Real Estate Management
Resume:
Email address
**********@*****.***
First Name Middle Last Name Suffix Maiden Name
Barbara A. Erhart
N/A
Work Phone & Ext Toll Free Phone Fax Phone Home Phone
972-***-**** 214-***-**** 214-***-****
Cell Phone Pager Personal Web Site Address
Secondary E-mail
****.******@**.***.***
Address City, State
Zip
6833 Sedgwick Dr.
Dallas TX 75231
Month/Year Hired Month/Year Left Total Years with Company
Jun 1977 Jun 1986 9
Office Division Title
Dallas Tax Senior Manager
Country Other Employment Details
(Previous positions, duties, or fun info)
United States
Company Name Position
Jones Lang LaSalle Americas, Inc. Managing Director, Capital Markets
Company Web Site
http://joneslanglasalle.com
Company Size (employees) Est. Company Revenue Industry
251+ > $25,000,000 Select One
Do you hold any professional certifications
(Separate with commas)
CPA
Other Current Employment Details
(Description of Position)
Birthday Marital Status Spouse's Name Anniversary
Oct 18 Divorced
Children's Names & Ages
Haley Smith, 14
c Copyright Andersen Alumni Association 2012. All Rights Reserved.
BAErhart 2008.pdf
Barbara A. Erhart
6833 Sedgwick Drive
Telephone: 214-***-****
Dallas, Texas 75231 Email: **********@*****.***
Executive Summary
A results-driven leader with strong financial, operations, team building, problem solving
and management
experience. A demonstrated track record of success in project management; forecasting and
variance analysis;
strategic planning; sales and acquisitions of businesses and properties; cash management;
loan origination and
negotiation; contract negotiation; and real property leasing and operations.
Professional Experience
Jones Lang LaSalle Americas, Inc
. (as successor to The Staubach Company) - Dallas, Texas
2007
PresentManaging Director, Finance & Operations, Staubach Capital Markets, Inc.
The capital markets subsidiary of The Staubach Company, a privately owned national
provider of real estate services.
Assisted in the daily management of four capital markets business units institutional
retail investment sales,
owner/occupier corporate advisory and sale leaseback services, triple net lease sales,
and mergers & acquisition advisory
services, providing financial and operations support to the brokers and reporting to the
parent. Assisted in the due
diligence for a contemplated business acquisition, including development of financing
alternatives.
Provided accounting, treasury, and operations support to funds sponsored by The
Staubach Company and sold pursuant to
private placement memorandums, including assisting in closing various real property
acquisitions.
Providing transition services to merge select business units into Jones Lang LaSalle
and assisting in the separation of those
units being eliminated or spun off into separate ownership.
RM Crowe Company
- Dallas, Texas 20022007Chief Financial Officer
A privately-owned full service real estate development and management company with over
five million square feet of hotel,
suburban office and retail properties located in Texas, Indiana, Louisiana, California
and Colorado.
Initially managed all aspects of the company, including leasing, operations, mortgage
banking, human resources, IT and
accounting. Reorganized company, achieving savings of approximately $2 million in
overhead and positioning company
for growth. Led process to define business units, goals and strategies for one year and
five year plan. Relinquished
operations in May 2005 to focus on raising equity and increasing liquidity sources.
Developed sources for bridge equity for acquisitions by increasing working capital
lines of credit by over 70%, arranging
for over $25 million of mezz loans, and working with brokers to identify new
institutional partners to assist in closing over
$333 million in transactions. Assisted in the closing of over $200 million in mortgage
debt.
Established an alliance with a NASD wholesaler to establish a broker/dealer network for
tenant in common and note
program equity syndications sold pursuant to SEC Regulati on D private placements to
accredited investors, raising $37.5
million in the first year, and $88 million over two years.
Created a series of financial reports for over forty partnerships and six active
operating companies, including short and
long term financial forecasts, budget models, weekly cash reports, fair equity value
estimations, and other tools for
improved management and analysis.
U.S. Restaurant Properties, Inc
. - Dallas, Texas 20002001Chief Financial Officer
A publicly-traded self-managed real estate investment trust ( REIT ) with 934 properties
in 48 states, specializing in the
development, management and leasing of fast food, service station and convenience store
sites. (In 2005, the REIT merged
with CNL Restaurant Properties, Inc. and 18 CNL Income Funds.)
Managed the finance, accounting, investor relations, tax, MIS, treasury and human
resource functions for the Dallas-based
REIT with over $82 million in rents and approximately $700 million in assets. Responsible
for quarterly and annual
reporting to SEC, NYSE, and stockholders. Regularly communicated with Wall St. analysts,
investors, banks and
bondholders regarding earnings and other business matters.
Barbara A. Erhart Page Two
Led the team in identifying financing alternatives and managed the process to close
$175 million secured bridge loan
(including all documentation for subsequent $180 million securitization), $7 million
unsecured revolver and refinancing of
st
$27.5 million bond pool in 1 quarter 2001.
Realigned internal departments for better communication and workflow and increased
economies of scale. Changes
decreased overhead by approximately 25% in first year.
Led team to select and implement financial and property management system to achieve
staff and functional integration
and efficiencies, comprehensive financial reporting, and more effective property
management. Instituted first set of
operating and accounting procedures and policies for Company as part of process.
Performed internal valuation of Company and its assets, five year forecast and other
strategic tools to assist executive
management and Board of Directors in maximizing shareholder value. Coordinated the
efforts with Merrill Lynch to
market the Company and provided Board with strategic alternatives. Closed equity
transaction with Lone Star
Opportunity Funds in March, 2001, infusing $20 million in equity and new management.
Billingsley Company
- Dallas, Texas 19952000Chief Financial Officer
A real estate development company focused in the acquisition of raw land and development
of industrial warehouses, suburban
office parks, and master-planned mixed-use residential communities.
Managed the leasing, operations, financial reporting and management of approximately 5
million square feet of industrial
warehouses, 600,000 square feet of suburban office space and the financing and
development of a 548-unit multifamily
complex. Negotiated leases and build to suit contracts and coordinated delivery of
premises with construction companies.
Oversaw separate management teams operating design centers located in Boston, Houston and
Dallas. Sourced and
closed approximately $600 million in construction and permanent financing.
Assisted in the design and development of a 2,000 acre master-planned community
activities included annexation
analysis, zoning modifications, negotiation of developer s agreement, submission of TIF
plan to multiple cities and school
districts, contract negotiations for cable and communica tion services, and planning and
budgeting for over $12 million in
infrastructure.
Improved profitability by over 60% through the implementation of leasing parameters,
collection procedures and internal
management of capital maintenance and repairs.
Negotiated the modification and extension of several loans, resulting in lower interest
and cash flow payments as well as
discounted payoffs ranging from 8% to over 50% of the principal balances.
Managed the marketing of office and design center properties as well as the acquisition
and later sale of two travel
divisions, one of which was sold approximately 18 months later at a 300% profit.
PriceWaterhouseCoopers
- Dallas, Texas 19891994
Senior Audit Manager
(1992 - 1994
);
Senior Tax Manager (1989 - 1992
)
Bright Banc Savings Association
- Dallas, Texas 19861989
Senior Vice President
), Regulated Industries Division
Professional and Civic Affiliations
Certified Public Accountant, Texas
Commercial Real Estate Women of Dallas (member since 2000; Director 2005 - 2006;
Treasurer 2006)
The CREW Classic foundation (Director 2005 - 2006; Treasurer 2006; Committee Chair 2007 -
2008)
Dallas Real Estate Council (1997 - 2007)
Financial Executives Institute (1999 - Present)
Shakespeare Festival of Dallas (Director 1993 - 1999; 2003 - 2006)
Education
BBA,
Accounting Texas A & M University Magna Cum Laude
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