Ray Pacini Email & Phone Number

Reno, Nevada, US

Modiv Industrial, Inc. (NYSE: MDV) is an internally managed real estate investment trust (“REIT”) that acquires, owns and manages a portfolio of single-tenant net-lease industrial manufacturing real estate properties.

Cadiz (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a variety of innovative water supply, storage, conveyance and treatment projects. Also served on Compensation Committee and Corporate Governance and Nominating Committee.

Left the board to become CFO of the advisor and affiliated REITs - Modiv Inc., Rich Uncles Real Estate Trust I and BRIX REIT.

• Northbound helps young adults (18 - 35) overcome addiction to drugs and alcohol. I joined Northbound to help them manage their growth.
• Implemented NetSuite ERP and Adaptive Planning systems in first 100 days, which significantly improved quality and timeliness of financial reporting, planning and analysis.
• Directed all Finance, Accounting, Tax, Human Resources and Information Technology operations.

Irvine, CA, US

• Directed corporate strategy and management of residential land development and homebuilding company (formerly publicly-traded on NASDAQ: CALC until April 2010).
• Negotiated complex political and environmental process to obtain California Coastal Commission approval in 2005 for controversial 356-home residential community located in Huntington Beach, CA after 20-year entitlement.
• Negotiated sale of 100 acres to State of California's Wildlife Conservation Board for $65 million, which closed in 2005.
• Grew business from revenues of $2.1 million in 1998 to $129.5 million in 2005, and from 1998 loss from continuing operations of $(2.3) million to net income of $28.4 million in 2005.
• Increased equity market cap from $27 million in 2000 to $400 million in 2005.
• Completed $225 million debt financing with syndicate of banks in 2006 to fund $125 million for $12.50 per share special dividend to stockholders and $100 million for construction of 356-home residential project.

Metalclad had $18 million in revenues and was in the waste management, asbestos removal and insulation businesses. Also served on the Compensation and Nominating Committees.

• Commercial and residential real estate development company.
• Negotiated $33 million sale of commercial development business in 1998.
• Restructured $210 million of publicly traded PIK debentures and other liabilities through debt for equity exchange via prepackaged bankruptcy in 1997.
• Negotiated with numerous State and Federal agencies from 1994 – 1977 and completed sale of 880 acres to State of California for $25 million plus assumption of liability for wetlands restoration.
• Negotiated acquisition of a homebuilding company in 1994, a management agreement with a second homebuilder in 1995 and a joint venture agreement with a third homebuilder in 1996.
• Negotiated $60 million sale of timber subsidiary and other asset sales in 1993.

Residential land developer formerly known as Henley Properties Inc.

Diversified real estate development company with residential, office, industrial, hotel, golf course, marina and timber properties, and operations in California, Hawaii, Michigan, Wisconsin and New Hampshire.

Fortune 500 Conglomerate focused on mergers, acquisitions and spin-offs. Companies included aerospace, refuse-to-energy, manufacturing of specialty chemicals and automotive parts, medical products, rail car leasing and real estate.

GB

• Fast-track promotion to manager in less than four years.
• Directed audits of a variety of high-technology companies, telecommunications company, manufacturer of container products, truck leasing business and City of Boston.

GB

Mba, Finance And Accounting

Ba, Political Science