Jared S. Smith and Thomas W. Lewis became acquainted in Philadelphia while attending the Wharton School of the University of Pennsylvania. After working for separate large real estate investment firms, they combined efforts to form Pennbridge Capital in the fall of 2005.
Pennbridge solely focuses on hotel investments, through acquisition and development, and the operational success of those investments with a very hands-on approach to asset management. Pennbridge owns multiple hotels and is a franchisee of Marriott and InterContinental Hotels Group.
Jared S. Smith, Principal
Mr. Smith is a co-founder of Pennbridge Capital and one of the firm's principals. Prior to starting Pennbridge Capital, Mr. Smith worked for various investment groups focusing on real estate acquisitions and development. While at Starwood Capital Group, a real estate opportunity fund based in Greenwich, CT, he participated in the underwriting of over one billion dollars of multi-tenant properties across asset classes.
While working for Brighton Corporation and Hawkins-Smith Management, Mr. Smith developed retail shopping centers, focusing predominantly on the procurement and entitlement of land for future Walgreens' pharmacy stores and other retailers. Mr. Smith has worked for other notable firms such as Salomon Smith Barney's Real Estate Investment Banking Group in New York City, where he participated in corporate debt and equity issuances, and Grosvenor International Limited in Washington D.C., concentrating on the development of office parks in the mid-Atlantic region.
Mr. Smith holds a Bachelor of Science in Economics with a concentration in Finance from the Wharton School of the University of Pennsylvania, graduating magna cum laude, and a Master of Science in Real Estate Development from the Massachusetts Institute of Technology.
Thomas W. Lewis, III, Principal
Mr. Lewis is a co-founder of Pennbridge Capital and one of the firm's principals. Prior to starting Pennbridge Capital, Mr. Lewis was a Vice President with W.P. Carey & Co., LLC, a real estate investment firm headquartered in New York City and the largest provider of sale-leaseback financing in the nation. While at W.P. Carey, Mr. Lewis was responsible for asset dispositions, lease and debt workouts, analyzing/underwriting the credit profile of potential tenants, property financing, tenant bankruptcy workouts, lease restructuring, and asset re-leasing for more than one and a half billion dollars of assets under management. Additionally, Mr. Lewis dealt with complex environmental issues, negotiating redevelopment plans for obsolete assets, and structuring and implementing financial and operational covenants. Prior to his experience with W.P. Carey, Mr. Lewis worked in the Investment Management Division of Goldman Sachs.
Mr. Lewis was educated at Brigham Young University and the Wharton School of the University of Pennsylvania. Additionally, Mr. Lewis is a licensed real estate broker in Utah.