Dwight and Fedorka Invest in the Future of TREC

Dwight and Fedorka Invest in the Future of TREC
by Seth Cagin
Mar 03, 2010 121 views 0 2

Dwight Becomes a Managing DirectorTELLURIDE – Displaying confidence in the future of both Telluride and of one of the region’s biggest real estate companies, Jon Dwight has acquired a larger share in the Telluride Real Estate Corp. “

This economy has been a tough go for every business, and I’ve only seen TREC grow stronger through this,” Dwight said. “We’ve really reinvented TREC and that gave me the confidence to move forward.”

Dwight becomes one of five directors at the company, along with T.D. Smith, Steve Catsman, Steve Hilbert and Buzz Fedorka.

The block of stock became available after two longtime TREC directors, Dave Flatt and Don McLean, retired. Not only did Dwight purchase some of the stock, but at the same time Fedorka doubled his stake in the business.

Dwight first joined TREC in 2002 and was named a TREC vice president in 2006.

“Jon was already my partner in our airplane so I obviously had a lot of respect for him”, explained Hilbert. “He will be a great business partner for the same reasons he is a great plane partner. He is smart, talented, driven, and trustworthy.”

“I am thankful to the ownership group for giving me this opportunity,” Dwight said.

“TREC has provided me with the foundation to create a very successful real estate business for myself,” he added. “This is my opportunity to give back to the company that has helped make me successful.”

Fedorka explained his confidence in the future by citing the impact that the Telluride Capella has already had in bringing new visitors to the region, the benefits from ongoing expansion of the Telluride Ski Area, the new local ownership of The Peaks, and the near-completion of a new runway at the Telluride Regional Airport, which could produce new commercial service.

“I think our community is uniquely positioned to really grow in the next decade,” Fedorka said. “The satisfied customers I met who stayed at Capella are a pleasure to meet – many of these people are going to turn into property owners. The ski area’s constant expansion and improvement is a real inspiration. The most recent staircase and bridge is a fantastic addition and great for our prestige.

“And I can’t tell you how happy I am that The Peaks is now locally owned.”

TREC has shown growth over the previous year each of the last four quarters, Dwight said. Both showings of property and closings are up.

“It will be a slow recovery,” he predicted, “but we are seeing signs of it.”

Please contact buzz@fedorka.com for Telluride real estate information.