Acquire | Integrate | Operate

Acquire | Plan | Operate

Rectangle, part of the Comunale Properties family of companies, is a real estate investment manager that specializes in the acquisition, management and operation of highly functional, infill industrial properties across high-growth markets in the US.

Relationships Are the Heart of Success

About Us

Rectangle focuses on acquiring and managing high-quality infill and last-mile industrial real estate in high-growth western and sunbelt markets. The team is part of the Comunale Properties family of companies and benefits from decades of experience in the industrial sector across the United States.

We believe that valuable relationships built over 35 years of experience in the real estate market are the heart of our success. We understand that our tenants drive our business and focus on providing quality work environments at an affordable cost with a focus on customer service and tenant retention.

Vertical Integration

With a fully integrated platform that includes in-house acquisition, development, asset management, property management, accounting, construction, and legal services, Rectangle ensures every property is maintained to the highest standard in the most efficient way possible, providing best-in-class service to tenants and driving performance and profitability for investors.

Industrial Sharpshooter

Rectangle specializes in industrial assets located in the best submarkets in select cities across the western and sunbelt regions.  This purpose-driven focus allows us to uncover value via our deep network of local relationships, intimate familiarity with our target markets, and true understanding of each submarket’s tenant mix and needs.

TARGET INVESTMENTS

ASSETS WITH LASTING DEMAND

Infill, functional buildings with standard layouts and reusable finishes to curtail long-term capital requirements and maximize tenant appeal 

  • Shallow-bay (240’ depth or less)
  • Ideally 22’ clear height or higher
  • Infill, last-mile
  • Highly functional (Class A or Class B)
  • 1990 or newer, or select older assets with redevelopment opportunities

PRIORITIZE VALUE WITH UPSIDE

  • Deal Sizes: $5M – $25M for individual assets (or larger for portfolio acquisitions)
  • WALT: Minimum 2 years, ideally 3 – 5
  • Value Dynamics: Mark-to-market rent opportunity, assets pricing below replacement cost

TARGET MARKETS

Growing Markets | Research-Informed Evaluation

Targeting metro areas experiencing outsized population growth, rent appreciation, and investment demand.

  • We seek areas where strong demographic and employment trends indicate future opportunity
  • We understand that real estate markets are always evolving and evaluate the best places to invest on an ongoing basis, acting when the right indicators are present

Proprietary, real-time market research tools enables informed decision-making and strategy formation.

  • We constantly identify and target the most attractive markets
  • We analyze and rank metros based on real estate, population, and employment demographics
  • Using trusted national data sources, we re-evaluate these markets every quarter

Property Management

A primary focus of our business revolves around actively managing our properties to meet the day-to-day needs of our tenants. With the origin of the Comunale family of companies starting as a user of office and industrial space, we understand the importance of building functional space to meet business needs at an affordable cost.

Our management style is based on a “boots on the ground” approach focusing on improving the long-term quality of our properties and tenant retention. Our seasoned, well-rounded staff is committed to our tenants needs and keeping them at ease. Drawing on our expertise and background in construction with businesses managing multiple trades, all properties are overseen with a systematic approach to control operating costs through preventative maintenance and ongoing capital improvements.

Asset Management

Rectangle is committed to keeping concepts simple, while maintaining thorough property and investment oversight by utilizing top of the line accounting and analytical software to automate processes, increase efficiency and drive value. Our new and existing assets go through head-to-toe financial analysis to vet all avenues where value can be created and risk factors mitigated. Detailed business plans are implemented to optimize each property’s value. Proper debt and equity capitalization of our investment assets is constantly evaluated to ensure capital is readily available to undertake any necessary improvements to capture value.

Primary Investment Team

Experienced Leadership and Acquisitions Team

PRESIDENT

John Comunale
John Comunale

VICE PRESIDENT

Matt Dodge
Matt Dodge

MANAGING DIRECTOR

Josh Heiney
Josh Heiney

ASSOCIATE DIRECTOR

Charlie Wigdale
Charlie Wigdale

ASSOCIATE DIRECTOR

William Knight
William Knight

DIRECTOR OF MARKETING & INVESTOR RELATIONS

Molly Kosakowski
Molly Kosakowski

GENERAL COUNSEL

Tyler Brochstein
Tyler Brochstein

Contact Us

ADDRESS

1855 South Pearl St., Suite 20
Denver, CO 80210

PHONE

720.414.3459

EMAIL