Christopher Forero Email & Phone Number

Greater New York City Area

Works with institutional investors, lenders, equity stakeholders and creditor committees to formulate and execute strategies that monetize under-performing real estate investmentsAdvisory to High Net Worth family owning $2+ billion (4.2 million SF) of Class B office, retail and other mixed-use assets in NY and CT. Dispositions, valuation analyses, increased communications with operating partners, quarterly reporting, partnership restructuring and strategy to maximize value and understanding rightsManaged the sale of a $101 million New York City office building. 180+ lease review, due diligence, property tours, buyer relationships, contract review, produced all estoppels and collected from tenants and answered their questions, post closing income/expense tracking and partnership distributionsManaged the sale of a $137.5 million New York City office building owned by a joint venture of multiple families. Post closing, the JV remained in the deal - tracked and managed their investment account (transfer tax appeal, payment of invoices, distributions, entity dissolution)Wrote monthly financial/operating reports for institutional owner of a distressed multifamily propertyPublished article in “Real Estate Finance & Investment” regarding trends in Vacation OwnershipAdvisory for a major casino/resort company to potentially develop a vacation ownership property - Cost/Return analyses and extensive market researchAnalyzed sources of revenue and demand drivers in connection with expert testimony for a hotel dispute between ownership and managementDevelopment advisory for office development in Chengdu, China: Market research, property inspections, financial analyses (for-sale development model)Valuation analyses for various office, hotel and multifamily deals for potential acquisition

New York And Florida

Provide real estate consulting services to institutional real estate investors, developers and entrepreneursPerform valuation analyses of distressed loans (land, residential, commercial) from the acquisition of a $3.2 billion loan portfolio which included 32 failed banks from the FDICEstablish business plans for loans based on borrowers’ financial status, collateral and other issuesInitiate contact with borrowers to begin loan discussions (DPO, deficiency, loan modification)Control the cash disbursement / draw process for a luxury resort development in Puerto RicoForecast cash flows of various development phases to assess timing of expenditures and capital needs for hotel and condo developmentTour properties for out-of-state investors to aid in underwriting of commercial property

Sourced potential development deals where NBF would participate as an equity investor in Florida, North Carolina and GeorgiaCreated complex financial models analyzing various strategies for condominium developments still under constructionWrote investment committee memoranda with detailed market and financial analysis for investment in potential apartment development deals and fractured condominium developmentsWorked with development partners to establish budgets and cash flow needs for pre-development and post development stagesCoordinated with senior executives and other internal teams in Boston on a weekly / quarterly basis with the status of new deals and deals under constructionInteracted with various third party groups to understand various accounting, tax, legal, and financial impact for various development deals

Financed multifamily developments via land and construction loan, mezzanine, customer deposits and private equity financingCreated complex financial models analyzing returns for LPs and GP based on different capitalization structures and profit distributions for new and current projectsForecasted cash flows and pro forma budgets with development teams for apartment and condo projectsCoordinated with internal management team, attorneys, lenders, appraisers and consultants to complete due diligence for land, construction loan closings and dispositionsBuilt regional corporate model analyzing cash flows from new deals by a regional developer/partnerSourced potential financings and land acquisitions through discussions with brokers and/or financial institutions

Underwrote potential shopping center acquisitions for the REIT, JP Morgan JV or AEW JVCoordinated with deal teams to complete due diligence for new acquisitionsAnalyzed discounted cash flow models of properties to calculate IRR and other return metricsSourced potential acquisitions through discussions with brokers and/or owners of retail property

Greater New York City Area

Analyzed corporate strategy and performed valuation analysesWorked closely with senior management at New Plan Excel Realty Trust to build and maintain the corporate model used for analyzing various capital markets and M&A transactionsClosed on two portfolio acquisitions, equity raise and bond offering for New Plan ExcelFinancial modeling – merger, NAV, DCF, JV, comparable company and precedent transaction analysesPerformed pro forma portfolio analyses illustrating potential synergies of a merger or acquisitionSelected to mentor a summer analyst and to train full-time analysts

Bba, Finance

Bachelor Of Business Administration (Bba), Finance, General

Activities and Societies: BBA Council - Vice President, Finance Club President, Investment Club Officer, Beta Alpha Psi Member, Career.