Michael Bediones

Michael Bediones Email and Phone Number

Vice President, Asset Management at Middleburg Communities @ Middleburg Communities
vienna, virginia, united states
Michael Bediones's Location
Washington, District of Columbia, United States, United States
Michael Bediones's Contact Details

Michael Bediones work email

Michael Bediones personal email

About Michael Bediones

Broad experience in Commercial Real Estate Finance, including Development, Acquisitions and Asset Management of multifamily, office, retail, hospitality and mixed-use properties. Skilled in financial analysis, project management, reporting, due diligence and market research. Outstanding leadership and communication skills honed by additional experience in investment sales and capital markets, and education at Georgetown University’s McDonough School of Business, the University of Oxford, Tufts University, University College London (UCL) and Punahou School.

Michael Bediones's Current Company Details
Middleburg Communities

Middleburg Communities

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Vice President, Asset Management at Middleburg Communities
vienna, virginia, united states
Employees:
68
Michael Bediones Work Experience Details
  • Middleburg Communities
    Vice President Asset Management
    Middleburg Communities Mar 2022 - Present
    Washington Dc-Baltimore Area
    Manage and optimize financial performance of the company's real estate portfolio, including development pipeline of nearly 4,000 Class A multifamily and single-family rental (SFR) units with total construction cost of over $800 millionClosed nine dispositions in ten months totaling more than $500 million and nearly $100 in refinance and recapitalization transactionsSuccessfully on-boarded acquisition of close to 1,000 units valued at $225 millionProvide oversight, guidance, and mentorship to junior asset management team membersManage all reporting, including internal reporting and analysis and external reporting for investorsPerform detailed financial analysis and provide recommendations on valuation for each asset, as well as investor distributions, capital expenditure decisions and cash reserve managementIdentify and execute on new opportunities to increase revenues and reduce costs at the property-level and across the portfolioCollaborate across investment, development, construction, accounting and property management teamsExecute business plan for new development projects and newly acquired existing assets
  • Middleburg Communities
    Asset Management Associate
    Middleburg Communities Sep 2020 - Mar 2022
    Washington D.C. Metro Area
    Manage portfolio of Class A and affordable multifamily communities totaling 4,600 units and valued at over $700 million, and assist with acquisition and development of pipeline of more than 6,000 single-family rental (SFR) units over the next five years throughout the Mid-Atlantic and SoutheastDevelop business plans to identify opportunities to increase revenue, reduce expenses and drive NOI and cash flow across the portfolioConduct quarterly valuation of assets, perform internal and external monthly and quarterly reporting, evaluate cash flows and distributions to investors and assist principals in programmatic JV, individual partnership and fund-level decisionsTrack construction schedules and variances, debt and equity draws, budget reallocations and contingencies for development projects and assist with coordination of utilities, FF&E, signage and package lockers and onboarding of management and lease-up teamsDevelop annual operating budgets, evaluate leasing and rents and oversee substantial value-add and capital improvement projects
  • Rockefeller Group
    Development Associate
    Rockefeller Group Sep 2019 - Jul 2020
    Washington D.C. Metro Area
    Manage development pipeline of more than 1.3 million square feet of multifamily, office, retail, condo, hotel, industrial and mixed-use assets valued at over $1 billion, including $320 million redevelopment of former Metro headquarters into trophy mixed-use office, retail and hotel destinationUnderwritten and conducted financial analysis of over $1.5 billion in acquisitions, construction financing and refinance opportunitiesEngage in full cycle of development from pro forma financial analysis of acquisitions, development and redevelopment opportunities to design, entitlement and closing debt and equity financing to managing construction, lease-up, stabilization, asset management and saleCollaborate on negotiations of Leases, including evaluating impacts of lease economics on returns, Joint Venture Agreements, RFP's and Loan Agreements; manage relationships with joint venture partners and tenants and ensure compliance with governing agreementsProvide risk and mitigation strategies, market research and underwriting supportAnalyze cash flow projections, DSCR’s and returns and track budgeting and capital needs and revenue, expense and budget variances; build and maintain financial Argus and Excel modelsEvaluate capital needs and oversee third-party property management companies, leasing brokers and communications with tenants Prepare and present investment committee memoranda and monthly, quarterly and annual financial reports and assist with strategic positioning of assets, including budgets, cash flow projections, capital expenditure needs, BOV's and saleReview construction budgets, architect and GC contracts, pay applications, loan draws, capital calls, invoices, contingencies, change orders and schedules and milestones
  • Douglas Development Corporation
    Development, Acquisitions & Asset Management Associate
    Douglas Development Corporation Mar 2016 - Sep 2019
    Washington D.C. Metro Area
    Managed development pipeline of more than 1.5 million square feet of multifamily, office, retail, hotel and mixed-use projects valued at approximately $600 millionUnderwritten over $700 million and closed nearly $500 million in debt and equity financing, including $314 million in construction financing, $145 million in recapitalization transactions and over $40 million in acquisitions and dispositionsClosed $22 million CMBS loan in record 28 days, helped close one of the first Opportunity Zone investments in the region totaling $47 million for 453-unit multifamily redevelopment, spearheaded company’s first-ever HUD financing of $65 million for ground-up development of 320 multifamily units, led two historic tax credit equity transactions and closed refinance of mixed-use portfolio totaling nearly $40 million Asset management of portfolio of more than 30 multifamily, office, retail, hospitality and mixed-use properties totaling about 2 million square feet and valued at over $500 millionTracked operating budgets, performed monthly, quarterly and annual financial reporting and due diligence, oversaw third-party property management and leasing brokers and develop leasing and property-level strategies to increase revenue, reduce operating expenses and drive NOI, value and returnsConducted financial and pro forma analysis of new acquisitions, development and redevelopment opportunities, performed due diligence for closing construction financing, assisted with entitlement, design, planning and permitting, developed construction budgets and schedules and managed lease-up through stabilization and refinance or sale
  • The Greysteel Company
    Senior Financial Analyst
    The Greysteel Company Dec 2014 - Mar 2016
    Washington D.C. Metro Area
    Part of the top multifamily investment sales and capital markets team at the company – closed over $300 million in transactions in three years in Washington, D.C., Maryland, Virginia, New York and Pennsylvania Specialized in both market rate and affordable housing transactions, closing more than two dozen Low Income Housing Tax Credit (LIHTC), Housing Assistance Payments Contracts (HAP), Project-Based Section 8, PILOT, HOME and senior housing dealsMonitored LIHTC compliance periods, extended use and recapture periods, AMI and affordability restrictions and GP and LP covenants Created Offering Memoranda, including pro forma and cash flow analysis, rent and sales comparable analyses, investment highlights, property overviews and market and submarket overviewsLed property tours, appraisals, Property Condition Assessments (PCA) and Phase I – Environmental Site Assessments (ESA)Managed Washington D.C.’s Tenant Opportunity to Purchase (TOPA) and Maryland’s Right-of-First Refusal (ROFR) processesNegotiated Purchase and Sale Agreements, Letters of Intent (LOI’s), Requests for Proposals (RFP)’s, estoppels and SNDA’s
  • Greysteel
    Financial Analyst
    Greysteel Aug 2013 - Nov 2014
    Washington D.C. Metro Area
    Underwrote over 200 market-rate and affordable multifamily, retail, mixed-use and development opportunities valued at over $700 millionBuilt and maintained financial models and pro formas in Argus, Excel and third-party platforms, conducted rent comparable and sales comparable analysis and market research and reportingActively managed CRM database of over 17,000 contactsDeveloped offering memoranda, including cash flows, investment highlights, property overviews and market overviewsCrated company’s monthly Multifamily Market Reports spotlighting emerging neighborhoods throughout the Mid-Atlantic region
  • Georgetown University'S Mcdonough School Of Business
    Master Of Business Administration
    Georgetown University'S Mcdonough School Of Business Aug 2011 - May 2013
    Washington D.C. Metro Area
    Full-time MBA candidate focused on Real Estate Finance and Development. Charter member and Co-Founder of Georgetown Business & Government Club and Georgetown Real Estate Organization (REO). Finalist in Business & Public Policy Case Competition. Accepted to selective Summer Programme in International Management at the University of Oxford’s Said School of Business. Participated in Real Estate Consulting Project on market entry and JV strategies for Portman Holdings in Shanghai, China.

Michael Bediones Skills

Real Estate Marketing Commercial Real Estate Real Estate Development Investments Residential Homes Investment Properties Market Research Financial Modeling Due Diligence Condos Real Estate Transactions Leases Finance Negotiation Sales Sellers Investors Valuation 1031 Exchanges Cross Functional Team Leadership Social Media Marketing Financial Analysis Multi Family Investment Properties Residential Land Development Real Estate Financing Project Finance Luxury Contract Negotiation First Time Home Buyers Real Estate Economics Selling Foreclosures Relocation Brokerage Project Planning Asset Management Portfolio Management Microsoft Excel Microsoft Powerpoint Microsoft Office Argus Modeling Financial And Operational Modeling Dcf Financial Reporting Dispositions Low Income Housing Tax Credit Commercial Mortgage Backed Security Pro Forma Development

Frequently Asked Questions about Michael Bediones

What company does Michael Bediones work for?

Michael Bediones works for Middleburg Communities

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

Michael Bediones's current role is Vice President, Asset Management at Middleburg Communities.

What is Michael Bediones's email address?

Michael Bediones's email address is mb****@****oup.com

What schools did Michael Bediones attend?

Michael Bediones attended Georgetown University - The Mcdonough School Of Business, University Of Oxford - Said Business School, Tufts University, University College London, U. Of London, Punahou School.

What skills is Michael Bediones known for?

Michael Bediones has skills like Real Estate, Marketing, Commercial Real Estate, Real Estate Development, Investments, Residential Homes, Investment Properties, Market Research, Financial Modeling, Due Diligence, Condos, Real Estate Transactions.

Who are Michael Bediones's colleagues?

Michael Bediones's colleagues are Shelby Wierenga, Johnny Owens, Mark Hendrickson, Alicia Lenhardt, Chris Connolly, Msba, Corey Gibson, Eric Zimmermann.

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