Tim Hoeppner Email & Phone Number

Chicago, Illinois

Managing Director - Real Estate and Energy, 1999-2016• Conceptualized strategy for and executed construction of $1 billion co-mingled, fund-based institutional global real estate portfolio, which outperformed its benchmark over 16-year period by 87 basis points annually. o Implemented geographic diversification by investing 50% of capital in U.S., 20% in developed Europe, 15% in developed Asia, and 15% in emerging markets, including Brazil, Russia, India, China, and South Africa. o Traveled extensively to all locations.• Strategized and executed construction of $480 million co-mingled, fund-based institutional global energy portfolio, which outperformed its benchmark over 16-year period by 628 basis points annually. o Implemented geographic diversification by investing 50% of capital in continental on-shore U.S., 10% in Gulf of Mexico, 10% in Canada, 5% in Europe/Asia/Africa/Middle East, and 25% in oil field services and midstream infrastructure.• Executed investment of $100 million in other real asset private investments, including timber, farmland, water rights, quarries, and vineyards.• Represented MacArthur Foundation on 50+ Limited Partner Advisory boards. Director, Real Estate Finance, 1993-1999• Spearheaded divestiture of $1 billion direct-owned, legacy real estate portfolio consisting of 4,000-unit New York residential rental portfolio, 3,500-unit San Francisco residential rental portfolio, 45,000-acre Florida land portfolio, and various other retail, office, and land assets in other locations around country.• Implemented extensive value-added programs, including major renovations, significant leasing, and market repositioning to achieve premium pricing. Asset sales significantly exceeded appraised values and investment committee expectations.

Chicago, Il

KEY ACCOMPLISHMENTS:• Designed and constructed $1 billion global institutional real estate portfolio, placing commitments of $2 billion with 60 real estate managers in 141 separate fund investments and co-investments.• Designed and constructed $480 million global institutional energy portfolio, placing commitments of $840 million with 17 energy managers in 51 separate fund investments and co-investments.• Invested over $100 million in timber and other natural resource funds. • Invested in all real estate strategies, including core, core-plus, value-added, and opportunistic, and all real estate property types, including office, industrial, multi-family, retail, hotels, medical office, senior housing, student housing, self-storage, parking, resort and golf course development, low-income housing, and land development.• Invested extensively in international real estate in both the developed and the emerging markets.• Invested across various energy strategies, including upstream direct reserve accumulation, royalty accumulation, oil field services, midstream infrastructure, and shallow-water emerging market license accumulation. • Placed energy investments in the continental on-shore United States, the Gulf of Mexico, Canada, Europe, Asia, Africa, and the Middle East. • Negotiated and completed multiple all-cash secondary sales of real estate limited partnership interests totaling over $200 million.

Chicago, Illinois

Vice President – Finance/Senior Asset Manager, 1989-1992• Directed activities of 30 people in marketing, property management, and accounting.• Developed business plans for 50 projects, and managed budgets totaling $65 million.• Negotiated and implemented capital transactions of over $400 million, including $150 million in refinances, $40 million in sales, and $210 million in restructurings. This resulted in a decrease in contingent liabilities of 70%, an annual reduction of fees paid of 15%, and an annual increase in cash flow of $1 million. Regional Controller, Milwaukee, Wisconsin/Chicago, Illinois, 1986-1988• Supervised accounting functions (ten employees), and hired and terminated personnel.Internal Audit Senior, Dallas, Texas, 1985-1986.

Dallas, Texas

• Completed audits in energy, financial services, and real estate.