A seasoned finance and commercial real estate leader, Michael Lapporte will provide strategic direction for firm investments
DENVER, CO — October 14, 2021 — ERES Capital LLC, the full-service investment and development division of ERES Companies (ERES), has announced that veteran finance and commercial real estate executive Michael Lapporte has joined the firm as Vice President of Acquisitions. In this role he will focus on procuring existing assets and new development projects across a variety of opportunistic investments.
Based out of the Denver, CO office location, Lapporte will initially concentrate on the acquisition of existing real estate investments in the Rocky Mountain Region, with a strong focus on the Colorado and Arizona markets. The focus shall expand nationally as more assets are acquired. In addition to his acquisition and development roles, other duties will include due diligence, potential joint venture partnerships, fund creation, capital formation and property underwriting.
“I am thrilled to be joining the ERES Capital team,” says Lapporte. “I have known and worked with Mike Elliott on many transactions in the past, and the ERES Capital platform he created is a perfect extension of ERES Companies’ core competencies.”
Prior to joining the ERES Capital team, Lapporte has broad ranging professional experience having spent seven years in the securities industry and over 15 years in the commercial real estate sector. He has worked in commercial brokerage, property development, acquisitions, dispositions, and financing. In total, Lapporte has completed over $1 billion in enterprise value of transactions to date.
“As we expand our focus to new domestic opportunistic markets, Michael brings the necessary acquisitional expertise to help ensure strong returns for our investors,” says ERES Capital CEO Mike Elliott. “We are excited to have him on our growing team.”
Born and raised in northern California, Lapporte received his undergraduate degree with a double major in Finance and Marketing from the University of Denver, and also completed his master’s degree in Finance/Real Estate from the institution’s Daniels College of Business.
ABOUT ERES CAPITAL
ERES Capital, the investment and development division of ERES Companies (ERES), is a full-service investment platform catering to both domestic and international markets. Headquartered in New York City, the group has a strong focus on opportunistic secondary and tertiary markets and typically seeks unique, off-market opportunities across hospitality, healthcare, industrial and education verticals that can earn above average returns for investors. For more information, visit www.EREScapital.com.
ABOUT ERES Companies
ERES Companies is a full-service real estate platform. Our core focus is on fast-growing secondary and tertiary markets where we partner with companies and investors to maximize their real estate portfolios. ERES provides brokerage, project management, property and facility management, energy market services, construction, and consulting services. Always opportunistic about expanding operations, ERES has eleven domestic and international office locations in Denver, CO (Headquarters), Bozeman, MT, Fort Worth, TX, Grand Junction, CO, Houston, TX, Midland, TX, New York, NY, Sarasota, FL, Washington D.C., Williston, ND and Neuquén, Argentina. For more information, visit www.erescompanies.com.
Julia DuVal Ziegler
Director of Marketing