaged in the project management of large, tenant improvement and core and shell construction projects in the Bay Area for Swinerton Builders, one of the nation’s largest general commercial contractors. Mr. Lovell began his real estate career as a commercial broker in downtown San Francisco where he represented tenants and landlords in office lease transactions.

Mr. Lovell holds a Bachelor’s degree from Santa Clara University and a Masters degree from Columbia University. Mr. Lovell is a licensed real estate broker in California and also holds a California General Engineering (A) Construction License and General Building (B) Construction License. Mr. Lovell is designated as a Certified Property Manager (CPM®) by the Institute of Real Estate Management.

ROBERT G. VANECKO

Managing Principal

Robert G. Vanecko is a Managing Principal of Brennan Investment Group. Prior to Brennan Investment Group, Mr. Vanecko was a co-founder and co-general partner of DV Urban Realty Partners I L.P. (“DV”), a $71.5 million real estate private equity fund. DV invests in value-added urban real estate transactions, primarily in Chicago. Along with the other sponsors of DV, Mr. Vanecko directed the day-to-day operations of the fund, including investment sourcing, evaluation and execution, asset management, finance and administration. The fund’s portfolio of investments and developments includes over 800 residential units and over 500,000 square feet of commercial space. Mr. Vanecko also co-founded and managed the fund’s property management affiliate – DV Property Management, LLC.

Mr. Vanecko has extensive experience in a wide variety of real estate and corporate transactions as a principal, investment banker and attorney. Since 1993, he has been involved in the structuring, negotiation and execution of over 40 separate transactions with a total value of over $3.0 billion. Mr. Vanecko combines his background in finance, capital markets and law to analyze, structure, negotiate and implement diverse and complex investment transactions.

Previously, he served as Vice President, Finance and Corporate Development for iTRACS Corporation, a venture capital backed computer software company. While at iTRACS, Mr. Vanecko was responsible for raising over $30 million of private equity capital from institutional investors and high net worth individuals. He also negotiated strategic partnerships with leading OEM’s, including ITT Industries, Molex, Ortronics and Tyco Electronics.

Prior to joining iTRACS, Mr. Vanecko served as Vice President in the Real Estate Investment Banking Group at First Union Securities and EVEREN Securities. While at First Union and EVEREN, Mr. Vanecko specialized in real estate capital raising transactions for public and private real estate companies with an emphasis on the multi-family and senior housing sectors. He was involved in transactions with a total value of over $1.1 billion involving public and private REITs and real estate operating companies.

Prior to joining EVEREN Securities, Mr. Vanecko was an attorney at Mayer Brown LLP in the corporate and securities practice group.

Mr. Vanecko has a B.A. degree from Yale University and a J.D. degree (magna cum laude) from Northwestern University School of Law. He serves on the boards of several charitable and civic organizations.