Nikkolas "Nik" Hillberg serves as the Vice President of Finance at BR4 KLOTZ and The Klotz Group of Companies, bringing over two decades of robust experience in finance, accounting, and asset management within the commercial, student housing, multifamily, and retail real estate sectors. His responsibilities span across executive leadership, financial strategy and stewardship, cash management, and portfolio-level analysis. Nik oversees due diligence, compliance, and financial reporting, ensuring accuracy and transparency, vital for investor confidence and regulatory adherence.

• Mentor employees by providing education and projects that further develop their capabilities, guiding them in the career paths of their choice while ensuring the company mission is followed.• Selection of accounting software system and ancillary analytical systems, and fully-engaged implementation spearhead in the absence of the Chief Information Officer.• Development of key performance metrics and financial reporting through a newly implemented data analysis tool based in automation.• Create dynamic reports that incorporate metrics and trends to facilitate strategizing to optimize company performance.• Enhance joint venture financial reporting in a new format based on the automated extract systems. • Monitor cash and working capital, and forecast same, to ensure funding sources are available for upcoming projects and continued daily operations.• Work with lenders for new and renewed debt facilities while optimizing the capital stack, and evaluate properties for potential recapitalization to generate additional funds for future projects.• Work with the construction team to manage budgets, monitor revenue generated, and timely close projects so tax benefits can be secured.• Consult with tax preparers to maximize benefits and project future tax liabilities.• Engage tax consultants for cost segregation studies to further capitalize on deduction opportunities.• Facilitate dispositions and use of 1031 exchange transactions to recycle funds with tax deferment. • Manage human resources personnel and write job descriptions in coordination with HR personnel.

• Ensured timely and accurate billings are in place, with emphasis on collections. • Managed the close process and present results to management.• Developed management reporting, budgets, and forecasts.• Strategized on improving return on investment on marketing dollars spent. • Monitored cash balances and projected forward cash flows to guide strategy. • Worked with tax preparers to provide timely and accurate financials for filings.• Focused on process improvement and documentation, cross training, and staff development.• Collaborated with insurance broker to ensure all company assets are efficiently protected and potential risks and exposures are mitigated.• Financial management of other entities held in the family office.

• Focused on timely and accurate billing, with emphasis on accounts receivable and collections. • Managed the close process and presented results to property directors and management.• Developed management reporting for private equity investors, management, and properties.• Developed and monitored financial and key performance indicator budgets and forecasts.• Created and updated financial models and projections for new business units.• Strategized with directors and marketing to optimize spend and maximize revenues. • Monitored cash balances and projected forward cash flows to guide strategy. • Worked with tax preparers to provide timely and accurate financials for filings.• Staffed and mentored the accounting team, resulting in a promotion with a 35% pay increase.

• Reviewed portfolio performance and key metrics with property teams and executives.• Created pro formas calculating returns and optimizing the capital stack, including waterfall/promote structures, used for decision analysis for sponsor and investors for new assets.• Made capital calls and distributions.• Developed and implemented operating and capital budgets.• Communicated development and operating property updates to management and investors.• Maintained relationships with banks, attorneys, auditors, and other outside advisors.• Reviewed loan, operating, and sale agreements ensuring sponsor protection and maximizing returns.• Ensured company risks were minimized and adequate protections were in place. • Led the process for property and portfolio sales.

• Forecasted cash flows to assist in formulating the company’s strategic and tactical initiatives.• Managed and developed a staff of nine, including managers and analysts.• Oversaw the property, capital and corporate accounting function ensuring the accuracy and timeliness of financial information presented to private equity partners and management.• Provided financial information and worked with auditors of the private equity partner. • Developed operating and capital budgets, as well as business plans for the upcoming year.• Calculated partner distributions and internal “promotes” based on asset performance with IRRs.• Maintained key relationships with banks, auditors, tax advisors, and other stakeholders.• Monitored cash and leverage positions assuring compliance to covenants and reporting requirements, and ensure the capital structure is maintained at the appropriate level.• Mentored a manager resulting in her promotion to Director of Accounting.• Assisted in the disposition of over $400 million in assets through portfolio sales.

Manager, Corporate Finance 2007 – 2012• Worked with Accounting and Legal to prepare SEC S-11 new REIT registration documents.• Facilitated improvement of Senior Management, Board of Director, and SEC 8K “Supplemental” reporting through automation, cutting process time by 75% and improving overall accuracy.• Enhanced cash forecasting to predict the company’s liquidity position.• Developed a platform guiding the strategy for $27 billion worth of assets, resulting in the spin-off of a new publicly-traded company with $1.5 billion in assets.• Created numerous ad-hoc analyses, including a Black-Scholes model for warrant valuation.• Lead a team of analysts, three of which were direct reports.Senior Financial Analyst, Joint Ventures• Prepared quarterly and annual reports for a $2 billion portfolio for joint venture partners, which contained fair market value financial statements and equity reconciliations.• Modeled ten-year cash flows for $5 billion in assets using Dyna software, which are the bases for budgets and valuations.• Worked with Asset Management to develop buy/hold strategies.• Sensitivity analysis, impairment analysis, and other ad-hoc analyses.

• Closed the books on several entities through consolidation for numerous entities.• Preparation of financial reports, including income statements, balance sheets, and cash flows.• Negotiated and arranged financing and refinancing facilities, collateralized debt and ensured covenant compliance. • Engaged in two 1031 like-kind exchanges for aircraft.• Forecasted short and long-term cash needs for several entities. • Researched investment opportunities, including commercial paper and private exchange funds.• Developed and implemented the annual budget while creating long-term solutions. • Maintained relationships with external investors, partners, local counsel, bankers, and auditors.