Exterior of 7 story glass and concrete building with government building in the background.
Interior of a condo, showing kitchen, small dining set and living room.
Modern minimalist Interior office waiting room, with floor to ceiling windows on the left.
Three story apartment building with wood exterior, painted dark grey with red and white accents.
Large office foyer open to 2 stories.
Exterior of large commercial building covering several acres.

Focus on the Middle

BIG Equity invests in real estate that serves the living, working, and consumption needs of the middle class

Company lounge with plush brown leather furniture and text on the wall reading "Collaborate."
1515 Montford Park - Charlotte, NC

Our Business

BIG Equity Investors LLC is an institutional real estate private equity platform that invests in middle market real estate in select high-growth markets across the continental United States.

The firm is an affiliate of Basis Investment Group, a commercial real estate investment manager primarily focused on middle market debt and structured equity strategies. For more information, go to www.basisinvgroup.com

Basis Investment Group, LLC logo

Our Strategy

Generate alpha for our investors through value-add and opportunistic investments in partnership with best-in-class operators and developers.

Interior of a bedroom in a unit at The Boot Ranch Apartments in Tampa, FL.
The Boot Ranch Apartments - Tampa, FL

Target Markets

Regional economic hubs and high growth secondary MSAs that lead the U.S. in employment growth, millennial and baby-boomer migration, and GDP growth

Court atrium open to 4 stories, large windows, wood and metal accents.
Court - St Paul, MN

Asset Types

Multifamily: Class B/C workforce & affordable

Industrial: Last-mile & bulk distribution warehouse

Office: Class B/C, CBD and suburban

Hospitality: Limited-service & extended stay

Retail: Drug & grocery-anchored community centers

Vinings model kitchen with all stainless steel appliances.
Modera Vinings - Atlanta, GA

Transaction Size

$25-$100 million Asset Size

Multifamily: ≤ 400 Units

Industrial: ≤ 500K SF

Office: ≤ 250K SF

Hospitality: ≤ 300 Rooms

Retail: ≤ 200K SF

Office interior, showing small conference room with floor to ceiling windows next to the hallway.
Gramercy Plaza - Torrance, CA

Risk Profile

Value-Add: In-place cash flow, physical and/or operational improvements

Opportunistic: Ground-up development, distressed acquisitions

Partners

Our People

Tammy K. Jones
Tammy K. Jones
Co-Founder & Chief Executive Officer
Tammy K. Jones

Tammy K. Jones

Co-Founder & Chief Executive Officer

Ms. Jones has more than 20 years of experience in the commercial real estate industry. Over her entire career, Ms. Jones has invested in and loaned CRE assets on behalf of large pension funds and institutional investors, including Equitable Real Estate (largest pension fund advisor and investment management firm at the time), GMACCM (one of the largest CRE lenders, owned by GM) and CWCapital (the U.S. debt investment platform owned by Caisse de dépôt, one of the largest pension fund managers in Quebec). Ms. Jones is a seasoned veteran in CRE investments, capital markets, and structured finance. Since 2009, Ms. Jones has served as both Co-Founder & Chief Executive Officer of Basis Investment Group (Basis), a multi-strategy commercial real estate investment platform she founded with JEMB Realty Corporation that acquires and originates a variety of senior and subordinated loans, preferred equity and joint venture equity positions on behalf of its investors. Under her leadership, Basis has succeeded in closing nearly $4.0 billion in commercial real estate debt and structured equity related investments across the United States. Prior to joining Basis, Ms. Jones worked at CWCapital LLC (CW) from 2004 to 2009, serving as head of CW’s fixed and floating rate Capital Markets Lending Division and closing approximately $6B in investments. Between 1997 and 2004, Ms. Jones was a Senior Vice President of Commercial Capital Initiatives, Inc., a GMACCM subsidiary (now Berkadia) (GMAC) and part of the leadership team responsible for creating GMAC’s Capital Markets lending division. Prior to her seven years with GMAC, she held various positions on the equity and asset management side of the business at commercial real estate investment companies including Equitable Real Estate and AMRESCO Management, Inc.

Ms. Jones currently serves as Chair for Mack-Cali Realty Corporation (NYSE: CLI) and formerly served as Lead Independent Director since June 2020, is an Independent Director for Crown Castle International Corp.(NYSE: CCI), is the Chair of the Real Estate Executive Council (REEC), is a member of the President's Council of Cornell Women (PCCW), is a member of the Executive Leadership Council, is on the Advisory Board for NYU’s Schack Institute of Real Estate and is the Vice-Chairman of Basis Impact Group Foundation, a non-profit organization dedicated to creating a pipeline of women and minorities in commercial real estate. Ms. Jones formerly served as an Independent Director for Monogram Residential Trust, Inc. (NYSE: MORE). Ms. Jones was selected as one of Crain’s New York Business’ Notable Black Leaders and Executives of 2021, received the 2020 Cornell Baker Industry Leader Award, received the Council of Urban Professionals (CUP) 2019 Finance Catalyst Award and was recognized as one of The Network Journal’s 25 Most Influential Black Women in Business in 2017. Ms. Jones holds a BA in Economics from Cornell University and an MBA with a concentration in Real Estate Finance from the J. Mack Robinson College of Business at Georgia State University.

Kunle Shoyombo
Kunle Shoyombo
Co-Founder & Chief Investment Officer
Kunle Shoyombo

Kunle Shoyombo

Co-Founder & Chief Investment Officer

Mr. Shoyombo is Chief Investment Officer of Basis where he oversees investment sourcing, investment analysis, and investment management. Together with the CEO, Mr. Shoyombo develops and maintains Basis’s investment goals, acquisition strategies, capital raising initiatives, asset allocation, employee management and overall firm leadership.  Mr. Shoyombo has more than 25  years of experience in all aspects of CRE debt financing and structured equity investments. Prior to joining Basis, Mr. Shoyombo served as Managing Director and CIO for the Capital Markets Lending Division of CWCapital. He was one of original four senior executives who established CW Capital’s lending platform, which originated, securitized, and sold CRE loans and structured equity investments totaling in excess of $6 billion. While at CWCapital, Mr. Shoyombo played a vital role in sourcing, underwriting, and structuring bridge loans, mezzanine and preferred equity investments.  He also served as member of CW Capital’s Investment Committee. Prior to joining CW Capital, Mr. Shoyombo held a senior position at GMAC Commercial Mortgage where he played an instrumental role within the company’s CRE loan origination and securitization group. While at GMACCM, Mr. Shoyombo sourced, underwrote and closed CRE investment transactions in excess of $4 billion, and also served as a member of the firm’s Investment Committee. Prior to GMACCM, Mr. Shoyombo held various senior positions at major financial institutions including Nomura Asset Capital, where he was responsible for originating, structuring, closing, and securitizing fixed and floating rate debt instruments in excess of $3 billion; Community Redevelopment Agency of Los Angeles; and Kenneth Michael and Company. Mr. Shoyombo earned an MBA in Finance with Honors from the Anderson Graduate School of Management at UCLA.

Dale Burnett
Dale Burnett
Co-Founder & Head of Investments
Dale Burnett

Dale Burnett

Co-Founder & Head of Investments

Mr. Burnett is a seasoned real estate investment professional that has invested over $14 billion of equity in opportunistic and value-add real estate projects globally. His transaction experience includes acquisitions, restructuring and asset management in the U.S., Europe and Asia where he has executed direct investments and joint-ventures in all the major real estate asset classes. Today, Mr. Burnett is Managing Director, Investments for BIG Equity Investors LLC (“BIG Equity”), a minority-owned investment management platform that invests in middle market real estate on behalf of institutional LPs. At BIG Equity, Dale helps to lead the firm’s investment business including strategy formation, sourcing and acquisitions. He is a member of the firm’s investment and ESG committees. Prior to BIG Equity, he led all aspects of the real estate equity investment business for Assurant, a Fortune 500 firm. In this role, he oversaw real estate equity investments in both Assurant’s $13 billion asset management group and Assurant Investment Management, the Firm’s third-party investment management platform. At Assurant, Dale was a member of the Firm’s Real Estate Investment Committee and the CEO’s Global Diversity Council.

Before Assurant, Mr. Burnett was a senior investment principal in AIG’s Global Real Estate Investment practice. At AIG, he specialized in the execution of joint-venture investments globally and played a key role in the successful restructure and re-launch of AIG’s $25B real estate investment platform. He began his career in real estate providing merger and post acquisitions advisory services to the Blackstone Real Estate Group during the assemblage of their acclaimed LXR and Extended Stay real estate portfolios. Dale has also held consulting and investment positions with Ernst & Young and Merrill Lynch respectively. In addition to his professional activity, Mr. Burnett was previously a Governor appointed Board Director of the New York Business Development Corporation and is a current appointee to the New York State Real Estate Board. He is also chairman of the Praxis Housing Board, a Council member of the Urban Land Institute and a dedicated minister in his local church. Mr. Burnett received a bachelor’s degree in finance from Boston University and an MBA from Dartmouth’s Tuck School of Business where he was both a Robert Toigo and Consortium Fellow. He resides in Westchester, New York with his wife and three daughters.

Patrick Egeonu
Patrick Egeonu
Co-Founder & Head of Asset Management
Patrick Egeonu

Patrick Egeonu

Co-Founder & Head of Asset Management

Mr. Egeonu is Managing Director, Asset Management for BIG Equity Investors LLC. In this role, he is responsible for investment performance and business development for BIG Equity.  This includes executive oversight of all asset-level activity in collaboration with operating partners/sponsors and sourcing new and cultivating existing investors on behalf of the venture.

Mr. Egeonu was formerly head of asset management for the real estate equity platform of Assurant Investment Management (AIM), a subsidiary of Assurant, Inc. He was responsible for the investment performance of the company’s real estate portfolio, including business plan development and execution, leasing, property operations, financing, and dispositions, and was a member of the Firm’s real estate investment committee.  Mr. Egeonu also sourced and executed investment opportunities on behalf of AIM, with specific expertise in the office sector.

Mr. Egeonu has over 17 years of experience in finance and real estate, and to date he has been responsible for real estate transactions and development projects totaling in excess of $10.0 billion. Prior to Assurant, Mr. Egeonu was a project manager with Silverstein Properties, where he was a key member of the team responsible for the $1.6 billion construction financing for 3 World Trade Center. Previously, Mr. Egeonu was an asset manager with Canyon Capital Realty Advisors where he was responsible for a $1.0 billion multi-asset class portfolio. There, he managed dispositions, re-financings and was also involved in distressed investments workouts.  Mr. Egeonu received a bachelor’s degree in English from Amherst College, and earned an MBA in Real Estate and Finance from the Wharton School at the University of Pennsylvania, where he was a Robert Toigo Fellow.

Phillip Chun
Phillip Chun
Co-Founder & Head of Finance and Portfolio Management
Phillip Chun

Phillip Chun

Co-Founder & Head of Finance and Portfolio Management

Mr. Chun is Managing Director, Finance & Portfolio Management for BIG Equity Investors LLC. In this role, he is responsible for the financial and operational performance of BIG Equity’s portfolio and business, respectively.  This includes executive oversight of both the finance and business operations functions of BIG Equity.

Mr. Chun previously oversaw the operational and financial aspects of the real estate portfolio for Assurant Investment Management (AIM), a subsidiary of Assurant, Inc. With a focus on finance & portfolio management, Mr. Chun managed joint venture partners in areas of governance, financing, accounting, reporting and supported asset management. Mr. Chun was also responsible for all internal finance and controllership requirements including cash management, FP&A processes, valuations, and liaising with AIM’s controllership team. Also, as acting CFO of the real estate fund business, Mr. Chun was responsible for managing the 3rd party fund administrator and all investor requirements. Mr. Chun was also responsible for assisting AIM’s CFO with managing all finance and accounting matters for AIM’s CLO platform.

Prior to joining Assurant, Mr. Chun was the Financial Planning & Analytics Manager for Rouse Properties, a retail-focused REIT. Mr. Chun joined Rouse Properties from GE Real Estate where he was the Finance Manager for the US Equity business. He was responsible for financial reporting, forecasting and partner relationships for the $5 billion portfolio of both wholly-owned and joint venture real estate investments. Mr. Chun has also held positions with Macquarie Capital Advisors, Ellis Partners and JPMorgan Chase.  Mr. Chun received a Bachelor’s degree in Engineering from Columbia University.  He resides in Westchester, NY with his wife and two boys.

Matt Glantz
Matt Glantz
Assistant Vice President
Matt Glantz

Matt Glantz

Assistant Vice President

Mr. Glantz is an Assistant Vice President for BIG Equity Investors LLC. In this role, he is responsible for underwriting and executing real estate investments including all aspects of financial analysis, due diligence, and ongoing portfolio monitoring.

Mr. Glantz was formerly an Associate for the real estate equity platform of Assurant Investment Management (AIM), a subsidiary of Assurant, Inc. where he had the same responsibilities.  Prior to Assurant, Mr. Glantz was a Senior Associate of Acquisitions & Development at Brack Capital Real Estate (“BCRE”), a fully integrated global owner and developer of real estate. At BCRE, Mr. Glantz was responsible for underwriting and analytics on BCRE’s U.S. acquisitions, debt and equity financings, and shared responsibility of project management. Mr. Glantz previously worked in Citi’s Capital Market division as an Analyst in the Derivatives Solutions Group, structuring and executing interest rate derivatives for corporate clients.  Mr. Glantz graduated from Carnegie Mellon University with a Bachelor of Science in Business Administration from The Tepper School of Business and an additional major in Decision Science.

Ana Kalugina
Ana Kalugina
Senior Associate
Ana Kalugina

Ana Kalugina

Senior Associate

Ms. Kalugina is a Senior Associate for BIG Equity Investors LLC.  In this role, she is responsible for underwriting real estate investments including all aspects of financial analysis and due diligence as well asset management duties.

Ms. Kalugina was formerly a Senior Associate with Situs AMC, supporting a real estate debt fund where she was responsible for underwriting and closing of subordinate debt investments in middle market opportunities.  Prior to Situs AMC, Ms. Kalugina worked for JP Morgan’s Real Estate Banking group as an Associate responsible for underwriting senior financing investments.  Ms. Kalugina earned a Master of Business Administration from Cornell University and a Master in Professional Studies in Real Estate from the SC Johnson College of Business.  Ms. Kalugina earned her Bachelor of Science in Business Administration from the University of Missouri - Columbia.

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