North Bay Advisors
Rebecca Kelly, CPA, MBA Resume
Qualifications
Thirty years experience in asset, property and financial management of investment portfolios including mutual funds and real estate with a record of consistent success in improving financial performance, re-positioning and optimizing value.
Skills, Knowledge, and Expertise
Certified Public Accountant Certified Management Accountant
Series 6/63 Securities License Financial Investment Consultation Real Estate Market Studies
Strategic Options Analyses Corporate Valuations Resident Apartment Manager
Professional Experience
Owner, North Bay Group, LLC, Virginia Beach, Va. Commercial Real Estate, 1999 Present
Acquired/constructed and substantially rehabbed 301 apartment/townhouse units in Virginia
Performed 100+ Corporate Valuations, Strategic Options Analyses, Confidential Business Reviews,
and corporate finance projects as an independent consultant for The March Group, an
international investment banker.
Manage several residential real estate properties including obtaining financing and managing rehab.
Consult with other real estate developers obtaining financing, negotiating purchase contracts,
performing underwriting analyses of LIHTC deals, and monitoring rehab. Interact with engineers,
architects, mortgage bankers, appraisers, auditors, legal counsel, etc. Obtained over $106 million of
financing relating to nine real estate acquisition/rehab projects.
Chief Financial Officer/Asset Manager, D.B. Frye & Associates, Inc., Norfolk, Virginia Commercial
Real Estate, 1993 - 2000
Manage all financial and administrative activities of a multi-entity, multi-state, and
multi-industry portfolio of business operations. Real estate portfolio had a capitalized value of over
$200 million.
Structured and negotiated a $20 million + tax credit deal which substantially rehabilitated 435 moderate
income housing units.
Obtained financing for all acquisitions and replacement/rehab debt utilizing FHA, FNMA, conduit, and
other financing sources. Total mortgage debt obtained during 1999 and 2000 exceeded $86 million
relating to the acquisition, refinance, and rehab of eight properties. Obtained the largest loan ever
placed by VHDA ($22.4 million) to finance the rehab of a 426 unit apartment complex in Charlottesville,
Va.
Underwrote & performed feasibility analyses on every potential business or real estate acquisition.
Asset Managed several properties during rehab and successful repositioning.
Contested real estate tax assessments resulting in over $120,000 in annual savings.
Established a master insurance policy resulting in over $110,902 (25%) in annual premium savings.
Consultant, Landmark Communications, Inc., Norfolk, Virginia 1992 - 1993
Completed continuous improvement reviews identifying areas in which substantial savings could be
realized through efficiency gains and enhancements of internal controls.
Chief Financial Officer, Eastern Virginia Medical School Academic Physicians & Surgeons Health
Services Foundation, Virginia Beach, Virginia, 1989 - 1992
Managed the financial and administrative operations of a 150 physician group practice encompassing
35 medical specialties generating over $45 million in annual gross billings.
Directed financial reporting, management accounting, treasury, tax, human resource, data processing,
and budgeting. Increased overall efficiency
Senior Associate, PriceWaterhouse Coopers, Norfolk/Newport News, Virginia 1987 - 1990
Evaluated tax and business issues of real estate client operations and recommended changes to
facilitate regulatory compliance and optimize real estate valuations.
Asset Manager, Goodman Segar Hogan, Inc. EF Hutton/GSH Commercial Property Portfolios, Norfolk,
Virginia 1984 - 1986
Performed asset management and development activities for commercial property portfolios
encompassing over $250 million of real estate holdings.
Education
Masters in Business Administration, Old Dominion University, Awarded Research Assistantship
B.S. in Business Administration, Accounting Concentration, Summa Cum Laude, Top 1% of Class,
Old Dominion University
North Bay Advisors
341 Whiting Lane
Virginia Beach, VA 23456
Phone: 757-***-****
Fax: 757-***-****
abqoq3@r.postjobfree.com
Rebecca Kelly, CPA, MBA is a registered representative registered to transact business with clients in Virginia and Florida. If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet. Securities offered through H.D. Vest Investment ServicesSM, Member: SIPC 6333 North State Highway 161, Fourth Floor, Irving, TX 75038, 972-***-****.
Investments:
Are not insured by the FDIC or any federal government agency
Are not deposits of or guaranteed by the bank or any bank affiliate
May lose value
North Bay Advisors is not a registered broker/dealer or independent investment advisory firm.