Randy Warner Email & Phone Number

Charleston, South Carolina

Developer - 126 room Cambria Hotel. We identified a 2.94 acre site that met Choice Hotels Cambria site guidelines, we negotiated a purchase contract that was contingent on all approvals. Charleston has a well deserved reputation for having a very hard design and entitlement process. We successfully designed, entitled the project through all design and approvals. We broke ground in the Fall of 2017 and are set to open in the Spring of 2019.

Watford City, Nd

My partner and I went to Watford City, North Dakota which is in the heart of the Bakken Oil Shale. We went with the intent on building workforce housing. Several factors led us to adjust our strategy. Due to the brutal winter weather, the building season is just six months long, which meant that it would take two building seasons (24 months) to deliver finished products. This long delivery time would have dramatically increased the risk of the boom stalling. What we found is that there was significant demand for planned and permitted parcels that had water and sewer available to the site. In the fall of 2011, we gained identified a 75-acre site, planned and permitted, and placed it under contract. In June 2012 we sold the parcel for 3x what we purchased. In August 2012, we placed a 300-acre site in Watford City under contract. The contract was contingent on all necessary entitlements. We master planned the entire 300 acres with a mixture of single-family lots, multi-family, hotels, retail and industrial uses. We received our full entitlements in April 2013 and had a simultaneous closing for the entire tract May 2013. At closing, we sold our contract for the 300 acres for 75% more than our contracted purchase price. It was a simultaneous closing, we sold it without ever taking title to it.

Bakken Oil Shale - Watford City, Nd

During the winter of 2011 - 2012, I identified an opportunity to develop a portfolio of billboards (digital and static). I partnered with a friend from Florida in developing an asset-light strategy where we identified desirable locations, determined entitlement risks (zoning, spacing, and building permit issues), contacted property owners, negotiated ground leases, and permitted the sites. In 30 months we created a portfolio of 91 Ground Leases & Permits and we sold the entire portfolio for $4,000,000. We never owned a location and we never built a single billboard. During the course of the endeavor, we had to sue the city of Williston for placing an illegal moratorium on new billboards which failed to grandfather 6 highly desirable locations that we had submitted for permits prior to the moratorium. We won the lawsuit and got our six locations permitted as well as $100,000 in attorney's fees.

Partnered with several members of the Murchison family. We purchased failed subdivisions in Houston and Atlanta. We're still liquidating several of the properties.

Sourced debt and equity for Commercial Real Estate. I was responsibilities for everything (modeling, underwriting packaging, and closing) except sourcing the deals. Deal sizes ranged from $5,000,000 to $50,000,000.

I was recruited by Homestore.com to be the VP of Product Development for subsidiary Homebuilder.com. Joined pre-IPO and helped build out our product offerings for the new home industry. We had a very successful IPO and established Homebuilder.cm as the largest new home website on the web at the time.

Nation's leading consulting company for the housing industry. Led the successful expansion into Florida. Presenter at national, state and local conventions. Great training on how real estates markets grow and how that growth creates demand for new real estate development.

Tampa/St. Petersburg, Florida Area