Joel Hammer Email & Phone Number

New York

Responsibilities include Finance, Accounting, Investor Relations, Operations and Human Resources for this emerging real estate investment owner, developer and manager, Fund sponsor and property manager.• Intimately involved with launch of Company’s sponsored fund program. Developed tax efficient structure for foreign and domestic investors. Significant interaction with potential and existing investors. Oversee capital calls in addition to all fund and investor reporting. • Negotiated fund acquisition facilities and working capital facilities. Monitor cash flow projections and manage efficient utilization of cash balances.• Improved investor relations by developing “investor first” mentality. Developed customized reporting to address specific investor requirements. Established year end and quarterly timetables to ensure the timely delivery of investor reporting, including quarterly and year end tax reporting.• Managed to conversion of the accounting records from cash basis to GAAP ensuing appropriate industry standards were implemented.• Hands on training and development of staff resulting in improved accounting and industry focused information reporting in addition to improved processes and timely and accurate reporting.

New York

Adjunct University Professor

Expertise in developing and implementing strategy across finance-related functions, including accounting, capital and debt markets, treasury, taxation, talent development, process improvement, systems, and financial reporting. Global experience with demonstrated success.Reporting - internal, Board, SEC, investor and third party Strategic planning, budgeting and forecastingTreasury, cash management, debt and capital raiseTaxation - structuring for investments and investors, tax planning and compliance Risk management, internal controls and Sarbanes OxleyTalent acquisition, development and retention strategiesDevelopment of efficient accounting processes and technology solutionsTransactions, due diligence, mergers and acquisitionsOperational integration, restructuring and implementation strategiesRevenue enhancement, bottom-line improvement programs Speaker at industry events, conferences, seminars and as a guest lecturer

Greater New York City Area

Fully integrated, self-administered and self-managed, SEC registered, non-listed real estate investment trust (REIT) engaged in the acquisition, redevelopment, ownership, and management of commercial real estate in the tri state New York area. Leadership of the Finance, Accounting, Technology, Investor Relations and Human Resource functions. Accomplishments include staff development, systems enhancements, SEC reporting overhaul, development of Board and management reporting and capital and debt market activity.

New York

Privately held family group that includes a diversified acquisition, development and management focused real estate organization, media operations and a private equity company.Managed the Finance, Accounting, Technology and Human Resource functions for the entire group. Responsibility for tax and accounting structuring of all transactions (e.g. acquisitions and asset dispositions) as well as the operational aspects (technology, banking, staffing).• Developed integration strategy for acquisition of real estate management companies responsible for over $1 billion of real estate; recommendations for integrating IT, HR, staff, and cash management were implemented on time and within budget.• Developed plan to improve accounting function scalability and productivity. Result—cost efficient capability to grow managed assets.

Managed the Finance and Accounting functions, on behalf of AIG and GRE's Fund investors, with over $25 billion of assets under management. Oversaw regional offices, strategic platforms and joint ventures in North America, Europe and Asia. Managed team of 100+ global staff. Key signoff authority on all major initiatives. • Built AIG’s global real estate finance team and platform from scratch, enabling the expansion of AUM from $500 million to $25 billion.• Developed country-by-country expertise and global best practices that enabled efficient cash utilization and hundreds of millions in savings on foreign tax expenditures. • Led financial management of development projects as large as $1.5 billion.• Led global project team in applying reporting best practices to standardize reporting and analysis. Result—better transparency and accountability, improved decision making, and tens of millions in savings from prudent expense management. • Co-led weekly meetings with NY Fed beginning in 2008; developing strong positive relationship. Key contributor and implementor of restructuring and monetization plan that was key to regaining confidence in AIG GRE.• Created an internal audit function (incorporating Sarbanes Oxley) which insured compliance and best practices.• Set up cash management forecasting and optimization model that ensured cash was earning maximum returns, reducing cost of capital by tens of millions.• Partnered with key business stakeholders across AIGGRE, including the acquisition, asset management, investor relations and legal groups. • Identified and implemented cost efficiencies and company-wide restructurings that saved millions and enabled the company to persevere through economic downturns.• Established global finance and operations functions and led structuring efforts for all investments and strategic platforms. Responsibilities included creating appropriate and efficient accounting, tax and cash repatriation structures.

Planned, directed and reviewed audit engagements of privately and SEC registered companies in a broad range of industries. Interpreted accounting standards and SEC guidelines. Performed operational and financial due diligence reviews of existing companies and acquisitions. Advised clients on strategic planning, budgeting, working capital and cash flow management.

New York

Worked with private and publicly-registered companies in a broad range of industries, including real estate, retail and start up enterprises. Performed audit and tax work, in addition to financial and operational due diligence reviews in connection with various M&A transactions.