Real Estate Management
Resume:
RICHMOND J. MAJORS
Denver, CO 80230
*******@***********.***
CAREER ACCOMPLISHMENTS
. 25 Years experience in commercial and residential asset management
and development located in a variety of local, regional and national
markets
. Direct oversight of development projects totaling $150MM, including
vertical office buildings and multi-use commercial sites.
. Successfully founded and operated a consulting practice specializing
in commercial development, residential development, and portfolio
management
. Developed asset management and disposition procedures to successfully
asset manage and dispose of $50MM of privately owned real estate in
greater Denver area
. Created asset management and development company operations manual to
successfully navigate, teach and manage each facet of the real estate
management process
. Responsible for the strategic oversight, management and disposition
of over $250MM in RTC assets
. Provide direction to staff at all levels for the effective management
and disposition practices.
PROFESSIONAL HISTORY
Paradigm Real Estate Services, LLC Real Estate Asset Management,
Development Management, and Investment
Founder/Managing Principal
Create and execute Paradigm's business and marketing plan that blended
commercial real estate consulting with investment management in real estate
assets. Consulting assignments consist of start-to-finish development
management and strategic planning for asset sustainability, repositioning,
lease vs. purchase decisions, feasibility studies, and building renovation.
Primary consulting assignments were for portfolio management of assets
totaling 1.5MM square feet of retail, office and medical office space, and
residential development Seven assets were repositioned through changing the
existing debt, equity, and building occupancy, which resulted in the
successful and profitable sale of over $40MM of Metro Denver real estate
(prior to the recent economic downturn). Other assignments included an
acquisition and predevelopment of an independent grocery store, relocation
and redevelopment of retail fabric business, development of a 25,000 square
foot retail lifestyle project, and development management for a 125,000
square foot, Class A, office building, and a 100-unit luxury condominium
project in Cherry Creek. Grocery store predevelopment and financing
sourcing saved the client over $300,000 in costs and required little out-of-
pocket investment. Predevelopment recommendations on the office building
yielded reductions in capital costs of over a $700,000, and advice on
planning the condominium project allowed the client to significantly reduce
future development costs by expediting the relocation of utilities and
filing the development plan with the City of Denver. Investment
recommendations include identifying acquisition opportunities, due
diligence, highest and best use analysis, proforma creation, contract
negotiation, and creation of an exit strategy. Clients include national
developers, local real estate owners, and corporate users of build-to-suit
facilities.
Castle Rock Development Company (subsidiary of the Sturm Group) Real Estate
Acquisition, Development, and Asset Management
Director of Commercial Properties
Increased efficiency of two city blocks of mixed-use development in Cherry
Creek North comprised of 130,000 square feet of retail (including Tattered
Cover, Sonny's, and Janus) and 220,000 square feet of office space through
creation and execution of asset management plans. Increased occupancy to
over 98%, lengthened overall average lease term by 1.75 years through early
renewals of anchor tenants, reorganized property management, and leasing
staff, and created viable redevelopment plan of underperforming split-level
retail. Created comprehensive business plan for the land development of
the commercial components (444 acres) of two master-planned communities:
The Meadows, Castle Rock, CO, and Kings Point, Aurora, CO (combined acreage
total over 2500 acres). Land planning required feasibility analyses,
entitlement, infrastructure development, and marketing. Optimal uses of
the commercial land combined retail, office, warehouse, medical, and mixed-
use development. The Town Center was the core of a Traditional
Neighborhood Development (TND) within the master planned community of
10,000 residential units. Vertical pre-development encompassed feasibility
and planning build-to-suit office, industrial/office flex, and extensive
strategy formation for the town center that consisted of 270,000 square
feet of residential, 60,000 square feet of office, 55,000 square feet of
retail developments. Developed pipeline of acquisition opportunities by
locating, analyzing, and formulating recommendations for real estate
investments including master-plan communities, business parks, office
buildings, notes secured by real estate, and raw land.
Mack-Cali Realty, LP (previously Pacifica Holding Company, LLC) Real Estate
Acquisition, Development, Leasing, and Management
Director of Leasing and Development
Directed land acquisition, development, leasing, and asset management of
Mack-Cali office portfolio in Colorado. Portfolio consists of 1.7MM square
feet in 18 properties throughout the Denver and Colorado Springs area with
office, flex, and build-to-suit uses. Acquisition of land required
feasibility study, contract negotiations, entitlements, and closing.
Development of eight commercial office projects on the front range
connected feasibility spreadsheet design and implementation, conceptual
building design and planning, core and shell construction management,
tenant finish design coordination, tenant finish project management.
Project Team Leader for the development of the flagship property, The URS
Center at DTC and Tufts, a 185,000 square foot six-story, class A office
building. Direct lease negotiations of new and renewal leases and
coordination of leasing efforts through third party brokers (responsible
for the largest lease transaction, a 10-year, 130,000 square foot lease
valued over $35MM). Asset Management combined oversight of long-term
planning for capital improvements, lease administration troubleshooting,
and tenant retention/rollover management. Additionally and separately,
administered the transfer of assets from Pacifica Holding Company to First
Industrial Realty and Mack-Cali (both transactions were valued over
$350MM).
GlobeSource Financial Inc., Asset Management, Lakewood, CO
Vice President - Asset Management
Management and disposition of a $250 million dollar asset portfolio of REO,
loans (performing and non-performing), and direct ownership interests in
real estate investments (land, industrial, retail, office, and multi-
family. Worked out four of the largest borrowing relationships, including
a $35 million dollar land development. Acquired, reviewed, and maintained
comprehensive due diligence materials, including appraisals, environmental
reports, title policies, operating statements, and site inspection reports
for over 150 assets. Prepared business plans outlining the budget,
financial analysis of borrower or property, and disposition strategy for
each asset. Executed the business plans effectively via litigation
strategy, borrower workout negotiations, foreclosure, contract
preparation/review, lease negotiations, and facilitation of closings.
Other responsibilities: manage asset managers and assistant asset managers;
voting member of GlobeSource Credit Committee; Affordable Housing
Specialist; attorney oversight; reconcile servicer records; direct brokers,
property managers, appraisers, and other sub-contractors.
QUALIFICATIONS
Effective manager, communicator and negotiator
Proven leader in the asset management and development management process
Fluent administrator of a diverse cross-section of real estate leasing and
investment transactions
Established developer of business network
Well versed analyst in personal, corporate, and real estate investment
financial analysis; versed in all Microsoft applications
Licensed Colorado Real Estate Broker
EDUCATION
COLORADO STATE UNIVERSITY - Fort Collins, Colorado
B.S. Degree - Finance and Real Estate
UNIVERSITY OF COLORADO - Boulder, Colorado
Advanced Colorado Real Estate Law Series
E-MYTH MASTERY IMPACT - Denver, Colorado
Comprehensive Small Business Leadership and Management
ASSOCIATIONS
Colorado State University Alumni Association
DMCAR
Anthony Kruse Foundation
Family Learning Center, Boulder
Lowry Elementary Eagle Fund
Cotillion of Denver - Board and Chaperon
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