Business Details
12 Years
experience
Expert Commercial Real Estate Investment Solutions
Founded in 2014 by Tim Shoultz, SMARTCAP Group specializes in commercial real estate investments with a focus on industrial and office properties in the Puget Sound region. Our strategy emphasizes minimizing risk through value-add acquisitions, conservative debt-to-equity ratios, and strategic asset positioning for long-term appreciation. With over $500 million in assets under management and a track record of delivering 23% IRR to investors, we leverage proprietary software tools for data-driven decision-making and asset analysis. Our team brings 60+ years of combined experience in real estate development, finance, and operations, ensuring clients benefit from deep market expertise and transparent communication.The companys investor-centric approach includes a user-friendly online portal for performance tracking, quarterly updates, and streamlined tax documentation. SMARTCAP prioritizes long-term relationships with investors, partners, and tenants, supported by a disciplined underwriting process and a commitment to sharing risk with investors through co-investment in every deal. Our values of transparency, teamwork, and detail-oriented execution have driven the completion of over $462 million in transactions and the development of 970,000 square feet of industrial space.
Services
Industrial Acquisitions
Ground-Up Development
Opportunity Zone Investments
Portfolio Management
Asset Development
Details
- Year established: 2014
Highlights and features
- We deliver a 23% IRR track record net of fees and expenses.
- Our proprietary software tools enable detailed asset analysis and value discovery.
- Investor portal provides real-time performance tracking and quarterly updates.
- Team brings 60+ years of combined commercial real estate experience.
- Conservative debt-to-equity ratios minimize risk while maximizing returns.
Services
Industrial Acquisitions
SMARTCAP identifies and acquires value-add industrial properties in high-growth markets. Our team conducts rigorous financial analysis to secure assets at favorable pricing, leveraging conservative debt structures to maximize returns. Investors benefit from strategic asset positioning and long-term appreciation potential in key Puget Sound submarkets.
Ground-Up Development
We develop state-of-the-art industrial facilities from raw land, focusing on Class-A manufacturing and logistics spaces. Projects include Arlington Air North Industrial Park, featuring flexible leasing options and modern infrastructure. Our developments target 13%-15% IRR over a 10-year horizon, with shovel-ready Opportunity Zone advantages.
Opportunity Zone Investments
SMARTCAP offers equity opportunities in federally designated Opportunity Zones, combining competitive returns with tax benefits. These funds target underdeveloped areas, creating jobs and economic growth while delivering projected 17%-18% post-tax IRR to investors through industrial developments in Arlington and Marysville.
Portfolio Management
Our team manages over 1.6 million square feet of commercial properties, ensuring optimal performance and tenant satisfaction. Services include financial reporting, capital improvements, and leasing strategies tailored to market demand, supported by a proprietary platform for investor transparency.
Asset Development
We specialize in transforming raw land and underperforming assets into high-yield investments. This includes entitlement processes, construction management, and market-driven leasing strategies. Recent projects have added over 600,000 square feet of industrial space, enhancing portfolio value through disciplined execution.
People
Tim Shoultz
Founder/CEO
15-year CRE veteran with prior Microsoft leadership experience. Founded SMARTCAP after successful commercial construction venture. Holds BS in Architecture from Washington State University. Recognized for industry expertise and innovative investment strategies.
Leslie Neel
Director of Finance
CPA with 25 years of public accounting experience. Manages SMARTCAPs financial operations since 2017. Graduated from Western Washington University with Bachelor of Accounting. Specializes in real estate finance and compliance.
Kellanne Henry
Director of Asset Management
MBA holder with 15+ years at firms like Prudential and Clarion Partners. Oversees asset strategy and portfolio performance. Linfield University trustee with expertise in national real estate markets and value optimization.
Brittney Brandt
Director of Development
BS in Architecture from Washington State University. Leads design and construction for SMARTCAPs projects. Former Amazon senior manager with 16 years of Seattle real estate experience in commercial and mixed-use developments.
Marcin Chojnowski
SVP of Investments
16-year logistics industry veteran from DHL and Maersk. Manages industrial real estate strategy. Holds MA degrees from Warsaw and Liverpool Universities. Expertise in portfolio expansion and market analysis for North America.
Questions
What types of real estate does SMARTCAP invest in?
SMARTCAP focuses on industrial and office properties in the Puget Sound region, including value-add acquisitions, ground-up developments, and Opportunity Zone projects.
What is SMARTCAP’s historical investor return?
SMARTCAP has delivered a 23% IRR to investors net of fees and expenses across its portfolio of industrial and office real estate investments.
How does SMARTCAP minimize investment risk?
We use conservative debt-to-equity ratios, value-add pricing strategies, and data-driven underwriting to ensure disciplined risk management for all projects.
What is an Opportunity Zone investment?
Opportunity Zones offer tax advantages for investments in designated economically distressed areas. SMARTCAP’s funds target these zones to create jobs and deliver competitive returns.
How can investors track their SMARTCAP investments?
Investors access a proprietary online portal for real-time performance tracking, quarterly updates, distribution history, and tax document downloads.
