Real Estate Management

SUMMARY Experienced commercial real estate professional with strong analytical and strategic skills. Over a decade in institutional real estate with a variety of real estate investment firms with increasing responsibility at each firm. Background includes both the transaction and management aspects of real estate. Education includes Masters’ degrees in both Real Estate and Finance.

PROFESSIONAL EXPERIENCE

TJS CONSULTING, President; Chicago, IL

2010 - Present

Independent consultant providing a wide range of services to a variety of clients. Some examples include:

• Mesirow Financial – Assisted with acquisition underwriting and due diligence and created a standardized model for underwriting apartment development opportunities.

• Cushman and Wakefield – Working for their Chicago industrial investment sales team, assisted in the development of Broker Opinion of Values, RFPs, investment sales packages, and acted as the intermediary between the seller and buyer during the due diligence process.

• Resources Global Professionals – Developed a disposition analysis for a real estate consulting firm whose client sought a disposition or revenue enhancement strategy for its real estate assets.

• Newport Capital – Assisted in analyzing and developing an investment strategy for the potential takeover of an existing $90 million real estate portfolio. Assisted in portfolio return analysis.

CAPRI CAPITAL PARTNERS

2003 - 2009

Vice President – Investments; Chicago, IL

Asset Management

• Performed asset management duties for wholly-owned, joint venture, and mezzanine debt investments.

• Managed multifamily, industrial, office and retail assets.

• Reviewed, edited and approved annual property and joint venture operating budgets.

• Performed property inspections.

• Monitored and ensured compliance with loan covenants, both as a borrower and as a lender.

• Developed and attempted workout strategies for troubled investments.

• Oversaw the appraisal process, both for internal valuations and external appraisers.

• Reviewed and negotiated property management agreements.

• Prepared annual Asset Management Plans, which included property and market assessments.

• Reviewed, negotiated and approved leasing at commercial properties.

• Set and approved rental rates and concession levels for multifamily properties.

• Evaluated value-add opportunities for multifamily assets.

Acquisitions

• Managed the acquisition and disposition process for industrial, multifamily, office and retail

assets.

• Identified potential acquisitions through existing relationships and broker community.

• Targeted major metropolitan markets across the U.S.

• Underwrote potential investments and performed market due diligence.

• Wrote, submitted and negotiated letters of intent.

• Oversaw and conducted third party due diligence including the hiring of third party consultants.

• Negotiated purchase and sale and joint venture operating agreements for acquisitions and

dispositions.

• Created and presented investment packages to Investment Committee.

• Participated in over $900 million of transactions.

• Selected investment sales teams for dispositions.

• Oversaw third-party appraisal process and developed internal property valuations.

• Prepared quarterly performance reports for separate account and commingled fund clients.

• Performed Hold-Sell analysis to identify the holding period that maximizes investment returns.

RREEF Chicago, IL

2000 – 2003

Portfolio Associate

• Performed asset management duties for a 27-property private REIT and separate account client.

• Portfolios included industrial, multifamily, office, and retail assets.

• Assisted in budget preparation for each property.

• Interacted with property management on a regular basis for leasing, capital, and related issues.

• Supported property disposition process, including writing memos for Investment Committee.

• Prepared the internal property valuations and associated valuation packages and managed the third-party appraisal process.

• Developed annual asset management plans for individual properties.

• Prepared Quarterly Performance Report for REIT’s Board of Directors.

• Assisted in determining the size of the quarterly dividend to REIT investors.

• Developed portfolio models to analyze REIT performance and potential investment strategies.

• Produced Hold/Sell Analysis to assist in determining an investment’s life cycle.

STATE TEACHERS RETIREMENT SYSTEM OF OHIO Columbus, OH

1998 - 2000

Real Estate Analyst

• Underwrote over $4 billion in potential real estate acquisitions.

• Examined potential office, multi family, industrial, and retail investments.

• Assessed unleveraged and leveraged acquisitions.

• Analyzed development, repositioned, and stabilized acquisitions.

• Supported the due diligence and closing process.

• Assisted in writing investment reports for the Investment Committee.

WISCONSIN PHYSICIANS SERVICE HEALTH INSURANCE, INC. Madison, WI

1992 - 1996

Computer and Information Systems Auditor

• Conducted audits and control evaluations of computer information systems. This included PC, network, and mainframe operations.

• Prepared audit reports for senior management.

• Led corporate team in developing corporate network Standards.

• Wrote departmental network proposal.

• Developed computer programs used for auditing and basic business purposes.

EDUCATION

UNIVERSITY OF WISCONSIN Madison, WI

Masters of Science, May 1998, Real Estate Appraisal and Investment Analysis

Masters of Business Administration, May 1998, Finance

UNIVERSITY OF WISCONSIN Madison, WI

Bachelor's of Business Administration, December 1990, Accounting

ADDITIONAL INFORMATION

• Computer skills include Argus, Excel, Word and PowerPoint.

• Extensive development and use of Discounted Cash Flow (DCF) models.

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