The Burrell Group
The Burrell Group, LLC is a portfolio of individual privately held companies that focuses on medication education, behavioral sciences, financial services, commercial and residential real estate, construction, aviation, food service programs in partnership with public and private universities, security and life safety systems, as well as medical technology and natural resources.
Mr. Burrell formed The Burrell Group in 2008. Its first initiative was to form an actively managed investment fund called The Term Asset Loan Facility Credit Opportunities Fund (the “TALF). The Term Asset-Backed Securities Loan Facility derives from a program created by the U.S. Federal Reserve to spur consumer credit lending. The program was announced on November 25, 2008 and was designed to support the issuance of asset-backed securities collateralized by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration. Under TALF, the Federal Reserve Bank of New York authorized up to $200 billion of loans on a non-recourse basis to holders of certain AAA-rated ABS backed by newly and recently originated consumer and small business loans. In the role of CEO and Co-Chief Investment Officer, Mr. Burrell qualified the fund to participate in the program and successfully acquired and sold over $2bn in ABS securities through the TALF program over a period of 2-years.
After the sale of the TALF fund assets, under The Burrell Group, Mr. Burrell in 2010 Founded Gemini Rosemont Commercial Real Estate and led the development of the business as Chairman and CEO until ultimately facilitating its sale in 2015 to Sino Ocean Land (SEHK: 3377), a leading publicly traded commercial real estate company headquartered in Hong Kong. During The Burrell Group’s tenure, under Mr. Burrell’s leadership, Gemini Rosemont Commercial Real Estate grew to an enterprise value of approximately $3.5bn USD with assets primarily located in the Southeast and Southwest United States (https://geminirosemont.com/). Over a 4-year period, the company acquired and managed more than 17mm square feet of commercial and residential property through a vertically integrated management structure.
Upon the sale of Gemini Rosemont Commercial Real Estate, The Burrell Group created a newly formed commercial and residential realty division, which focuses on investments in health care/medical infrastructure, student housing, multi-family apartments, as well as storage and industrial facilities (see examples of selected individual property information in the current and prior holdings section of this website). Typically, The Burrell Group also acts as operator for the properties that it acquires or develops.
The Burrell Group also has a real estate related aviation division, which has the proposed objective of partnering with local counties and municipalities to enter into long-term leases to re-develop underutilized airport locations and to operate them, and to improve them so that they can service and receive commercial goods from large cargo aircraft. The Burrell Group will construct and then operate institutional size cold and dry storage facilities on these airport locations and provide logistical support to deliver goods to large metropolitan areas as the last point of service. These operations are principally located in the State of Florida and leverage Mr. Burrell’s experience in industrial storage at Gemini Rosemont Commercial Real Estate.
Separately, The Burrell Group, under Mr. Burrell’s leadership, is the Co-founder of The Burrell College of Osteopathic Medicine (“BCOM”) and served as Executive Chairman and Lead Managing Member of the College from 2013 until 2019. The Burrell Group and Mr. Burrell specifically has since transitioned into the role of Executive Director, Lead Manager and Budget Committee Chairman. Launched from idea stage in 2012 and through an innovative public-private partnership in affiliation with New Mexico State University (https://bcomnm.org/), BCOM became the first of its kind in the nation. BCOM had the distinction of graduating its first cohort of 162 medical students in 2020.
The Burrell Group, under Mr. Burrell’s leadership, is also the Founder of The Idaho College of Osteopathic Medicine (“ICOM”), that was launched from idea stage in 2014 and operates in a similar public-private partnership model as BCOM through its affiliation and partnership with Idaho State University (https://www.idahocom.org/). Similarly, The Burrell Group and Mr. Burrell specifically served as Executive Chairman and Lead Managing Member through 2020 and has now transitioned into the role of Executive Director and Lead Managing Member.
While BCOM and ICOM are entirely separate and distinct institutions of advanced higher learning, they share a similar mission of serving chronically, medically underserved areas of the Mountain West and Southwest regions, both Colleges partner with hospital systems and clinical organizations on a national basis. The Burrell Group is proud to advance this important mission with its partner Rice Management Company, a leading national endowment with over $6.3bn of assets under management.
In 2019, The Burrell Group developed Wilderness Recovery Retreat Centers of North America to expand its reach into the area of process addiction disorder and mental health related to technology dependency, with a specific purpose of serving the needs of young adults between the ages of 18 and 25. Developed in coordination with The Burrell Group’s interest in its medical schools and working with public universities, and prominent non-profit organizations focused on this area, and well as state governmental agencies. The Burrell Group is already in the process of developing multiple sites across the country, which it has recently acquired, to create an ecosystem that connects truly unique properties to provide holistic, humane and a balanced life approach to the use of modern technology modalities. The Burrell Group is developing its first two large clinical and therapeutic sites, in North Florida and in Northern New Mexico.
Separately, in the health care technology sector, The Burrell Group actively invests in innovative medtech companies that are at early, middle, and late stages in their development that provide a variety of products, services, and solutions. The objective of these companies is to focus its investments on businesses that have demonstrated the potential to significantly improve patient care outcomes, while at the same time reducing cost structures. As one example, The Burrell Group was recently a strategic investor and Mr. Burrell served as Director of Exagen Diagnostics, as well as on its compensation committee (NASDAQ: XGN). Mr. Burrell assisted in that Company’s successful IPO in September, 2019 at a market capitalization of approximately $240mm.
The Burrell Group, through its wholly-owned subsidiary company Burrell Western Resources, also serves as the holding company for West Coast Aggregate, LLC, a silica mining operation primarily serving the States of Nevada and California, also operates a garnet mine operation in Southern New Mexico, serving the Gulf Coast Region of the United States. Both of these operations are surface mining in nature and provide important product solutions to the construction and oil/gas industries.
The Burrell Group formed a partnership in 2019 with Frank Bauer, founder of Bauer Consolidated Investments (BCI), that provided The Burrell Group with an opportunity to enter into the hospitality sector through a single asset, Shaka Beach Retreat, which is a Costa Rica based all-inclusive resort providing recreational outdoor adventures in Santa Teresa, Costa Rica. Additionally, The Burrell Group’s partnership with Mr. Bauer extended its role into the security and fire alarm industry with the addition of Proguard Protection Services and Allied Security, both of which have a 30-year history of providing security and life safety systems to the high-end Colorado ski resort markets of Aspen, Vail and Breckenridge and services thousands of clients in these markets.
The Burrell Group is also actively involved in philanthropic endeavors. Mr. Burrell is the Founder and Chairman of the New Mexico Leadership Institute, a 501(c) 3 organization that was founded with the purpose of developing and delivering the next generation of young entrepreneurs in New Mexico. Through training and mentorship, the program has proven to improve high school graduation rates, advance college enrollment and cultivate an entrepreneurial capacity in NMLI Scholars for addressing New Mexico’s social, business, and public sector challenges. The program provides direct college tuition funds to each student to ensure they have the resources to attend college and prepare for their future and is in direct partnership with the University of New Mexico and New Mexico State University.
The Burrell Group also formed a partnership with Founder, Frank Bauer, of Ocean Healing Group (OHG), a 501(c)3 non-profit dedicated to creating outdoor recreational therapeutic services to wheelchair bound children and young adults to assist them in having a unique and distinctive experience that have proven to forever change their lives. Mr. Burrell serves in a strategic, financial, and advisory role, with the objective of helping to expand OHG’s programming.
Selected biographical information for The Burrell Group’s senior management team is provided below. Additional biographical information for The Burrell Group’s senior management team is contained in the current and prior holding companies sections of the website.
DANIEL C. BURRELL
Founder, Executive Chairman & Chief Investment Officer
Mr. Daniel C. Burrell currently serves as Founder, Executive Chairman and Chief Investment Officer of The Burrell Group, a holding company that invests in and operates individual, privately held companies in higher education, health care technology, behavioral sciences/mental health, commercial and residential real estate, corporate and university meal services programs, security and life safety systems, as well as natural resources…[read more]
FRANK R. BAUER II
Frank Bauer is the Chairman of Burrell Diversified Investments, LLC and is responsible for creating business development opportunities throughout the US markets. His leadership style is simple, to create the best team and offer the best product possible. Mr. Bauer has been a leader in the business world for over 25 years. In 2001, Mr. Bauer co-founded Proguard Protection Services with his father, which has grown to become the Security leader in the affluent Aspen, CO region…[read more]
David Goldschmidt is responsible for the leadership and management of all daily operations for The Burrell Group in its mission to acquire, brand and market its portfolio of assets. Mr. Goldschmidt is responsible for carrying out the long-range strategic plan and direction set forth for The Burrell Group. Prior to joining the Burrell team, Mr. Goldschmidt held several leadership positions in hospitality, real estate and tourism, with an emphasis on driving revenue through strategic marketing initiatives, sales, contract negotiations, and program development…[read more]
Erik Berntsen is the President of The Burrell Group and a trusted advisor to the founder, Daniel C. Burrell. For 10 plus years, Mr. Berntsen has played a critical role in the company’s development, overseeing more than $1B in assets. In his role as President, Mr. Berntsen also serves as the firm’s governmental liaison securing government support and funding for real estate and higher education projects. In 2016, Mr. Berntsen was appointed Chief Operating Officer of Aspen Investment Partners and responsible for day-to-day operations for all holdings…[read more]
Chairman & President of Burrell Financial Services Group
John Rodstrom is the President of The Burrell Financial Services Group, LLC. He oversees all financial aspects of The Burrell Group’s new projects and investments. Mr. Rodstrom’s career spans 40 years as an investment banker. Most recently he spent 9 years at Oppenheimer & Co. where he specialized in large complex financial lending…[read more]
Chief Operating Officer –East Coast Operations
Mr. John Slate is the Chief Operating Officer of The Burrell Group – East Coast Operations. For over 10-years he has held several roles in senior management, primarily in the areas of logistics, cargo receipt and delivery, shipyard and large-scale airport and marina storage, leasing, construction development, team management and sales…[read more]