Economic Resources Corporation (ERC) is a California nonprofit corporation whose mission is to promote economic development and job creation in underserved neighborhoods through a multi-disciplined program of small business support and targeted real estate investments. We are actively seeking investment and development opportunities in underserved areas of Los Angeles County and Southern California, as well as capital and operating partners.

Provide asset management services on assigned distressed assets to analyze, assess, develop and implement strategies. • Manage 22 property portfolio of retail, industrial and residential properties. Key issues include:• Strategic default on infill retail asset with vacancy issues. Negotiate workout with Special Servicer while implementing leasing strategy to provide sufficient cash flow to service eventual revised loan terms.• Work with leasing team to re-tenant neighborhood center… Show more Provide asset management services on assigned distressed assets to analyze, assess, develop and implement strategies. • Manage 22 property portfolio of retail, industrial and residential properties. Key issues include:• Strategic default on infill retail asset with vacancy issues. Negotiate workout with Special Servicer while implementing leasing strategy to provide sufficient cash flow to service eventual revised loan terms.• Work with leasing team to re-tenant neighborhood center in Hispanic neighborhood to prepare for sale.• Negotiate buyout of Participation Agreement with local municipality for community retail center developed through the local Redevelopment Agency.• Establish benchmark leasing goals & rates to ensure ability to refinance two cross collateralized assets.• Manage cash flow for three assets and approve funding of selected payables on a bi-weekly basis.• Evaluate leasing strategies for several assets and conduct hold/sell analyses to determine and recommend future strategy.• Managed operating and capital budgeting process for a 60 property portfolio consisting of 4.2 million square feet of commercial space and 1,600 units of residential. Show less

JAC Advisors is a commercial real estate advisory group that provides real estate Owners, Lenders and Service Providers with strategies and solutions designed to maximize enterprise/asset value, optimize operational and asset performance, and increase market share.Establish investment and asset management strategies based on personal market knowledge and financial and market analytics for commercial real estate opportunities. Selected recent accomplishments as follows:• Designed… Show more JAC Advisors is a commercial real estate advisory group that provides real estate Owners, Lenders and Service Providers with strategies and solutions designed to maximize enterprise/asset value, optimize operational and asset performance, and increase market share.Establish investment and asset management strategies based on personal market knowledge and financial and market analytics for commercial real estate opportunities. Selected recent accomplishments as follows:• Designed valuation model and advised on bidding strategy for a 775,000 square foot institutional grade Class A retail asset currently subject to bankruptcy proceedings for strategic partnership between a small Texas investment company and large institutional investor.• Managed operating and capital budgeting process for a 60 property portfolio consisting of retail, office and multi-family assets owned by a privately held real estate operating company based in Santa Monica, California. • Developed investment short sale acquisition strategy for private investor in pursuit of a financially distressed, newly developed 94,000 square foot grocery anchored shopping center in the Inland Empire region of Southern California. After securing Seller interest, advised client to pass on the opportunity due to unreasonable Seller demands on price and terms in the purchase & sale agreement.• Evaluated strategic investment scenarios for a high net-worth investor for two retail properties totaling 250,000 square feet in Phoenix, AZ being sold by a REIT. Based upon analysis and recommendations, the client decided to pass on the investment due to unsatisfactory return levels. Show less

Directed strategy, investment, fund raising, property acquisitions, institutional advisory and market research activities for the company, while managing a staff of four, and reporting directly to the Chairman. Selected accomplishments as follows:• Utilized personally developed relationships and contacts to source institutional equity capital leading to a $250 million joint venture with major pension fund advisory firm. Saved the company over $2.0 million dollars in brokerage/advisory fees… Show more Directed strategy, investment, fund raising, property acquisitions, institutional advisory and market research activities for the company, while managing a staff of four, and reporting directly to the Chairman. Selected accomplishments as follows:• Utilized personally developed relationships and contacts to source institutional equity capital leading to a $250 million joint venture with major pension fund advisory firm. Saved the company over $2.0 million dollars in brokerage/advisory fees by directly sourcing the venture.• Developed strategy and led team for West Coast portfolio expansion acquiring approximately $120 million worth of value add & stabilized retail and office assets including the company’s west coast headquarters.• Led team to research and analyze five potential new markets for company expansion and was part of senior management team that selected San Diego as the new market in which to begin expansion. • Presented over $1.5 billion of investment opportunities to senior management and JV Partners for approval. Show less

Managed properties and portfolios of direct equity and mortgage investments in commercial real estate across entire United States. Oversaw five asset managers and their respective third party property management and leasing staff. Responsible for valuation, analysis and recommending courses of action to senior management. Selected accomplishments are as follows:• Managed all aspects (cash, value, operations, leasing, capital expenditures) for a portfolio of commercial real estate… Show more Managed properties and portfolios of direct equity and mortgage investments in commercial real estate across entire United States. Oversaw five asset managers and their respective third party property management and leasing staff. Responsible for valuation, analysis and recommending courses of action to senior management. Selected accomplishments are as follows:• Managed all aspects (cash, value, operations, leasing, capital expenditures) for a portfolio of commercial real estate investments with a combined value exceeding $600 million and approximately 3.0 million square feet of GLA, including a privately placed real estate investment trust (REIT), and direct joint venture whose investors were Japanese financial institutions. • Valued and rated risk for $1.0 billion of existing mortgage investments proactively determining default risk and strategy to identify loans for refinance, workout, and foreclosure, including: Refinances for $95.3 million of maturing loans; Workouts for $156 million of distressed loans; and, Foreclosure on $45 million of defaulted loans.• Created method to compare different properties in different markets regardless of property type on a risk adjusted basis while conducting forecasting, scenario, & sensitivity analyses to create strategies for $12 billion real estate portfolio. Work helped to target over $2 billion of assets for sale. • One of only two employees selected by senior management out of a department of over 300 people to instruct former New England Life personnel on MetLife policies and procedures regarding real estate loan portfolio management and workouts following MetLife’s acquisition of New England Life. Show less