Menu

About Telos Capital

At Telos Capital, we believe you deserve to keep the wealth you’ve spent a lifetime building. That’s why we offer strategies that enable our clients defer their capital gains taxes and keep their hard-earned, pretax wealth earning income.

And at Telos Capital, once we make a commitment, we honor it. That’s why we offer unconditional guarantees of both the return you earn and the security of your principal.

It’s your wealth. We keep it working for you.

Our Executive Leadership

Our principals have over 30 years of experience in tax structuring and wealth management. We have spent our careers helping our clients effectively defer and mitigate their taxes and protect and grow their wealth.

Joshua Ungerecht

Managing Member

Joshua currently serves as CEO and Chief Investment Officer of JRW Investments, Inc. and a managing member of Telos Capital and ExchangeRight. Since 2006 he has established the Firm’s Due Diligence department as an industry leader in securitized real estate analysis. Together with Warren Thomas, Joshua has overseen and underwritten the acquisition of over $1 billion in real estate. Joshua graduated from The Master’s College Summa Cum Laude with a B.A. in Theology, Apologetics, and Missions and is currently on leave from Talbot Graduate School, where he was pursuing an M.A. in Philosophy of Religion and Ethics. He also maintains Series 7, 22, 24, 63, 66 and 79 Securities Licenses through Lighthouse Capital Group, LLC. Member FINRA/SiPC. Joshua also maintains a California real estate license.

David Fisher

Managing Member

David currently serves as a managing member of Telos Capital and ExchangeRight. David enjoyed a successful career in banking and finance for the last 20 years. He began his career with KPMG in the Tax department. He worked in tax, treasury and acquisitions for Wells Fargo for over 9 years. He was North American Head of Asset and Structured Finance for HSBC’s Investment Banking division from 2005 to 2012. David and his team executed international financings totaling in excess of $4 billion. David has been an active real estate investor for the past 11 years and has interests in over 30 partnerships covering 9 states. He graduated from the University of Northern Iowa in 1993, Magna Cum Laude in Accounting and earned national honors with the Elijah Watt Sells Award on the May 1993 CPA exam.

Warren Thomas

Managing Member

Warren is the co-founder of JRW Investments, Inc. and a managing member of Telos Capital and ExchangeRight. Prior to forming JRW in 2003, Warren developed an extensive tax practice including estate planning, financial planning and real estate advisory services.  Warren has over 35 years of experience as a CPA and has been an active commercial real estate investor for the past 15 years.  He graduated in 1978 from Biola University with a B.S. in Business Administration, specializing in Accounting.  He also earned a master’s degree in Taxation from Golden Gate University in 1993. Additionally, he maintains Series 6, 7, 22, 24, 39, 63, 66 and 79 Securities Licenses through Lighthouse Capital Group, LLC. Member FINRA/SiPC. Warren also maintains a California real estate license.

David Van Steenis, CFA, CPA

Chief Financial Officer

David currently serves as Chief Financial Officer for Telos Capital and ExchangeRight. He is focused on acquisitions and financial reporting for both companies. David began his career with KPMG in the financial services audit practice, where he served both private and public banking and investment management clients. Most recently, David was with Kaufman Jacobs Real Estate Investments were he was involved in the investment acquisition, capital markets, and financial reporting aspects of their real estate private equity business.  Mr. Van Steenis graduated from Trinity Christian College with highest honors with a B.S. in Accounting and a Finance concentration.  David is a CPA and is a CFA Charterholder.

Beth Veloz

Executive Vice President

Beth currently serves as the Executive Vice President for Telos Capital. She is focused on strategic planning and maximizing organizational growth and operating performance. Beth began her career working with the Mariann Microfinance Fund as an economic development analyst based in Nairobi, Kenya where she focused on the development of economic stimulus packages. Most recently, Beth has worked as a Senior Associate with Capital Financial where her practice was focused on strategic financial planning for business owners. She was involved in development of profitable business models, revenue optimization, executive compensation packages, and investment and protection planning. Beth graduated from Harding University with honors with a B.A. in Marketing and Finance. She maintains her series 6, 63, and life and health insurance licenses.



Contact Telos Capital

Your Name *PhoneEmailI am interested in...Selling My BusinessSelling Real EstateSelling Other Highly Appreciated AssetsAdditional Comments