Mark Rogers Email & Phone Number

Development Partner for reconstruction of 173 affordable housing units in south Austin utilizing LIHTC financing. Selected a team of design, financial and affordable housing consultants to produce a highly successful project bringing high end quality to the very low income residents. Required the rezoning, subdivision and creative financing and phased delivery to meet the aggressive time frames required by PIS deadlines and avoid permanent relocation of residents. Development Partner for the renovation of a 205 unit property in OKC. Navigated through the illiquid LIHTC market in 2017 with anticipated Trump tax plan and internally syndicated private sale of tax credits. Project to be completed in 2019 and will be re-syndicated in stabilized LIHTC market. Corporately, provided development, construction and leasing support for a number of corporate projects and assets including new hotels and master planning for large development tracts.

Providing consultation services including development analysis, design and feasibility, acquisition negotiations and structuring, contract negotiations, diligence, brokerage, financing and asset management. Providing development services for the following: Multi-phase re-development with successful rezoning of 173 unit Austin apartment project and award from TDHCA for 2013 tax credits for a May 2014 construction start.  Pre-development activities for 100 room boutique hotel

Austin, Tx, Us

Responsible for the development, financing, structuring, closing and project oversight of On Campus and Company-owned assets Transaction/development lead on thirteen on campus projects totaling over 10,000 beds managing pre-development phase to insure feasible projects and closings Project lead on two largest company-owned assets with approximately 3,600 beds – ($265 million) first utilizing Public Private Partnership structure on long term University ground lease.  Responsible for optimizing the finance strategies for new project pursuits using tax-exempt and conventional structures Closing owned asset and on campus transactions; nearly $700 million through March 2012 Responsible for contract negotiations including development agreements, general contractor agreements, architect agreements, ground leases, bond and financing documents and other required documents Construction oversight as owner’s representative for owned and third party projects Support new business pursuits and presentations

Dallas, Texas, Us

 Responsible for the development, acquisition, tax-exempt financing and asset management of nineteen student living communities totaling 12,610 beds with total transactions valued at $460 million at public and private universities and colleges. Managed the initial start-up division through its first deal and established new underwriting guidelines, development models and processes to source new business profitably. Developed and implemented growth business plans to capitalize on growing out-sourcing of student housing by universities. Guided the division through a divisive change in leadership, and was able to retain virtually all new business awarded to the company. Initiated new pricing strategies, process improvements and contractual provisions to provide additional fee income and division profitability. Functional leader for the development team producing $9.6million in gross profits during the post 9/11 real estate slump; the last 5 projects produced $6.6million surplus revenues. Involved in pioneering use of tax-exempt financing for the acquisition of student housing assets. Responsible for all development and general contractor contract negotiations and bond document review.

Dallas, Texas, Us

 Responsible for 10,000 conventional multifamily units consisting of lease-up and stabilized properties with 3,500 units in predevelopment, located in Dallas, Denver, Kansas City, Seattle and San Diego. Responsibilities included underwriting review of new developments and acquisitions, new construction lease-ups, positioning stabilized property for disposition, cash flow projections, valuations and partnership distributions. Provided direction and training to in-house management on staffing, budgeting, cost controls and revenue enhancements. Responsible for presentations at regional quarterly review meetings for eighteen assets, encompassing detailed operating re-forecasts, valuations and net partnership distributions for each asset. Established reporting process and format. Enhanced existing analytical models to provide an integrated investment summary and strategic plan for each asset, which became the blueprint for the JPI Enterprise System, utilized by all JPI Divisions.

Dallas, Texas, Us

 Directed the Asset Management department for portfolio of Class A and B properties on a national platform for a Pension Fund client. Assisted in the net growth of the portfolio from 6,300 units to over 8,300 units, while disposing of 4,000 units. Successfully integrated over 6,000 units acquired in 1993 through 1996 into the L & B portfolio while overseeing $5.7million in capital improvement programs. Positioned assets for a profitable disposition while exceeding client return targets. Additionally, responsible for the successful lease-up of two newly constructed properties totaling 500 units. Standardized and enhanced portfolio, asset and management reporting, while refining and implementing the L & B operating philosophy to all third party management companies. Implemented a $2 million capital improvement program for twenty properties designed to enhance revenues and NOI by upgrading older, well-located properties with current amenities, with payback periods less than three years. Produced significant improvements in operations, increasing NOI an average of 10% annually from 1994 to 1996.  Championed the conversion to a new asset management system. Competitively rebid multiple existing insurance policies into a blanket insurance program that saved $500,000 annually while securing broader liability coverage with comparable property coverage.

 Senior Asset Manager responsible for the management, leasing, value enhancement and regulatory compliance for a portfolio of over 6,500 garden apartment units located throughout the Southwest.  Instrumental in creating the Multi-Family Division. Developed Asset Management and Property Management Policy and Procedures used by the entire Real Estate Group, financial reporting system to monitor portfolio performance, Environmental Policies and Procedures and numerous analytical models. Produced significant improvement in NOI and property values. In 1992, involved in the underwriting and acquisition of a 335-unit community for an AFB subsidiary, which sold 10 months later for a $2 million profit.

 Responsible for the management, leasing, value enhancement and disposition of a portfolio of thirty-two bank owned assets including apartments, condominiums and commercial properties. Involved in creating policies and procedures for the Asset Management Department. Standardized the operating guidelines, chart of accounts and financial reporting for third party managers. Disposed of fourteen assets totaling $10 million and performed loan underwriting for financed sales.

 Created the Asset Management department responsible for a diversified portfolio. Chaired the Real Estate Committee, which determined investment strategy, approved sale and lease transactions and monitored performance of assets. Coordinated all litigation for Paris and subsidiaries. Helped grow the Residential Management Division responsible for the management of 1,300 units.