Real Estate Manager

Raymond J. Pacini

Newport Beach, CA *****

Email: ********@*****.***

Cell: 714-***-****

SENIOR FINANCIAL EXECUTIVE

Thirty-one years of experience in finance and operations, including 13

years as CEO and eight years as CFO of publicly-traded companies, three

years M&A experience with $8 billion conglomerate and seven years with "Big

4" CPA firm. Also an outside director and audit committee chair for two

other public companies for nine years. Skills include:

Strategic Planning

Corporate and Project Finance

Restructurings and Turnarounds

Mergers, Acquisitions and Divestitures

Joint Ventures

Investor Relations

Financial Planning and Analysis

Leadership and Team Building

Negotiations with Government Agencies

Direction and Oversight of Outside Legal Counsel

SEC Reporting and Sarbanes-Oxley Compliance

Board Memberships and Audit Committee Chair

EXPERIENCE:

2005 to Present: Board of Directors and Chairman of Audit Committee

- Cadiz Inc. (NASDAQ: CDZI). Cadiz is developing a

combination of water supply, water storage and solar energy

projects on 45,000 acres that it owns in California. Also

serve on Compensation Committee and Corporate Governance

and Nominating Committee.

1998 to 2011: California Coastal Communities, Inc. (f/k/a Koll Real

Estate Group, Inc.), Irvine, CA

President, Chief Executive Officer and Director

. Responsible for strategic planning, direction and

management of all operations of residential land

development and homebuilding company (formerly publicly-

traded on NASDAQ: CALC).

. Negotiated complex political and environmental process

to obtain California Coastal Commission approval in 2005

for highly controversial 356-home residential community

located in Huntington Beach, CA after 20-year

entitlement process commenced by predecessors in mid-

1980's.

. Negotiated sale of 100 acres to State of California's

Wildlife Conservation Board for $65 million, which

closed in 2005.

. Grew business from revenues of $2.1 million in 1998 to

$129.5 million in 2005, and from 1998 loss from

continuing operations of $(2.3) million to net income of

$28.4 million in 2005.

. Completed $225 million debt financing with syndicate of

banks in 2006 to fund $125 million for $12.50 per share

special dividend to stockholders and $100 million for

construction of 356-home residential project.

. Completed $23 million sale and leaseback of 17 model

homes in December 2008 during financial markets crisis.

. Completed restructuring of $182 million in senior

secured debt and raised $15 million of new capital

through chapter 11 process, and exited bankruptcy on

March 1, 2011.

1993 to 1998: Koll Real Estate Group, Inc. (f/k/a Henley Properties

Inc.), Newport Beach, CA

Executive Vice President and Chief Financial Officer

. Responsible for all financial, treasury and accounting

functions, planning and budgeting, acquisitions and due

diligence for this publicly-traded (formerly on NASDAQ:

KREG) residential and commercial real estate development

company.

. Negotiated $33 million sale of commercial development

business in 1998.

. Restructured $210 million of publicly traded PIK

debentures and other liabilities through debt for equity

exchange via prepackaged bankruptcy in 1997.

. Negotiated with numerous State and Federal agencies from

1994 - 1977 and completed sale of 880 acres to State of

California for $25 million in cash plus assumption of

liability for wetlands restoration.

. Negotiated acquisition of a homebuilding company in

1994, a management agreement with a second homebuilder

in 1995 and a joint venture agreement with a third

homebuilder in 1996.

. Negotiated $60 million sale of timber subsidiary and

other asset sales in 1993.

1993: Koll Management Services, Inc., Newport Beach, CA

Executive Vice President and Chief Financial Officer

. Responsible for all financial and accounting functions,

planning and budgeting, acquisitions and due diligence

for this publicly-traded (formerly on NASDAQ: KMS) real

estate property management, brokerage and related

services company.

. Negotiated acquisition of large property management

company based in Chicago, IL that helped expand national

platform (KMS later merged with CB Commercial, now known

as CB Richard Ellis).

1990 to 1993: Henley Properties, Inc. (a/k/a The Bolsa Chica Company),

Newport Beach, CA

Managing Director-Controller (1990 to '92), Chief Financial

Officer (1992 to '93)

. Diversified, publicly-traded (formerly on NASDAQ: HENP)

real estate development company with residential, office,

industrial, hotel, golf course, marina and timber

properties, and operations in California, Michigan,

Wisconsin and New Hampshire.

. Restructured $100 million of senior bank debt and $200

million of subordinated pay-in-kind debentures and

negotiated merger with affiliated company (Henley Group)

which increased assets by $100 million in 1992.

. Completed $45 million financing of timber business in 1993.

. Negotiated acquisition of commercial real estate

development business in 1993.

. Initiated and completed strategic plan to sell non-core

assets and focus on residential business in early 1990's.

1986 to 1989: The Henley Group, Inc., Hampton, NH

Director of Financial Reporting

. Directed preparation of all SEC filings and management

analysis for $8 billion in assets, publicly-traded

(formerly on NASDAQ: HENG) diversified conglomerate

(scientific and medical products, waste-to-energy,

engineering and construction, chemicals and automotive

supply manufacturing, rail car leasing, aerospace, and real

estate) including two acquisitions and five spin-offs in

three years. Henley was a spin-off from Allied Signal,

Inc.

. Directed analysis of alternative structures for attempted

$10 billion acquisition of Santa Fe Southern Pacific.

. Directed analysis of financial feasibility of $100 million

hotel reconstruction project and convinced CEO to

restructure the project.

1979 to 1986: PriceWaterhouseCoopers (f/k/a Coopers & Lybrand), Boston,

MA

Manager (1983 - 1986)

. Fast-track promotion to manager in less than four years.

. Directed audits of a variety of high-technology

companies, a large telecommunications company, packaging

company, truck leasing business, and municipal

government.

. Directed consulting and auditing services provided to

New England Telephone during formation of NYNEX (now

known as Verizon) and its spin-off from AT&T in 1984.

. Coordinated audit and tax services for computer

manufacturer related to complex sale and leaseback

transactions.

EDUCATION: M.B.A., Cornell University, 1979

. Major: Finance and Accounting

B.A., Colgate University, 1977

. Major: Political Science

CERTIFICATIONS: CPA, formerly licensed in Massachusetts (1981 - 2005)

PRIOR BOARDS

OF DIRECTORS: Board of Directors and Chairman of Audit Committee -

Metalclad Corporation (NASDAQ: MTLC) from March

1999 to June 2002. Metalclad was in the waste management,

asbestos removal and insulation businesses. Also served on

the Compensation and Nominating Committees.

Board of Directors - Corona del Mar High School Foundation from

September 1998 to June 2001. Raised funds to supplement

school's budget and provide enhanced programs to students.

Member of Finance Committee - Santa Ana Country Club from January

2001 to December 2006.

Contact this candidate