Rod W. Musselman

**** ***** ***** *****

Maineville, Ohio 45039

352-***-****-Cell

abm9fg@r.postjobfree.com

WORK HISTORY

Vice President – Miller Valentine Group, Cincinnati, Ohio, 2007 –

Miller Valentine Group is a vertically integrated real estate company engaged in the development, construction,

acquisition, sale and / or management of real estate asset classes including commercial, retail, industrial, and

residential (seniors, affordable and class a market rate apartments)t. Services also include design / build in the

commercial asset classes. The company employs 600+ and has revenues of $150 million+.

Administratively I have served as operations officer working directly with the President in areas including strategic

planning, budgeting, capital sourcing, and recruitment, training and retention. I have been personally and directly

responsible for structuring compensation plans including multi tiered bonus and incentive pay for team members

involved in deal sourcing and business development.

I have also been tasked with managing the start up of a national platform for development and operation of class “a”

market rate apartments including business plan generation, entity infrastructure, capital sourcing, and recruitment of a

fully professional regional and national staff. In that capacity I have been directly responsible for coordinating /

managing all internal and external professionals including legal, architectural, engineering and environmental. I have

managed project budgeting, construction bidding, and deal closings including real estate P&S agreements, conventional

loans, and private equity.

As of this date we have closed deals in four states with a gross value of more than $150 million.

Sr. Vice President – Regional Development Partner, Julian LeCraw & Co., Atlanta, Georgia, 2004 - 2007

Julian LeCraw & Company is a vertically integrated company aggressively engaged in the development, construction,

acquisition, management and / or sale of residential properties located in SE and Sunbelt US markets. The company

employs 200+ and has revenues in excess of $100mm per year. Products include for sale attached sfr, condo, condo

conversions, luxury apartments and, in coastal areas, operating marinas and a small amount of commercial / retail.

I was directly responsible for new development and acquisitions in South Carolina, coastal Georgia and Florida. I was

personally and directly responsible for site / opportunity identification, market research, deal structuring, negotiation of

P&S Agreements and closing thereof, project / product conceptualization, financial modeling, coordination of all

internal and external professionals, asset business planning, managing entitlement / design / permitting sequence (as

required), point of contact for investors and lenders (including national funds and insurance companies).

During my tenure we completed the redevelopment of three operating marina as sophisticated mixed use properties

including luxury residential, commercial and retail space representing gross value of more than $450 million.

Principal – RKH Advisors, LLC, Jacksonville, Florida 2002 –

In 2002 the owners of The Emmer Group elected to curtail further operations beyond local homebuilding and I made a

transition from my role as President of that company into that of a consultant and fee manager offering services to

residential, multi family, and commercial developers with projects in SE and Sunbelt markets. I formed RKH as a sole

proprietor platform to provide those services.

RKH has provided fee project management services for real estate projects in Florida (3), Georgia (2), Texas (5),

Indiana (1) and Michigan (4).

President, COO – The Emmer Group, Gainesville, Florida 1994 – 2002

President, COO – Emmer Construction

The Emmer Group is a 55+ year old, vertically integrated company with areas of specialization in commercial,

residential and multi-family construction and development. In support of those efforts the company operated

development, construction, property management, marketing, sales and closing departments. While I was affiliated

with the company it employed approximately 65 and had annual revenues of $100+mm. (Full P&L accountability)

I was recruited to manage the turn around of the company which was accomplished by selling non-complimentary

operating businesses, focusing on core disciplines, and restructuring the balance sheet to meet capital needs. I re-

negotiated banking relationships, established new ones, and sourced private equity in support of the company’s re-

positioning.

I was responsible for re-engineering the organizational chart and for “right-sizing” the staff which included the

recruitment of key professional team members. I was responsible for generating and administering corporate policy

and procedure, training programs, and safety programs.

As a direct result of my efforts the company’s profits escalated from -$100k in 1993 to +$2.0 million in 2002 and an

increase of $250k per month in net income distributable to investor / owners of newly developed income producing

properties.

Managing Officer, COO, MSF Management, Ocala, Florida 1989 – 1994

MSF was the first tier real estate development, construction and property management subsidiary of Mid-State Federal

Savings Bank ($1.5bb assets) headquartered in Ocala, Florida. MSF was engaged in the horizontal development and

sale of finished residential lots in equestrian oriented communities in Marion and Alachua counties. In addition, MSF

offered fee management services to third parties and served as a conduit for the REO pipeline of its parent company.

In 1987 Synagen Capital Partners was retained by the BOD of Mid-State to reposition the institution for sale. I was

recruited by Synagen to become part of its execution team in Ocala. In December of 1993 Mid-State Federal was sold

to AmSouth Bank (now Regions) for $43.50 per share (vs. market price of $6.35 in 1987). (2 direct reports; department

of 6)

I had full P&L accountability for the business unit and for authoring and executing business plans in accordance with

the parent company’s goals. During my tenure with MSF we completed more than 500 lots in two subdivisions and

marketed them to end users and third party builders. We managed the foreclosure and disposition process for Special

Assets / REO of Mid-State Federal and disposed of more than 2500 assets including finished lots, partially complete

subdivisions (A&D loans), and completed residential, multi-family and commercial properties. In many cases MSF

acted as the listing broker in connection with these transactions.

Managing Director, SFB Capital Corporation, Boca Raton, Florida 1984 - 1988

SFB was a private equity fund of approximately $200mm invested in two tranches. The first, representing 60% of the

fund was in the capital stock of a financial services company. The second tranch was deployed as venture capital for

businesses involved in real estate development and in direct equity investments in projects of those firms. I was

responsible for authoring and executing a crisis management plan. Under that plan I assumed the role of Managing

Partner / COO of various operating companies in which SFB had invested. Projects undertaken by those entities were

primarily commercial / mixed-use urban in character and located in major southeastern metropolitan markets. In

addition, SFB was the principal venture capital source for the Ginn Company acquisition of Hilton Head Holdings /

Sea Pines Corporation. I lead the foreclosure action against Ginn in connection with Hilton Head Holdings.

President / CEO, Satter Commercial Development, West Palm Beach, Florida 1980 - 1984

Satter Commercial was a first tier subsidiary of The Satter Companies, a horizontally configured private holding

company consisting of 11 operating companied engaged in the development, design, construction, marketing,

management and funding of real estate projects across essentially all asset classes. The company employed more than

600with revenues of more than $250mm per year (unadjusted for inflation). Satter was one of the top 10 home builders

in SE Florida, the second largest retail developer in Palm Beach County, and the largest (dollar volume) private equity

syndicator in Florida. Satter Commercial Development was a first tier subsidiary and a vertically integrated company

engaged in retail, office and light industrial development. Commercial consisted of development, construction, and

property management business units. ( I had three direct reports and a total team of 22). Satter Commercial had

annual revenues of $75mm+ (unadjusted for inflation). I had full P&L accountability for the business entity and was

responsible for authoring and executing annual operating business plans and was responsible for producing / approving

corporate policies and procedures. I was personally and directly involved in recruitment, deal sourcing, negotiation of

P&S Agreements, and capital sourcing. During my tenure we developed over 1.5 million square feet of office and

retail space and performed the fee construction of 700k square feet of commercial space. The Commercial Group also

developed facilities for multiple financial institutions as well as IBM. In my capacity as CEO I had three direct reports

and the business unit had 40 full time employees.

Development Partner – First Affiliates, Delray Beach, Florida 1976-1980

First Affiliates was a retail / commercial development joint venture with a Federal Savings Bank.

As a co-founder of the First Affiliates initiative my primary responsibility was identifying, acquiring and entitling

significant commercial / retail parcels in the path of growth in Broward, Palm Beach and Martin counties. During my

tenure with First Affiliates I was directly responsible for the acquisition of land representing 12 projects and more than

1.0 million square feet of space. At this stage of my career I also gained my first hands on experience with construction

management including costing, buy-out, project scheduling, and general job administration.

Education:

BA – Communications and Divisional Sciences, Florida Southern College, Lakeland, Florida (12/75).

Graduate Studies – Finance / Accounting, Florida Atlantic University, Boca Raton, Florida (76/77)

Certifications / Licenses Earned:

Real Estate Broker – Florida Mortgage Banker – Florida

Certified General Contractor – Florida Securities Broker / Dealer (22/39/63)

CCM © Certified Treasury Manager CFA Level 1 Candidate

Affiliations: ICSC, NAIOP, NAHB, NMHC United Way

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