Sixboro, originally named Schmitt Capital, started when co-founders William Schmitt and Edwin Lebron began renovating smaller residential properties in their home state of New Jersey after leaving successful careers in finance and merchandising. Incredibly adept at discovering prime opportunities and building successful investment strategies, the team quickly expanded, as well as its project portfolio. The company then was renamed to Sixboro to better reflect its full-service offerings. Sixboro now provides construction, development, asset management, and technology services on a global level.
Meets the Street
William oversees the firm’s strategic direction, business development efforts, and investment activities. These responsibilities entail uncovering new relationships, structuring agreements with key stakeholders, and formulating asset-specific business plans. William also spearheads investor relations, capital raising, and disposition of assets while ensuring the design and construction planning of all projects are aligned with investor expectations.
Prior to creating Sixboro, William graduated from Babson College in 2007, upon immediately going to work for Lehman Brothers. During the financial crisis, and the acquisition of Lehman Brothers by Barclays Capital, William was offered an opportunity to create a new team in London, England. There, he spent 3 years in roles across multiple asset classes in Synthetics and Derivatives.
Edwin oversees the timely execution of the firm’s day to day operations across all departments: development, construction, and asset management. These responsibilities entail optimizing internal processes to efficiently produce high performance assets. Edwin also spearheads the sourcing and acquisition of opportunities which include negotiating land purchase agreements, underwriting analysis, and performing due diligence. In addition, he drives project milestones, and oversees scheduling, budgeting, bid/leveling, demolition, and permitting across all projects.
Upon graduating from William Paterson in 2012, Edwin directed the Toys R Us Corporate merchandising strategies for over 800 stores while ensuring new initiatives are executed to align with the organization’s vision. Edwin also analyzed weekly sales data searching for trends identifying risks and opportunities and directed capital improvement projects including new stores and remodels.