Pinnacle Real Estate selects 15 to become principals

Pinnacle Real Estate Advisors LLC has named 15 top producing brokers and key employees principals of the Denver-based company.

“These individuals all share an entrepreneurial vision and are focused on providing their clients with excellent advisory services. Each has proven a high level of market expertise in investment sales and/ or leasing as well as a commitment to client service and the company’s core values,” said Matt Ritter, who co-founded Pinnacle Real Estate Advisors with Jeff Johnson 10 years ago.

The new principals are: Justin Brockman, Kevin Calame, Jeff Caldwell, Rob Edwards, Tom Ethington, Jules Hochman, Blake Holcomb, Joe Hornstein, Jim Knowlton, Justin Krieger, Matt Lewallen, James Mansfield, Jamie Mitchell, Josh Newell and Paul Schneider.

They and other Pinnacle professionals have an opportunity to earn equity shares in the company going forward. While the initial group of principals is made up largely of senior brokers, the opportunity is available to all brokers and future recruits. The program is designed to include additional phases of new principals, from up-and-coming professionals to seasoned brokers looking for a new platform and culture.

“Our objective is to have a vibrant, full-service real estate company with top-producing brokers whose visions are aligned with ours and who share a sense of ownership for the company going forward,” said Johnson.

Ritter said the decision to add principals is something he and Johnson have shared for many years. “These folks were just so instrumental in our success over the last 10 years that we wanted to reward them for that effort. We think it’s something unique in the industry that most companies don’t do.

“If you’re a young broker who is 25 years old and trying to figure out what company you want to work for, we think it’s a big deal to know that you can work toward being our partner.”

“It’s a significant commitment on the part of Pinnacle and also a commitment from brokers toward the company’s long-term success,” said Mansfield, Pinnacle’s vice president and managing director. The opportunity to be a principal in a company often isn’t attainable, he said, particularly as institutional real estate firms continue to consolidate. It’s unique for a company to make the opportunity available to such a large group, he said.

Pinnacle is a locally owned commercial real estate company with more than 50 brokers, who completed $622 million in transaction volume in 2016. “

Pinnacle has achieved great milestones thanks to our loyal clients, dedicated staff and the teamwork exhibited by our entrepreneurial brokerage teams,” said Ritter. “This next step achieved by our newly named principals is a vital component to the Pinnacle vision, brand and culture valued by all of our brokers and staff. We look forward to expanding our leadership group and growing by adding additional brokers and principals in the coming years.”

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