Tom Fischer Email & Phone Number

San Francisco Bay Area

Responsible for JB Matteson's financing and investment activities.

San Francisco Bay Area

Responsible for new multifamily investments as well as asset management of JB Matteson’s existing Southern California and Bay Area assets.

Strategy/Portfolio Management > Identified and executed macro driven investment strategies (e.g. demographics and senior housing)> Negotiated fee structures and governing documents for new separate account/fund managers. > Active oversight of separate account managers/investments (9 managers / 50+ investments) and co-mingled funds (25+). Proactively participated in investor conferences/advisory council meetings to ensure alignment of interests and performance-maximization of general partners and fund managers. > Through regular monitoring of asset-specific performance and top-down market conditions, successfully assisted Real Estate Managing Director in identifying assets for sale/hold/refinance, achieving benchmark-beating performance over the trailing 1-, 3-, and 5-year time-frame. > Established and nurtured relationships with plan sponsors, endowments, consultants and operators. Acquisitions > Underwrote, obtained investment committee approval and closed on >$600MM of equity commitments across multiple product types (office, student housing), vehicles (co-mingled funds, separate account acquisitions), and strategies (core, value add, opportunistic). Asset Management > For 560,000 RSF office investment, negotiated >190,000 RSF leases representing >$50MM consideration at rates >8-10% pro forma, achieving since inception total returns of 17.4%. > Identified improvements, negotiated contracts and oversaw execution of > $10MM capital projects (e.g. elevator modernization, seismic retrofit, common area renovations) on-time and on- or under-budget. > Negotiated and closed ~$200MM non-recourse senior lien debt on two direct investments.

San Francisco Bay Area

Co-founded real estate investment operating company focused on West Coast value-add office and multifamily investments.Sourced and closed a vacant 50,000 SF office property in Berkeley, CA. Property sold in December 2016, achieving ~15% IRR and 1.5x equity multiple.

Sourced and capitalized an off-market value-add office investment in downtown Berkeley, CA.

San Francisco Bay Area

Real Estate Originations/Restructuring•Originated, structured, underwrote, securitized, and purchased $40MM of privately placed pass-through certificates (secured by senior mortgage loans on investment grade NNN-leased retail properties) and $85MM of privately placed tax-exempt bonds (secured by single family mortgages or casino gaming revenues). Generated 100bp+ return premium. •Led negotiations amongst multiple parties (issuer, borrower, and bond holders) to complete five real estate/asset-backed restructurings totaling $120MM in a timely and efficient manner. Municipal Bonds/General Credit Underwriting•Recommended pricing levels to portfolio manager, obtained credit approval from senior credit officer and purchased $1.3 billion municipal bonds covering 60+ issuers, including multifamily bonds (secured by FNMA/FHLMC insured mortgages), states (Washington), cities (Los Angeles), airports (SFO), utilities (Los Angeles Department of Water and Power), and school districts (San Diego USD)..•Maintained credit surveillance, tracked market performance and recommended buy/sell/hold decisions for $2.2 billion municipal bond portfolio with 70+ issuers. •Recommended sale of $40MM limited tax general obligation bonds and $25MM housing bonds prior to public downgrade, saving $3MM in losses.•Managed 3 direct reports and successfully mentored and promoted analyst to Vice President.

•Geographic coverage included the Bay Area, Southern California, and Denver.•Originated over $1 billion off-market or not widely marketed value-add multifamily and office acquisition opportunities. Subsequently negotiated purchase and sale agreement with sellers, oversaw due diligence, and equitized $590MM totaling 2,200+ units. Closed $165MM in three separate transactions totaling 900+ units.•Oversaw due diligence and closing of originated acquisitions, including competitive property analysis, third party and vendor inspections, title review, financial analysis, and investment committee package preparation.•Devised and executed asset-specific business plans for acquired properties (including level and cost of common area and in-unit improvements) in coordination with asset management. •Responsible for investment performance of acquired properties, including post-rehab rents, lease-up performance, operating expenses, and equity returns.•Negotiated terms and loan documents with national lenders (Wells Fargo, Wachovia, Nomura) for $390MM of debt financing, including floating rate bridge debt, fixed rate CMBS debt, mezzanine debt, and FNMA debt. Closed $125MM.•Oversight and career development of Acquisition Analyst.

•Sourced off-market and/or not widely marketed acquisition opportunities totaling over $300MM in Seattle, Sacramento, and Bay Area. Actively expanded geographic footprint into new markets.•Negotiated terms, documents and closed $168MM debt financing across eight acquisitions. Managed CMBS debt assumption process and closed three acquisitions totaling $62MM.•Managed due diligence and closing of acquisitions totaling $370MM across fourteen transactions. Modeled financial analyses on 85+ offers totaling over $2.8 billion. •Created organization’s proprietary pro forma financial model to evaluate all investment opportunities.

•Originated and wrote offers on 18 office and R&D properties totaling $225MM.Negotiated purchase and sale agreements on four transactions totaling $90MM. •Responsible for 125,000 square foot portfolio P&L performance and operations, including third-party leasing and property management. In six months, improved a 40% occupied, 60% leased office property to full occupancy in a 25% vacant sub-market by negotiating eight new leases, six lease renewals and four lease terminations totaling 65,000 square feet and $5.5MM lease consideration. Improved annual NOI by over $500,000.•Oversaw due diligence of all acquisitions, including underwriting, contract negotiations, third party inspections, and preparation of investment committee package.•Oversight and career development of Acquisition Analyst.

Mba, Real Estate, Finance

Activities and Societies: Berkeley Reat Estate Club, 1998 NAIOP Challenge

Bsba, Accounting And Finance