James Rust serves as a Portfolio Manager for Mill Creek. In this role, he is responsible for the day-to-day management of select portfolios, including investor communications, project/portfolio underwriting and analysis, internal and external reporting, market research, and engaging with various internal and external parties to execute strategy and maximize portfolio performance.

Made recommendations to ownership regarding selling vs. holding/renovate decisions.Oversaw financial analysis of new developments and valuation of existing portfolio.Executed all capital markets transactions, from multifamily property and land sales to complex loan portfolio substitutions.Led turnaround of historically-troubled student housing property and executed disposition, resulting in a 17% levered-IRR to investors after years of sub-performance.Successfully completed two Freddie Mac financings (over $100MM in combined principal balance) in March and April 2020 during COVID shutdown.Working with property management, implemented over $400k of annual expense savings (33%) on legacy-owned hotel.Developed lease-up program and worked with marketing director and regional supervisor to oversee lease-up of new development.

Multifamily advisory for pension fund clientsOversaw $1.5B portfolio of institutional investments consisting of high-rise, mid-rise and garden assets and development projects across the country

Asset management of land and class A, B and C value-add multifamily investments in 8 markets across the countryOversaw business plans for 20 assets, from implementation through execution, including renovation design, construction and financial performanceSuccessfullay led transactions on approximately $100MM in sales, including REIT transactions. Positioned another $310MM for sale that successfully sold just after leaving

Associate in multifamily finance group at global headquarters Regular interfacing and presenting to top executives in company Maintain financial model integrity across all field officesReview capital markets proposals (both debt and equity) and evaluate qualitative and quantitative effects on returns and deal structureProvide ad-hoc financial analysis on acquisitions and developmentsReview and provide insight on underwriting to Associates and Analysts in field offices

Lead analyst on $300MM of transactions. Types of transactions included : debt purchases, mezzanine debt placement, preferred equity placement, development and fee-simple acquisitionsLed grocery lease negotiation as well as disposition in complex situationsCreated GIS-based interface to identify land and multifamily acquisition opportunitiesRegular presentations to C-level executives, both internal and externalExtensive financial modeling of multifamily, land and student housing properiesRegular communication with brokers and lenders on market and capital market conditions

Reviewed and underwrote loans from failed banks. Performed various analyses on Commercial Real Estate Properties as well.

Taught both advanced and regular level classes to students in grades 9 through 12. Students averaged 16 points higher than district average on first standardized Spanish tests given in district history. Led exchange trip to Germany in June 2006. Taught English courses at Deitrich Bonhoeffer Gymnasium.