Dallas businessman Ken Dunn killed in plane crash in California – NBC 5 Dallas-Fort Worth
Ken Dunn, co-founder of Dallas-based commercial real estate investment firm Rainier Companies, died in a plane crash near Lake Tahoe.
According to a statement from Rainier Companies, the plane, a Bombardier CL 600, crashed shortly after 3 p.m. on July 26.
The Federal Aviation Administration said the crash occurred during a seemingly routine landing at Truckee-Tahoe Airport in northern California.
âThe Rainier family is deeply saddened by the loss of their co-founder, partner and friend,â said Rainier President and CEO Danny Lovell. “Our sincere condolences go out to Ken’s family during this incredibly difficult time. He will be sadly missed.”
Dunn received a Bachelor of Science in Finance from Louisiana State University and an MBA in Finance from the University of Arkansas.
He began his career in banking in 1982 as a commercial loan officer with First National Bank in New Orleans and BancTexas in Dallas.
From 1989 to 1993, Dunn was Executive Vice President of The Hampton Real Estate Group, responsible for the asset management of a portfolio with a market value of over $ 1 billion.
Beginning in 1993, Dunn was involved in real estate transactions totaling more than $ 3 billion, including multi-family buildings, offices, retail, hotels and skilled nursing facilities.
Dunn founded Rainier Capital Management alongside co-founder Tim Nichols in 2003, creating a platform for real estate investing and a home for doing business.
Since its inception, Rainier has closed over $ 2.5 billion in investment assets and currently has an operating portfolio valued at over $ 1.6 billion, Rainier Companies said.