BoundTrain’s leaders are real estate experts that see beyond the square footage. Inspired to realize potential, the BoundTrain team aims to sustain long-term partnerships and enrich communities.
Market Masters Meaning makers
Michael A. Klein
Michael brings more than 15 years of real estate experience handling an estimated $3.8 billion in assets to his role as strategic, investment and operational lead at BoundTrain.
Prior to founding BoundTrain, Michael was a Managing Director and Principal at Penzance, where he managed the investments team and Investment Committee process, executed investment strategy, identified and structured promising deals, oversaw due diligence for acquisitions, monitored leasing and asset management, and was responsible for valuation of the portfolio as well as potential investments.
Before joining Penzance, Michael served as the Vice President of Acquisitions and Finance at Akridge.
Michael is a member of the Urban Land Institute, National Multifamily Housing Council, and NAIOP, where he serves on the Board of Directors of the Northern Virginia Chapter. Michael also spends his time outside of work and family coaching in the Great Falls Basketball Program. He is the 5th grade boys Select Team A coach for the 2020/2021 season after coaching the 4th grade boys Development Team in 2019/2020.
A Boston native, he received his Bachelor of Science in Management from Rensselaer and his MBA from Hult International Business School.
Jeff Tarae brings more than 15 years of real estate experience handling over $1.8 billion in lease transaction value. He has experience in a variety of roles including marketing, asset repositioning, and capital markets adding to his transactional role as a Principal of BoundTrain. Jeff is responsible for all D.C. Metro region portfolio activities at BoundTrain.
Prior to joining BoundTrain, Jeff was a Managing Director at Newmark Knight Frank, responsible for leasing an average portfolio of 7 million square feet of assets for over 12 clients across Northern Virginia. He has executed effectively on behalf of global real estate organizations such as The Blackstone Group, J.P. Morgan, ADIA, New York Life and Prudential.
Prior to joining Newmark Knight Frank, Jeff was the CEO of Music Matters, a state-of-the-art, Atlanta-based music center that provided education and instruments to music programs in local schools and the community. During his tenure, Mr. Tarae led the organization in all facets of strategic planning enabling the company to develop a multi-stream revenue platform, expand into other markets and execute on a merger and sale of the organization.
An active member of his community, Mr. Tarae has served various charitable organizations, government commissions and member-based organizations. These include Commissioner on the Loudoun County Economic Development Advisory Commission, providing business intelligence to the Loudoun County Board of Supervisors and Department of Economic Development; Chairman of the Board for the Tysons Partnership, an organization engaged with state and local government, landowners, and stakeholders ensuring the goals of the Comprehensive Plan for Tysons are achieved; Vice Chairman of the Board of Directors of Homestretch, a non-profit charity organization empowering homeless parents with children to attain permanent housing and self-sufficiency.
A New York native, he received Bachelor of Science degree in Finance from Northeastern University.
Kyle brings more than 10 years of experience participating in more than $800 million in investments, capitalizations and project management, to his transactional role as a Principal of BoundTrain. In addition to transactional work related to new investments and capitalizations, Kyle is responsible for quality control of the portfolio, asset management and finance related activities.
Prior to joining BoundTrain, Kyle was a Vice President at Penzance where he was responsible for the financial performance of an office and multifamily portfolio. Additionally, Kyle oversaw leasing strategy and execution, capital improvements, dispositions and refinancing, and managed joint venture relationships. Previously he was part of the Acquisitions team where he had a role in executing investment strategy, due diligence, and evaluating investment opportunities.
Before joining Penzance, Kyle worked for Navigant with the Valuation and Financial Risk Management team and for a local boutique finance company dedicated to financing major land transactions.
A Connecticut native, he received his Bachelor of Science in Finance from Fairfield University.
Fraser brings 20 years of real estate project development and management experience to BoundTrain. Over the course of his career, he has managed more than $2 billion in construction, development, and repositioning projects, and will be instrumental in executing the firm’s “Value Add” business model. Fraser is responsible for all development and construction related activities at BoundTrain.
Immediately prior to joining BoundTrain, Fraser led the Project Development and Design/Build Division at LF Jennings, Inc., where he established the business unit and created processes to integrate design management and owner representation into the 70-year old construction company.
Fraser has served in management positions at the US Dept of State’s Bureau of Overseas Building Operations, Skanska USA Building, ING Clarion, Orr Partners, and Clark Construction. Fraser is a member of the Urban Land Institute, NAIOP, and the Design-Build Institute of America, where he is a certified Design-Build Professional.
Fraser is a Northern Virginia native, where he received his Bachelor of Arts Degree from George Mason University and his MBA from American University’s Kogod School of Business.