TEAM

Judd Dunning has received numerous accolades for his contributions to the real estate industry. He was the recipient of the 2022 Los Angeles Business Journal “Community Impact Deal of the Year” Gold Award, and a nominee for Broker Executive of the Year. In 2021, he was honored with the CoStar Power Broker award.

With a proven track record in capital markets advisory and a history of transactions across 38 states, Mr. Dunning has orchestrated significant deals, including a $165 million transaction involving a Sony Animation NNN single-tenant S&P-rated A credit office portfolio in West Los Angeles and a $130 million deal for a Class A retail property.

DWG Capital Partners and DWG Capital Group continue to excel in providing exceptional service to partners and clients, solidifying their reputation among the premier CRE firms in the nation.

PRESIDENT/PRINCIPAL

JUDD DUNNING

Judd Dunning is a distinguished third-generation real estate executive with two decades of experience in institutional commercial real estate. As President of DWG Capital Group and DWG Capital Partners, he brings a wealth of national expertise in orchestrating institutional investment sales and capital markets transactions following years as a top producer of Newmark/ARA and founding member of Newmark Capital Markets in West Los Angeles. Leveraging his extensive network and deep market knowledge, Dunning employs a strategic NNN industrial sale-leaseback approach through DWG Capital Partners, successfully navigating market complexities to deliver superior outcomes.

Under Dunning’s leadership, DWG Capital Group has achieved significant milestones, closing approximately $1 billion in investment sales and debt/equity placements in the past 24 months. Dunning’s client roster includes prominent institutions, funds, and private companies. His expertise extends across various asset classes, including retail, office spaces, industrial facilities, apartment complexes, and development projects.

 

DUGAN P. KELLEY

DWG COUNSEL | KELLEY AND CLARKE

Dugan P. Kelley is counsel at DWG Capital Partners and Co-founder of Kelley | Clarke, PC, offering large firm expertise locally. He specializes in real estate transactions, including commercial loan closings, equity capital raises, and joint ventures. Kelley advises on entity formation, risk assessment, and provides comprehensive commercial real estate services. Recognized as a “Super Lawyer Rising Star” from 2008-2016, he upholds high legal standards in all documents and services, contributing to the success of DWG Capital Partners and its clients.

ROBERT BIANCHI

TREASURY MANAGEMENT | COST SEGREGATION SPECIALIST | CONTROLLER

Robert A. Bianchi, CPA with over 25 years in the field, leads California CPA Group focusing on business development and finance. He has expertise across various sectors including technology, real estate, and healthcare. Bianchi excels in applying financial insights to improve operations, utilizing IT and automation to boost efficiency and cut costs. His key skill lies in crafting detailed tax strategies for investments, enhancing yield performances. He also evaluates financials and supports property management as DWG’s controller.

JOHN DEHN

MANAGING PARTNER & CO-FOUNDER of RISK ADVISORY PARTNERS
CREDIT RISK ANALYSIS

DWG is backed by Risk Advisory Partners, specializing in assisting with all major credit decisions by evaluating business tenancy risk and real estate risk across the entire portfolio. Supported by former senior analysts from STORE Capital, VEREIT, Angelo Gordon, and STAG REIT, they bring deep expertise in credit analysis for complex sale-leaseback transactions. Sale-leasebacks are intricate financial instruments, requiring a comprehensive understanding of the target business’s financials and real estate risks. Their service platform provides institutional-level, comprehensive credit and risk analysis for every DWCP property.

DONALD W. MOORE

PG/ARM/PRINCIPAL & CO-FOUNDER of Environmental Risk & Financial Solutions Risk Advisory Partners

Don Moore is a seasoned professional with 25 years in environmental consulting and insurance, specializing in M&A due diligence and site remediation. He has extensive experience managing environmental insurance claims and regulatory liaisons across all government levels. Moore is a Registered Professional Geologist and Licensed Property-Casualty Insurance Broker in California. He holds an M.S. in Geology from San Jose State University and a B.S. from the University of California at Santa Barbara, with OSHA HAZWOPER training.

SERGEI MOCHTCHENKOV

DWG FINANCIAL ANALYST | CFA

Sergei Mochtchenkov, DWG Capital Partners’ exclusive analyst, leverages his deep expertise in financial modeling and data analytics as a CFA Charter holder. He specializes in using advanced tools like R, Python, SQL, and PowerBI to ensure precise modeling and analysis of DWGCP’s transactions. His work underpins the success of the firm and its clients.

RYAN BILLINGS

INVESTOR RELATIONS | CAPITAL MARKETS

Ryan Billings brings a wealth of experience in the financial sector, with leadership roles spanning private equity and technology. He notably founded a venture-backed fitness tech platform and served as Head of Product at several tech companies in the Bay Area. Before joining DWG Capital Partners, Billings directed investor relations and originations at a private credit firm in Los Angeles. A former NCAA collegiate football player, he is also passionate about fitness, nature, and adventure, which he enjoys alongsidehis role at DWGCP.

HUGH GEHRKE

Senior VP of Investment Sales

Hugh Gehrke is a dedicated real estate professional who takes pride in providing a caliber of personalized service that has earned him a loyal following of repeat and referral clients that continues to grow.

If you are in the Luxury Real Estate Market or Multifamily Investment space around Los Angeles County, Hugh is the person to help. Working across a multitude of asset classes, Hugh and his team have worked on a variety of transactions across all asset classes.  

Hugh has a background as a mortgage broker for Platinum Capital that greatly benefits his clientele. He holds a degree in economics from the University of Illinois and continues to hone his knowledge through continuing education classes related to both real estate sales and finance. 

MARK ATKINS

INVESTOR RELATIONS | DUE DILIGENCE & ESCROW MANAGEMENT

Mark Atkins is responsible for investor relations and closings at DWG Capital Partners, with a focus on multifamily and industrial assets. Throughout his career, Mr. Atkins has originated, underwritten, and closed numerous commercial transactions across all major asset classes throughout the United States.  Previously, Mr. Atkins worked as an asset manager at Lument Capital and a multifamily research analyst at Bowen National Research. He holds a B.A. from Arizona State University’s W.P. Carey School of Business and is a licensed real estate agent.

MEG MARAN

DIRECTOR OF MARKETING

Meg Maran, a Creative and Digital Marketing Specialist with years of real estate marketing experience, joined the DWG team in 2024. She led an extensive rebrand project and implemented an organized marketing strategy, elevating DWG’s creative department and streamlining their workflow. Meg’s unique talents, commitment to excellence and leadership style make her a valued component of DWG’s success.

MIKE PAYTONJIAN

OPERATIONS

Mike Paytonjian brings a diverse professional background and a strong foundation in relationship-driven industries to the DWG team. A Texas native, Mike is a graduate of both the undergraduate and master’s programs at Texas Tech University. He has worked with high-level clients—including VIP athletes and healthcare professionals—delivering strategic communication and organizational efficiency solutions.

ANDRES ALARCON

INFORMATION TECHNOLOGY

Andres Alarcon, DWG’s in house IT & Communications Expert, has had years of institutional experience creating and managing systems for teams to organize their inbound and outbound communications. Andres is also DWG’s “Go-To-Guy” when it comes to IT and digital securities.

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JUDD DUNNING

PRESIDENT | BROKER

Judd Dunning is a veteran broker and Principal/President of DWG Capital Group. Since 2004, he has closed over $1B nationally in investment sales, acquisitions, and debt/equity assignments for existing and new developments. Most recently, Mr. Dunning received Los Angeles Business Journal’s 2022 Community Impact Deal of the Year Gold Award for the $160MM sale of the Sony Pictures Animation Campus in Culver City, which also garnered the CoStar Power Broker Deal Award. Additionally, he received an LABJ Commercial Brokerage Executive of the Year nomination in recognition of closing over $500MM in 2021 transactions.

Mr. Dunning launched DWG Capital Group after 7 years at Newmark Knight Frank/Apartment Realty Advisors’ West Los Angeles office. Early Newmark accolades include a promotion to Senior Managing Director, Capital Markets, and recognition as a Top Ten Producer and Career Excellence Award Winner.

Over his well-established career, Mr. Dunning’s core emphasis has been providing strategic, institutional-level advisory services for stabilized, value-add and distressed retail, office, industrial, multifamily and development assets. He maintains a superior roster of clients, including many prominent institutions, funds and private clients.

DWG Capital Group comprises eight seasoned industry executives with decades of combined institutional experience and numerous strategic partnerships across the nation. 

With locations in Texas and California, DWG team transactions include the sale of a $130MM six-property multifamily portfolio, a $44.65 million Inland Empire multifamily portfolio, a Blackrock/CAG California multifamily portfolio, a $55MM Las Vegas industrial/office portfolio (with debt//equity restructuring), as well as providing financing for a $130MM Malibu Ranch/La Paz Class A retail/office mixed-use development and $93MM debt/equity funding for a $140MM SoCal multifamily portfolio. In total, over 13,000 multifamily units were sold, as well as numerous smaller and middle-market industrial, retail, office, and development sales and debt/equity placements.

The team's primary objective is simple: to deliver the highest quality commercial real estate transactional investment sale and capital markets advisory possible for his clients via DWG’s seasoned, intelligent institutional-grade platform.

Mr. Dunning is married with two daughters; his greatest passions are family, faith, the arts, politics, and traveling for board sports.

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BOB PERDUE

PARTNER, INVESTMENT SALES / LEASING

With over 30 years in the commercial real estate business and real estate banking, Bob Perdue has the great depth of experience to execute local and multi-market transactions at all levels. With an entrepreneurial spirit, Bob makes sure that everyone of his transactions are innovative, creative and highly responsive so that all his clients / investors understand that although every investment is different, every real estate decision must to contribute to the highest benefit of their bottom line. Whether opportunity in the commercial real estate market appears abundant or few, Bob focuses both on the big picture and the smallest details. If Bob’s clients have specific criteria in mind to fulfill their business, financial and operational goals, his advisory is always tailored so that his clients look beyond the rental rates, terms and conditions to ensure they select only the most relevant and highest outcome strategic real estate solution. As a veteran of many market cycles, Bob has repeatedly proven himself to be a hard worker, skilled negotiator and a market expert, proving investors, business owners, and developers with real estate solutions that simplify the process and improve their bottom line.

Bob Perdue operates throughout Southern California specializing in $3-$20MM middle market assets as well as being head of acquisitions for a nationwide student housing developer RAIL development.


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KEN SCOTT

PARTNER, INVESTMENT SALES,
DEVELOPMENT / SYNDICATIONS

After many successful years at CBRE, Cushman & Wakefield and H&R Property Group, Ken Scott specializes in acquisitions, dispositions, strategic leasing and development. He has his own company, Scott Affiliated, and is a member of DWG Capital Group. A full-service, real estate investment, development and advisory veteran with over 30 years, Ken specializes in retail and office sales as well as direct equity investments in commercial real estate and non-performing debt secured by real property for his own account. His own group also has a retail-focused portfolio of more than 100 properties for which he also runs acquisitions as investment cycles require.


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BRYAN GORTIKOV

PRESIDENT, GORTIKOV CAPITAL — DWG DEBT / EQUITY PARTNER


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ANDREW GI

PARTNER

Andrew Gi advises on real estate investments, joint ventures and debt/equity capital markets. As a former MAI appraiser as well as an active broker, he has over two decades of real estate valuation and transaction experience. Andrew is an experienced alternate asset investor, including real estate, private equity and venture capital. He also advises or sits on the boards of various real estate companies and/or funds. Andrew currently manages nearly $1 billion of AUM, including his own family office.


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KENNY DE ANGELIS

PARTNER, INVESTMENT SALES,
DEVELOPMENT / SYNDICATIONS

After many successful years at various firms, and many years as a developer, DWG Capital Group Partner Kenny De Angelis concentrates on sourcing unique transactions through strong local alliances. He is adept at recognizing niche and diamond-in-the-rough investment opportunities that are often overlooked due to temporary capital dislocations or perceived complexity. Kenny ensures his happiness by staying busy, and putting in old-fashioned hard work into chasing great deals. His love for real estate investment grew from the excitement he feels watching buildings transform from mounds of earth to a fully-actualized project. He is motivated by the excitement of the hunt, learning from and working with intelligent partners, and the reward of making good on his promise to deliver great returns to investors. His key areas of focus are: Deal Sourcing, Acquisition Due Diligence, Capital Raising, Finance/Equity and Debt Structuring, Contract Negotiation, Development, Investor Relations, and Disposition.


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RYAN BILLINGS

CAPITAL MARKETS | DUE DILIGENCE & ESCROW MANAGEMENT

Ryan Billings is responsible for Capital Markets at DWG Capital and Investor Relations at DWG Capital Partners, focusing on multifamily, development and industrial assets. Throughout his career, Ryan has originated, underwritten, and closed numerous commercial transactions across all major asset classes across the United States. He has also worked as a trust deed loan manager at Hillcrest Lending and has a background in programming. Ryan holds a bachelor’s degree at Emory and Henry University, where he played college football. He is a licensed real estate and mortgage originator agent in California.


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Judd Dunning

President & Principal

LA Tel: 310.261.8428
TX Tel: 972.738.8586

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