Luzich Partners LLC is a Las Vegas-based multi-strategy
investment firm formed in 2013. Luzich Partners was
capitalized by approximately $200 million in private
capital and seeks to invest opportunistically in public,
private and select real estate investments.
As the founder of Luzich Partners, Michael Luzich brings more than 30 years of investment and development expertise to the firm. Prior to forming Luzich Partners, he founded Peninsula Gaming Partners LLC with an acquisition of a gaming facility generating approximately $16 million of annual EBITDA. Through four greenfield gaming developments and additional acquisitions, the company grew into the largest privately owned gaming company in the United States, producing $205 million of EBITDA in 2012.
In November 2012, the company was sold to a publicly traded gaming company for $1.45 billion plus an earn out – equity investors achieved a return of over 100 times their initial investment.
Prior to founding Peninsula Gaming, Mr. Luzich was founder and president of various real estate and international trading companies. He attended Marquette University and is a graduate of the OPM program at the Harvard Business School.
Partner, Chief Investment Officer
Before co-founding Luzich Partners, Nick Toor was founder and chief investment officer of BlackRoot Capital, an investment fund focused on small-cap public equities and special situations.
Prior to BlackRoot Capital, Mr. Toor joined Jefferies & Company, Inc. in 1994 when its investment banking group had less than a dozen bankers. During his tenure, Jefferies became the largest middle market focused investment bank in the country, with an increase in market value from $50 million to over $3 billion.
Mr. Toor was promoted as the youngest Managing Director in the firm’s history and has served as the Group Head of the Media Investment Banking Group in addition to various leadership positions in the Leveraged Finance and M&A groups. Additionally, Mr. Toor led analyst & associate recruiting efforts as well as guided Jefferies’ growth and strategic direction as a member of the Investment Banking Management Group.
Prior to Jefferies, Mr. Toor was founder and CEO of Netsperanto.com, an online media company. Mr. Toor holds an MBA from the Harvard Business School, where he was the youngest member of his class.
Director of Development
Mr. Spainhour has over 28 years of experience in the construction industry, with projects ranging from major high rise hotel-casinos to convention centers, office buildings and airport cargo facilities.
As Executive Director of Construction and Development for Peninsula Gaming, LLC, Mr. Spainhour oversaw the design and construction of all construction projects for the company. Notably, all projects were completed ahead of schedule and under-budget.
Mr. Spainhour has also served as Vice President of Real Estate Development and Vice President of Construction at the Marnell Companies. Among various other projects, he was responsible for the project management and construction of the Molasky Corporate Center, a 3-time Toby Award winner. In addition, he oversaw the design and construction of the Marnell Corporate Airport Center as well as major amenities for MGM-Mirage Resorts.
Mr. Spainhour received his BS in Civil Engineering from the University of Arkansas in 1984.
Director of Architecture
Mr. Marshall brings over 25 years of experience in all phases of the real estate development process including site selection, programming, land acquisition, planning and zoning.
As Director of Development of Peninsula Gaming LLC, Mr. Marshall oversaw all architectural and engineering functions of the company. He has also served in senior design roles at Harrah’s Entertainment, YWS Architects LLC, and Marnell Associates.
At Harrah’s Entertainment, he had oversight of the $8 billion Las Vegas Master Plan, which sought to tie together campuses of 10 megaresorts on the Las Vegas strip. He also oversaw the $980 million expansion of Caesars Palace, which included the addition of over 1,100 guest rooms and over 170,000 square feet of amenities. Mr. Marshall’s design for the $1.4 billion Pinnacle Residential and Resort Condominium Towers won the 2007 Best of Nevada Real Estate Award for Best Architectural Design (Residential).
Mr. Marshall obtained his Master of Architecture degree and BS in Architecture from the University of Nevada, Las Vegas.
Director of Property Management
Monica Stengel has over 12 years of experience in real estate management and sales, representing commercial, multi-family, and single-family residential developers as well as bank institution clients including Bank of America, Wells Fargo/PAS and Fannie Mae.
Prior to joining Luzich Partners, Miss Stengel acted as managing broker to asset managers and outsourcers in the disposition of residential and commercial REO (bank owned) assets. Miss Stengel began working with distressed assets in 2007, negotiating recourse debt settlement for past condo-conversion clients as well as hi-rise and commercial developers.
From 2004 to 2007, Miss Stengel served as Project Sales Manager at PMA where she specialized in condo-conversion developments, a market segment that accounted for 1 out of 5 new home sales in Las Vegas in 2005.
Miss Stengel attended the University of Nevada, Las Vegas from 1999-2001, studying Hotel Management with an emphasis in Hotel Operations and completed her Operations Management internship at Northstar Resort in Lake Tahoe, CA in 2001.
Prior to joining Luzich Partners, Mr. Tang served as an analyst at BulwarkBay Investment Group, a credit hedge fund focused on distressed and event-driven situations.
Prior to joining BulwarkBay, Mr. Tang was an analyst in Bank of America Merrill Lunch’s Leveraged Finance group, where he was responsible for analysis in support of leveraged buyouts, dividend recapitalizations and the syndication of leveraged loan and high yield debt capital.
Mr. Tang has also served as an analyst in Oppenheimer & Co.’s investment banking division and as an associate at Deloitte Financial Advisory Services.
He graduated cum laude from Rutgers University with a Bachelor of Science in Finance.
Prior to Luzich Partners, Mr. Lee served as an analyst in Jefferies & Company, Inc.’s restructuring and M&A groups, where he conducted company and industry research as well as cash flow, liquidity, credit and valuation analyses. Mr. Lee was part of the teams that advised American Airline’s flight attendant union and Omega Navigation’s management in their respective Chapter 11 bankruptcy cases.
Mr. Lee graduated from The Wharton School at the University of Pennsylvania in 2011, magna cum laude, with a Bachelor of Science in Finance