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Commercial Real Estate Executive

Location:
Manhattan Beach, CA
Posted:
February 19, 2024

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Resume:

Andrew J. White

Los Angeles, CA 310-***-**** ad3q6b@r.postjobfree.com linkedin.com/in/andrewjwhite1 COMMERCIAL REAL ESTATE EXECUTIVE

ACQUISITIONS/DISPOSITIONS, ASSET MANAGEMENT, DEVELOPMENT Profitable execution of the acquisition/disposition, leasing/asset management/repositioning and development of Core/Core- Plus/Value-Added, and Opportunistic investments across all property types with primary experience in Industrial and Office. Determined the investment strategy for each asset through research-driven analysis and performance-driven execution/asset management. Experience includes institutional investors MetLife Real Estate Investors, ING Real Estate and a public Industrial REIT. Completed the acquisition/disposition and asset management of over $4.0 billion of investments including JV equity investments with operating partners. Asset management experience includes leasing, operations, budgeting, development, and capital improvements to drive investment returns. Strong interpersonal skills with brokers, direct reports, teams, and investors. CORE COMPETENCIES

• Acquisitions/Dispositions • Capital Markets • Investor Relations

• Asset Management/Repositioning • Leasing (Over 3,000,000 SF) • Tenant Relations

• Investment Strategy (Macro/Micro) • Financial Analysis/Underwriting • Team Mentoring/Mgmt. EDUCATION, PROFESSIONAL DESIGNATIONS AND AFFILIATIONS UNIVERSITY OF CALIFORNIA, IRVINE, CA, MBA with concentration in Finance/Real Estate. DREXEL UNIVERSITY, PHILADELPHIA, PA, BS in Mechanical Engineering. Certified Commercial Investment Member, CCIM® #5684, California Real Estate Broker License #01170593. NAIOP, National Investment Management Forum. Software Proficiency: ARGUS AE, Excel, Word, CoStar. PROFESSIONAL EXPERIENCE

PLATINUM CREST CAPITAL, Los Angeles, CA 2023 to Present Private equity real estate fund owner/operator specializing in the acquisition and asset management of value-added industrial and select live/work/play high amenity, well located suburban office property in metro areas across the Western U.S. Fund Manager

Directly source, underwrite, negotiate, complete due diligence, financing, closing, asset management, budgeting, leasing, investor reporting, value creation, and sale of potential investments. I directly manage third party property managers, construction managers, leasing agents, sale brokers, lenders, attorneys, and contractors. I also provide live on-stage and Zoom presentations to investors.

• Sourced over $100 million of new acquisitions in accordance with the Fund acquisition criteria.

• Worked with leasing, property management and construction teams to prepare annual budgets to achieve portfolio goals.

• Promoted the Company at CRE conferences and through my 15,000 LinkedIn followers/relationships.

• Completed Fund Pitch Deck, Website, PPM, LLC, Subscription Agreement, and Investor Presentations live and over Zoom. BKM CAPITAL PARTNERS, Los Angeles, CA 2022 to 2023 Multibillion-dollar vertically integrated real estate fund owner/operator specializing in the acquisition and asset management of value-added multi-tenant industrial business parks in metro areas across the Western U.S. (www.bkmcp.com) Director, Acquisitions

• Successfully completed the acquisition of 1.5 million SF of industrial property in Phoenix, Las Vegas, Portland, and Seattle.

• Completed Market Studies, Underwriting Analysis, DD, Broker Interface, Investment Committee Memos and Closing.

• Completed the transition of new acquisitions to Asset/Portfolio management based on the investment strategy.

• Interfaced with investors and JV Equity partners during the acquisition process to complete DD and achieve approval. GLADSTONE COMMERCIAL REIT, Los Angeles, CA and Washington, D.C. 2013 to 2020 National Industrial REIT, NASDAQ: GOOD (www.gladstonecommercial.com). Gladstone acquires and manages Core single tenant and anchored multi-tenant property with long term leases to credit tenants. Managing Director, Acquisitions and Asset Management Successfully completed all acquisitions/dispositions and strategic asset management for all property in the Western U.S.

• Successfully sourced, underwrote, and acquired investment opportunities in all MSA’s from Denver west.

• Sourced, underwrote, negotiated, closed, and successfully managed over 3.0 million SF in the Western U.S.

• Established and maintained relationships with key investment sale brokers and owners in target markets. Andrew J. White Resume

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• Prepared and presented Investment Committee memos for acquisitions/dispositions and asset management projects.

• Negotiated LOIs, Purchase and Sale contracts, completed due diligence, title, survey, third party reports and closing.

• Managed a team of two including an analyst and asset manager to complete acquisitions and portfolio asset management.

• Completed capital improvement projects to drive value including HVAC, parking, signage, roof, and interior upgrades.

• Received unsolicited offers for all assets in the portfolio representing a 2.0X equity multiple and a 17%+ IRR.

• All investments are 100% leased to credit tenants on long-term leases generating 12% cash on cash returns.

• Worked closely with leasing brokers, sale brokers and contractors to upgrade lobbies, common areas, parking, restrooms, and signage resulting in the sale of two vacant distressed industrial properties in suburban Boston generating a mid-teens IRR. MIG REAL ESTATE, Los Angeles, CA 2010 to 2013

Multi-billion-dollar owner/operator (www.migref.com). MIG is a family office that focuses on adding value through the implementation of a renovation and repositioning strategy to lease up vacancy, stabilize rollover and increase rents. Director, Acquisitions

Sourced, underwrote, negotiated, and closed Office and Industrial investments for MIG in the Western U.S.

• Completed acquisitions in Seattle, Austin, and the San Francisco Bay area.

• Worked with leasing brokers, property managers and contractors to determine the business plan for each new investment.

• Provided strategic asset management direction for the portfolio including repositioning, capital expenditures and leasing.

• Realized investments generated a 20%+ IRR and a 2.0X+ equity multiple. EQUUS CAPITAL PARTNERS, Los Angeles, CA and Philadelphia, PA 2006 to 2010 National private equity real estate fund with over $5.0 billion in AUM (www.equuspartners.com). EQUUS is a Value-Added owner/operator that uses targeted capital improvements to lease up vacancies, stabilize rollover and increase rents. Senior Vice President, Acquisitions and Asset Management Responsible for acquisitions, dispositions, asset management and investor relations for the Western regional portfolio.

• Sourced, underwrote, negotiated, closed and asset managed over 2.0 million SF of investments.

• Improved portfolio occupancy, reduced expenses, increased NOI and completed capital projects/repositioning under budget.

• Negotiated Purchase and Sale contracts, completed all due diligence including title, survey, third party reports and closing.

• Prepared and presented Investment Committee packages for acquisitions/dispositions and capital improvement projects.

• Completed a $10.0 M repositioning plan for a 600,000 SF mixed-use Office and Retail investment including a new restaurant, courtyard seating, conference center and fitness center, new lobbies, restrooms, elevator upgrades, new building and interior signage and improved parking resulting in a $100 million gain on sale.

• Presented portfolio results to LP Fund investors at the annual investor meeting and conducted tours of the regional portfolio.

• Negotiated loan terms and documents with lenders to finance acquisitions and refinance existing property.

• Worked with property managers, leasing brokers and contractors to develop budgets, marketing plans and capital investment plans to achieve strategic income, expense, and economic occupancy targets for each asset in the portfolio.

• Selected sale brokers, developed offering memorandums, negotiated sale contracts and closed sale transactions.

• Negotiated over 500,000 SF of LOI’s and leases with prospective tenants to achieve strategic leasing and income targets. ING REALTY PARTNERS, Los Angeles, CA and New York, NY 1998 to 2006 National private equity real estate fund with over $5.0 billion in AUM that makes Value-Added investments with JV partners. Senior Vice President - Asset Management and Acquisitions Responsible for the acquisition, disposition and asset management of JV equity investments located in the Western United States. Portfolio investments included Office, Industrial, Retail, Multifamily and Hotels.

• Worked with JV operating partners on the acquisition, development, and asset management of over $1.5 billion of investments.

• Created value through targeted capital expenditures and focused asset management based on market research.

• Negotiated leases, leasing, property management, construction and sale listing agreements, debt documents and PSAs.

• Completed multiple repositioning projects that included new lobbies, restrooms, elevator upgrades, signage, and parking.

• Negotiated over 750,000 SF of LOI’s and leases with prospective tenants to achieve strategic leasing and income targets.

• Negotiated franchise agreements and operating agreements with Starwood, Marriott and Destination Hotels & Resorts.

• Generated annual business plans, quarterly valuations, and investor reports.

• Actively monitored property and sub-market conditions and adjusted property strategies accordingly.

• Selected sale brokers, developed offering memorandums, negotiated sale contracts and closed sale transactions.

• Achieved average portfolio returns of 20%+ and a 2.3X equity multiple.

• Presented portfolio reports to LP fund investors at the annual investor meeting and conducted tours of the regional portfolio. METROPOLITAN LIFE INVESTMENT MANAGEMENT, Los Angeles, CA and New York, NY 1990 to 1998 Institutional commercial real estate investment manager with over $500 billion in AUM that focuses on large Core and Core-Plus investments in all property types.

ANDREW J. WHITE RESUME

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Director Acquisitions/Dispositions, (1996 – 1998)

Responsible for the sale and acquisition of equity real estate investments for Metropolitan’s portfolio in the Western United States.

• Successfully negotiated and closed over $1.5 billion in dispositions.

• Completed macroeconomic, submarket, property evaluations and obtained broker BOV’s to determine projected sale prices.

• Selected sale brokers negotiated listing agreements and managed the sale process including presale and buyer due diligence.

• Negotiated sale contracts with buyers to minimize representations, warranties, and sale price re-trades.

• Prepared Investment Committee presentations to recommend a sale or acquisition. Senior Asset Manager, (1990 – 1996)

Successfully managed a $1.0 billion Office, Industrial, Retail and Multifamily investment portfolio that included REO repositioning.

• Improved occupancy, reduced property operating expenses and completed targeted capital improvement to maximize value.

• Worked with counsel to stabilize non-performing loans through negotiated loan restructuring and foreclosure.

• Developed and implemented strategies to maximize NOI based on project specifics, market conditions and the competitive set.

• Reviewed, selected, and supervised property managers, leasing brokers, construction managers and contractors.

• Generated annual business plans, budgets, and quarterly valuations.



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