Named among the top 25 commercial real estate brokers in the U.S. during his 8 years with the nations largest commercial brokerage firm (now CBRE – CB Richard Ellis) out of 1200 agents, Scott began his commercial real estate career in 1976. He has been involved in brokering real estate transactions involving every type of commercial income property: office buildings, shopping centers, apartments, medical buildings, industrial properties, and both full and limited service hotels. He spent one of his 8 years with CBRE (then Coldwell Banker Commercial) as vice president and regional director of apartment property marketing and was responsible for the training and activity of apartment investment brokers in Houston, Dallas, Miami-Ft Lauderdale, Atlanta, & Chicago.
In 1983, as CEO of Polestar Corp. he developed a 5-building, $5.0 million office building project in Houston.
In 1985, during the Houston oil down turn, Scott founded his own firm, Tonges-McKelvy. The firm was devoted to commercial and apartment property management. It grew from 2 persons to 100 employees between 1985 thru 1990. The firm managed 554, 507 SF of commercial properties and 1,867 units of apartments in 5 cities – Austin, Houston, Las Vegas, Dallas & San Francisco. Their clients included Texas Commerce Bank, Connecticut Mutual Life Insurance Co, Apple Bank for Savings (New York). In addition to management, the firm oversaw development of a Burger King and a Savings & Loan building for CB Institutional Fund and Friendswood Savings, respectively. He has exclusively represented many private investors and institutional investors in commercial transactions including the commercial real estate investment divisions of Deutsch Bank, Imperial Bank Canada, & Merrill Lynch-Hubbard. This included direct sales, investments, and REO properties. He was regional director of acquisitions for R&B, a Los Angeles based private firm with $1 billion in holdings including 22,000 apartments. He has been involved in commercial transactions of every type from small properties up to a $ 225 million trophy mall.
He later joined Grubb & Ellis, the nations’ second largest commercial real estate brokerage firm. He was named as a Senior Associate there. In addition to investment sales in the southwest, he expanded his activity to include lodging property sales and has been involved in transactions across the country.
Today, Scott is involved in private investment, consulting and portfolio development for investors, writing books, newsletters, and creating investor & agent training courses on income property investment. He’s the creator of the Real Estate Investment Science training program (www.ReiScience.com). He taught a state approved continuing education credit course in Colorado for real estate brokers and professionals for 5 years on income property investment & analysis
He & his wife, Betty, have been licensed private pilots for 19 years . He graduated from Trinity University (San Antonio, TX) with a B.S. degree in physics. He worked for NASA & the Jet Propulsion Lab during the Apollo 11 moon landing. He is a licensed real estate broker in Colorado.
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“I’m sure you don’t remember me. However, we crossed paths when I called on a 4 plex you were selling. We spoke for months regarding investing & evaluating properties & what I needed to do to be successful. Fast forward to 2017. I never forgot you & am so thankful that I receive your time & coaching years ago. I was a single mom with so many hurdles. Because of your encouragement & mentorship over the months we spoke, I never gave up hope. As of Dec 2016 I purchased my first four plex! I did it! I’m sure this email comes as a surprise to you & I hope it makes your day…..” Laura N…
OTHER LETTER EXCERPTS
Re: Houston Medical Center / 66,000 Multi-Tenant Medical Investment Building. Letter from Owner-Bert Zweig, Esq / Chairman – Corp Finance Division of the law firm Finley, Kumble, Wagner. Beverly Hills, CA. “I can say he is an expert in real estate finance, development, and sales. Mr. Tonges has performed such services for me and for others with whom I am associated, all to our great satisfaction. I respect his experience and rely heavily on his judgment in such matters.”
Re: Analysis of a Planned, Full Service Hotel Acquisition by Brokers Client. Brokers note to me after a meeting with his client on a paid basis. Broker: J. Jackson. Colorado “Scott, thanks so much! Your knowledge in this area of real estate is quite obvious”
Re: Management and Sale of Apartment Complexes. Owner: Eastern Savings Bank – Scarsdale, NY. Coleman Donaldson, Assistant Vice President. “…they (Tonges – McKelvy firm) possess broad knowledge of the financing and marketing of commercial real estate projects which is essential in today’s competitive & complex market. I hold both individuals in the highest esteem”
Re: Development & Brokerage. Service: Employed Attorney; Joe Bax, Esq – Hoover, Bax, & Shearer. “…has always conducted himself in professional manner. He is a most capable individual with a rather broad range of abilities.”
Re: Acquisition Brokerage, Management & Resale of 713 Unit Apartment Portfolio – Client: Sparhawk Development-North Reading, Massachusetts “Scott and his firm have done great job managing the apartments and also reselling 566 units (to date) for a profit”
Re: 168 Room Hotel Sale – Owner: Group of 15 attorneys – Tom Farr, Managing Member/ Miami, FL / Cash sale. “…the letter of intent was signed Nov 15, and the transaction closed December 27. Our group was pleased with Scott’s professional attitude and methods