Brian T. Kelly

Principal, Asset Management at Walton Street Capital LLC

Brian T. Kelly

Brian T. Kelly

Principal, Asset Management at Walton Street Capital LLC

Biography

Prior to joining Walton Street, Mr. Kelly was an Associate at JMB Realty Corporation in the Financial Reporting Group. He has a BSA from Northern Illinois University and a JD from DePaul University. Mr. Kelly is a CPA.

Overview
RelSci Relationships

267

Number of Awards

1

Relationships
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Co-Founder at Walton Street Capital LLC

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Co-Founder at Walton Street Capital LLC

Relationship likelihood: Strong

Co-Founder at Walton Street Capital LLC

Relationship likelihood: Strong

Co-Founder at Walton Street Capital LLC

Relationship likelihood: Strong

Chief Financial Officer at Walton Street Capital LLC

Relationship likelihood: Strong

Principal at Walton Street Capital LLC

Relationship likelihood: Strong

Principal, Asset Management at Walton Street Capital LLC

Relationship likelihood: Strong

Executive Officer at Walton Street Real Estate Partners VII-NGE LP

Relationship likelihood: Strong

Senior Principal, Asset Management at Walton Street Capital LLC

Relationship likelihood: Strong

Senior Principal, Asset Management at Walton Street Capital LLC

Relationship likelihood: Strong

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Brian T. Kelly
Principal, Asset Management at Walton Street Capital LLC
Education
BSA

Chartered in 1895, Northern Illinois University first opened its doors in 1899 as the Northern Illinois State Normal School solely to prepare college-educated teachers. The university has since grown into a world-class university that attracts students from around the globe while still serving the northern Illinois region. We remain deeply committed to preparing teachers and providing an excellent and affordable higher education to Illinois families.

Juris Doctorate

DePaul University College of Law challenges and enlightens students by placing the highest priority on innovative programs of instruction that include both traditional classroom theory and professional skills training

Career History
Principal, Asset Management
Current

Walton Street Capital (WSC) seeks to acquire real estate assets that have significant cash flow and the potential for residual value enhancement through targeted capital improvements, tenant lease-up opportunities and improvements in operating efficiencies. The firm employs a value approach that targets the acquisition of real estate assets at a discount to their replacement cost or, in some cases, below their current market value. WSC also makes larger investments of $100 million and up in assets with significant scheduled tenant rollover and/or capital improvement requirements.WSC participates in transactions involving complex ownership situations. They acquire real estate assets which are undervalued due to the complexity or illiquidity of the existing ownership or capital structure. In such situations, the firm seeks to gain control of the asset and prepare the asset for sale, without the prospective risks of bankruptcy, fragmented ownership or property-level issues.The firm also seeks to invest in illiquid structures. The firm looks for passive opportunities to acquire the interests of an entity at a significant discount to the underlying net asset value when the underlying assets are nearing their disposition.Although WSC primarily invests in US assets, they do seek access to opportunities within global markets. The firm accesses these global opportunities through experienced, local partners and operators who have established, long-term relationships within their markets and have access to proprietary transaction flow.In addition, WSC participates in selected land acquisition and development opportunities. The firm seeks to capitalize on an imbalance between the supply and demand of space for a particular property type in specific markets which possess proven barriers to entry.The firm looks for opportunities to capitalize on pricing arbitrage opportunities within and between the public and private markets. They invest in entities that require additional capital to restructure their ownership, recapitalize their portfolios, fund additional acquisitions and to capitalize on the spread between the private net asset value of a public entity's underlying real estate and the public entity's share price.WSC considers private equity platform investments in experienced real estate operators or operating companies that need capital to expand or to develop a significant asset base. The firm seeks to build enterprises that they cannot build efficiently on their own. They invest in assets that have public and/or private exit opportunities and significant upside through the consolidation of a fragmented asset ownership base and the potential for attractive returns on cost due to an enterprise's leading expertise or specific industry profile.

Associate
Prior

JMB Reality Corp. provides real estate management and investment services. It owns, develops and manages projects throughout North America, including regional malls, hotels, planned communities and office complexes. The company was founded by Robert Judelson, Judd Malkin & Neil Bluhm in 1968 and is headquartered in Chicago, IL.

Awards & Honors
CPA (Certified Public Accountant)
Other Affiliations

Brian T. Kelly is affiliated with Walton Street Capital LLC, JMB Realty Corporation

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