J. Richard Budd

J. Richard Budd Email and Phone Number

Chief Executive Officer @ AIRN Management Co LLC
United States
J. Richard Budd's Location
United States, United States
About J. Richard Budd

Highly experienced commercial real estate executive with CEO, as well as advisory, roles in office, residential and multifamily land restructurings and dispositions.

J. Richard Budd's Current Company Details
AIRN Management Co LLC

Airn Management Co Llc

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Chief Executive Officer
United States
J. Richard Budd Work Experience Details
  • Airn Management Co Llc
    Chief Executive Officer
    Airn Management Co Llc
    United States
  • Nria (National Realty Investment Advisors)
    Chief Executive Officer
    Nria (National Realty Investment Advisors) Aug 2022 - Present
    Secaucus, New Jersey, Us
    • Led the transition from COO to CEO post-Chapter 11, overseeing the creation of AIRN Management LLC and AIRN Holdco LLC.• Collaborated with Debtors and Unsecured Creditors Committee to ensure smooth transition and approval of new roles.• Implemented strategic decisions to navigate the wind-down process and drive recoveries for NRIA investors
  • Jr Budd Co., Inc.
    Principal Owner
    Jr Budd Co., Inc. Feb 2020 - Jul 2022
    Advisor and Crisis Manger to Investors & Stakeholders in :Commercial Real Estate restructuringsMultifamily dispositionsSingle Family RentalsHospitality assets
  • Cerberus Capital Management
    Senior Operating Executive
    Cerberus Capital Management 2007 - 2020
    New York, Ny, Us
    • Led commercial real estate workouts and multifamily dispositions, overseeing timeshare/hospitality investments for Silverleaf Resorts, Inc and Exploria Resorts, Inc.• Chaired board of director positions for various companies, including First Key Homes, specializing in single-family rentals.• Developed strategic plans and executed successful transactions in the Greater New York City Area.
  • Gmac/Residential Capital Corporation Owned By Cerberus Capital
    Senior Vice President
    Gmac/Residential Capital Corporation Owned By Cerberus Capital 2008 - 2011
    • Led the Business Credit Group as the largest US residential land lender with $5B in investments.• Managed US land disposals and chaired the Special Assets Group.• Interfaced with the Federal Reserve on Classified Assets.
  • Marotta Gund Budd & Dzera, Llc
    Partner
    Marotta Gund Budd & Dzera, Llc 2000 - 2007
    New York, New York, Us
    • Led distressed company advisory and crisis management in various industries such as commercial real estate and healthcare.• Developed strategic plans for clients to navigate financial challenges and operational issues.• Achieved successful turnarounds for multiple companies, resulting in increased profitability and sustainability.
  • Metallurg Holdings Inc.
    Chief Restructuring Officer
    Metallurg Holdings Inc. 1995 - 1999
    Wayne, Pennsylvania, Us
    • Coordinated bankruptcy reorganization and plan confirmation for Metallurg Holdings Inc.• Led public debt offering and Commercial Real Property Dispositions.• Oversaw eventual sale of company, ensuring smooth transition and maximizing value.
  • Zolfo Cooper
    Senior Consultant
    Zolfo Cooper 1994 - 1995
    New York, Ny, Us
    Distressed Advisory Consultant:Retail Lease Restructurings NYC
  • Abn Amro Bank N.V.
    Chief Executive Officer, Euram Management, Inc.
    Abn Amro Bank N.V. 1990 - 1993
    Amsterdam, Nl
    • Led the liquidation of classified real estate assets, including residential land investments and commercial office restructurings, resulting in successful completion of ABN AMRO's "Bad Bank" project.• Managed multifamily joint ventures to maximize profitability and minimize risk for Euram Management, Inc.• Developed strategic plans to optimize asset value and ensure efficient liquidation processes.
  • European American Bank
    Executive Vice President
    European American Bank 1983 - 1990
    • Led Commercial Asset Recovery Group & Commercial Real Estate Group, overseeing credit and asset-liability committees.• Acted as Chief Liaison with Federal Reserve and NY State Banking Examiners.• Implemented strategies to optimize asset recovery and real estate investments for European American Bank.

J. Richard Budd Education Details

  • Rider University
    Rider University
    Finance

Frequently Asked Questions about J. Richard Budd

What company does J. Richard Budd work for?

J. Richard Budd works for Airn Management Co Llc

What is J. Richard Budd's role at the current company?

J. Richard Budd's current role is Chief Executive Officer.

What schools did J. Richard Budd attend?

J. Richard Budd attended Rider University.

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