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Summer Associate Real Estate

Location:
New York, NY
Posted:
February 23, 2023

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Resume:

HOWARD FRIEDMAN

917-***-**** / advi0x@r.postjobfree.com

https://www.linkedin.com/in/howiefriedman/

EXPERIENCE

CITIGROUP U.S. PENSION INVESTMENTS, New York, NY 2013 – present Senior Vice President / Investment Officer, Head of Global Real Estate & Infrastructure Investments

• Portfolio Manager for $650+MM of global private and public real estate, infrastructure and private credit investments across over 50+ managers. Responsible for new investment recommendations, underwriting and asset management. Member of limited partner advisory committees for various private funds.

• Delivered alpha over all relevant periods via targeted manager selection and opportunistically-timed trades within the securities book.

• Perform research, analysis and operational due diligence on investment candidates. Present recommendations to investment committee, negotiate legal documentation and prepare closing materials.

• Oversee portfolio asset management. Responsible for monthly and quarterly reporting to senior management on investment performance, projected deployment runways and market updates.

• Responsible for establishment of new infrastructure asset class and benchmarking program. Developed investment runway and implementation model using a combination of private and public strategies. EMIGRANT REALTY FINANCE (SUBSIDIARY OF EMIGRANT BANK), New York, NY 2005 – 2013 Commercial Real Estate Group, Vice President

• Responsible for loan origination, deal underwriting, structuring, due diligence and asset management for

$2 BB in committed capital in $40 BB of transactions across the U.S. Experience across real estate asset classes (office, condominium, multi-family, hospitality, retail, industrial, mixed-use and others), REIT and REOC corporate debt, and various private equity fund financing structures. Experience financing senior and subordinate debt investments on both a recourse and non-recourse basis.

• Considerable experience in loan restructuring, workouts and bankruptcy analysis for asset-level and corporate facilities, with particular attention to multi-creditor turnaround situations. CMCA INVESTMENT BANK LLC, New York, NY Summer 2004 Financial Advisory Team, Summer Associate

Prepared and delivered client pitches. Built financial models and developed valuations for investors and M&A clients. Compiled and edited descriptive memoranda for private equity and M&A offerings. GOLDMAN, SACHS & CO., INC., New York, NY 1998 – 2002 Led design and development of analysis tools shared between multiple private client and research portals. Developed financial management and advisory website for high net worth clients, managed unified interface across 500-member programming team, designed and built architecture for distribution of client research. EDUCATION

COLUMBIA BUSINESS SCHOOL, New York, NY 2003 – 2005 MBA, Dual-Concentration in Finance and Real Estate. Co-President of Real Estate Association. Relevant coursework in U.S. and Int’l Real Estate Finance, Real Estate Capital Markets, Real Estate Transactions Law, Advanced Corporate Finance, Debt Markets, Value Investing and Turnarounds & Restructuring. YALE UNIVERSITY, New Haven, CT 1994 – 1998

B.S. in Computer Science. Chair and officer of 5th, 10th and 15th reunions, Alumni Fund Board of Directors, Senior Class Council, College Captain, Alumni Schools Committee and Assembly Delegate. OTHER ACTIVITIES

22576 OWNERS CORP, New York, NY 2000 – 2011

Co-op Board President and Treasurer for Manhattan apartment building. Returned ailing finances to fiscal health by restructuring budget. Managed large exterior renovation project development and financing. Additional

Advisory Board member of IREI Real Assets Adviser, member NYPEN, Y-AREA. Proficient in Microsoft Excel, Word, PowerPoint, Argus, Burgiss Private I and various software programming languages. Conversational in Spanish.



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