Mike Appelton
President & CEO
Mike is the founder, President and CEO of Peninsula Capital Corp. He is responsible for asset management of the existing portfolio, directing the acquisition strategy and coordinating all financing activities.
Prior to entering the entrepreneurial world, Mike worked for 15 years in commercial and corporate banking, the majority of which was with GE Capital where he held positions of increasing responsibility in risk management, portfolio management and sales. In his last role with GE Capital he was responsible for structuring and underwriting transactions totaling over $500 million in annual volume.
Mark Hansen
Senior Vice President
Mark was the President of the CHC Group of Companies and oversaw the operations and management of a group of companies that include a private limited partnership with assets in excess of $160 million (1,991 bed student housing), a development company and a small public company with assets in excess of $70 million (first ever public company in Canada focused on student housing). Mark has successfully raised over $100 million in equity for various development projects.
Mark was previously the Vice President Operations of CAP REIT, responsible for over 14,000 residential units and over 250,000 s.f. of commercial space from Ontario to British Columbia. He oversaw revenues in excess of $250 million annually, capex of $30 million annually and the management of over 200 employees.
Mark sat on the Board of Directors of Interrent REIT from 2004 to 2007.
Matthew Walker
Matthew is responsible for all aspects of financial and operational reporting, treasury, taxation and data analysis for Peninsula Capital Corp., as well as the establishment of financial policies and controls. Matthew is a CPA with over 15 years of experience in financial reporting, assurance, taxation and financial planning and analysis.
Matthew was previously Director, Finance of U.S. Residential real estate at Starlight Investments, a leading global real estate asset management firm with AUM of greater than $20 billion and owning over 68,000 residential units. Matthew oversaw the financial reporting, operational performance analysis, treasury, forecasting and financial controls of several TSXV publicly traded and institutional real estate funds. At Starlight, Matthew executed all finance aspects of several U.S. residential real estate fund IPO transactions worth close to $1 billion, including Starlight’s acquisition of Northview Apartment REIT, one of Canada’s largest real estate IPOs.
Prior to Starlight, Matthew held senior finance roles at both public and private companies across a diverse range of industries.
Peninsula Capital Corp. (PCC) has targeted the Buffalo, Rochester and Cleveland markets, which are in what is known as the former “Rustbelt”. We believe that there is a greater opportunity to acquire large scale portfolios below replacement cost at higher cap rates than traditional rental properties.
Out of the 150 largest metro markets in the United States, Buffalo ranked number 1 for rent growth as of August 2024 while Rochester was in the top 10 and Cleveland was in the top 25.