Expert in Managing Principal
Expert ID: 735763 Maryland, USA
Desiring to broaden his knowledge of property ownership and financing techniques, Expert earned a masters’ degree from the University of Denver in 1990 in real estate and construction management. Relocating to California, Expert worked in the institutional apartment industry performing market research and managing commercial and multifamily portfolios throughout southern California before relocating to Maryland to oversee the asset management of a nationwide real estate portfolio of equity investments, foreclosures and loan workouts.
Expert started his own Baltimore-based real estate brokerage firm in 2000 which grew steadily by specializing in investment transactions. In addition, Expert began his own mortgage lending firm in 2003 specializing in private mortgages and in 2010 expanded into loan servicing.
In 2011, Expert joined a Baltimore-based real estate owner-operator as its acquisition and asset management officer for its $50 million portfolio, eventually becoming its director of investments overseeing all phases of commercial and multifamily acquisitions, asset management, financial analysis, due diligence, financing, commercial leasing, mortgage note management and loan servicing to the portfolio’s eventual growth to $350 million.
In 2017, Expert started Amberstone Capital, a private equity firm dedicated to forming strategic partnerships to provide liquidity to real estate transactions in targeted markets nationwide to acquire multifamily and industrial properties. Amberstone and its strategic partners intend to ultimately build programmatic portfolios with the goal to sell them into a REIT or other public institutional platform.
Expert may consult nationally and internationally, and is also local to the following cities: Baltimore - Washington, DC - Philadelphia - New York - Richmond
|Year: 1990||Degree: Masters||Subject: Real Estate & Construction Management||Institution: University of Denver|
|Year: 1984||Degree: Bachelors||Subject: Business||Institution: University of Minnesota|
|Years: 2017 to Present||Employer: Undisclosed||Title: Managing Principal||Department:||Responsibilities: I founded a firm providing real estate, debt, equity, and leasing services for investment property transactions across the Mid-Atlantic region. I positioned the business strategy, people, and processes to assist clients to maximize their wealth, and I have forged a robust partnership network of investors, sellers, and brokers to build business in high-value real estate transactions. I identify undervalued investment opportunities and assist our clients in acquisitions, development, financing and strategic positioning of the assets with the ultimate goal of monetizing the value created.|
|Years: 2011 to 2017||Employer: Blue Ocean Realty||Title: Director of Investments||Department: Acquisitions, Capital Markets, Asset Management||Responsibilities: Shepherding the company into a regional leader, I strategized a business plan, boosted the caliber of team talent, streamlined processes, and refreshed the brand to build recognition in the real estate industry.
► In managing the investments portfolio, I generated a 67% return on assets, boosted revenue by 200% per transaction, and increased revenue 212%.
► I grew the lender base, adding Fannie Mae, Freddie Mac, CMBS, and Life companies to produce 60 loans valued at $225M+.
Business Development & Growth
► Multiplying the company portfolio value 600%, we gained 1.8M sq. ft. of commercial space in 6 years.
► I accelerated the prospecting process 30% through new CRM software.
► Driving annual transaction volume up 500%, I hired underwriters, a transaction coordinator, a lease administrator, and a transaction attorney at zero cost who was billed back to all transactions.
► I generated millions from investors to facilitate the purchase of $20M+ in properties through savvy relationship-building. I also reduced the submission of loan requirements to 1-2 brokers.
► I proposed and influenced leadership buy-in to develop property budgets to strengthen cost control.
► To boost efficiency, I instituted cross-departmental peer reviews, improved training, and customized reports. I also overhauled the server filing system, slashing required workforce efforts.
► Onboarding time shrank from 2 weeks to 3 days after I instituted post-closing summaries for stakeholders.
► I conserved $800K in annual interest payments and found refinance opportunities by outlining asset management procedures, assessing profitability by product type, and generating mortgage abstract tracking tools.
|Years: 1997 to Present||Employer: Undisclosed||Title: President||Department:||Responsibilities: I launched Planters Realty initially targeting commercial and residential investments and sales. The company has been replaced as an operating company, Amberstone, which owns interests in 12 properties.
► Facilitating the break into 3 markets in 1 year and shortening market study time 66% for sale and lease prospects, I meticulously analyzed and identified undervalued properties, including evaluating every property with over 100 units in 50 markets.
► I multiplied sales to $250M and hired personnel to accommodate business growth.
|Years: 2003 to Present||Employer: Undisclosed||Title: President||Department:||Responsibilities: A founding member of this private mortgage and bridge lender, I steer operations for providing liquidity to renovation projects. The firm has originated 79 loans to date and has $332M in loans related to the acquisition, disposition, origination, and servicing of commercial mortgage loans.
► Gaining rapid start-up traction, our team generated a 340% annualized return on 32 loans worth $11.6M. This was achieved by buying and selling non-performing loans and introducing an automated underwriting system.
► I raised $1M+ in funding by combining a high-impact marketing campaign with aggressive investor networking.
► Through expert identification and evaluation of investment opportunities, I have been instrumental in catapulting sales up 650% in 4 years.
|Licenses / Certifications|
|Maryland Real Estate Broker License
Pennsylvania Real Estate Broker License
District of Columbia Real Estate Broker License
Fields of Expertise
commercial real estate, commercial real estate practice, industrial real estate, real estate acquisition, real estate brokering, real estate commission dispute, real estate, real estate finance, real estate foreclosure, real estate lending, real estate marketability, real estate syndication, real estate transaction