Our Experience
Our Team
Mike Kelly
Bill Leseman
Karsang Sherpa
RAM Partners

  MIKE KELLY, President & Co-Founder

Mr. Kelly has over 20 years of real estate experience encompassing more than 200 different transactions valued over $5 billion. He has managed acquisition teams who have sourced and closed over $3.7 billion in transactions. These transactions included over $2.2 billion of multifamily assets; $1.2 billion of which he personally sourced and closed. 

Prior to founding Caldera, Mr. Kelly was the Managing Director & Chief Acquisition Officer at Dividend Capital Total Realty Trust, a private REIT based in Denver. Previous experience also includes Senior Vice President of Acquisitions and Dispositions at United Dominion (NYSE: UDR). Mr. Kelly gained extensive experience in Pension Fund Advisory while working as Senior Vice President of Acquisitions at URDANG/ Bank of NY Mellon and as Principal at Lend Lease. He was also a founding partner of Apartment Realty Advisors.

Mr. Kelly has also been involved in forming recapitalization strategy and implementing transaction decisions. He managed the acquisition process between six different pension funds and five internal fund managers. Transactions included conventional 100% equity acquisitions, joint ventures on existing assets, new development joint ventures, pre-sales on future development and properties with existing debt.

Mr. Kelly holds a BBA from the University of Notre Dame. He became a certified public accountant (CPA) in 1992 while working for KPMG - ATLANTA.  He is a member of the Turnaround Management Association.