Chief Investment Officer, Managing Principal
Big Rock Partners (Formerly A Jv With Db Zwirn / Fortress)
Managed all functions for real estate private equity funds with assets totaling $800 million including investment analysis, asset management and workouts, financing, leasing, development management and dispositions. • Reviewed all investments as one of three members in the Investment Committee for acquisitions of office, retail, hotels, condominium sites, multi-family residential, assisted living, and land subdivisions.• Helped grow and manage the company from the original four founders to a team of 16 professionals in three offices.• Negotiated and structured deal terms with equity and operating partners for acquisitions and developments for all property types.• Explored the development of upscale, urban Seniors Housing including assisted living, memory-care and independent living in infill locations.• Invested in a platform of 17 assisted living communities. Performed sale-leasebacks with HCP and Ventas. Sold the communities for a 63% IRR.• Explored the opportunity to form a hybrid Real Estate Investment Trust / Special-Purpose Acquisition Company. Filed an S-11 registration document with the Securities Exchange Commission.• Oversaw day-to-day development of an $85 million condominium project including entitlements, subdivision, financing, design, construction, and sales and marketing.• Restructured an entire portfolio of assets after separating from a hedge fund partner and executed recapitalizations while exploring bankruptcy scenarios.• Led a team of architects, engineers, and contractors to renovate an 82,000 square foot office building. Won BOMA’s “The Outstanding Building of the Year” award.• Acquired non-performing loans and evaluated discounted payoffs and foreclosures.