Themis Michalakos

Themis Michalakos Email and Phone Number

CPA / Real Estate, Housing & Hospitality Finance Exec. @ New Urban Development, LLC
Themis Michalakos's Location
Miami, Florida, United States, United States
Themis Michalakos's Contact Details

Themis Michalakos personal email

n/a
About Themis Michalakos

CPA with significant finance & accounting experience in real estate, home-building, construction and hospitality in positions ranging from accounting supervisor to Controller and CFO for projects ranging up to $300 million. Audit and tax experience in a national public accounting firm. Multi-faceted, personable team leader partners with owner/managers to lead financial functions with loyalty and integrity to achieve organizational goals and objectives. Big picture thinker with initiative, dynamic and fluid responses to changing priorities. Participates in sound management decisions leading to cost savings, enhanced revenues and increased asset values. Establishes credibility and accountability with owners, investors, managers, lenders, contractors and vendorsSpecialties: GAAP, tax, management and SEC reporting; Customized management and flash reports; Financial pro-forma models with narrative summary; Cash flow discounting; Valuation calculations; Return analysis: IRR, NPV, ROE, ROI; Due diligence; PPM materials and assists with raising private equity and debt financing.Windows, MS Office: Excel, Word, Power-Point, Various industry software systems: Yardi, AccPac, McCosker, FAST, Pro-Ject, Argus.

Themis Michalakos's Current Company Details
New Urban Development, LLC

New Urban Development, Llc

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CPA / Real Estate, Housing & Hospitality Finance Exec.
Themis Michalakos Work Experience Details
  • New Urban Development, Llc
    Cfo
    New Urban Development, Llc Oct 2016 - Present
    A subsidiary of the Urban League of Greater Miami, New Urban Development specializes in building and managing quality, affordable housing for families within Miami's urban core.Overseeing all aspects of financial administration, including: financial reporting; cash flow management; payroll & human resources and compliance with affordable housing regulations. Assist in strategic planning, budgeting and development goals.
  • S & K Worldwide Realty, Llc
    Finance & Accounting
    S & K Worldwide Realty, Llc Nov 2011 - May 2016
    S & K (Schepeler & Kahl) began in 1824 in Germany as a food wholesaler and retailer. The company is a conglomerate of family owned businesses, related companies and partnerships that own, develop and manage industrial and commercial real estate investments in the U.S. Over the past 30 years, in Florida, S & K has invested more than $650 million in more than 5,000 acres of land as well as office, industrial, and retail facilities.Successfully resolved or restructured 24 troubled purchase money mortgagesCreated and maintained lease documents and lease files based on LOI's & lease memoranda, including lease renewals & modificationsBilled and collected lease commissions for internal entities, paid external co-op brokersMonthly, quarterly & annual financial reporting to ownership, with variance analysisAnnual budgeting and maintenance of annual benchmark operating ratios & statisticsCash flow projections and pro-formas connected with due diligence valuation, refinancing and partner distributionsCapital budget timing of building improvements, tenant allowances and lease commissions
  • One Bal Harbour Resort & Spa / Now Ritz Carlton
    Director Of Finance
    One Bal Harbour Resort & Spa / Now Ritz Carlton Oct 2009 - Nov 2011
    Bal Harbour, Fl, Us
    Luxury condo/hotel developed by WCI communities bought out by private equity in June 2009.Assessed and supervised staffing, policies & procedures and lead financial operations of the propertyDeveloped and administered annual operating budget of $23M+ Managed cash flow, payroll, vendors, contractors and suppliersPrepared financial analyses, budgets, forecasts and projectionsPrepared rental program statements for hotel unit owners in the rental programSupervised annual billings of $10M for shared operating, maintenance and repair costsOversaw accounting & reporting for the hotel condo association and the residential condo association
  • The Related Group, Miami, Fl
    Project Controller
    The Related Group, Miami, Fl Oct 2008 - May 2009
    Miami, Fl, Us
    Coordinated and oversaw proper recording of financial transactions, construction draws, sales closings and escrow-deposit accounting of four private equity partnerships, each up to $350MReported monthly financial operating results compared to budget and explained variancesManaged monthly cash flow and determined operating cash funding needsAssisted in year-end audit of financial statements
  • Skyline Equities Realty
    Director Of Finance & Accounting
    Skyline Equities Realty Dec 2003 - Oct 2008
    Last Position: Director of Finance & AccountingHired Position: Comptroller & Director of Internal AuditMaintained and expanded network of debt and equity financing contactsAssisted in raising private equity and placing debt for projects up to $200MCoordinated & prepared PPM materials and made presentations to raise private equityPrepared financial proforma models with return calculations and timing sensitivitySuccessfully resolved IRS tax issues, saving or eliminating penalties, fees & interestReduced time and costs of external audits and tax work by 50%Supported leasing, financing and asset dispositions through performance of due diligence workLead and raised performance level of accounting and finance functionsIdentified and mitigated weaknesses in financial reporting and controlsManaged principal's personal finances and tax transactionsMaintained and updated principal's personal financial statement
  • Joseph Freed And Associates, Llc
    Financial Analyst
    Joseph Freed And Associates, Llc Mar 1999 - Oct 2002
    Us
    Assisted in coordinating acquisition financing, dispositions and redevelopment financing for projects up to $300 millionEffective financial presentations leading to TIF awards to close financing gaps of up to $80 million, minimizing at-risk equityIdentified risks, quantified financial structure and measured returns against investment criteriaFinancial proformas with narratives and return analysisDeveloped and maintained historical pricing, cost and return metricsConducted property site visits and interviews with other professional disciplines to assess market values and potential risks
  • Cmc Heartland Partners
    Controller
    Cmc Heartland Partners Feb 1998 - Oct 1998
    Converted computer system from FAST to McCosker in 90 days vs. standard 180 daysGAAP and SEC financial reporting Forms 10K and 10QManaged cash flowMaintained lines of creditAccounted for construction draws
  • Hartz Construction Company
    Controller - Treasurer
    Hartz Construction Company Jan 1992 - Jan 1998
    Last Position: Controller / TreasurerHired Position: Assistant ControllerAnnual sales closing volume ranged $65M to $80MImproved credibility in GAAP and tax accounting and reporting for 3 construction entities 8 joint venturesAdministered equipment leasing and risk management/insurance programsSupervised reporting for 10 condo associations and system conversion to enhance and standardize financial reportingPrepared sworn contractors statements and construction draw requestsAccounted and reported for development and construction loansSales and profit analysis; job cost accounting and reportingProcess profit split payments among entities and venture partnersManaged weekly cash flow and credit needsEarnings and cash flow projections for startup projectsFinancial proformas for principal's commercial investment properties
  • Zeller Realty Corp.
    Controller
    Zeller Realty Corp. Mar 1990 - Sep 1991
    Chicago, Il, Us
    Project values ranged $80M to $200MSupported financing by developing in-house asset valuationsAdvised and paid partners' capital, fee and income splits per agreementManaged cash, banking and credit linesGAAP and tax financial reporting and budgetsMonthly construction drawsPrepared due diligence financing packagesMaintained owner's personal financial statement
  • Jmb Realty Corp.
    Accounting Supervisor
    Jmb Realty Corp. Feb 1988 - Mar 1990
    Supervised 9 on-site accountantsReviewed and analyzed monthly GAAP financial reportsSupervised development accounting, loan draws and lease commission billings
  • Jmb Realty Corp
    Partnership Accountant
    Jmb Realty Corp Apr 1986 - Feb 1988
    Prepared GAAP and SEC financial reports forms 10K and 10QAnalyzed cash flowPerformed current value computations and annual due diligence workPrepared annual operating budgets and income tax projections
  • Arthur Andersen & Co.
    Tax Consultant
    Arthur Andersen & Co. Jan 1985 - Apr 1986
    Tax compliance & planning and wealth planning for owner-operated businesses and their principalsAnalyzed tax and economic benefits of their investments in real estate limited partnerships
  • Arthur Andersen & Co.
    Sr. Staff Auditor
    Arthur Andersen & Co. Jul 1982 - Jan 1985
    Tested accounts and internal controls of insurance, leasing and financial services clients

Themis Michalakos Skills

Financial Analysis Financial Modeling Cash Flow Due Diligence Valuation Gaap Tax Sec Filings Property Management Real Estate Asset Managment Real Estate Development Budgets Financial Reporting Acquisitions Accounting Finance Real Estate Economics Auditing Internal Controls Investments Mergers And Acquisitions Corporate Finance Asset Management Private Equity Cpa Disposition Internal Audit Commercial Real Estate Start Ups Analysis Management Leadership Strategic Planning Investment Properties Financial Statements Contract Negotiation Variance Analysis Budgeting Payroll

Themis Michalakos Education Details

  • Depaul University
    Depaul University
    Accounting
  • Taft High School
    Taft High School
    College Preparatory

Frequently Asked Questions about Themis Michalakos

What company does Themis Michalakos work for?

Themis Michalakos works for New Urban Development, Llc

What is Themis Michalakos's role at the current company?

Themis Michalakos's current role is CPA / Real Estate, Housing & Hospitality Finance Exec..

What is Themis Michalakos's email address?

Themis Michalakos's email address is th****@****uth.net

What schools did Themis Michalakos attend?

Themis Michalakos attended Depaul University, Taft High School.

What are some of Themis Michalakos's interests?

Themis Michalakos has interest in Politics, Education, Arts And Culture.

What skills is Themis Michalakos known for?

Themis Michalakos has skills like Financial Analysis, Financial Modeling, Cash Flow, Due Diligence, Valuation, Gaap, Tax, Sec Filings, Property Management, Real Estate, Asset Managment, Real Estate Development.

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