Manager Real Estate

Yosef Shapiro

PROFESSIONAL EXPERIENCE

Rockwood Capital, San Francisco, CA

May 2011 - Present

Rockwood Capital is a private real estate investment fund manager with $4.2

billion of equity commitments focusing on value-add real estate

opportunities. Work as a Financial Analyst for both the transactions and

asset management teams.

Financial Analyst

. Develop Excel and ARGUS models to produce cash flow projections,

sensitivity tables, property valuations, and joint venture structures to

assist with new acquisitions and developments.

. Prepare Investment Memorandums to be submitted to Rockwood's Investment

Committee for acquisitions through financial risk/return analysis and

the development of narratives on economic and market conditions.

. Prepare quarterly appraisals of owned assets through multi-year

projections of cash inflows/outflows.

Prudential Real Estate Investors (PREI), San Francisco, CA

July 2008 - May 2011

PREI is a global real estate investment fund manager with $44.8 billion of

gross assets under management. Worked as an Investment Analyst for both the

transactions team and PRISA, PREI's largest core fund ($11.7 billion gross

asset value).

Acquisitions Analyst

. Developed Excel and ARGUS models to produce cash flow projections,

sensitivity tables, property valuations, and joint venture structures to

assist with new acquisitions, developments, and dispositions. Underwrote

over $1 billion worth of acquisitions/dispositions in 2010 and $850

million in 2011.

. Worked with multiple asset classes, including multifamily, retail,

office, industrial, hotel, for-sale condominiums, and land.

. Prepared Investment Memorandums to be submitted to PREI's Investment

Committee for both acquisitions and dispositions through financial

risk/return analysis and the development of narratives on economic and

market conditions.

. Supported transaction due diligence and closing processes through

coordination of the portfolio management team, transaction team, legal

counsel, brokerage firms, and engineering/environmental consultants.

Asset Management Analyst - Distressed Assets

. Asset manager for distressed assets within the PRISA fund. Noteworthy

projects include:

. Individual unit and bulk sale of a $400 million twin condominium

towers.

. Foreclosure on a $235 million loan secured by an apartment

portfolio.

. Development of a $60 million retail center anchored by two large

retailers.

. Valuation and sale of a $113 million partially redeveloped

lab/office campus.

. Leasing and sale of a distressed industrial portfolio, including

450 acres of land and 1 million sf of industrial space.

. Provided on-going and quarterly portfolio level reports for

occupancy/rollover projections, budget variance explanations, debt

reporting, and multi-year projections of cash inflows/outflows.

. Generated property budgets and strategic plans for operating and

distressed assets.

. Coordinated the property appraisal process and review of quarterly

appraisals for accuracy.

. Reviewed and analyzed new leases, purchase and sale agreements, joint

venture/operating agreements, property condition reports, and other

legal documents.

. Managed third party relationships for various projects, including

leasing/sale brokers, property managers, legal counsel,

engineering/environmental consultants, tax consultants, and joint

venture partners.

KPMG LLP, San Francisco, CA

June 2007 - September 2007

Intern - Audit, Tax and Advisory Services; Financial Services Audit

Division

. Performed balance sheet analytics by confirming whether controller's

estimates of quarterly activity matched actual balance sheet results.

Confirmed all quarterly financial statement calculations coincided with

appropriate support test-work and investigated all unexplained issues.

EDUCATION

California Polytechnic State University (Cal Poly), San Luis Obispo, CA

June 2008

Bachelor of Science, Business Administration with concentrations in Finance

and Accounting Minor: Economics

Cumulative GPA: 3.7 / 4.0 (Magna Cum Laude)

Golden Key Honor Society, Beta Gamma Sigma Honor Society, Dean/President's

List, and Alpha Epsilon Pi member/treasurer

SKILLS / ACHIEVEMENTS

Applications: Advanced knowledge in Excel, Word, PowerPoint, and ARGUS

Certifications: Level II candidate for the Chartered Financial Analyst

(CFA) Exam Kahr Advanced Excel Training

Achievements: Marathon/half marathon running (completed the 2010 SF

Marathon in less than four hours)

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