Real Estate Project
Resume:
FRANK J. MARMO, CPA, MBA
Mokena, IL *****
*******@****.***
CAREER SUMMARY
Seasoned and results oriented commercial real estate investment professional
with over eighteen years of experience in acquisitions and portfolio
management. Proven ability to source, negotiate, close and manage
investment transactions, with over $1 billion of executed investments
completed. Experienced professional coupled by a graduate business degree
and CPA certification.
WORK EXPERIENCE
2006- 2009 COMMONWEALTH REALTY ADVISORS, INC.
SEC Real Estate Investment Advisory & QPAM
Vice President-Investments
Source, underwrite, negotiate and close acquisitions and joint venture
value-add real estate transactions on behalf of institutional and Taft-
Hartley clients.
Personally responsible for over $100 million in client funds invested
in joint venture equity or mezzanine debt over the last three years.
Portfolio management of assets with a gross value in excess of $500
million
1999-2006
CORNERSTONE ADVISORS, INC. – (wholly owned subsidiary of Oryx Capital
International, Inc)
Cornerstone was acquired by EQUIBASE CAPITAL PARTNERS in
January 2005
SEC Real Estate Investment Advisory and Private Equity Firm
Vice President
Source, underwrite, and deal structuring of new real estate
investments for both Taft-Hartley client and private equity real estate
fund. Actively participated in over $900 million of executed
transactions.
Provide portfolio management services for a $400 million portfolio
on behalf of Taft-Hartley clients for Cornerstone Advisors (Client:
AFL-CIO Building Investment Trust)
Provide portfolio management services for a $250 million
commingled opportunistic private equity fund for Equibase Capital
Partners - (The Everest Fund).
Frank J. Marmo
*******@****.***
19 95-1999 U.S. EQUITIES REALTY, INC., Chicago, IL
Sr. Financial Analyst-Investment Services Group
Completed assignments that included acquisition, disposition and
development analysis on behalf of institutional clients as well as owned
assets.
Performed ARGUS analysis, cash flow modeling and sensitivity analysis,
and prepared investment offerings and memorandums
Intimately involved in over $300 million of transactions.
Assistant Controller (1995-96) responsibilities, which included
overseeing financial reporting and managing staff accountants on over 20
commercial office and retail properties
1992-1995 DRAPER & KRAMER, INC., Chicago, IL
Senior Staff Accountant-Asset Management Group
1990-1992 LEVINE, HAHN, KILCOYNE & CO., Chicago, IL
Staff Accountant –CPA Firm
EDUCATION
DEPAUL UNIVERSITY, Chicago, IL
Charles H. Kellstadt Graduate School of Business,
Master of Business Administration, with distinction
Concentration: Finance/Real Estate
DEPAUL UNIVERSITY, Chicago, IL
Bachelor of Science in Commerce, with honors
Concentration: Accounting
COMPUTER/ Microsoft Windows
SOFTWARE ARGUS
Pro-Calc lease analysis software.
Frank J. Marmo
*******@****.***
Frank J. Marmo, CPA, MBA
SAMPLE OF CAREER INVESTMENT TRANSACTIONS
$13MM joint venture(JV) equity investment (total development cost (“TDC”) of $51MM) for
a 259 unit student housing development with ground floor retail – Champaign, IL
$8MM JV equity investment (TDC of $38MM) for a 96 unit student housing/mixed use
development- Ann Arbor, MI
$14MM JV equity investment (TDC of $54MM) for a 152 unit mixed use
(apartments/retail/structured parking) development – Chicago, IL
$1MM mezzanine debt investment (TDC of $12MM) for the development of a neighborhood
retail center – Chicago, IL
$12MM JV equity investment (TDC $61MM) for 135 unit apartment development financed in
part with Tax Exempt bond financing– Boston, MA
$35MM JV equity investment (TDC of $140MM) for the development of a 600 luxury
multifamily units with ground floor retail –Chicago, IL
$40.5MM construction loan converting to a JV equity investment (TDC $46MM) for the
conversion and construction of a vintage manufacturing facility into 344 multifamily garden
and loft apartments with ancillary retail. Project received Tax Increment Financing (TIF) –
Villa Park, IL
$7MM mezzanine financing for adaptive reuse and redevelopment of historic building into a
mixed use (apartments/hotel/parking/retail) project (TDC $85 million). Project received
Federal and State Historic Tax Credits – St. Louis, Mo
$40MM JV equity investment (TDC of $113MM) for the development of 550 luxury
multifamily units with ground floor retail – Chicago, IL
$7MM JV equity investment (TDC of $17MM) for the development of a biotech lab facility –
North Brunswick, NJ
$11MM JV equity investment (TDC of $37MM) for the development of 135 multi-family
units –Cambridge, MA
$40.5MM construction/permanent loan (TDC $51 million) for the redevelopment and
conversion of a vintage manufacturing facility into 282 multifamily units and ground floor
retail. Project received Historic Tax Credits – Philadelphia, PA
$20MM construction/permanent loan (TDC of $35MM) for the construction of a 280 room
Hilton Hotel – Santa Clara, CA
$25MM direct equity acquisition of two suburban office buildings – Schaumburg, IL
$3MM JV equity acquisition ($16MM) for a 588 unit multi-family project –San Antonio, TX
$25MM JV equity investment (TDC of $250MM) for development of mixed use project
(retail/office/multifamily) –Washington, D.C.
Frank J. Marmo
*******@****.***
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