Rhett Trees is the founder, CEO, and chief compliance officer at Seneca Capital Partners and its affiliates. In addition, he is the founder and managing partner of 828 Capital Partners, which acts as the single-family office for the Trees family.
From 2013 through 2017, Rhett was an equity partner at Caddis Capital Investments, the sponsor of Trico Fund III, an oversubscribed equity vehicle levered to $75 million. Trico III qualified as one of the Top 70 largest mobile home community owners in the US. Caddis Capital Investments is a diversified private equity firm with a charter to own and operate income-oriented assets spanning multiple sectors including mobile home communities, self-storage, student housing, and parking assets. During 2012, Rhett was a principal at The True Life Companies, a diversified group of real estate companies whose primary mission was to be the premier provider of lots and land to America’s homebuilders. When he departed, the firm had $100 million invested across 15 projects. As the chief operating officer at THE PGA TOUR CLUB from 2010–12, he was responsible for its portfolio of luxury homes, golf courses, resorts and golf academies. Spanning 2008 through 2010, Rhett was a vice president at 1-800-PACK-RAT, the nation’s second largest mobile self-storage company, where he was actively involved as an investor and a member of the senior management team that orchestrated the multimillion-dollar franchise consolidation and corresponding $92 million strategic sale to Waste Management in 2009. In 2018, 1-800-PACK-RAT sold in a follow-on transaction to Zippy Shell. From 2003 through 2008, Rhett was one of the first 20 employees at Exclusive Resorts, where he was an instrumental sales executive as the company grew from seed capital to a disposition event with Steve Case, the founder of AOL. During his tenure, Rhett closed over $100 million in deals and the company grew to $1.4 billion in assets under management.
Rhett graduated from the Kelley School of Business with a double major in marketing and entrepreneurial management. He completed the Real Estate Executive Program at Harvard Business School and finished his overseas studies at the University of London in England. Rhett sits on several for-profit and not-for-profit boards across the country. When he’s not working, he enjoys fly fishing, scuba diving, cycling, golf and spending time with his wife, Lindsey, and their two young children.