Manager Real Estate

Michael Roderer, CPA

***** *** **** ***** + Tampa, FL 33625 + (H) 813-***-**** (C) 813-***-****+

abipr1@r.postjobfree.com

Career Summary ______

o Senior Financial Executive and CPA with MBA. Leader with financial

management and operational expertise across wide range of industries. An

accomplished professional with highly developed analytical skills. My

professional style is practical, articulate, and creative with proven

ability to solve difficult problems. Ability to drive desired results

through leadership and cross-functional team building. Detail and system

oriented strategic thinker with excellent conceptual abilities. Areas of

expertise include:

o Accounting/Finance Operations ( Acquisition

Due Diligence

o Commercial Real Estate Knowledge ( Strong Relationship

Manager

o Budget, Strategic Planning and Forecasting ( Cost

Control and Reduction

o Complex Financial Modeling (Excel) (

Financial/Operational Analysis

Professional Experience

Horizon Bay Retirement Living - Tampa, FL

Vice President - Asset Management - February 2005 to March 2010

Financial manager for 80+ senior housing communities nationwide

(approximately $3.0B Asset Base, $600M in annual revenue). Planned,

organized and led annual budget and long term planning process for all

communities. Presented budgets and plans to client Investment Committees

and financial representatives. Reported financial results to institutional

investors, lenders and equity investors, providing variance analysis and

strategic actions to be undertaken for communities. Worked with Senior

Management and functional leaders to provide relevant financial analyses.

Underwrote and provided valuation of all potential U.S Acquisitions and

Development projects, including active role in securing financing.

Implemented benchmarking system for all assets using industry-wide data,

using results to recommended operational changes for improved results.

o Provided detailed underwriting on over $3.0B+ worth of potential

acquisitions, $1.5B+ of underwritten deals were actual acquisitions,

encompassing 60+ communities and 10,000+ units.

o Key team member in negotiating and securing $490M of Debt on related

deals through Freddie Mac and other lenders, $200M of

development/construction loans and $17M of community expansion loans

Acted as consultant to operations teams for implementing strategic changes

to drive profitability

o Implemented new budget model utilizing Per Resident Day and Per Occupied

Unit data for all communities to allow for compilation of flexible

budgets

o Speaker at two NIC (National Investment Center for Seniors Housing & Care

Industry) conferences.

Progress Energy - St. Petersburg, FL - June 2001 to February 2005

Senior Plant Accountant, January 2004 to February 2005

Managed, accounted for and reported on $7B + of assets related to Florida

utility. Regulatory reporting

to National and State agencies (FERC, FPSC, DOE, SEC). Provide Month end

close support on all plant

assets including generation and distribution assets.

Senior Financial Analyst, June 2001 to December 2003

Compiled Budget and Long Range Financial (Strategic) Plan for FPC.

Prepared Senior Management

Presentations. Presented research results to Florida Finance leadership.

Prepared adhoc financial analyses

across all business units by teaming with business unit personnel.

Major accomplishments include:

( Integral part of Rate Case team that filed for $206M increase in rates

in support of New Power Plants and increased storm reserve. Assisted

in recovery of $231M in Hurricane Storm costs incurred in 2004.

Michael Roderer

Page 2

Intermedia Communications - Tampa, FL (Acquired by WorldCom)

Business Planning and Analysis Manager, October 1998 to June 2001

Coordinated and implemented Company-wide Revenue budget process, including

preparation, modeling,

summarization and presentation of data. Planned, organized and lead the

budget planning for Marketing

Department, including implementing new reporting tools with variance

analysis. Developed department

staff (hiring, mentoring, reviewing, firing). Prepared Consolidated

monthly results and presentations for

Executive Committee Presentation. Major projects and accomplishments

include:

o Worked on Cross-functional team to help design and improve company-wide

budget process.

St. Joseph-St. Anthony Health System - Tampa. FL - May 1995 to October 1998

Senior Accountant, June 1997 to October 1998

Prepared budgets and financial statements for various Health System

entities. Reviewed and monitored

A/P, A/R and Payroll for 6 entities. Review and approve financial

statements of Health System entities.

Supervise, review and develop professional and clerical staff.

Senior Financial Analyst, May 1995 to June 1997

Prepared proforma financial statements and capital budgets for entities

within Health System. Prepared various adhoc financial analyses for all

entities, coordinating with Executive Directors and accountants. Prepared

quarterly and annual Board of Director packages for presentation.

Siemens Energy and Automation - Atlanta, GA

Senior Financial Analyst, October 1993 to April 1995 (Relocated to Florida)

Prepared Annual and Long Range Business Plans, including strategic plans

and proforma financial

statements for $1 billion CPCD. Designed complex PC based models for plan

development. Evaluated

Capital requests using IRR, DCF and other determinants.

Dayton Superior Corporation - Dayton, OH

Cost Analyst, July 1990 to May 1992 (Left to attend Graduate School)

Provided analysis of standard costs, including all variance explanations.

Built complex pricing models and provided price analysis on new products

and special projects.

Ikeda Interior Systems, Inc - Sidney, OH

Accounting Manager, July 1989 to June 1990

Prepared and presented financial statements and analysis to Senior

Management and Holding Company executives. Japanese company transplanted

in Ohio.

Society Bank, N.A - Cleveland, OH (Now called KeyBank)

Senior Internal Auditor, October 1986 to July 1989

Planned, organized and reported on audits of bank departments and offices.

Computer and Technical Skills

o Microsoft Windows, Excel, PowerPoint and Word

o G/L Systems - Yardi, PeopleSoft, Oracle

o Hyperion (Essbase) and Business Objects

Education and Training

Masters in Business Administration - University of Georgia, Athens, GA -

Concentrations in Corporate Finance, Real Estate and MIS GPA= 3.4

Bachelors of Science in Business Administration - The Ohio State

University, Columbus, OH

Major = Accounting

Certified Public Accountant, State of Ohio (Active Member)

2010 Honored Member of Biltmore's Who's Who

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