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MEET THE TEAM
ILE CEO Mahesh Shetty presented the idea of creating wealth for investors through residential real estate investments approximately four years before ILE was founded. Raj Malik, a veteran investor, worked closely with Mahesh to design a turnkey operations-driven investment platform. After hundreds of meetings to iron out the strategies, demographics, and risk-mitigation check points, ILE was founded. DMagazine and other media outlets have called Mahesh the top corporate executive in Dallas. He was recently named a Most Admired CEO by Dallas Business Journal. Mahesh’s leadership, wealth of knowledge, and experience managing multi-million dollar projects are well known. Most recently Mahesh served for four years as nominee of a hedge fund in two separate companies. As Director, President, and Chief Financial Officer of SG Blocks, Inc. (NASDAQ: SGBX), a NASDAQ modular construction company using proprietary designs to provide affordable container-based construction solutions, Mahesh led the company to a NASDAQ listing in less than a year, supported the growth of the company’s backlog by 700% and implemented systems to support revenue growth of 250% and 160% in 2017 and 2018, respectively. In his role as Chief Restructuring Officer & Board Advisor at PFO Global, Inc. (OTC: PFGBQ), a manufacturer and commercial provider of advanced prescription lenses, he collaborated with the Board to replace the CEO, reduced $1 million in operating costs and raised $5 million in convertible debt. Mahesh previously served as Board Member, Chief Operating Officer and Chief Financial Officer at Encore Enterprises, Inc., a private real estate investment firm with over $750 million in assets. He had senior management oversight and responsibility for finance, risk management, human resources and technology. Mahesh was directly involved in over $800 million in equity and debt placements for development and acquired projects. He was a key member of the leadership team that grew company assets 1000% over eight years and completed over $1.5 billion in transactions. He also selected and implemented cloud technology systems and risk management solutions that resulted in combined annual savings in excess of $3.5 million. Mahesh started his career in a Big 4 public accounting firm and earlier in his career, worked in senior finance and operations roles with North American Technologies (NASDAQ: NATK), Excel Telecom, and Xerox (NYSE: XRX). Mahesh’s broad leadership capability extends to other roles: Mahesh was head of the Board Finance Committee for Mothers Against Drunk Driving (MADD), member of the Audit Committee for the National Board of Financial Executives International (FEI), the President of the Dallas Chapter of FEI, the Chairman of the US India Chamber of Commerce (DFW), board advisor of EZlytix LLC, a private cloud-based business intelligence software company and the Founder/board member of B.I.G. Logistics, LLC, a Texas-based logistics company. A Certified Public Accountant, Mahesh received his M.B.A. (summa cum laude) from the University of Texas, Dallas and earned a bachelor’s degree from Osmania University, India. He is a Certified Information Technology Professional, a Chartered Global Management Accountant and a Fellow Chartered Accountant.
Dinesh Parbhoo, CPA, is an accomplished and results-driven finance professional with over 30 years of experience in real estate, technology, hospitality and banking sectors. Dinesh most recently served as Director of Finance for Great Wolf Lodge in Grapevine and led all financial operations for this brand leader in the indoor water park resort industry. Prior to Great Wolf, Dinesh served as Director of Financial Planning and Analysis at Encore Enterprises, Inc., a private real estate investment firm with over $750 million in assets comprised of office, retail, multi-family, hospitality, restaurants, dental practices, and emergency centers. Dinesh began his career with Ernst & Young, followed by stints with Trammell Crow and Nortel. In addition, he has worked in SaaS educational software and sub-prime auto finance. Dinesh currently serves on the Board of the Dallas Chapter of Financial Executives International (FEI). He is a Certified Public Accountant and Certified Treasury Professional. He is a graduate of the University of Texas at Arlington with a Bachelor of Science degree in Computer Science and Engineering and a Masters in Professional Accounting.
VP of Acquisitions
Dan has been involved in over 1,750 scattered site single family acquisitions and professionally renovated over 450 homes since 2011. His family office is currently invested in single family rentals in Texas, Tennessee, and Alabama. Prior to moving into real estate full time, Dan spent seven years as an entrepreneur leading two emerging business startups. Dan started his business career with a Global Fortune 50 company and had a successful 25 year run in various sales, marketing, and general management positions ending his career as a Vice President before becoming an entrepreneur. Dan serves on the boards of Louisiana Tech University – College of Business, Valkyrie Equities Corporation (a SPIC Broker Dealer), TYME Capital Holdings, High Gravity Investments, LLC, and is the managing member of five real estate affiliated LLCs. Dan holds a Bachelor of Science in Marketing from Louisiana Tech University.
VP of Construction
Scott is responsible for construction, renovations and turns. Scott has hands-on experience in renovating over 5000 single-family homes throughout the United States. Prior to ILE, Scott served as VP of Renovations on the startup team at Lessen, Inc., a SAAS construction technology company. Lessen recently achieved unicorn status with its latest fundraising round. Scott played a key role in reimagining how rental property services are delivered by reducing the construction, operational and maintenance impact of owning and servicing investment rental properties at scale. Prior to Lessen, Scott was the National Director of Construction for Roofstock, Inc. With over 1 Billion in completed transactions, Scott successfully built a national eco-system of contractors & service providers. Prior to Roofstock, Scott worked as the Field Director for 643 Capital Management, where he participated in purchasing and renovating 5,000 SFR homes. He was recruited into 643 Capital Management based on his successful career as an entrepreneur and helping businesses scale. Scott is a graduate of Elmira College, NY with a BS in Business Administration.
Director of Technology
Derek is responsible for ILE’s technology strategy and implementation. Prior to joining ILE, Derek served as the VP of Operations for iCode, an EdTech franchisor, helping lead the firm to double digit growth, even through the pandemic, by architecting the pivot to online, and providing operational and technical guidance to franchise campuses. Derek also served as the Director of Construction during the same period, providing campus design and construction management for all new campuses. Prior to iCode Derek led the franchise division of Cash America, a publicly traded financial services company, where he rebuilt the operational infrastructure of the organization and implemented technology and business processes that led to a 50% reduction in operational expenses. During that period, Derek also held the position of Director of Acquisitions where he provided financial analysis and implemented technology solutions to streamline the acquisition and divestiture of multiple portfolio and single unit transactions. Derek also owned and operated a multi-unit restaurant franchise for over 10 years and has worked as a consultant to the franchise community, providing operational, technical, and business process guidance and solutions for multi-unit franchisors and franchisees. Derek attended the University of Texas at Austin focused on finance, engineering, and architecture.
Director of Investment
Kyle is primarily responsible for the firm’s investment strategy. Prior to joining ILE Homes, Kyle worked as a commercial lender for Liberty Capital Bank and was responsible for the sourcing and managing of lending relationships for the Bank’s commercial real estate, business banking, and private bank portfolios. Kyle started his career in public accounting, working as a tax consultant for Whitley Penn, LLP where he led full-service tax engagements at the corporate and partnership levels. Kyle currently serves on the board of the Dallas chapter of Financial Executives International (FEI) and chairs the Diversity & Inclusion committee. He also serves on the Finance Committee for the National Rental Home Council (NRHC). Kyle previously served as the chair of the North Texas chapter of the YRMA, an organization which supports the financial and accounting industries. Kyle is a Certified Public Accountant (CPA) in the state of Texas. He holds a Bachelor’s in Accounting from Oklahoma State University and a Master’s in Accounting from the University of Texas – Dallas.
Director of Asset Management
Adam is responsible for property and asset management for ILE. Adam has over twenty years of experience in commercial real estate. Prior to ILE, Adam had extensive hands-on experience in portfolio and asset management for well reputed companies including Harwood International and Billingsley Company, and seven years as the Director of Operations with a privately held firm in Dallas, Texas. Adam has provided oversight for projects and investments totaling more than $750 million and led multiple contractual negotiations with Fortune 200 companies. Over the past 20 years, Adam has had the opportunity to give back to the community and has participated with local and regional media for charitable endeavors. He is involved with several local charities, including assisting with reading, writing, and math tutoring at a local Title 1 school. Adam holds a Bachelor of Arts from Pennsylvania State University and a Master of Business Administration from Auburn University.
Director of Transactions
Krishna oversees the contract-to-close process for ILE. Krishna has a unique skill set that combines experience in scaling business operations, building processes, and positioning organizations for growth. Prior to ILE, Krishna led the franchising and branding efforts for Pinnacle Montessori in North America. In his role as Chief Operating Officer, Krishna grew the company to 40 locations amounting to $200 million in projects for the company. Krishna supervised operations and worked closely with the lending and construction and provided exceptional service to franchise owners. Krishna continues to serve on the board of directors at Pinnacle Montessori Franchise Company. Prior to his career with Pinnacle, Krishna played a crucial role in growing and operating the franchise stores of Cash America International, expanding the franchise locations by 100% within three years. Krishna also served as a Vice President of Operations and IT for a Dallas-Fort Worth-based financial services chain, Cliff’s Check Cashing. Krishna’s diverse background in executive-level management of nationwide operations and franchises is a key asset for ILE as it refines its processes and technology foundation for scalable growth. Krishna holds a Bachelor of Business Administration from the University of Texas at Arlington.
Manager of Acquisitions
Ryan is responsible for analyzing and underwriting properties and acting as a liaison between our real estate partners. Before joining ILE, Ryan specialized in buy-side representation for residential real estate. During that time, Ryan helped numerous families realize their dream of homeownership. In addition to real estate, Ryan spent 14 years in the restaurant industry and was fortunate enough to be recognized as a training leader in multiple companies. Ryan graduated with a Bachelor of Science from Stephen F. Austin State University in 2007.
Raj Malik is the founder and CEO of Bioworld Merchandising Inc., the leading global manufacturer of licensed apparel and accessories. The Irving-based company was formed in 2000 and has 10 offices worldwide with operations in Canada, China, India and the United Kingdom. Bioworld’s collaborative designers, engineers, account managers and logistics experts provide elevated pop culture merchandise representing some of the biggest brands in entertainment, gaming, and more to retailers worldwide. A 1993 graduate of The University of Texas at Arlington, Malik moved to North Texas from New Delhi to study computer science engineering. A part-time job in college led Malik to create Biodomes Headgear in 2000. He later changed the company’s name to Bioworld Merchandising as other diverse product categories came along. From apparel, headwear, socks and bags to drinkware, kitchenware and home décor, Bioworld extends the fan experience through an array of licensing agreements with international brands such as Disney, Marvel, and Nintendo, and partnerships with America’s largest and best-known retailers. Malik is a futurist who encourages his employees to challenge the status quo and to always ask “What’s next?”
Gen Fukunaga is an entrepreneur and investor. He recently retired as CEO of Funimation Entertainment which he had founded in 1994, sold in 2005 to a public company, purchased back in 2011 and sold to Sony Pictures in October 2017. Mr. Fukunaga is currently a partner in two venture capital companies and two commercial real estate private equity firms. He is also a Board member, and/or advisor for various start-ups. Funimation/Crunchyroll is the dominant distributor of Anime (Japanese animation) outside of Asia including over 1,000 brands such as Dragon Ball Z, Akira, Ghost in the Shell, Cowboy BeBop and My Hero Academia. Funimation has been credited with creating the Anime industry in North America (The Man Who Brought Anime To America: Sony Pictures Television's Funimation CEO Gen Fukunaga (forbes.com)). They handle in-house, the full breadth of title production, marketing, sales and distribution including annual production of the English version of over 1,000 TV episodes and movies, a very successful and fast growing subscription video streaming service, home video sold to all major retailers, broadcast sales to television networks, sales to all major digital download platforms, sales to all major video streaming platforms, theatrical distribution and partnering with over 100 manufacturers of character-based merchandise. Prior to founding Funimation, Mr. Fukunaga held positions at Tandem Computers (now part of Hewlett Packard), Andersen Consulting (now Accenture) and IBM. Mr. Fukunaga received a Bachelors and Masters degree in Electrical Engineering from Purdue University and an MBA from Columbia University.
Bill Cawley is the brand and vision behind Cawley Partners, a full-service, Dallas-based real estate company that focuses on commercial office products. Over the course of his career, Bill has owned all classes of commercial real estate in multiple markets across the country. Continually recognized by D CEO Magazine as one of the most influential business leaders in Dallas-Fort Worth, Bill has acquired and developed more than 12 million square feet of commercial office product. His company, Cawley Partners, has been the premier office developer along the Dallas North Tollway, developing $500 million of Class A office space totaling more than 1.5 million square feet within the last 5 years. Bill Cawley is the Chairman of TREC (The Real Estate Council) and is a past board member of NTCAR (The North Texas Commercial Association of Realtors and Real Estate Professionals). Bill is an active member of ULI (Urban Land Institute) and serves on the SMU COX Folsom Institute for Real Estate Advisory Board. In addition to his industry-related committee positions, Bill serves the local community as a Board Member of Children’s Medical, while also supporting numerous charitable organizations.
Manolo Sánchez is a director at Fannie Mae (FNM), Stewart Information Systems (STC) and BECU after having served as chair & CEO of BBVA Compass for 10 years. At Rice University’s Jones School of Business, he teaches disruption in financial services with a focus on crypto currencies and blockchain. Manolo is an advisor to several fintech and blockchain start ups, including MPower Financing, Topl, SpringLabs, Securitize, Chipper.app and ProntoPay. His banking career at BBVA, spanned over 27 years, with positions in the US, Mexico, France and Spain, and executive roles in risk management, real estate, correspondent, corporate and investment banking. Manolo has served as a director of OnDeck Capital (ONDK purchased by Enova in October 2020), BanCoppel Mexico, the American Bankers Association, the Institute of International Bankers, the Greater Houston Partnership, the Financial Services Roundtable and BITS (the technology policy division of FSR). He is currently a trustee at the Center for Houston’s Future. Manolo has volunteered extensively in the communities where he has worked, with a focus on education, health, and the arts. He is an emeritus trustee and past chair of the Post Oak Montessori School board, as well as a director of Good Reason Houston, KIPP Texas, Brighter Bites and Texas Children’s Hospital. He is a past director of the Museum of Fine Arts Houston, the Houston Grand Opera and the Houston Symphony. A graduate of Yale University, Manolo earned master’s degrees in international relations from the London School of Economics and in advanced European economics from the College of Europe in Bruges, Belgium. A native of Murcia, Spain, Manolo first came to the US as high school exchange student. In addition to English and Spanish, he speaks French, German and Arabic. A naturalized US citizen, he lives in Houston with his wife and three children.
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