Cyrus Castillo Email & Phone Number

Santa Monica, California, United States

Los Angeles, California, United States

Responsible for financial analysis and underwriting of mixed-use development investments. Manage project budgeting and forecasting from concept design through completion. Cross collaborate with development, construction, design, and leasing teams. Evaluate and present financial reporting deliverables for senior executives and joint venture partners.• Built financial model for Promenade 2035, a multi-phase 34-acre mixed-use development, including multi-family, retail, office, hospitality, and entertainment totaling $1.5 Billion.• Analyze and recommend development, acquisition, and disposition investment opportunities based on NPV, IRR, ROI, Yield-on-Cost, and residual land valuation to senior executives.• Prepared annual capital and NOI budgets for assets under development; re-forecasted monthly.• Manage, coach, and train contractors, new hires, and rotational analysts during URW’s 5 Year Business Plan process.

Produced 5-year Budget Plans, Active Project Reports, and Operating Statistics Reports used in public filings. • Oversaw and managed project finances for a $25 Million JV renovation project from concept to completion.• Analyzed property and portfolio income statements to identify material variances between budget and forecast.• Identified and reconciled logic errors in E1 accounting software.• Produced and analyzed IRR and Discounted Cash Flow scenarios for potential center dispositions and joint ventures.• Created and reviewed JV Partnership equity draws.

Los Angeles, California, United States

Oversaw all financial aspects of West Coast development projects including San Francisco redevelopment and ground lease, Galleria Roseville refresh, and Santa Anita Laneway (Westfield Project of the Year).• Created proforma models for development projects up to $200 Million.• Forecasted and presented financial results of active projects to Senior Management.• Developed ad hoc financial analysis models: Various P&L analysis, tenant expiry profiles, uptick models, occupancy cost comparison, net effective rent analysis, valuation models.• Collaborated with Leasing,Center Management, and Operations to determine future market rents and common area maintenance costs.• Prepared monthly JV Partnership draw requests and other monthly financial reports.

Reviewed and processed invoices, provided accruals, and proposed journal entries for month end reporting. Maintained vendor database, reconciled bank statements, and helped facilitate audit compliance.• Transitioned manual AP entries to Nexus Payables.• Coordinated with Finance & Accounting Directors to prepare expense reports, checks, and invoices.

West Los Angeles, Ca

• Tracked and analyzed over $50 Million in Capex and Tenant Improvement projects to ensure targets were met.• Analyzed data for energy, gas, sewer and water expenses for over 200 properties from the Advantage IQ website.