About Inception REIT

 

 

Inception REIT ("I-REIT") is a first-of-its-kind platform, focusing exclusively on providing real estate debt and equity capital solutions to the rapidly growing U.S. medicinal and adult-use cannabis industry. I-REIT is sponsored by The Inception Companies, a private opportunistic investment firm with significant experience investing across the regulated cannabis industry.

I-REIT focuses on originating, acquiring, financing, and managing a diversified portfolio of commercial real estate senior mortgage loans and net leased properties. I-REIT’s principals combine real estate, finance, and cannabis expertise, along with having raised, invested, or managed over $13 billion in real estate and growth equity capital investments across various industries with global investment firms including Goldman Sachs (NYSE: GS), The Yucaipa Companies, and Colony Capital (NYSE: CLNY). I-REIT neither owns, nor does it intend to own, a financial interest in cannabis businesses.  

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About Our Sponsor - The Inception Companies

 

 

The Inception Companies (“Inception”) is a private opportunistic investment firm based in Los Angeles and London with significant operating and investing experience across numerous industries, including regulated cannabis. Inception and its affiliates have deployed capital in leading consumer retail brands, agricultural & industrial operations, technology platforms, and real estate assets representing over $2 billion in aggregate enterprise value. Inception’s principals have over 60 years of combined investing and operating experience at prominent investment banking, private equity, real estate and venture capital firms. 

 

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Our Executive Team has Significant Expertise in Real Estate, Investing, and Cannabis

 

 

Richard Acosta
CEO, Managing Partner

Richard serves as Chief Executive Officer at Inception REIT (“I-REIT”). Prior to I-REIT, Richard served as the Chief Financial Officer of SBE, a global hospitality company where he, among other responsibilities, focused on corporate and asset level transactions. Prior to joining SBE in 2014, Richard was a Director at Colony Capital, a global real estate private equity firm, where he focused on executing and managing over $9 billion of private equity investments primarily in the gaming, hospitality, and media industries. Prior to Colony, Richard worked in Wells Fargo’s Real Estate Merchant Banking division. Richard holds a B.S. in Business Administration from the University of Southern California.

Brent Cox
President

Brent serves as President of Inception REIT and Founding Partner of The Inception Companies. Prior to forming Inception in 2016, Brent was a principal at The Yucaipa Companies where he focused on sourcing, executing and managing over $4 billion of private equity investments on a global basis. Previously, Brent was an investment banking analyst at Jefferies & Co. in the Leveraged Finance/Financial Sponsors Group. Brent holds a B.S. in Accounting from the University of Southern California. Brent currently serves on the boards of multiple successful cannabis companies in the U.S. and Canada.

 

Eric Clarke
Vice President

Eric heads up marketing and investor relations for Inception REIT (“I-REIT”) and has a unique combination of business development, marketing, and commercial real estate experience. Eric began his career at IDS Real Estate Group, focusing primarily on the $1.2 billion Metropolis Downtown Los Angeles development, while managing nearly 1 million square feet of industrial and office space.  Eric most recently directed global marketing for Vaultbank, an innovative financial services company utilizing blockchain technology. Prior to Vaultbank, Eric founded and successfully exited LVR, a yoga lifestyle brand. Eric is a LEED AP with the U.S. Green Building Council and holds a B.S. in Business Administration from the University of Southern California.

Mike Miller
Vice President

Mike is Vice President of finance and operations for Inception REIT and has over a decade of experience in the real estate industry. Mike began his career in New York City at Lehman Brothers and Barclays, in the Investment Banking division, underwriting over $40bn in bond financing for real estate and industrials clients. Mike most recently served as acquisitions and project manager for an established affordable housing developer in Los Angeles, garnering considerable experience in cultivating public-private partnerships and complex deal structuring that use Low-Income Housing Tax Credits. Mike holds an MBA from UCLA and an MA in Sociology & BA in International Relations from Stanford University, where he was a wide receiver for the Stanford football team. 

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