Mount Elbert closes upsized first fund at $382 million.
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Tom Ray

Co-Founder and Managing Partner

Tom brings to Mount Elbert experience in acquiring, developing, and managing over $10 billion of real assets across the US and Europe, comprised of over $5.0 billion in data centers, colocation, interconnection services, and related internet infrastructure, plus over $5.0 billion in industrial, office, multifamily, for-sale residential, mixed-use, executive-suites real estate and REOCs.

Prior to co-founding Mount Elbert, Tom was a founder as well as CEO, President and Director of CoreSite Realty Corporation (NYSE:COR) and its predecessors, leading CoreSite from its inception in 2001 through its IPO in 2010, until his retirement from the company in 2016. Under his leadership as a public company, CoreSite delivered the highest total shareholder return among all US public REITs, increasing CoreSite’s equity market capitalization from $730 million at its IPO in September, 2010 to over $4.0 billion when Tom announced his retirement in July, 2016. During that period, CoreSite earned shareholders a 580% total return, correlating to a 30.5% compounded annual return. Prior to and contemporaneously with his tenure at CoreSite through its 2010 IPO, Tom was a member of the US Realty Team at The Carlyle Group, where he was a Managing Director responsible for sourcing and managing investments in North America. In that role, Tom executed on investments across data center, colocation related internet infrastructure, industrial, CBD office, hotel, for-sale residential condominium, multi-family, and mixed-use property types. Prior to Carlyle, Tom held roles of increasing responsibility with Security Capital Group and its affiliates (Prologis, CarrAmerica, and predecessors to Archstone-Smith) in the US and Europe across acquisitions, development and leasing. During his tenure with Prologis, Tom was a founding member of the company's European operations. Prior to Security Capital, Tom was an attorney focused upon real-assets transactions and related tax matters.

Tom earned a B.S.B.A. in Finance from the University of Denver, where he was a Hornbeck Scholar, a J.D. from the University of Colorado School of Law, and an MBA from the University of Texas at Austin, where he was a Longhorn Scholar.

Portfolio Company

EdgeCore Internet Real Estate

An investment vehicle developing, acquiring, and operating wholesale data centers and related infrastructure, initially capitalized with over $900 million of equity commitments, including $382 million committed from Mount Elbert Capital Partners Fund 1.

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