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Career includes 30 years of executive REIT experience as CEO, Chief Investment Officer and Director of Acquisitions plus Board of Directors roles at Blue Chip companies. I am a hands-on executive and encourage a productive and cordial company culture and environment. See summary below. • I have worked through every element of creating an UPREIT from a private company portfolio to its IPO, terrific acquisitions using line draws, OPU’s & Preferred OPU’s. Negotiated and closed each deal. • Many were complex equity exchanges or OP Exchange deals. $4.7 billion total transaction activity - and counting. A brief recap:• 1991: joined The Charles E. Smith Companies, a highly respected long-term developer/owner in Washington metro. Company planned designed/developed Crystal City, Arlington, VA.• Buildout included 6.9 msf office, 4500 apartments, two large Marriott hotels plus retail space supporting the thousands of residents and workers in Crystal City each day. • 1994: Smith Residential Division goes public in one of earliest REIT IPO’s. I worked through the details of converting the private company plus 14,900 apartment units to an UPREIT structure. I then ran the acquisitions group for the REIT, successfully acquiring 5000+ apartments, growing the IPO portfolio by 44% in a few short years. Every single acquisition performed far in excess of the Best Case projections - I am proud of this fact.• Brown Brothers Harriman recruits to replace founder/CEO of sputtering, private $500mm pre-IPO REIT. Fixed all problems (many) and got ready for $240mm IPO with Merrill lynch lead banker. • Five weeks prior to our IPO Road Show, we receive an unsolicited from a public REIT to buy our portfolio. We recast the offer and ultimately agreed to the very complicated deal. I was not in favor, but I work for my board, 5/7 Brown Brothers Harriman Senior Partners, one was the managing partner of BBH + myself.• Boston Properties Ray Ritchey hires me as Director of Acquisitions. BXP sought someone w/extensive REIT experience who ran acquisitions for a large scale public REIT - a rare combination then. I spent my time with Ray Ritchey plus co-founders Mort Zuckerman and Edward Linde - we would speak often and tour the markets together, in person, every 2-3 months. • Founded REIT Academy, only deep-dive, detailed education program for working professionals. • Working on new platform currently under wraps until January 2025. Conversions of antiquated OB’s is the thesis, with a twist. Call me for more if you’ve read this far. 1-202-365-0955, mobile.
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Founder And CeoReit AcademyWashington, Dc, Us -
Founder & CeoReit Academy Sep 2020 - PresentWashington, Dc, UsREIT Academy offers The Executive REIT Masterclass, an in-depth, six-week, one-evening per week (Zoom) course covering every detail of a REIT including: how a private firm converts or “rolls-up” to a REIT, how they are capitalized, how to analyze them and more. Taught LIVE via ZOOM by Prof. J Morris, a former acquisitions executive for two Best-in-Class REITs, Boston Properties and Charles E. Smith Residential + CEO for a private, pre-IPO REIT principally owned by Brown Brothers Harriman. He has concluded $4.7 billion in transactions - industrial, multifamily residential + office. These include cash and OPU acquisitions, joint-ventures, equity IPO’s and follow-on offerings. Brown Brothers Harriman recruited him as CEO to lead a private REIT to an IPO, or monetize their equity investment. Mission accomplished via a $550mm structured sale to an existing public REIT (and since IPO’d as NYSE: GOV). He has been a faculty member at Georgetown University for 13+ years teaching an advanced graduate class on REITs in the Master’s in Real Estate degree program. He has taught more than 250 students and helped many students secure new, advanced well-paid jobs in CRE firms and REITs. He makes every effort to teach the granular material and help and advise his students on their career path.NOTE: In late 2023, we taught our Executive REIT Masterclass to a group of seven executives located in Accra, Ghana, West Africa. It was well received and helpful since Ghana is now seeing several new REIT filings. While the “US Model” is somewhat different than the 2019 REIT legislation there, we compare and contrast the two. The Residential Sector is evolving in Ghana, and many new REITs will focus on that element. We are here to help educate anyone in Ghana or other African nations considering a new REIT. -
Senior Research AdvisorHoya Capital Nov 2019 - PresentRowayton, Connecticut, UsHoya Capital Real Estate was formed by Alex Pettee, CFA who is President and Director of Research and ETF’s. Alex and the team, as sub-advisors, launched two (2) new ETF’s (2019 + 2021) both invested in baskets of securities with a real estate theme. NYSE: HOMZ launched first in 2019, gaining traction quickly with investors and receiving many industry awards. NYSE: RIET is the second Hoya Capital ETF, also with a real estate theme and a greater focus on generating a higher dividend yield. Both ETF’s pay dividends monthly vs traditional quarterly payments, allowing investors to receive distributions in sync with monthly bills. Hoya Capital’s ETF’s continue gaining AUM as investors agree with the investment theses of both and the shares continue to rise. Investors find comfort in Alex’s deep knowledge of every security in each ETF, many are REITs, a result of years of writing detailed REIT research published by Hoya Capital, available on Seeking Alpha and by subscription. -
Adjunct Professor & Thesis AdvisorGeorgetown University Jul 2010 - PresentWashington, Dc, Us -
Adjunct Professor & Thesis Advisor Real Estate Investment TrustsGeorgetown University Jun 2010 - PresentWashington, Dc, UsGeorgetown University Master’s in Real Estate graduate program Created REIT course that examines public real estate investment trust’s structure, strategy & industry details. From conversion of a private RE firm to a REIT & IPO process. Unique, in-depth perspective from a professor who has spent 25+ years as an active executive in the REIT industry with Blue Chip companies. Highly ranked professor -- top 1% --based upon Student Evaluation Surveys each semester. Emphasis on the use of high-quality REIT research for discussions. The primary teaching tools are GREEN STREET, EVERCORE ISI and JP MORGAN research reports, weekly. 20+ page term paper in lieu of exam. Many Guest Speakers during semester adds a to this unique class. -
Chief Investment OfficerArmada Hoffler Properties May 2019 - Jun 2020Virginia Beach, Virginia, UsChief Investment Officer for this NYSE listed public REIT (NYSE: AHH). Created defined strategy and executed on it which led to dynamic growth for AHH. Identified, underwrote and sought to acquire several class A, high-rise apartment properties in Atlanta, GA and Charlotte, NC. Worked through the process to dispose of a portfolio of non-core properties that had endemic and longstanding lack of rental rate growth. Set up the portfolio for sale, interviewed investment sales teams from top firms which location and product expertise. Departed due to Father’s passing and need to be back in DC Metro (frequent care for elderly mother). -
Managing Director - Capital MarketsJll Feb 2011 - Feb 2013Chicago, Illinois, UsManaging Director - Capital Markets Total production: $263mm. Vornado refi: $108mm Rosslyn Plaza + Lerner debt: (3) - $155mm for Urban Office & Suburban Multifamily (2). Arranged institutional debt for the Real Estate Investment Trust sector, in addition to several large scale marquee private firms. Awarded a $108mm VORNADO assignment to re-capitalize Rosslyn Plaza; arranged $51mm long-term loan for 20 M Street, SE (ALLIANZ) for LERNER Enterprise plus two apartment projects totaling $155mm (ALLSTATE).NAREIT INTERVIEW:https://www.reit.com/news/videos/reits-continue-accumulating-capital -
PrincipalLerner Enterprises Jan 2000 - Jan 2007Rockville, Md, UsCo-founded Lerner|Morris|Hillman (LMH) Realty Group, LLC, a $500mm Institutional Joint-Venture Private Equity Affiliate of Lerner Enterprises. LMH formed several JV acquisitions transactions with Walton Street Capital, Guggenheim Real Estate Investors & Consortium Capital to acquire large class B downtown DC office buildings. ASSETS: • 2100 M Street NW, Acq: $56.63 sold $95mm 3yrs• 1275 K Street NW, Acq: $62.53 sold $79mm 1 yr• Park Place, Rosslyn: Acq: $31.25 sold $63.25mm• 20 M Street SE Navy Yard: Acq: $5.65mm Value $19mm (Rezoned, added height + density using TDR’s + wide M Street SE. At peak, portfolio was 1.25 msf and total capitalization exceeded $500 million. IRR for fund transactions exceeded 40%. Identified, acquired, up-zoned new 200,0000 sf class A office development 20 M Street, S.E. steps from the new Washington National's stadium at the Navy Yard, SE DC Metro Station. Using creative TDR process, site acquired and upzoned for increased density and two additional floors. The Church of the Epiphany on G Street N.W, Washington, D.C. sold us the TDR's The Lerner/LMH program was a tremendous success for all participants - especially our JV partners and our first-class sponsor, LERNER. -
Public Reit ($22B) Director Of AcquisitionsBoston Properties Jul 1997 - Jan 2000Boston, Massachusetts, UsDirected New Acquisitions Group for Boston Properties producing $3.7b in new acquisitions (all worked, many 2x+ on purchase price). Hired by BXP veteran Ray Ritchey, interviewed extensively with Mort Zuckerman and Edward Linde, co-founders (1970). Presented 15+ new deals to full BXP Board of Directors (100% approval). Highlights:• Metropolitan Square $175mm OPU/$400mm • 1301 New York Avenue OPU $72mm/$155mm• 100 East Pratt Street $137mm/$220mm• Riverfront Plaza $162mm MetLife/$247mm sale • JV using OPU’s w/ground owner Gould to develop 400,0000 sf Market Square North, Pennsylvania Avenue at 9th street NWSecured mortgage financings for acquisition projects. $250mm Mulligan-Griffin portfolio with NWML; TIAA/NYL $95mm loan for 100 East Pratt; $120mm MetLife loan on Riverfront Plaza and more. Overall acquisition volume at BXP: $2.7b. Ran West Coast road show for secondary offering ($800mm) with lead bankers. -
Ceo Pre-Ipo Office Reit $550Mm 100% Gov’T LeasesGovernment Property Investors, Inc. Oct 1996 - Jun 1997(Company SOLD Three Weeks Prior to Road Show kickoff @23.6% IRR)Recruited by Brown Brothers Harriman to take control of stalled pre-IPO specialty Office REIT (100% US Gov leased portfolio). Working 24/7 resolved all issues & recruited nine top IBanks, led by Marty Cicco Merrill Lynch for IPO. Road Show scheduled & then public REIT makes offer. Sold portfolio $525mm w/21% IRR to BBH 1818 II Fund. Solved for principal’s objectives to monetize their signifier equity investment. Prior to arrival, projections of a 20-25% LOSS predicted.
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Public Apartment Reit, 1994 Ipo, Svp Director Of AcquisitionsArchstone Smith Trust Apr 1990 - Oct 1996Complex, arduous 18-month roll-up to IPO for The Charles E. Smith REIT ($11B), one of earliest REIT conversions of the Modern REIT Era advised and led by Goldman Sachs (Mike Fascitelli). Road Show Team Member for $220 Million IPO of this Best-in-Class public REIT. Built & managed first ACQUISITIONS DEPT of Newly Public REIT. Set forth underwriting criteria, asset profiles, locations, size, age, more.Acquired over 4,500 Class A, high-rise apt units ($2.25b PV) via cash and OPU exchanges. Set stage for continued upward trajectory - ultimate merger with ARCHSTONE to form ARCHSTONE-SMITH. Many acquisitions provided enormous merger value, significantly benefitting the SMITH valuation.Attended all Nareit functions, one-on-ones, public speaking engagements, very active in REIT community. Named a “Leading Expert” in the UPREIT structure and strategy.
Jonathan Morris Skills
Jonathan Morris Education Details
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Towson UniversityAccounting & Finance -
Walt Whitman High School (Named “Superschool” By The Washington Post) -
The George Washington UniversityAnd Securities Law -
Georgetown UniversityMaster’S In Real Eatate -
Reit Academy & The Executive Reit MasterclassReal Estate
Frequently Asked Questions about Jonathan Morris
What company does Jonathan Morris work for?
Jonathan Morris works for Reit Academy
What is Jonathan Morris's role at the current company?
Jonathan Morris's current role is Founder and CEO.
What is Jonathan Morris's email address?
Jonathan Morris's email address is jo****@****ail.com
What is Jonathan Morris's direct phone number?
Jonathan Morris's direct phone number is 120268*****
What schools did Jonathan Morris attend?
Jonathan Morris attended Towson University, Walt Whitman High School (Named “superschool” By The Washington Post), The George Washington University, Georgetown University, Reit Academy & The Executive Reit Masterclass.
What skills is Jonathan Morris known for?
Jonathan Morris has skills like Real Estate, Valuation, Investments, Commercial Real Estate, Acquisitions, Asset Management, Real Estate Economics, Real Estate Development, Private Equity, Investment Properties, Joint Ventures, Portfolio Management.
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