Real Estate Development

Cal Denison

Email: *********@********.***

Address: **** * ******

City: Chicago

State: IL

Zip: 60631

Country: USA

Phone: 224-***-****

Skill Level: Senior

Salary Range: $150,000

Primary Skills/Experience:

See Resume

Educational Background:

See Resume

Job History / Details:

Cal Denison

5700 N Natoma, Chicago, IL

(Cell) 224-***-****

(E-Mail) *********@********.***

Overview

Well-rounded creative executive with senior level experience in all phases of real estate investment and corporate management. Led asset management, due diligence and compliance teams in multi-family, commercial, lodging and timeshare development and marketing arenas. Effective manager with excellent oral and written communication skills, technologically proficient, with a successful track record in turn-around and entrepreneurial business settings.

Major Recent Accomplishments

Originally recruited for business development role, after 2008 economic collapse I was asked to take on special projects at several business units and was then moved up to Senior Executive committee to assist in overall corporate re-structuring (privately held timeshare development company).

Reported directly to CEO in strategic capacity.

Active member of management team that moved corporate focus from P&L to cash flow performance. Consistently achieved cash flow and bonus targets

Implemented best practices as financial liaison for sales and marketing division for all business contract and new program development.

Coordinated due diligence teams on numerous potential resort and corporate acquisition opportunities.

Assumed management of all landlord relationships along with facilities administration.

Negotiated early lease terminations of large surplus obligations at nominal cost to company.

Acted as principal and partner in two privately held real estate investment and development companies with interests in Hawaii, St Thomas, Illinois and New York.

Lead team member in acquisition and entitlement process for major waterfront marina, retail and condominium site in St. Thomas.

Acquired, entitled and re-sold Chicago west loop loft building to owner-user for adaptive re-use as server hotel. Yielded 200% ROI to partnership in 180 days.

Acquired, re-developed, managed and disposed of 158 residential units in three projects on the north-side of Chicago. Provided investors an IRR in excess of 25%. Acted as President and CFO of all entities.

Recruited by major shareholder as President and CEO to design and implement post-bankruptcy turn-around for timeshare, casino, and lodging company with operations in five Caribbean countries.

Restructured HOA operations to institute mandatory maintenance fees, implement reserves and correct long term deferred maintenance over three year period without incurring material increase in maintenance fee delinquencies

Negotiated significant labor cost reductions with Aruban casino worker union to return Alhambra casino to profitability. Resulting partial turn-around gained confidence of lender to facilitate a major renovation loan which completed casino re-positioning.

Lead company effort to put together an investing partnership to successfully acquire a failed waterfront timeshare development property from the Aruban government. Project resulted in significant increase in management and marketing income to company (Divi Aruba Phoenix Resort and Beach Club).

Achieved cash flow turnaround-from $3M negative annual cash flow to $3m positive annual cash flow over five year period.

Chronological Work History

Shell Vacations LLC (Shell Vacations Club)-Northbrook, IL

2008 to 2012---Executive Vice President-Business Development

Served on 12 member Executive Committee

Privately held lodging and timeshare development company recently sold to Wyndham Worldwide, Inc.

Ambit Management Inc. (Self-Employed)-Chicago, IL

2001 to 2008---Principal and President

Fee for Services general partner promoting and executing turn-around Chicago area real estate investment opportunities targeted at 25% IRR

PRM Realty LLC. (Principal)-Chicago, IL

2000 to 2001---Principal and Partner

Valued added boutique development firm with focus on unique in-fill resort related early stage development projects.

Firm sold in 2001 to Insignia Realty.

Divi Resorts. Inc. (Chapel Hill, NC)

1995 to 2000---President and CEO

De-listed publically held firm-one shareholder controlled 90% of outstanding shares.

Corporate office in North Carolina-nine resorts, two casino, two dive hotels located throughout Caribbean.

Primary focus was timeshare development (conversion and purpose built) with lodging and casino being ancillary divisions.

Experience prior to 1995 (Chicago, IL)

Independent real estate consultant supporting lenders and investors

Senior level due diligence and workout officer at large real estate syndication firm (VMS Realty Partners, Inc.)

Real estate appraiser specializing in ad valorem tax appeal (Price Associates, Inc.)

Single family house appraiser (Brandt-Carlson & Associates)

Educational Credentials

University of Illinois, Champaign, IL (1978)

BA, Economics with Concentration in Finance

Full complement of investment analysis courses thru American Institute of Real Estate Appraisers

Hold an active Illinois Managing Broker License

Personal Highlights

Married for 24 years

Four children from 16 to 23 years of age

Involved in community charities (Food Pantry, Friendship Presbyterian Church)

Serve as adult leader for Appalachian Service Project (teenagers re-building homes)

LinkedIn public profile: http://www.linkedin.com/pub/cal-denison/14/811/693

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