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Real Estate Financial

Location:
Tarrytown, NY
Posted:
August 02, 2019

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Resume:

JOHN D.G. ALLMAN

*** ******* **** +1-646-***-****

Tarrytown, NY 10591 ac9y0e@r.postjobfree.com

SUMMARY

I provide creative financial services & solutions that contribute to the success of small/large business managers, owners, investors. Proven track record in the USA and Australia as team/project leader and individual contributor in senior finance and portfolio management roles for real estate investment managers, owners, developers, equity and debt investors, creditors (in bankruptcy) and service providers in the property value chain, and in strategic, corporate and business start-up or wind-down roles. Grounded, innovative, purpose-driven, values-oriented, and comfortable across the big and small picture. Experienced and able to provide services in financial accounting & reporting, financial analysis, forecasting & budgeting, business planning, capital transactions & structuring, development, operations, financing, M&A, integration, transformation and restructuring. I am not your average accountant.

PROFESSIONAL EXPERIENCE

CFOcus Consulting LLC, Tarrytown NY 01/2016-Present Provide business and financial consulting services to assist entrepreneurs/owners in identifying their financial pathway, focusing on key actions for peak success. Key pillars: perspective, planning and performance. Examples:

Created and guided financial modeling and served on the advisory board of W@tercooler, a coworking business operating in Westchester County NY. Evaluation of options to relocate to larger premises, stay put or close business

Consulted with a leading affordable housing developer on upgrading its project feasibility financial model to better enable it to consistently and rigorously evaluate new investment opportunities

Collaborated with Dean and Chief of Staff of the Colin Powell School of Civic and Global Leadership to develop and improve on its budgeting processes and tools, in response to changing and challenging financial environment Lendlease Americas, New York NY 07/2004-10/2015

SVP, Head of Integrated Solutions (07/2011-10/2015) Directed debt and equity capital markets team, an in-house platform responsible for financing real estate and infrastructure development projects in the Americas region. This included developing complex cash flow models for analysis with project teams, identifying and interfacing with 3rd party investors and other consultants, transaction structuring, and communicating operational, accounting and tax issues to all stakeholders

Coordinated the company’s Regional Investment Committee process, charged with creating policy & procedures, and reviewing and approving investment capital submissions for all projects initiated by the Americas region

Projects included pursuits and/or closed transactions for:

MHPI portfolio comprised nearly 41,000 family housing units on 21 US military installations, with a construction value of $6.6bn and project financings of nearly $5bn.

PAL represented the privatization of lodging facilities comprising 12,500 rooms on 41 US Army installations over the 2009 - 2015 period. Financial closings occurred in four transactions, with $715m in senior term debt

Veterans Affairs Winston Salem healthcare center represented a competitively bid 375,000 sq.ft. integrated new development, with a $110m construction to permanent 20-year term loan and the pre-sale of project equity,

PPP pursuits, supported from a financial modelling, financing and accounting/tax perspective included various education, civic and healthcare projects in the US, Canada and Brazil

Provided financial modelling and capital strategies supporting US real estate development pursuits in national healthcare sector, and residential and office sectors in major gateway cities:

Closed on five healthcare projects, with three developments completed and successfully sold

Closed on three residential joint venture residential development sites in New York, Chicago and Boston

Contributed financial, strategic and operational support for the creation of new business units, focusing on:

Telecom sector - development and ownership of cell towers, and construction services to clients

Energy sector – renewable energy (solar, storage) projects, energy performance contracting services SVP, Finance and Investments (07/2004-06/2011)

Led team responsible for oversight of strategic core property asset, execution of two MBO transactions, and the wind-down of sold/discontinued real estate investment operating platforms, including management and profitable liquidation of retained co- investments, receivables/warehouse line/developer receivables collection and resolution

Represented company in its JV investment in King of Prussia Mall (2.7m sq. ft.), including oversight of external and internal asset management, leasing, redevelopment and financing transactions. After considering various potential sale and fund transactions, the interest was sold in 2011, realizing a ~18% IRR over a 15 year hold period

Realized ~$203m in proceeds and ~$64m in profits managing the liquidation of 36 investments, comprising a diverse mix of asset & security types, including affordable and conventional multifamily rental and condominium assets, real estate debt and equity securities, fund co-investments and non-controlling property interests

Liaised with external investment bankers and coordinated negotiations, approvals and closing the sales of a REIT securities management platform and real estate research business

Coordinated the collection of ~$186m of receivables, including warehouse loans, developer loans & collateral/workouts John D.G. Allman +1-646-***-**** Page 2

Coordinated due diligence, accounting, taxation and legal reviews in the merging and dissolution of over 200 legal entities

Designed and implemented a mentor program for the finance function, and mentored several individuals

Supported new business pursuits in emerging healthcare, communities and urban development businesses, including financial and strategic operational analysis, modeling, due diligence and investment submissions Lend Lease Real Estate Investments, New York NY 01/1996-06/2004 SVP, Principal, Finance (07/1997-06/2004)

Supported the Regional CFO in leading teams executing strategic financial processes, including merging of finance teams post acquisition of various businesses, interim CFO role for non-core property/facilities management business in advance of execution of its sale, design/implementation of Cognos management reporting tool,

Created new investment product financial & operating models, and preparation of investment submissions

Contributed financial analysis for the M&A team, integration planning, contract negotiation, valuation of management agreements & goodwill, and purchase price allocations for two business platform acquisitions totaling ~$375m

Served as member of two divisional investment committees with delegated authority to commit ~$150m to affordable housing syndication and mezzanine loans, executing ~75 transactions per annum

Provided strategic support to senior living platform, Cordia Senior Living, including development of proformas, liaison with investment platform, project sales & refinancing (Country Club Heights, Rose Gardens, Roseville and Westmont)

Coordinated and led corporate business repositioning team, identifying & executing activities saving 15% of costs

Participated as lead or support in ten separate business disposals or wind-downs over a 15-month period CFO, The Yarmouth Group (01/1996-06/1997)

Led finance, HR and legal functions for US/UK-based real estate investment business with $5.5bn in assets under management and

~225 employees, coordinating on policy and practices with finance heads of client investor reporting and retail property management

Oversight of controllership, treasury/financing, management & statutory reporting, business planning, budgets & forecasting, and preparation of investment submissions for new fund products and investments

Provided financial analysis & functional support for business case to form a new development business, which secured fee-for- service contracts, co-development projects with partners, in retail, multifamily, condominium and office projects Lend Lease Group, Sydney, NSW, Australia 03/1991-12/1995 Investment Controller, MLC Life (01/1994-12/1995)

Led investment controllership team through outsourcing of custody administration for a ~A$15bn portfolio of domestic and international equity, debt and real estate and retirement community investments, whilst transitioning processes to enable timely issuing accurate daily unit prices for over 150 investment and insurance products Group Management Accountant (03/1991-12/1993)

Executed the consolidation and financial/metrics analysis of divisional profit, cash, liquidity and balance sheet budgets and forecast updates for presentations to CFO and corporate leadership, to assist in discussions and presentations of all global real estate and financial services businesses, and providing assistance to in preparation of annual reports, MD&A and financials

• Financial analysis supporting ~A$600m equity investment for ~10% of Westpac Bank, generating ~A$700m profit Hooker Group 03/1983-10/1990

VP Finance, LJ Hooker Development (01/1989-10/1990), Atlanta GA Provided leadership and financial direction to 25-person finance team supporting real estate development business, with ~40 active projects and ~300 employees

After Chapter 11 (US) and Provisional Liquidation (Australia) filings of the Hooker Group, provided controllership and team guidance for Debtor-in-Position for 18 months, executing secured/unsecured creditor processes, team reduction & asset liquidations Chief Accountant, Hooker Projects (09/1985-12/1988), Sydney, Australia Managed six-person team providing accounting services, project profit/cost planning reporting, management reporting, audited financial statements and income tax return preparation to property development business, with ~150 employees in six regional offices

Initiated and implemented various workflow automation processes, including redesign of chart of accounts, intercompany charging, and interfaces between general ledger and project control and business dashboard tools

Execution of succession plans, enabling internally promoted employee to assume leadership of team EDUCATION

Macquarie University, Bachelor of Economics (Accounting), Sydney, Australia CPA Australia, Professional membership



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