Co-Founder And President
New York, Ny And Los Angeles, Ca
Joined Resource America, Inc. as an executive officer of the then public company (formerly NASDAQ: REXI) to monetize a legacy portfolio of CRE investments and founded Resource Real Estate to relaunch the company's CRE investment activities through a new diversified real estate principal platform.Commercial Debt:Established, staffed and ran national balance sheet lending and portfolio management platform that originated over $5 Billion of short-term floating rate commercial mortgages secured by all major property types;Formed Resource Capital Corp. (NYSE: RSO, now ACRES, ACR), a commercial mortgage REIT, sponsored and externally managed by Resource America;Served as RSO’s Head of Real Estate and presented in IPO, follow-on and non-deal road shows, and also represented company in investor and analyst meetings, at conferences and on quarterly earnings calls;As head of origination and credit, sourced and negotiated over $1.5 Billion of term credit facilities from six commercial banks, and managed capital markets, rating agency and buy-side relationships; and Led execution, marketing and management of five securitized term financing vehicles totaling over $2 Billion, including the first post-crisis CRE CLO in 2013, as well as two legacy managed CRE CDOs totaling $845 Million.Equity Funds and Capital Raising:Launched de novo national multifamily equity fund platform in a series of institutional and retail limited partnerships and non-traded REITs;Raised in excess of $1.5 Billion of equity and acquired over 20,000 units with a total capitalization of more than $4 Billion; andDesigned and implemented initial acquisition and financing strategies and portfolio/asset management and financial reporting procedures.
