Tod co-founded MREC in 2008. Tod also co-founded MRI and Petroleum Strategies, Inc. MRI was formed in 1992 to acquire oil and natural gas reserves. Petroleum Strategies, Inc. was formed in 1991 to serve as a qualified intermediary in connection with the execution of Section 1031 transactions. The company has come to be recognized as the leader in the industry, facilitating $40 billion in real property transactions. Tod obtained a Bachelor of Science degree, with honors, from Abilene Christian University and serves on ACU's Board of Trustees.