Paul Pettinelli

Established in 2020 by Paul Pettinelli, Nautic Real Estate Group has expanded its operations along the eastern and midwestern regions of the United States with the aspiration to establish presence in the majority of the most rapidly growing U.S. markets by 2027. Nautic Real Estate Group is an investment portfolio and advisory firm that establishes strategic partnerships, clientele, and real estate holdings across a national platform. The firm’s primary focus is on ground-up development, portfolio growth, strategic operations, and asset management, which enables its investment strategy to deliver exceptional financial performance. In 2024, Nautic Real Estate Group partnered with 3P Diversified Ventures to expand custom home developments across key Southeastern markets. Currently, Nautic & 3P are deploying $25MM in custom home developments within the Charleston, SC MSA, including prominent submarkets such as Kiawah Island, Johns Island, and Mount Pleasant. The next target will be $100MM under development over the next few years! CURRENT 3P DEVELOPMENTS: Fund I Assets Under Development: • 2 Mount Pleasant SC Luxury Homes • 3 Kiawah Island SC Luxury Homes Fund II Assets Under Development: • 4 Kiawah Island SC Luxury Homes • 2 Mount Pleasant SC Luxury Homes • 46 Charleston SC Townhomes In late 2023, NREG and 3P initiated a strategic collaboration to launch a development platform focused on scattered-site custom homes, single-family communities, and townhome developments. By the close of 2030, the firm aims to achieve $1B in development growth. 3P Platform Overview: · https://docsend.com/view/rcmdzdeug5fyc9qf #FractionalCEO #FractionalCOO #Advisory #LuxuryHomes #CustomHomes #SingleFamilyDevelopent #RealEstateAdvisory #LuxuryHomeDevelopment #ResidentialDevelopment #SFR #BFR #RetailNNN #InstitutionalSFR #InstitutionalBFR

Founded by Managing Member Eric Phillipps, a former Principal and Co-Founder of the $1.5 billion SFR Platform, Conrex, the 3P Platform was created to develop exceptional custom home communities in high-demand markets, prioritizing the expansion of access to high-quality housing. Since its inception, Mr. Phillipps has entrusted his thirteen-year partner and strategic real estate advisor, Paul Pettinelli, with the leadership of asset management, strategic operations, and development growth as Chief Operating Officer (COO) of the 3P Platform. Mr. Pettinelli has been overseeing asset management and strategic operations for Mr. Phillipps since joining Conrex in 2012 as their Director. As of November 2025, the 3P Platform has amassed assets valued at $55 million. Its portfolio encompasses newly acquired land and development projects at various stages of planning and construction. For more information about the 3P Platform and updates on upcoming projects, please visit the 3P Diversified Ventures LinkedIn page.

In advance of the inaugural fund launch, Mr. Pettinelli served as an advisor responsible for financial modeling, market-feasibility analysis, process design, and the structuring of development teams, while also evaluating overall market viability.

Mr. Pettinelli began with Capview Partners as a Senior Advisor before advancing to Chief Operating Officer and Managing Director. In these roles, he played a key part in strategizing and guiding the launch of Capview’s innovative NNN single-family rental (SFR) platform, Appreciation Homes. Following the launch, Mr. Pettinelli served as the unified COO and Managing Director across both Capview Partners—the operating company and general partner—and the newly formed SPV, Appreciation Homes. In this capacity, he ensured that strategic corporate initiatives were effectively implemented while optimizing and scaling day-to-day operations in support of a pioneering model for triple-net lease investments in the SFR industry. Appreciation Homes (“AH”) introduces single-family rental investing into the NNN market. The joint venture combines vertically integrated SFR operations with NNN real estate securities, offering investors a 15-year and 30-year bond net lease structure through direct real estate holdings, direct-title securities, or DST trades. Founded in 2010, Capview Partners has remained focused on the net lease asset class, leveraging a team with over 25 years of principal experience and more than $3 billion invested in net lease transactions. Recognizing in 2018 that single-family rentals were positioned for tremendous growth and institutional consolidation, Capview moved to innovate at the intersection of two proven strategies. With a history steeped in real estate execution and investment management, Capview and Appreciation Homes together have developed structures that make SFR investments simple, stable, and secure.

As Managing Director, Head of Asset Management for Lake Street Homes, Mr. Pettinelli was responsible for growing assets under management (AUM), increasing net asset value (NAV), maximizing cash flow, and enhancing internal rate of return (IRR). His role also encompassed risk management, investor relations, overseeing operations, implementing new strategies, identifying and capitalizing on investment opportunities, and ensuring all efforts aligned with the firm’s overall investment objectives.

Camellia House, a real estate development firm in the greater Birmingham MSA, specialized in single-family residential communities and scattered site spec homes. Mr. Pettinelli’s partnership primarily focuses on developing and executing investment strategies to position the firm for capital market investors and opportunities with institutional investors. His responsibilities encompassed financial modeling, developing new investment vehicles, managing capital sources and uses, crafting exit strategies, and recapitalizing the portfolio. In 2023, Camellia House successfully achieved a company sale to Peak Group."

Accomplishments as Chief Financial Officer: • Scaled portfolio from 400 to approximately 1,000 single-family rental assets across the Southeast, growing AUM to $120MM. • Established comprehensive accounting, financial, and asset management procedures to support the firm’s rapid portfolio growth and evolving fund structures. • Developed key performance indicators (KPIs) and managerial accounting standards to evaluate portfolio performance and drive strategic decision-making. • Aligned operational and financial objectives to improve profitability and enhance free cash flow across the SFR platform. • Introduced cash flow management protocols that optimized liquidity, performance, and capital efficiency. • Revised investment strategy to expand into new asset classes with diversified return profiles and refined risk-adjusted underwriting criteria. • Led capital raising efforts and supported new client acquisition initiatives to drive firm-wide growth. • Designed and implemented scalable asset management strategies for both fund and third-party client portfolios. • Centralized reporting systems across regional offices, improving transparency, data integrity, and performance oversight. • Established performance tracking protocols aligned with monthly, quarterly, and annual pro forma targets. • Structured and secured credit and financing facilities for the acquisition and stabilization of over 500 homes.

Mr. Pettinelli joined Conrex (now Maymont Homes) in 2012 as the inaugural Director, leading the firm’s operational and asset management strategy during its rapid national expansion. Accomplishments as Director: • Scaled Conrex’s portfolio from 25 homes ($2MM AUM) to over 8,500 homes and $880MM AUM between 2012 and 2019. • Designed and implemented streamlined workflows across all core verticals — acquisitions, renovations and development, property management, and asset management — resulting in operational efficiency and portfolio scalability. • Built infrastructure across 14 MSAs, establishing 9 regional offices and leadership teams to drive localized execution and long-term market growth. • Positioned Conrex as one of the top institutional single-family rental aggregators in the U.S. • Oversaw the firm’s commercial financing strategy, deploying $550MM in senior debt capital within 4 years through structured facility lines and disciplined stabilization of assets. • Co-led the successful disposition of Conrex’s first three investment vehicles to AG Mortgage Investment Trust, Inc., achieving a profitable exit and major milestone for the firm. • Internalized all key operating functions into a revenue-generating OpCo platform, enhancing control, consistency, and investor value.

Established in 2009 by Mr. Pettinelli, Ashley River Properties capitalized on the post-2008 housing crisis and subsequent oversupply of residential properties. This strategic approach encompassed wholesale arbitrage, redevelopment projects, “fix & flips,” and long-term rental investments.

Responsibilities & accomplishments as asset manager: •Overseeing the financial performance for single-family, multi-family, & commercial assets owned by Carolina One Real Estate or clients of Carolina One Real Estate Services. •Growing Carolina One's SFR portfolio to 1,500 homes including being Conrex’s first engagement & first company to acquire & manage their homes. Paul would later join Conrex as one of their first directors. •Mr. Pettinelli’s leadership, not only helped scale the division to 1,500 homes, but team performance improved year over year. KPIs measured were: unit absorption, rent growth, collection rates, maintenance costs, work order recalls, owner client surveys, tenant surveys, & net operating income margins. •Mr Pettinelli also implemented revenue / yield management for rent optimization. Yield management was a revenue management strategy used in hotels, multi-family, & commercial, but not widely used in SFR. Comps & asset condition were still an important variable, but the team would start to use stats surrounding average renter income to create an affordability variable, & finally inventory absorption to create the demand variable. This strategy helped drive the average rent of our homes 5% higher than the competition and a year over year growth of around 7-10%. One of Mr. Pettinelli's proudest achievements in his career at the time. Mr. Pettinelli would later be asked by Conrex's founding principals to join the company as their first director. Between 2012-2013, he would run asset management for Conrex and Carolina One while transitioning out of Carolina One which included the sale of his portfolio at Ashley River / Pett Investments.

Responsibilities: •Managed multiple locations and had 15 direct reports with responsibilities including overseeing site managers, hotel inspections, capital budgeting, and preventive maintenance programs with strict timelines and budgets. •Managed, hired, and developed hotel managers and staff as well as turning around hotel QA scores by restructuring 4 crucial departments to include front office, room operations, sales, and revenue management. •Overseeing scheduling to meet budget. •Forecasting occupancy levels •Revenue Management to maximize ADR and RevPar •Quarterly Revenue and sales forecasting. •P&L control •Managed inventory levels to include linen , maintenance supplies, shrink reports, and variance reports to ensure proper ordering. •Brand management to comply with franchise standards.