Michael Sommers

Michael Sommers Email and Phone Number

Senior Vice President at Grand Peaks Properties @ Grand Peaks
Michael Sommers's Location
Miami, Florida, United States, United States
Michael Sommers's Contact Details

Michael Sommers work email

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About Michael Sommers

For the past 19 years I have worked in commercial real estate investment in various capacities, with my focus on large multifamily acquisitions and asset management.

Michael Sommers's Current Company Details
Grand Peaks

Grand Peaks

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Senior Vice President at Grand Peaks Properties
Michael Sommers Work Experience Details
  • Grand Peaks
    Senior Vice President
    Grand Peaks Jun 2015 - Present
    Denver, Co, Us
    In June 2015 I opened the Florida Office for Grand Peaks. In the past eight years we have acquired 5,800 apartments in Florida and North Carolina for over $1.250 billion, with some great partners and implemented many renovation plans. My focus is on sourcing new multi-family real estate investment opportunities. Additionally, I oversee value-add projects within Grand Peaks existing apartment portfolio.
  • University Of Miami
    Lecturer - Real Estate Finance
    University Of Miami 2009 - Present
    For the past several years I have taught MBA and undergraduate Finance courses focused on teaching students to analyze commercial real estate investments.
  • Fifteen Group
    Senior Vice President
    Fifteen Group Dec 2014 - Jun 2015
    Oversaw asset management of Fifteen Group's national apartment portfolio (approx. 3,000 units) and contributed to the due diligence process on new acquisitions.
  • Trip Around The World
    Traveler
    Trip Around The World Apr 2014 - Nov 2014
    I decided to take the summer off, buy an RV and head out to explore the country with my fiance and puppy. We visited 44 states, 15 national parks and saw the best of what our country has to offer: bears, buffalo, canyons, lakes, beaches, cities and more. Then we spent the month of August in Europe, visiting Switzerland, Italy, Germany, the Greek Isles, Barcelona, Amsterdam and Paris. To end the year, we got around-the-world plane tickets, with stops in Madrid, South Africa (including the lions, rhinos, hippos, zebras and elephants of Kruger National Park), then on to Australia and the Great Barrier Reef, before a final stop in Hawaii. Greatest accomplishment of my life, to see the world with the one I love, while being youthful and having all the energy and strength to enjoy and appreciate it.
  • Equity Residential
    Investment Associate
    Equity Residential Mar 2009 - Apr 2014
    • Underwrote new investment opportunities acquiring apartment communities nationwide. Part of the deal team that worked on the Archstone acquisition.• Worked to improve the performance of a $4 billion portfolio of 25,000 apartment units in the Southeastern U.S.• Conducted market research of competing properties’ rents, work to project future apartment demand
  • Island Global Yachting
    Asset Management Analyst
    Island Global Yachting May 2008 - Nov 2008
    Ft. Lauderdale, Fl, Us
    • Acted as liaison between property operations and ownership group, managed marinas, retail and hotels in the Caribbean, Mexico and United States• Compared monthly property performance to budget as well as to historical performance, sought to highlight major variances and research the cause of such variances• Evaluated renovation proposals to measure return on investment and made recommendations to management• Reported property performance to lenders, prepared materials to evaluate refinancing opportunities
  • J.I. Kislak, Inc.
    Acquisitions Analyst
    J.I. Kislak, Inc. Mar 2006 - May 2008
    • Evaluated $10 - $100 million investment opportunities in apartment communities nationwide, priced real estate property as well as distressed/non-performing debt• Improved financial underwriting model for apartment acquisitions, analyzing returns to Kislak and equity partners under different capital structures • Prepared presentations of historical property performance • Wrote private placement memorandums for new acquisitions to raise institutional equity and debt• Made site visits to properties for potential acquisition and evaluated the rental market
  • Aztec Group
    Real Estate Analyst
    Aztec Group Jan 2005 - Mar 2006
    • Part of a three man Multi-family housing department, responsible for in excess of $200 million in sales in 2005• Underwrote Senior Loan financing for acquisitions and construction, provided Mezzanine loans from a private “in-house” fund and structured joint ventures for real estate acquisitions• Built and maintained a database of every apartment complex in Southern Florida over 60 units, with ownership data, records of previous sales and rents; contained 2,000 records• Prepared offering memorandums for listed properties, created financial projections, surveyed comps, created maps, took property photos and studied demographics• Underwrote acquisition opportunities to make investment recommendations to the principals of Aztec Group and their partners, visited and studied new markets, coordinated due diligence for joint venture acquisitions

Michael Sommers Skills

Real Estate Real Estate Economics Due Diligence Asset Management Commercial Real Estate Investments Real Estate Transactions Finance Mergers And Acquisitions Real Estate Development Investment Properties Financial Analysis Portfolio Management Asset Managment Management Leases Acquisitions Analysis Budgets Leadership Apartments Equities Sales Research Microsoft Excel Structured Finance Corporate Finance Market Research Private Equity Retail Property Financial Reporting Underwriting Construction Variance Analysis Valuation Financial Modeling Joint Ventures Loans Mergers

Michael Sommers Education Details

  • University Of Florida - Warrington College Of Business
    University Of Florida - Warrington College Of Business
    Mba
  • University Of Miami Herbert Business School
    University Of Miami Herbert Business School
  • University Of Miami
    University Of Miami
    Finance

Frequently Asked Questions about Michael Sommers

What company does Michael Sommers work for?

Michael Sommers works for Grand Peaks

What is Michael Sommers's role at the current company?

Michael Sommers's current role is Senior Vice President at Grand Peaks Properties.

What is Michael Sommers's email address?

Michael Sommers's email address is ms****@****lak.com

What is Michael Sommers's direct phone number?

Michael Sommers's direct phone number is +130549*****

What schools did Michael Sommers attend?

Michael Sommers attended University Of Florida - Warrington College Of Business, University Of Miami Herbert Business School, University Of Miami.

What skills is Michael Sommers known for?

Michael Sommers has skills like Real Estate, Real Estate Economics, Due Diligence, Asset Management, Commercial Real Estate, Investments, Real Estate Transactions, Finance, Mergers And Acquisitions, Real Estate Development, Investment Properties, Financial Analysis.

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