Development Leadership Team
Thomas Reiter joined CREDE in 2015 as a Principal and serves as its President, and runs the Development Division. Prior to working with CREDE, he was a Principal in commercial real estate development ventures and a partner in a private equity fund. Previously, Mr. Reiter was the Chief Investment Officer for two family offices in Southern California. Mr. Reiter managed, sourced, structured, and developed real estate projects, private equity holdings, public securities and oil, and gas investments in those positions. He was instrumental in raising debt and equity, structuring investment agreements, introducing strategic partners, and executing the respective business plans. During his tenure, he developed and/or managed real estate holdings in over 20 states in a wide array of asset classes, including hospitality, industrial, multi-family, office, quick-serve restaurants, and retail.
Mr. Reiter started his career with Ernst & Young and KPMG, where he focused on capital market transactions in the US and Europe, assisted companies with mergers and acquisitions, SEC transactions (IPO’s and secondary offerings), and CMBS bond offerings.
Mr. Reiter holds a Bachelor of Science from St. Cloud State University and is a recipient of San Diego’s “40 Under 40” honor in 2009. He is a member of NAIOP and ULI.
Jay Spurgiasz has over 20 years of commercial real estate-related experience, having completed over $2 billion in cumulative financial transactions and $1 billion in acquisition transactions. Mr. Spurgiasz previously served as Chief Financial Officer for The Koll Company, where he conducted financial oversight for a portfolio of over 6.7 million SF of industrial and office properties in CA, NV, AZ, UT, CO, and TX, as well as a master-planned resort community in Mexico.
Jay’s primary responsibilities include managing all debt and equity financing, cash forecasting, financial accounting review, and analytical functions pertaining to acquisitions and dispositions. He determines and implements strategic initiatives, entity and project financial modeling, and calculates entity level returns and investor metrics. He negotiated agreements with representatives from debt and equity sources. Wrote and presented annual business plans and held/sell analyses to investors.
Previous experience includes serving as the Chief Financial Officer of a busy family office and financial analyst for Donahue Schriber, a multi-state institutionally funded private REIT. Mr. Spurgiasz holds a bachelor’s degree in business accounting and an MBA from California State University, Fullerton, graduating with Magna Cum Laude honors from both degree programs. Industry membership includes the Urban Land Institute (ULI) and the National Association of Industrial & Office Properties (NAIOP).
Jon Moyer joins CREDE in the newly created position of Vice President of Acquisitions, after spending more than seven years in Hawaii as Director of Investments for Alexander & Baldwin, a $2 billion publicly traded REIT. While there, he led the acquisition and execution of the Kaneohe Ranch Portfolio, one of Hawaii’s most historic transactions that totaled more than $373 million dollars. Prior to Alexander & Baldwin, Moyer served in Acquisition roles with Latitude Management Real Estate Investors, a private debt and equity platform in Los Angeles, as well as Arden Realty, a $3 billion REIT focused on suburban office property investments in the Western U.S.
Moyer holds a bachelor’s degree from California State University, Long Beach and received an MBA from the Smith School of Business at the University of Maryland. He is an active member of ULI and ICSC.
In this new role at CREDE, Moyer will focus on the acquisition of value-add multi-family and industrial properties along with unentitled and entitled land that CREDE can develop in Dallas/Ft. Worth and Austin, Texas, as well as other target markets in Texas.
“The Texas market has always been a key focus of CREDE and to have a dedicated development acquisition person with Jon’s expertise and background will only further our commitment and dedication to the Texas market,” said President Thomas Reiter.
CREDE currently has three projects in Texas: Hawk View Industrial Park, a 282-acre industrial development in Midland; Cougar Commercial, a 217,800 sq. ft. ground-up retail and mixed-use development in Melissa; and Melissa Village, a 315,810 sq. ft. retail and mixed-use project in Melissa.