Investment Professional

Robert Blumenthal

Philadelphia, PA – 610-***-**** - *********************@*****.***

Professional Experience

Larken Associates - Branchburg, NJ April 2018 - March 2020 Vice President of Acquisitions

Recruited to grow a regional portfolio consisting of 3,000,000 sq. ft commercial real estate & 2,500 apartments. Collaborated directly with CEO to develop acquisition strategies based on asset class aligned with overall portfolio objectives. Implemented a robust due diligence process, streamlining acquisitions.

• Sourced & Executed over $200 Million of acquisitions- acquired over 1,000 Class B&C Multi-Family apartments & 500,000+ square feet of retail/office.

• Developed & Implemented a value-add acquisition model focusing on repositioning underperforming assets via a systematic unit renovation program & streamlining operational expenses.

• Managed a team of 15 individuals, facilitated weekly meetings during due diligence and property on-board process.

• Grew Net Operating Income of newly acquired more than 15% year-over-year.

• Sourced & Negotiated sale lease-back acquisition with fortune 500 triple-net tenant yielding a 9% cap rate cost basis

& 22% annualized cash on cash returns with upside potential to develop a 10-story multi-family apartment tower over existing structure.

• Syndicated transactions & developed complex partnership structures with multi-tier waterfalls.

• Restructured outstanding debt obligations, securing a $200M credit facility.

• Negotiated a real estate tax abatement for a mixed-use development that represented a savings of $2M

• Managed capital teams oversaw unit renovations which yielded an average 20%-30% annual return on cost.

• Member of executive development team; worked directly with real estate attorneys & third-party site & land use professionals to secure entitlements for 1,500 new apartments in 4 different jurisdictions. Hillbrook Properties – Glenside, PA March 2015 – February 2018 Director of Acquisitions & Asset Management

Recruited to grow & asset manage a portfolio of Class B multi-family apartments in Southeastern Pennsylvania.

• Grew a portfolio of 400 Class B garden apartments by 30% & maintained an average occupancy of 96% across the portfolio.

• Managed the acquisition & disposition of a 185-unit Class-B garden apartment development which yielded a 25% IRR & 2.4x equity multiple over a 3-year investment period.

• Oversaw all property/asset management- Responsible for a team of 6 leasing agents and 8 maintenance technicians

• Negotiated all third-party contracts and implemented a green renovation program which yielded a 15% reduction in operating expenses.

Blu Flame Capital Inc. - Haverford, PA January 2013 - February 2015 Managing Partner

Managing partner of a family-office focused on high growth private equity and debt investments in the small cap market space- with a focus in distressed opportunities, buyouts, and recapitalization.

• Direct investment and corporate advisory into an underperforming multimedia company with over 15 subsidiary companies.

• Lead initiative to restructure corporate balance sheet reducing long term debt and divested of underperforming assets, delivering multi-million reduction of debt obligations.

• Installed a new management team and capitalized a new growth strategy which yielded a 35% compounded annual growth of free cash flow.

• Structured capital stacks and negotiated General/Limited Partnership agreements.

• Sourced, Acquired, and managed a portfolio of 15 growth investments with a realized 45% IRR upon sale to private equity firm.

Franchise America Finance - Conshohocken, PA June 2010 - December 2012 Vice President of Lending and Business Development Leading small cap and middle market lender focused in the franchise sector with a portfolio of loans totaling over $100M.

• Executed all major types of Mergers & Acquisitions and financing transactions in the franchise sector.

• Led business development team structuring financing partnerships with over 30 major national franchise companies.

• Developed debt models based on average unit-level economics on a brand-specific basis.

• Originated and guided the deployment of over $30,000,000/annually of SBA loans.

• Managed a team of 10 underwriters

• Participated in the sourcing and sale of the firm’s portfolio to an institutional lender. Education

Northeastern University - Boston, MA May 2010

Bachelor of Science in Economics

Honors & Community Development

Young Friend of Abramson Cancer Center Board Member 2015 - Present Actively serve and participate in the fundraising efforts for U. Penn. Abramson Cancer Center. Licensed Pennsylvania Real Estate Sales Agent April 2018 - Present Chestnut Street Ventures

Investment advisory committee member of small cap Venture Capital Fund. January 2016 - December 2018 Young Presidents Organization Junior Forum January 2011 - May 2014 Served as Forum moderator for the Philadelphia chapter of the “junior” YPO.

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