Michael A. Klump, Chairman and co-founder of RCG Ventures, has over 29 years of experience in commercial real estate. Mr. Klump co-founded RCG Ventures in 2003 and has been actively involved in all aspects of formulating and executing the strategic plans of RCG.
In 1993, Mr. Klump co-founded EIG, a leading private REIT focused on the neighborhood shopping center market. Mr. Klump served as Vice-Chairman, President and Chief Investment Officer of EIG. During his tenure at EIG from 1993-2003, EIG acquired 120 properties representing aggregate Invested Capital of approximately $552 million and approximately 15 million square feet of GLA in 31 states. In December 2002, Mr. Klump directed the sale of 58 of EIG’s centers to publicly traded New Plan Excel Realty Trust, Inc. (now operating as Brixmor Property Group, Inc.). Additionally, EIG has sold 57 properties acquired during Mr. Klump’s tenure to other third-party buyers. Mr. Klump resigned from all executive positions with EIG in 2003 but continues to serve EIG in an advisory capacity.
In 2002, Mr. Klump founded Argonne Capital Group, LLC (“Argonne”), a private equity firm, where Mr. Klump serves as President. Argonne focuses on the acquisition of multi-unit operating companies that will benefit from the firm’s extensive experience in new unit development, industry consolidation and Argonne’s track record of operational improvements. Since inception, Argonne has invested over $195 million of equity capital primarily in the restaurant and retail sectors. Today, Argonne operates or franchises over 962 restaurants under brands such as IHOP®, Applebee’s®, Krystal®, On The Border®, and Stevi B’s Pizza®, as well as 50 Lube Stop® shops. Spanning 15 states, Argonne’s portfolio employed over 32,000 people and generated in excess of $1.5 billion in annual system sales in fiscal year 2014.
Mr. Klump’s earlier experience included all phases of real estate development, acquisition, leasing and financing with Leo Eisenberg & Company and real estate principal investing with MAK Investments, Inc.
B.A. University of Colorado