J. Richard Budd Email and Phone Number
Highly experienced commercial real estate executive with CEO, as well as advisory, roles in office, residential and multifamily land restructurings and dispositions.
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Chief Executive OfficerAirn Management Co LlcUnited States -
Chief Executive OfficerNria (National Realty Investment Advisors) Aug 2022 - PresentSecaucus, 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 -
Principal OwnerJr Budd Co., Inc. Feb 2020 - Jul 2022Advisor and Crisis Manger to Investors & Stakeholders in :Commercial Real Estate restructuringsMultifamily dispositionsSingle Family RentalsHospitality assets
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Senior Operating ExecutiveCerberus Capital Management 2007 - 2020New 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. -
Senior Vice PresidentGmac/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.
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PartnerMarotta Gund Budd & Dzera, Llc 2000 - 2007New 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. -
Chief Restructuring OfficerMetallurg Holdings Inc. 1995 - 1999Wayne, 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. -
Senior ConsultantZolfo Cooper 1994 - 1995New York, Ny, UsDistressed Advisory Consultant:Retail Lease Restructurings NYC -
Chief Executive Officer, Euram Management, Inc.Abn Amro Bank N.V. 1990 - 1993Amsterdam, 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. -
Executive Vice PresidentEuropean 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
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Rider UniversityFinance
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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