Management Manager

MICHAEL WACHSMAN

Bronx, NY ***** Cell: 646-***-****

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SUMMARY

Real Estate professional with work experience in regional and multinational

firms and proficiency in the following areas:

Acquisitions Business Development Market Analysis

Budgeting Property Management P&L Forecasting and

Management

Asset Management Strategic Planning and Performance Analysis and

Positioning Reporting

EXPERIENCE

REDROCK REAL ESTATE GROUP (Real Estate Investor), New York, NY 2014

-present

Acquisitions and Asset Management

Acquisitions

. Analyze potential acquisition targets, including direct and joint

venture investments.

. Develop business plan for asset, typically including unit renovations,

targeted and property-wide capital improvements, expense management,

and development of additional revenue sources.

. Construct operating proformas, valuation, and returns analysis.

. Author offering memoranda for investors.

. Conduct acquisition due diligence of proforma rents, leases, financial

statements, operating assumptions, rehabilitation budgets and market

comparables.

Asset Management

. Assess the financial position and performance of a $225 million

portfolio of 3,000 units.

. Develop operating budgets and distribution schedules.

. Advise on performance and budget variances, identify and solve issues

impacting assets, and audit operating line items.

. Propose areas to augment income and reduce expenses.

paredim partners (Real Estate Acquirer, Owner & Manager), 2006 -2014

White Plains, NY

Acquisitions and Asset Management Associate

Acquisitions

. Analyzed potential acquisition and development targets, forecasted

cash flows and conducted valuation and returns analysis.

. Conducted acquisition due diligence of proforma rents, leases,

financial statements, operating assumptions, rehabilitation budgets

and market comparables.

. Prepared financing memoranda and evaluated financing proposals for

acquisitions and refinancings.

Asset Management

. Assessed the financial position and performance of a $100 million

portfolio of 2,200 units.

. Produced operating and construction budgets, capital calls, draws, and

distributions.

. Advised on performance and budget variances, identified issues

impacting assets, and audited operating line items.

. Ran the asset management reporting for a $125 million, 470-unit condo

conversion project.

STARWOOD hOTELS & RESORTS, White Plains, NY 2004 - 2005

Revenue/Performance Analysis - Pricing Manager

. Created scenario-based models to predict industry and company revenue,

cash flow, and hotel occupancy.

. Generated strategies and analytical tools to help maximize revenue and

market share.

. Produced reports assessing company performance and significant

developments across various dimensions, including brand, ownership,

hotel type, location, and customer segment.

. Originated new methods and reports to gauge and monitor company

performance, enabling various stakeholders (CEO, investor relations,

field staff) to better understand the financial and competitive

position of the company, key success drivers, and areas for financial

improvement.

Schonfeld Securities, Purchase, NY 2001 - 2003

Equity Trader

. Developed and executed strategies for trading based on financial and

quantitative data.

. Led team-building exercise to identify and assess market scenarios and

their optimal trading techniques.

FREEMAN & CO. (Strategic Consulting for Financial 1998 - 2000

Institutions), New York, NY

Analyst

. Performed industry analysis for major international investment banks.

. Authored reports on the asset management and investment banking

industries.

. Benchmarked clients' revenues against competition and assisted in

creation of budgets and profit-and-loss- statements.

. Devised methodology ranking individual companies to evaluate

effectiveness of clients' strategies and identify further revenue

opportunities.

. Constructed database detailing transactions by type, company, region,

and value and assessed total investment banking fees generated, by

product and country.

MONY GROUP INC., Tax Department, New York, 1997 - 1998

NY

Associate

. Evaluated real estate portfolio and calculated appropriate

depreciation.

. Determined tax liability of subsidiaries and completed federal and

state returns.

EDUCATION/LICENSES

. Columbia University, New York, NY - Bachelor of Arts, Economics, 1997,

G.P.A. 3.7 / 4.0

. Passed CFA Level I; studied material and coursework for CFA Level II

Additional

. Colorado Outward Bound School (Summer 2000): Participated in the 50-day

Alaska Wilderness Leadership Semester Course, which teaches technical,

survival and leadership skills for activities such as rafting, kayaking,

mountaineering, ice climbing and glacier travel

. Computer Skills: Microsoft Office, Yardi, Argus, SQL, MDS. Advanced Excel

skills.

. Interests: Skiing, Hiking, Ice climbing, Hang-gliding, Tennis, Travel

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