Wheelhouse Capital Group, LLC, parent company of: (i) Four Springs TEN31 Xchange, LLC (FSXchange), a sponsor of Delaware Statutory Trusts (DSTs) focused on industrial, retail, and medical real estate for 1031 exchange replacement properties; (ii) the external manager of Pilothouse Real Estate Trust, an industrial-focused net lease real estate investment trust (REIT); and an affiliate of Four Springs Capital Markets, the firm’s real estate investment marketing and distribution platform, announced that Michael J. Kromka has joined the firm as Associate Counsel – Real Estate, reporting to Ross Barr, SVP, Chief Legal Officer and Corporate Secretary.

“Building out the Wheelhouse platform means putting the right people in the right seats,” said Coby Johnson, Chief Executive Officer of Wheelhouse Capital Group. “Michael brings hands-on experience in the exact structures we work with every day. His arrival strengthens a platform where sponsorship, asset management, capital markets, and legal operate as one integrated ecosystem rather than as separate functions.”

Mr. Kromka joins from Kelley Drye & Warren LLP, where he served as Special Counsel in the firm’s Real Estate Practice since 2018. His work centered on single-tenant net lease acquisitions, dispositions, and financings, and on the structuring of DST syndications, including trust agreements, subscription documents, and private placement memoranda. He earned his J.D., summa cum laude, from Seton Hall University School of Law and his B.A., summa cum laude, from Fairleigh Dickinson University.

“The strength of our platform comes from how well its pieces fit together, and the legal function is part of that,” said Ross Barr, SVP, Chief Legal Officer of Wheelhouse Capital Group. “Our internal legal department supports every business line as it grows, from DST syndications to our affiliated REIT to our funds. Michael has expertly navigated through numerous complex net lease and DST transactions, and he will help us move efficiently and prudently as we scale.”

Wheelhouse Capital Group’s team of more than 40 employees supports its DST, REIT, capital markets, and fund businesses, including Four Springs TEN31 Xchange, a DST sponsor serving 1031 exchange investors, founded in 2014; Pilothouse Real Estate Trust, a private, industrial-focused net lease REIT, founded in 2012; and Four Springs Capital Markets, the firm’s real estate investment marketing and distribution platform, founded in 2008. The platforms are designed to work together, with Four Springs Capital Markets distributing through established broker-dealer and RIA channels.

“The quality of a sponsor shows in the work behind each transaction as much as in the properties themselves,” said Bill Dioguardi, Executive Chairman of Wheelhouse Capital Group. “As our platform has expanded, the legal and structural work behind every DST and every financing has become more central to how we operate. Adding Michael, who has advised DST sponsors through complex syndications, reflects our belief that in-house expertise is an advantage worth building.”

About Wheelhouse Capital Group

Wheelhouse Capital Group, LLC is the parent company of Four Springs TEN31 Xchange, LLC, a sponsor of DST 1031 exchange programs, and the external manager of Pilothouse Real Estate Trust. Based in Wall, New Jersey, the firm’s team of more than 40 employees spans acquisitions, asset management, legal, finance and accounting, marketing, and capital markets.

About Four Springs TEN31 Xchange

Founded in 2014, Four Springs TEN31 Xchange, LLC is a leading DST sponsor specializing in institutional quality, single-tenant net leased industrial, retail, and medical properties. The firm combines its robust acquisition pipeline with its rigorous underwriting process to make disciplined investments. FSXchange provides transparent reporting to keep its investors informed and employs active asset management to deliver results through multiple cycles. FSXchange distributes its DST offerings through Four Springs Capital Markets providing it access to a nationwide network of financial professionals. For more information, visit ten31xchange.com.

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