Real Estate Developer and Investor with successful 35-year track record in multi-family and single family properties. Currently operating in ten states. Skilled in deal sourcing and syndication, financial analysis, due diligence, property management, sales/marketing, design, and construction. Financially-driven, creative and cost effective approach with a focus on value-add improvements. Consistently delivers double-digit, internal rates of return with strong cash-on-cash distributions. Recent projects include:o Purchased, renovated, and sold 48-unit apartment complex. Investors achieved a 74% IRR and a 3.2x multiple on their investment in just over two years. o Purchased a 90-unit apartment building from a publicly traded REIT and fully renovated the common areas and all units. Annualized yield to date for investors has averaged 13%, net of Sponsor Promote. Cash out refinancing returned 92% of initial capital and IRR has surpassed 18% . o Repurposed a commercial building in downtown Denver, CO and converted to 29 studio apartments. Renovated 15 townhouse apartments in Norwalk, CT. Sold both properties in two years, achieving a 40% and 49% IRR respectively for investors. Multiple on investment was 1.9X and 2.3X respectively. o Created new residential subdivision with four single-family properties. Sold lot to developer to raise cash, built three 6,000+ sq. ft. homes, two of which have sold and the third is in process.Tom is also an experienced strategic business consultant and change agent with extensive experience developing and implementing consumer-driven growth strategies within diverse industries.
Listed skills include Strategy, Strategic Planning, Management Consulting, Competitive Analysis, and 37 others.