Thomas Scheers

Redondo Beach, CA *****

310-***-**** & ad45hl@r.postjobfree.com

Real Estate Chief Financial Officer

Finance, Accounting and Analysis

A highly accomplished financial executive with expertise in all facets of commercial real estate, debt, and equity capital markets, including financial valuation, acquisitions, analysis, accounting, and strategic planning.Significant experience structuring joint venture deals with both Institutional and Private Party transactions, 1031 exchange Tenancy In Common (TIC) syndications and private party syndications. Solid knowledge of Publicly Traded Debt and Equity Markets financing transactions having served as an Executive Officer of both a start-up public REIT (Price REIT) and an established S&P 500 REIT (HCP, Inc.) Considerable experience with non-recourse mortgage financing, secured and unsecured lines of credit, Fannie Mae and Freddie Mac loans as well as debt covenant compliance.

Education

UNIVERSITY OF SOUTHERN CALIFORNIA, MARSHALL SCHOOL OF BUSINESS, Los Angeles, CA, M.B.A., 2001.

INDIANA UNIVERSITY OF PENNSYLVANIA, Indiana, PA, B.S. Finance/Accounting, 1983.

Work Experience

Almar Management, Inc., Torrance, CA 2010 to Present

Large scale real estate and marina property management specializing in slip rental pricing strategy, day to day management of real estate and marinas, maintaining relationships with port authorities, and membership branding featuring reciprocal use privileges.

Chief Financial Officer

Responsible for the administrative, financial, and risk management operations of the company. Development of financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Selected accomplishments as follows;

Managed the transaction of the sale of the business from a family trust to a group of private investors.

Renegotiated numerous business relationships to maximize cost savings, resulting in over $110,000 in annual savings.

Eliminated redundant services and restructured corporate headquarters staffing and duties to increase efficiency and reduce costsby $100,000 per year.

Procured, designed and implemented a state of the art cloud computing system for all remote locations utilizing custom property management software specific to the marina business.

HCP, Inc., Long Beach, CA (Now Healthpeak Properties, Inc., Irvine, CA) 2007 to 2009

Publicly traded S&P 500 REIT specializing in health care related realty and investment.

Vice President – Financial Planning and Analysis

Responsible for forecasting and analysis for health care related realty investments. Design and implementation of annual corporate consolidated forecasting process; updates to annual and quarterly operating plan and guidance for quarterly earnings releases and conference calls. Selected accomplishments as follows;

Specifically hired for project-focus on the integration of assets and property acquired through two 2007 mergers. Assets acquired from the mergers totaled $3.1B and $4.1B respectively.

Designed and implemented currently used MRI software budgeting system for quarterly forecasting.

Served as Investment Committee Coordinator to insure compliance with company policies for asset acquisition and disposition activities.

Raised approximately $3B in public bond debt and secondary offerings to fund ongoing acquisition and better evenly space future bond maturities. Most of the funds were equity raise to lower debt to equity ratio from 50% to target of 33%.

TJS Advisory, Los Angeles, CA 1998 to 2007

Real estate advisory providing financial (interim CFO) and accounting solutions to numerous real estate owner/manager firms.

Managing Principal

Selected short-term assignments are as follows;

Prepared pro-forma analysis and lease abstract summaries for shopping center, office and industrial for use in brokerage marketing brochures for numerous high level brokers at both large national and boutique brokerage firms.

Served as an interim CFO for a Los Angeles based shopping center owner, manager and developer and performed the following; reorganized staffing, trained new staff on industry best practices in both property management and construction accounting and administration. Assisted in the due diligence to close two troubled open transactions that involved good faith deposits that went hard.

Served an interim CFO for a Santa Monica based diversified property owner / manager. Performed forensic accounting services for questionable accounting and management practices. Helped to liquidate property assets to raise capital. Assisted in closing a complex reverse1031 exchange transaction.

Resume of Thomas Scheers

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Selected long-term interim CFO assignments are as follows;

Argus Realty Investors, San Clemente, CA (TIC syndication and real estate fund sponsor), 2005-2006

Closed$1B in TIC syndications all financed with 70-80% LTV conduit debt specifically designed for fractional TIC owners.

Defeased 3 conduit loans for early sale of TIC Syndications all of which produced 20-60% annual IRR returns.

Established, designed, staffed and implemented internal controls for the headquarters accounting and finance department that was transitioned from the principal investor’s real estate organization. Oversaw all tax preparation and tax planning matters. Oversaw all financial activity for the closing of, on average, 2 deals per month.

Cultivated, negotiated and established $10M line of credit with banking relationship to bridge syndication gap equity requirements and working capital needs.

Administered and placed capital raised from an $18.2M private note program.

Procured, designed and implemented a state-of-the art web-based accounting and enterprise software and database system.

Triyar Companies, LLC Los Angeles, CA, (Privately owned diversified real estate company.), 2003-2004

Upgraded Yardi software system leading to an overall company efficiency increase of 19%.

Researched and reorganized all tax files in order to reverse previously miscalculated balance sheet items and reconciled all partnership tax basis to tax returns filed.

Refinanced enclosed regional mall for $50M with specialized loan from hard money lender.

Several office and retail assets refinanced with conduit debt amounting to $100M.

Domino Realty, Beverly Hills, CA (diversified property portfolio owner/manager), 2001-2002

Successfully installed Navision software for the trading company to accurately track sales and purchases that increased transparency and led to accurate cash flow forecasting

Led all real estate acquisitions, due diligence, financials, and closings.

Worked on refinancing $125M participating note with TIAA CREF.

Sourced and negotiated a $10M conduit loan on single tenant retail asset acquired.

Analyzed numerous loans with yield maintenance prepayment penalties for refinancing.

Price REIT/Kornwasser& Friedman, Los Angeles, CA 1987 to 1998

$1B publicly traded REIT specializing in shopping center properties.

Vice President, Financial Operations 1996 - 1998

Oversee financial due diligence for all property acquisitions and dispositions. Complete responsibility for all consolidated corporate financial statements; Oversight of preparation, review and final approval of all company Security and Exchange Commission filings.

IPO, Secondary Offerings and Debt Offerings of $800M 50/50 debt/equity.

Refinanced 2 office buildings amounting to $20M.

Sourced and negotiated a construction loan for a retail center amounting to $35M.

Established financial due diligence standards for all ongoing property acquisition and dispositions. Was instrumental in reducing acquisition closing times making the company an attractive purchaser of large shopping center assets.

Handled the closing of the company sale transaction to Kimco Realty for $1B in June 1998.

Corporate Controller, 1991 - 1996

Led all corporate financial duties and facilitated partnership between Price REIT and Kornwasser& Friedman.Participation in planning and implementation of strategic corporate plans with Executive Officers and Board of Directors.

Converted cash basis partnership accounting of a private company to consolidated accrual based GAAP accounting for a public company upon the $150M IPO of Price REIT.

Established SEC reporting for a NYSE public company and oversaw all reporting function for quarterly and annual 10Q and 10K filing, 8K fillings that resulted from rapid growth as well as prospectus supplements for numerous secondary and debt offerings that funded our ongoing acquisitions.

Assistant Controller, 1987 - 1991

Assisted Controller. Led underwriting, performed financial analysis and due diligence on potential real estate investments.

Revamped triple net billing system and designed transparent audit system for disputed tenant billings that resulted in prompt resolution and collection.

Coordinated all construction accounting and implemented funding procedures for large scale joint venture construction of multi phased shopping centers.

The Linpro Company, Los Angeles, CA 1985 to 1987

Top 20 national real estate development and management firm.

Accountant

Financial analysis and due diligence for potential investments. Participate in planning, investment, budget and tax reporting activities.

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