Andy Ayala Email & Phone Number

Bridgeville, Pennsylvania, US

• Responsible for creating & leading an Asset Management department responsible for the turn-around of a $500MM legacy portfolio of value add multi-family & student housing assets in Midwest, Southeast & South
• Sold 10 MF/SH assets, for a net return of 29.4%
• Created $17MM in value after completely changing a failing business plan for 3 student housing properties
• Changed management companies on 30 properties over 3 years, led negotiation on 10 loan workouts, modifications and extensions and managed over $15MM of capital projects
• Created an additional $32MM in incremental value in a legacy portfolio through improved management, value add and capital projects
• Provided underwriting, diligence, design & construction support on > $500MM in acquisition & development projects

• Lead deal team of 4 that has closed on 200 MF units, doubling growth of portfolio
• Developed and implemented acquisitions strategy to expand nationally
• Lead asset management org that has created over $31MM (139% increase) of value in 3 years
• Completed over $10MM of construction projects (value add workforce housing renovations), including the company’s first ground up development
• Led the reorganization & expansion of the management co. to be more institutional & scalable
• Implemented modern interior renovation package leading to increase in rent premiums by 82%

Design, Advisory and Investing

New York, NY, US

• Managed portfolio of conventional & affordable (HUD Section 8/236 and LIHTC) apartments (90 properties,14,000 units at its peak) in 11 states in the Midwest, South, Northeast and Southeastern US
• Led a team of 300+ people to manage operating performance of $120MM income business
• Core, responsibilities included developing operating budgets, financial reviews, training/development, hiring/firing decisions, establishing business plans and executing, performing acquisition due diligence, working.
• Managed portfolio through hyper growth,underwriting and taking over 55 properties and growing portfolio > 50% in 2 years
• Managed 1,600 units through $115MM of renovations delivering $30MM of incremental value
• Sold 16 properties, with an increase in value of over $80MM

Norwalk, CT, US

• Managed portfolio of office, retail, apartment & industrial assets (2.6MM sf, 1,285 units)
• Responsibilities included developing asset strategy, budgeting, managing operating performance, leasing, valuations, refinancing/restructuring third party debt, selling assets
• Approved 976M sf of leasing, collected $5.2MM of cash and sold $160MM of assets for $25MM of gains
• Enabled $54MM sale of lifestyle mall through mixed-use repositioning & ground lease purchase option
• Supported $48MM 3rd-party debt restructure through 4-way cross
• Created sustainability program for US Equity portfolio (32.9MM sf, 63,800 units) and led cross-functional team of four that identified $11MM & realized $3MM of incremental value through sustainability projects

Norwalk, CT, US

• Most senior member of team that has underwritten over $3.3 Bn of industrial real estate
• Responsibilities included maintaining broker relationships, originating deals, assessing markets, underwriting, deal analytics, developing investment committee presentations, due diligence
• Developed industrial construction strategy & cash flow model and have sourced & underwritten $180MM in land acquisition & development deals

Norwalk, CT, US

• Met with prospective partners, underwrote & structured green investment opportunities
• Developed M&A model, investment committee presentations and performed due diligence on two NNN REIT take-private transactions, totaling $5.1 Bn
• Part of team that performed due diligence on $3.8 Bn entity transaction (9.7MM sf, 3,000 units)
• Developed $2 Bn investment strategy for India P&L, presented to GE CEO Jeff Immelt
• Supported GERE India team in the approval of $35MM of mixed-use & fund equity investments
• Performed comprehensive market research & developed investment strategies for NY city office, Tokyo development and US industrial/logistics markets and presented to GERE senior leaders

Boston, MA, US

• Led teams of up to 10 people across multiple GE businesses at up to 15 sites across 4 countries to ensure the accuracy of GE’s financial statements and adherence to compliance guidelines
• Performed financial audits (incl. 4 acquisition/disposition) at 6 GE different businesses, in 3 countries
• Led audits that resulted in $50MM of gross audit adjustments & $2MM purchase price net cash back to GE

Boston, MA, US

• Led teams to design & develop intranet applications to support sales and finance operations
• Implemented first Java-based intranet platform for web applications and created first-of-its-kind intranet application for tracking base costs that drove $500k in benefits

East Cleveland, OH, US

• Redesigned manufacturing processes to improve efficiencies & reduce cost resulting in 11% machine efficiency & 6% variable cost improvements