Commercial Real Estate Investing
Real Estate Investment Company


Mitch Bayat - Principal
mitch@netcoinvestments.com
818•726•3077

Career Summary

Mitch formed NetCo Investments, Inc., in 2002 to acquire and redevelop value-added retail buildings and shopping centers. Prior to this, Mitch was with Grubb & Ellis as a retail property specialist. Prior to joining Grubb and Ellis, Mitch owned and managed several strip centers and multi-tenant properties in California and Texas; he also rehabbed and developed single family homes in Los Angeles. Furthermore, Mitch has launched several businesses including a Round Table Pizza restaurant, a chain of video stores and a laundromat.

Experience

Currently, Mitch is working on securing retail development and investment opportunities within the Western States. Mitch's broad background and numerous relationships with brokers and retailers has played a key role in NetCo's successful track record. Over half of the properties that NetCo has acquired were vacant when entering escrow and 100% leased at close of escrow.

Mitch has been in the commercial real estate industry since 1980. He began his career representing owners in the selling and leasing of shopping centers and apartment complexes. Just a few of the transactions he has successfully completed include: The Home Depot 15 acre site in Valencia, CA; 119 unit apartment complex in Houston, Texas and a 84 unit apartment complex in Los Angeles, CA. Mitch was also active in multiple commercial land sales in the Santa Clarita area geared towards new development. Mitch was instrumental in leasing several shopping centers in Santa Clarita and Los Angeles areas including Chesterfield Square, a 300,000 square foot ground up shopping center in urban Los Angeles anchored by The Home Depot and Food 4 Less. In addition to representing property owners, Mitch represented several national and regional retail tenants in locating sites either for lease or purchase. Some of these tenants include: Dollar Tree, 99¢ Only Stores, Pacific Bell, Sylvan Learning Centers, 7-Eleven Inc., El Torito, and Off-Campus Bookstores.

Education

Mr. Bayat received a degree in Business Administration from New England College in New Hampshire.

Professional Affiliations/Accreditations

Mitch Bayat is a California licensed agent. He is a member of the International Council of Shopping Centers (ICSC) and various other local real estate organizations.





Ray Bayat - Principal
ray@netcoinvestments.com
972•867•1100

Career Summary

Ray founded NetCo Investments, Inc. along with Mitch Bayat in 2002 to pursue value added shopping center developments and investments. Prior to this, Ray was with Grubb & Ellis since September 1997. He was one of the top retail salespersons for Grubb & Ellis nationally, culminating in a Circle of Excellence performance for years 2000 through 2002. Prior to joining Grubb & Ellis, Ray was Leasing Manager for Newhall Land, the largest land owner in Los Angeles County. The company was involved in both residential and commercial development in Valencia, California. Ray was also an entrepreneur. He owned a franchised restaurant and two other retail businesses from 1988 through 1994.

Experience

Currently, Ray is working on securing investment opportunities within the Western States. At Grubb & Ellis, Mr. Bayat was active in the Valencia market with over $100 million in commercial land listings, 300,000 sq. ft. of retail leasing, and numerous investment transactions. He was also a member of the leasing team for the 300,000 sq. ft. Chesterfield Square in urban Los Angeles. At Newhall Land, Ray was responsible for leasing existing portfolio of office and retail properties in excess of 700,000 square feet. Additionally, he was responsible for market research, financial analysis, and leasing analysis for development of neighborhood and community shopping centers. With an extensive background in commercial land sales, Mr. Bayat was intimately familiar with entitlement issues and was solicited in the Southern California market for evaluation, marketing, and feasibility studies of large land holdings.

Ray has had experience in transactions with major companies such as Home Depot, Lowe's, Ross Dress For Less, Food 4 Less, Albertson's, Target, Sav-On Drugs, Walgreens, Rite-Aid, Office Max, Office Depot, 99¢ Only Stores, Big 5, Factory 2 U, Levitz, Dollar Tree, Starbucks, Baskin Robbins, Togo's Sandwiches, Don Pablo's Restaurants, Buca Di Beppo, Market Broiler, Mimi's Café, In-N-Out, Panda Express, Tommy's, Del Taco, America's Tire Company, ARCO, 7-Eleven, Subway, and various other regional tenants. Additionally, he has been involved in transactions with Newhall Land, Archon Group, Hopkins Real Estate Group, Fairfield Residential LLC, The Hanover Company, Investment Development Services, Westrust, Katell Properties, Home Savings of America, Washington Mutual, and Great Western Bank. Ray has also been involved in the disposition of a portfolio of former bank branches, as well as loan workouts on several retail strip centers.

Education

Mr. Bayat graduated May 1996 from the University of Southern California with masters degrees in Business Administration (Real Estate Finance Concentration) and Real Estate Development. He received a Bachelor of Arts Degree in Psychology from the University of California, Santa Barbara in March 1991.

Organizations

Ray Bayat is a California licensed broker. He is a member of the International Council of Shopping Centers, LUSK Center for Real Estate, University of Southern California Real Estate Alumni, a graduate member of the distinguished Rainmaker U program, and active member of the world's largest CEO organization at Vistage.





Jan (Cycon) True, CRX, CSM - Vice President
jan@netcoinvestments.com
972•867•1100

Ms. Cycon True has an extensive career as an executive manager in the shopping center industry for over 30 years. Ms. True joined NetCo Investments, Inc. in February 2015 as a member of the executive management team responsible for acquisitions, property management, leasing, construction, strategic planning, and day to day operations of current and future retail properties.

Prior to NetCo Investments – Jan was with Beck Ventures as Vice President and a member of the executive team overseeing the management, leasing, marketing, operations and redevelopment of Valley View Center - a master planned project. Prior to Beck Ventures, Jan was Director of Property Management for Urban Partners; responsible for the management, marketing, and operations of the renowned urban project West Village in the Dallas Uptown area.

Prior to joining Urban Partners, Jan was Group Business Development Representative for General Growth Properties (GGP), procuring and negotiating all carts, kiosks, and temporary inline tenant deals at Stonebriar Centre in Frisco and Collin Creek Mall in Plano, TX. Prior to GGP, Jan was Market Manager for one of the Founders of OrderCorner.com in Dallas. Jan remains a partner in the firm. Prior to joining OrderCorner, she was President and Founder of National Distribution Network, NDN Corp. NDN electronically distributed national retail coupons to many fortune 500 companies as an online employee perk and benefit.

Jan relocated in 1999 from Southern California to the Dallas area when she was General Manager for Macerich and assisted in the redevelopment of Valley View Center; a 1.6 million sq.ft enclosed super regional shopping center.

Ms. Cycon graduated from The Fashion Institute of Design and Merchandising (FIDM) in Los Angeles (FIDM). She also attended UCLA. She has served as a Board Member and Officer of organizations including Rotary, Anaheim YMCA, American Heart Association, and Chamber of Commerce. Also an active member of the International Council of Shopping Centers (ICSC), Jan has earned the prestigious designation of Senior Certified Shopping Center Manager (SCSM). She is currently Marketing Committee Member for the Dallas Convention and Visitors Bureau (DCVB), a member of Deals in Heels – a women’s leadership and networking group; and also past Board Member of the Dallas/Ft.Worth Interactive Marketing Association (DFWIMA). Jan was also a finalist in the 2015 Top Female Executive of North Dallas awards. Finally, Ms. Cycon True was appointed by the City Council and Mayor of Anaheim, CA to serve as a Commissioner for the Anaheim Redevelopment and Housing Commission, an appointment she held until relocating to Dallas in 1999.

When free time is available, Jan enjoys spending time with her husband and daughter who attends the University of Oklahoma (OU), cooking, reading and yes…..shopping.




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