Larry Franks work email
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Larry Franks personal email
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Senior Executive with more than 20 years of success developing and acquiring real estate with a penchant for creating growth in new territories. Extensive experience negotiating contracts while fostering strategic relationships on $5M+ transactions, leading all aspects of project acquisitions, and executing planned objectives with full P&L responsibilities. Highly skilled in contract negotiations, land acquisition, business development, operations, and financial analysis of complex real estate transactions.Specialties: Real Estate, Land Acquisition, Business Operations, Development and Disposition.Business Development, Negotiations, Financial Analysis, and Strategic Leadership. #BTR
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President, FloridaBrightsky Residential Jan 2024 - PresentI'm excited to announce my new role as President of Florida at BrightSky Residential, a real estate development company focused on Build-to-Rent communities. I'll be leading the expansion into Florida markets, driving growth, and building a strong local presence for the company. BrightSky is a subsidiary of The Resmark Companies, a leading residential investor nationwide. In this role, I will be responsible for all facets of the business, initially focusing on land acquisitions in the Tampa, Sarasota, Jacksonville, and Orlando markets. Our primary focus will be building communities giving us 100-300 units, aiming to create a sophisticated build-to-rent (BTR) experience. Our diverse floor plans, ranging from townhomes to detached single-family homes, villas, and cottages, provide us with the flexibility to seamlessly integrate into a wide range of projects.I'll also be focused on managing the financial performance of the region, developing and executing business strategies for growth and profitability, and overseeing the land acquisition and entitlements process. Additionally, I'll be responsible for construction planning and implementation, leasing and marketing efforts, and ensuring high levels of customer satisfaction.I'm thrilled to represent BrightSky Residential as we expand into new markets, and I look forward to working with our team to deliver exceptional results and establish a strong local brand reputation.BrightSky Residential is wholly owned by The Resmark Companies, Resmark at a glance1. Founded: 19952. Investors Include Two of the Nation’s Largest Public Pension Funds3. Expertise: Finances, acquires, develops, and manages real estate investments in across the Country.4. Investments: In 90,000+ Single-Family and Multifamily Homes/Units and Lots5. Portfolio: Invested in 295+ Single-Family and Multifamily Investments6. Partnerships: With 30+ Best-in-Class Developers Nationwide#BrightSkyResidential #BTR -
Regional Vice President LandCore Spaces Mar 2023 - Jan 2024Chicago, Illinois, UsLed the company’s growth efforts in Florida by building a pipeline of strategic land acquisition opportunities, overseeing entitlements, project/unit deliveries and building the development team to support the corporate vision. In this role, I ensured that each project was on pace to be completed within budget and on schedule, while also meeting brand standards and objectives. Core Spaces is an established real estate development and acquisitions firm with a proven track record of success, having completed over 100 noteworthy projects in 19 states, with over 30k units and 4.2B under management. -
Regional Vice PresidentCentury Complete Jun 2022 - Mar 2023Norcross, Georgia, UsOversaw Regional Operations, developing strategies and implementing actions to maximize the Region’s financial performance. Additionally, I led the Land Acquisition team seeking opportunities aligning with the company’s strategy and business plan goals for the Florida Region. This included working with purchasing, architecture, sales, CM's and our Division Managers, pushing them to approach their roles strategically and work efficiently while maximizing performance. -
Land AcquisitionToll Brothers Feb 2019 - Jun 2022Fort Washington, Pa, UsNegotiated the acquisition of all new development projects, starting with its financial underwriting, the entitlement/due diligence process through the completion of land development. Responsibilities also entailed leading the Divisions community start-up team involving the planning and implementation of a model park, architecture/model mix, amenity, and entryway design. Furthermore, I was responsible for the detailed financial modeling of all communities for underwriting. • Acquired over 4,300 lots across 22 communities within 3 years while starting up a new Division.• Developed over $150m in site work across 12 communities with another $122m in planning stages.• Increased Pipeline from 58 deliveries in ’19 to an anticipated 552 deliveries in ’24. -
Division Vice PresidentMeritage Homes Mar 2017 - Feb 2019Scottsdale, Az, UsAssist the Division President with planning, project estimating, design, forecasting and overall strategy of the Division. Oversee and negotiate all acquisition opportunities, including raw land and finished lots. Duties also entail detailed financial modeling, preparing CMA’s selecting appropriate product and managing the due diligence process. Manage land department personnel and all aspects of a projects' entitlement process along with site development by coordinating with land planners, engineers, and others to convert acquired land into lots. -
Vice President - Land AcquisitionCalatlantic Homes Jun 2014 - Mar 2017Arlington, Va, UsOversee and negotiate all acquisition opportunities, including raw land and finished lots. Duties also entail cash-flow and pro-forma financial modeling, preparing CMAs and managing the due diligence process. Direct land department personnel and oversee all aspects of a projects' zoning and engineering approvals to commence site construction on plan and within budget. -
Vice President Of LandKb Home Jul 2012 - Jun 2014Los Angeles, Ca, UsResponsible for overseeing the strategic and tactical operations of the Land Department and all activities geared toward profitability and efficiency that support the division’s business plans. My role develops and ensures implementation of the division’s land acquisition vision by setting goals, implementing and creating policies and procedures. • Successfully acquired 15 properties resulting in over 1,200 residential lots while also bringing 5 “mothballed” communities to market, putting $26M in parked assets to work for the Division. • Negotiated the acquisition of discounted Transportation and School Impact Fees, resulting in a savings of over $500,000 for the Division.• Led Due Diligence efforts on all new acquisitions, working with a variety of consultants that included engineering, environmental, geotechnical, legal, site contractors and internal KB members to underwrite deals for Land Committee. • Performed detailed financial analysis and negotiated purchase agreements on all transactions while managing the assemblage of Land Packages presented to Land Committee for consideration.MANAGEMENT• Oversaw a staff of acquisition and development professionals while holding Directors and/or Managers accountable for achieving acquisition goals • Builds strong partnerships with Sales, Marketing, Construction, Studio, and Finance• Continually evaluate the team’s performance to identify skill gaps and implements training/development solutions -
Director, Business DevelopmentFirstservice Residential Dec 2011 - Jul 2012Dania Beach, Fl, UsResponsible for overseeing the acquisition of profitable new business and developing strategic relationships with large Private Equity Real Estate funds, Financial Institutions and GSE's.FirstService is a global real estate services leader with over $2.2Billion in annual revenues providing a national platform of property management services. FirstService is a true national entity with the capability and scalability to service local and national clients and ability to handle the increased volume of Single Family Rentals entering the market. Along with a deep local experience required to preserve property, increase rental revenues and protect owners, FSRR has 82 offices to service client properties from coast to coast. -
Vice President Of Asset ManagementBluesteel Capital Group Jun 2009 - Dec 2011While driving new business and profitability, I oversee construction, operations, develop and implement strategies for Bluesteel Capital Group a private real estate investment and management firm. BCG manages a Distressed Private Equity Real Estate Fund in the Tampa Bay area.• Drive new business and profitability. • Prepare and implement strategic plans, budgeting, and the overall vision of company operations. • Create a pipeline of business by generating new opportunities and client service activities through continual interaction with the appropriate stakeholders.• Perform due diligence and underwriting of prospective investments to determine their investment suitability through; site visits, due diligence, analyzing market conditions, and the financial modeling of Debt Service Cost Ratios, COC cap rates, and IRR’s.• Responsible for reviewing, drafting, and negotiating all real estate documents for our commercial leases or purchases of investment properties.• Underwrite prospective investments to determine their financial suitability through; due diligence, analyzing market conditions and demographic trends.• Foster effective relationships with 3rd Party real estate managers to ensure our investments are receiving the needed attention to be leased out per plan.• Prepare and review pro forma operating/construction budgets to evaluate risk of planned investments.
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PresidentTotal Land Development Feb 2002 - May 2009Directed sales and day-to-day operations for Total Land Development a Tampa Bay Business Journal Top-20 developer. Broad scope of responsibilities include sales, forecasting, marketing, pricing, training, P&L accountability, strategic market planning, business development, and personnel management.• Managed operations and business development of over $125 Million in development projects of 150,000 SF in commercial space and 900+residential units, continually surpassing revenue goals.• Responsible for the management and financial feasibility of Multi-family investments by performing market research on demographic trends, financial analysis of operating budgets, determining comparable values of similar properties and establishing market rents.• Directed deal structure with equity partners and investors to proceed with high volume opportunities by providing extensive underwriting of our deals and managing the pro-forma process.• Increased business from start-up to over $17.5M in revenues within 5 years. • Led the marketing and sales staff in sales of land, commercial leasing, and residential units while exceeding budgets according to forecasts. Oversaw the sale of developed properties to other developers and home builders, realizing sizeable returns.• Owned all 3rd party consultant relationships. This group included: bankers, equity investors, capital partners, architects, owners, general contractors, engineers, legal, construction managers, etc. • Established over $25 million in lines of credit with several lending institutions by skillfully underwriting investments and handling all of the corporate finance aspects of the firm. • Supervised a staff of 20 including sales people, project managers, office staff, and marketing personnel.
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Vice President Of OperationsHighpoint Development Oct 1999 - Feb 2002Reported to the CEO forecasting units and budgets while directing operations with full P+L responsibilities. Led the development of large construction projects while also overseeing planning, project estimating, design, trade contracts, permitting and on-site construction. • Managed the construction of over 300 units within the Tampa Bay area with $90 Million in sales.• Negotiated all agreements ensuring business/contractual relationships were developed and sustained.• Managed bid and negotiation process and awarded contracts associated with new projects. • Developed sales/budget forecasts with P&L accountability resulting with a 44% gain in profits.• Took a company with unclear vision, poor processes, and difficult team dynamics and turned them around into a high performer with good processes, a clear vision and strategies to move forward with.• Fostered positive and effective business relationships with our 3rd party vendors and the Terra Vista team.• Reviewed scope of work and architectural plans for accuracy.• Coordinated with architects to secure necessary permits and managed rezoning of properties.
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Business Development ManagerMicrosoft Oct 1996 - Oct 1999Redmond, Washington, UsResponsible for developing alliances and joint programs with key business partners to increase the awareness and sales of Microsoft technologies within Fortune 1000 companies. Managed all aspects of the relationship between the client, Microsoft field and corporate teams, and technology Partners maximizing resources to close business. Negotiated with clients to ensure that business/contractual relationships were developed and sustained and that all engagements remained profitable. Identified leads, managed prospects and acquired new profitable business. Expanded relationships with key distributors, premier resellers, and authorized support centers. Reseller Account Manager (October 1996-1998) – Responsible for managing, leading and closing the top Mid Market Microsoft opportunities, working with partners and Large Account Resellers Developed strategic, ongoing relationships with highly influential individuals in the channel while building trust and respect for Microsoft.
Larry Franks Skills
Larry Franks Education Details
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Mba - University Of Florida, Hough Graduate School Of BusinessBusiness -
University Of Florida - Warrington College Of BusinessGeneral -
University Of South FloridaMarketing / Real Estate -
St. Thomas AquinasBusiness
Frequently Asked Questions about Larry Franks
What company does Larry Franks work for?
Larry Franks works for Brightsky Residential
What is Larry Franks's role at the current company?
Larry Franks's current role is President, Florida.
What is Larry Franks's email address?
Larry Franks's email address is la****@****ter.com
What schools did Larry Franks attend?
Larry Franks attended Mba - University Of Florida, Hough Graduate School Of Business, University Of Florida - Warrington College Of Business, University Of South Florida, St. Thomas Aquinas.
What skills is Larry Franks known for?
Larry Franks has skills like Real Estate Development, Real Estate, Contract Negotiation, Real Estate Transactions, Negotiation, Due Diligence, Residential Homes, Property Management, Land Acquisition, Land Development, Construction, Business Development.
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