Real Estate Management

PROFESSIONAL PROFILE

LAWRENCE M. CHANK

Mr. Chank is a 1970 graduate of Niagara University, Niagara Falls, New

York. After a brief service as a lieutenant in the Army Artillery and six

years in corporate accounting and internal audit, Mr. Chank has spent

thirty eight years in the field of real estate development, property

management, accounting, financial planning and financial management.

Prior to semi-retiring (and handing the reigns over to his children) in

2011 Mr. Chank spent twenty nine years as the President and CEO for The

Chank Group, Inc. Prior to founding The Chank Group, Inc., he served in

Controller and Assistant Treasurer positions with Fisher Price Toys and

Centex Homes Corporation, respectively. Additionally Mr. Chank was in

internal audit positions with the Defense Contract Audit Agency and

National Gypsum Company,

His background in financial management experience is varied, having had

high wealth clients in several dozen partnerships, LLC's, and C

corporations and providing them with estate planning, wealth building and

monthly accounting services. In addition, Mr. Chank has participated in

development projects related to entertainment centers, single family homes,

condominiums and townhouses, office complexes, neighborhood retail centers,

industrial warehousing, hi rise office buildings, manufacturing plants, and

farming.

In addition to his business activities, Mr. Chank is active within the

community as a former member and co-chairman of the City of Indio's

Economic Development Advisory Committee; a member of the City and Chamber

of Commerce Business Recruitment and Retention Committee; a member of the

Old Town Indio Business Association, and a member of the Coachella Valley

Economic Partnership.

He is a former president of the Indio Arts Foundation and a recipient of

the Indio Chamber of Commerce Businessman of the Year Award. Mr. Chank

actively supports local charities, especially the Boys and Girls Club,

where he was on their investment and finance committees and actively

participates in their fundraising activities. Mr. Chank is a former

Treasurer for the Boys and Girls Club.

Mr. Chank is a Certified Public Accountant with his license issued in the

State of New York and a licensed real estate broker in the State of

California.

CONTACT INFORMATION

LARRY CHANK

E-MAIL: **********@*****.***

CELL NO: 760-***-****

YOUR INTRODUCTION TO

LAWRENCE M. CHANK

Lawrence M. Chank is the semi-retired CEO of a diversified

development, investment, and financial management organization with a

history of successful involvement in entertainment centers, shopping

centers, office complexes, multi-tenant industrial parks, agricultural

developments, and resort style residential projects both as new

construction and redevelopment projects.

From his early years in financial planning and real estate development,

Lawrence M. Chank and The Chank Group, Inc. have been a recognized leader

in financial planning, and designing, developing, testing, and managing

specialty shopping centers, office plazas, and light industrial complexes.

His success with innovative land use concepts is based on in-depth

knowledge of small business activities that lets Mr. Chank assist his

investors, tenants, and high wealth clients in everything from estate and

financial planning to financing and operations. The overall result is

stable, prospering partnerships, and real estate investments.

Another reason for this success is his continued involvement with each

client and an understanding of the innovative development concepts

necessary to be successful over several decades. His professional services

continue with each client including estate planning, tax advice, financial

services, property management and leasing, achieving a portfolio of

satisfied investors. Under his supervision, operations run smoothly from

the beginning. His understanding of the changes in consumer spending

habits allows him to develop projects, which continue to be state of the

art and operate successfully in a changing marketplace.

In the final analysis, his product is ingenuity ingenuity in the

context of a formula for success that has been refined and proven through

his years of operation.

Certainly other organizations and individuals work on projects similar to

ours. But the differences are in Mr. Chank's total creative approach to

professional services, design, land use, coordination, and management and

his understanding of the financial goals and objectives of his high wealth

clients and family held operations. Mr. Chank is able to combine his

experience as a Certified Public Accountant and real estate developer to

minimize the impact of income and estate taxes and maximize current cash

flows to provide a stable family financial structure which lasts for

several generations.

Although these differences seem to be intangibles, their results are very

concrete and extremely evident in the continuing success of each of Mr.

Chank's project

LAWRENCE M. CHANK

and

THE CHANK GROUP, INC.

BUSINESS HISTORY

The Chank Group, Inc was formed in February 1982 and operated as a

Financial Services and California licensed Real Estate and Property

Management company. The company's reigns were turned over to Rodney

Chalmers, Mr. Chank's stepson in 2011.

The Chank Group Inc. staff was experienced in financial services, building

management, operations and construction and maintenance supervision. The

organization consisted of:

POSITION YEARS

YEARS WITH

EXPERIENCE

CHANK GROUP

CEO 41 29

Properties Supervisor 5 5

Office Manager/ Bookkeeper 22 22

Receptionist 7 6

The property and financial management organization managed over two dozen

partnership, LLC, and C Corporations with 66 commercial / industrial

buildings consisting of over 1,500,000 square feet of space. In addition,

it has managed two entertainment projects, 980 acres of farm property, and

over 1300 acres of prime development property.

The Chank Group Inc. staff maintained a state of the art computerized

accounting and property management system to provide client accounting,

monitor tenant accounts, and process daily accounting activities. The

following is a summary of the major programs operating on our system:

*Property Management- MRI/EDP

Tenant Master Records Accounts

Receivable

Delinquency Reports

Statement Preparation

Cash Receipts Journals

*Accounts Payable- MRI/EDP

Open Invoice by Date or Vendor Check

Preparation & Writing

Vendor Master Records Check

Registers

Cash Disbursement Journals

*General Ledger- MRI/EDP

Journal Entry Trial Balance

Financial Statements Yearly Detail

Records

Account Master Records

*Other Applications-

Microsoft -Excel Microsoft Word - Word

Processing

LANTASTIC Networking Various Internet

Services

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