David Stern

David Stern Email and Phone Number

Principal @ TrustEquity LLC
David Stern's Location
Washington, District of Columbia, United States, United States
About David Stern

David Stern is a Principal at TrustEquity LLC.

David Stern's Current Company Details
TrustEquity LLC

Trustequity Llc

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Principal
David Stern Work Experience Details
  • Trustequity Llc
    Principal
    Trustequity Llc Jan 2022 - Present
    TrustEquity provides outsourced management of real estate equity syndications, enabling project sponsors to automate and streamline investor relations.Pairing extensive owner-side experience with a cloud-based platform, TrustEquity delivers a holistic solution for an investment’s entire lifecycle. Unlimited, on-demand advisory is combined with deployment and management of a secure, online portal. The investor portal provides easy access to contributions, waterfall distribution calculations, and project documents such as Operating Agreements, Project Updates, and K-1s. Services and pricing are structured to most closely align with sponsors’ financial interests and the specific nature of each investment.
  • Wework
    Vice President, Real Estate
    Wework Nov 2018 - Dec 2021
    New York, New York, United States
    Head of real estate for the Atlantic Region; responsible for a 4.8M sf portfolio of 66 locations located across ten major metro areas.- Led sourcing and underwriting for new locations, negotiation of business terms and leases, and served as primary point of contact with landlords.- Managed a team of deal managers, in-house counsel, financial analysts, and development staff. Worked directly with outside counsel on all transactions.- Directed the Atlantic region portfolio optimization project, which involved the exit and/or downsizing of more than 30 locations (out of 100). Successfully negotiated rent reductions in a significant number of retained locations.- Worked with design, construction, sales, and operations divisions to improve cross-functional collaboration on site identification, design, construction, opening, and member sales.
  • Cobalt Property Group
    Principal
    Cobalt Property Group Jan 2017 - Dec 2018
    Washington, Dc & Charleston, Sc
    Co-founder of a boutique investment and development company with property management and leasing subsidiaries.- Ground-leased a major downtown development site on Upper King Street. Managed design and entitlement efforts for a Class A, 140,000 sf office building.- Negotiated the acquisition of a 100-year old historic schoolhouse on Sullivan’s Island. Obtained approvals to subdivide the property, renovated the building and sold all four 2,500 sf, $2+ million condominium units.- Purchased, through an off-market opportunistic transaction, a four-building, $65.5 million portfolio of stabilized office properties located in downtown Charleston and close-in submarkets.
  • Icg Properties
    Principal
    Icg Properties Mar 2005 - Jan 2017
    Washington, Dc
    Responsible for overall strategy and implementation of development and investment objectives for a privately-held real estate company.- Directed a comprehensive repositioning of the firm’s portfolio, shifting emphasis away from smaller properties and towards institutional-quality investments in a series of transactions valued at more than $200 million.- Acquired and developed a significant downtown site into the trophy 900 16th Street office building. Set new Washington, DC records for both rent and sale price psf, and earned the Washington Business Journal’s 2016 “Best New Office Development” and 2017 Honoree for “Deal of the Year” awards.- Co-sponsored the acquisition and redevelopment of 1050 31st Street, a vacant office building in the heart of Georgetown, into the Capella Georgetown hotel. Following completion, this 49-room ultra-luxury property was sold and now serves as the Rosewood Washington, DC.
  • Karchem Properties Inc.
    Vice President
    Karchem Properties Inc. Dec 1999 - Mar 2005
    Washington, Dc
    Developed two high profile, award-winning office buildings in downtown Washington, DC, and provided real estate consulting and project management services to a wide variety of clients.- The Gallup Building at 901 F Street, NW: Historic renovation of a 130-year old Masonic Hall and integration into a new trophy office building. Preleased to The Gallup Organization and other high-profile government affairs tenants.- 1717 Rhode Island Avenue, NW: Ground lease with the Archdiocese of Washington for the redevelopment of historic rowhomes and construction of a new Class-A, 156,000 sf office building.- Consulting/project management clients included The Government of Sweden, Bell Atlantic/Verizon, National Association of Realtors, and Cellular Telecommunications and Internet Association.
  • Starwood Urban Investments, Llc
    Senior Associate, Acquisitions
    Starwood Urban Investments, Llc Jan 1998 - Dec 1999
    Washington, Dc
    Identified, underwrote, and acquired a significant portfolio of urban retail properties for a joint venture with Starwood Capital’s Opportunity Funds IV and V.- Closed on 18 separate, mostly off-market, transactions totaling more than $100 million in less than twelve months.- Managed a staff of two analysts and cultivated relationships with outside brokers to identify and evaluate on- and off-market acquisition opportunities throughout the Northeast.- Responsible for obtaining acquisition approvals from Starwood Capital’s investment committee and integration of acquisition efforts with in-house due diligence, development, and asset management teams.

David Stern Education Details

Frequently Asked Questions about David Stern

What company does David Stern work for?

David Stern works for Trustequity Llc

What is David Stern's role at the current company?

David Stern's current role is Principal.

What schools did David Stern attend?

David Stern attended University Of Maryland College Park.

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