Experience

GK Real Estate

• United States
• Real Estate
• 1 - 100 Employee

• Chief Financial Officer

  • Nov 2020 - Present

  Barrington, Illinois, United States Primarily responsible for managing the company's finances, including; financial and tax planning, treasury management and investing, internal financial controls, risk management, and financial reporting. Supervises the accounting, finance and treasury departments. He is the financial spokesperson for the company while being fully integrated on the real estate development, property and leasing operations, acquisitions/dispositions teams. Lead member in fund/bond administration for all Reg A… Show more Primarily responsible for managing the company's finances, including; financial and tax planning, treasury management and investing, internal financial controls, risk management, and financial reporting. Supervises the accounting, finance and treasury departments. He is the financial spokesperson for the company while being fully integrated on the real estate development, property and leasing operations, acquisitions/dispositions teams. Lead member in fund/bond administration for all Reg A and Reg D Offerings. Leads internal audit as well as the external SEC driven audit & legal teams. Show less



Aegis Asset Management

• Chief Financial Officer

  • Sep 2018 - May 2020

  New York Provided strategic investment, financial and asset management duties as Chief Financial Officer for a $2B nationwide portfolio of office/retail/industrial properties for a Private Family Office. Property locations include New York City, Buffalo, Huntsville, Chicago, Denver, Park City & San Francisco. Focused on driving the Real Estate business intelligence capabilities of the Family Office Asset Management team and the 3rd party Management teams to increase NOI / Accretive Value with a… Show more Provided strategic investment, financial and asset management duties as Chief Financial Officer for a $2B nationwide portfolio of office/retail/industrial properties for a Private Family Office. Property locations include New York City, Buffalo, Huntsville, Chicago, Denver, Park City & San Francisco. Focused on driving the Real Estate business intelligence capabilities of the Family Office Asset Management team and the 3rd party Management teams to increase NOI / Accretive Value with a longer term legacy hold mindset. - Strategic coaching of 3rd party Management teams including; Property Management, Leasing, Project Management, Accounting and Tenant Services, while instituting long-range property specific NOI goals. Also, established team concept between Family Office Leasing and Portfolio Controllers with the 3rd party teams and Ownership to eliminate "silo effect". - Worked in unison with external CPA and law firms to implement Upper Tier trust tax savings and deferment strategies. - Restructured entire budgeting process at the property level, including accountability metrics, Internal Controls, bidding and approval processes. - Increased billings to tenants of OPEX and Tenant Service Orders by $2M per annum across the portfolio. Decreased building operating expenses by looking into deep strategic value vs. the need for incurring the expense and eliminated when necessary. - Strategically implemented a cost/benefit analysis on Capital Expenditures by building amenity spaces across the portfolio to increase tenant interest as well as increase value of buildings. - During COVID-19 pandemic, worked with tenants across the portfolio and developed an enhanced rent deferment program to allow tenants to maintain cash flow during this difficult time. Bettering tenant/landlord relationship for future. Show less



Bradford Allen

• United States
• Leasing Non-residential Real Estate
• 1 - 100 Employee

• Co-Owner / CFO

  • Jul 2012 - May 2018

  Greater Chicago Area Co-Owner & Chief Financial Officer of BRADFORD ALLEN • Member of Investment Committee • Lead Financial Executive in the underwriting of over $200MM in equity placed for 1.5MM square feet of commercial/retail and multi-family space in Louisville KY, Denver CO, Nashville TN, and Chicago, Lombard, Des Plaines and Lincolnshire IL. Developed the Acquisitions team to purchase these assets and the Investment/Asset Mgmt. team to analyze the market dynamics to maximize returns for… Show more Co-Owner & Chief Financial Officer of BRADFORD ALLEN • Member of Investment Committee • Lead Financial Executive in the underwriting of over $200MM in equity placed for 1.5MM square feet of commercial/retail and multi-family space in Louisville KY, Denver CO, Nashville TN, and Chicago, Lombard, Des Plaines and Lincolnshire IL. Developed the Acquisitions team to purchase these assets and the Investment/Asset Mgmt. team to analyze the market dynamics to maximize returns for Investors. Negotiated all JV Agreements and Waterfalls. • Lead Financial Executive in the negotiation of over $150MM in mezzanine and bridge debt placements for the recapitalization of a MOB in Grand Forks ND, ground-up multi-family developments in Nashville TN, Philadelphia PA, Oak Brook and Chicago IL, a skilled nursing facility redevelopment in White Plains NY, a ground-up hotel (Hyatt) in Iowa City IA. Developed the Debt Origination/Placement team for these developments and Commercial Mortgage Loan Servicing team to analyze and administer construction draws and cash flows needs to monitor the debt investments. • Developed both Asset and Property Management service units from inception for 100% owned, joint ventures and third party entities. Benefitting each investment with on-site best practices, detailed end-to-end accounting and reporting, investor correspondence, NOI Maximization, CAPX and TI expenditures, Cash-on-cash and IRR return analysis against ARGUS aquisition pro-forma. • Started core real estate service lines to maximize horizontal revenue generation on the above investments and placements including: Acquisition Fees, Debt Originations Fees (direct and correspondent), Asset/Property Mgmt. Fees, Agency Leasing, Construction Mgmt. and Loan Servicing Fees. • Developed critical banking relationships with Fifth Third NA, Regions, First Midwest and US Bank, BMO and CHASE, as well as servicer relationships on CMBS loans with Berkadia, Wells Fargo and Midland Loan Services. Show less



Marc Realty

• United States
• Real Estate
• 1 - 100 Employee

• Chief Financial Officer

  • Apr 2002 - Mar 2012

  Chicago, Illinois • Strategic partner of Executive Committee that grew MR's portfolio by 75+ assets, grew asset value by $350MM, and reduced operational and corporate costs in excess of $75MM. • Led financial reporting and operational management team initiatives guiding MR towards a more stabilized and harmonized landscape incorporating divisional and corporate short and long term financial plans. • Defined a more comprehensive financial reporting package for monthly lender, Ownership and JV… Show more • Strategic partner of Executive Committee that grew MR's portfolio by 75+ assets, grew asset value by $350MM, and reduced operational and corporate costs in excess of $75MM. • Led financial reporting and operational management team initiatives guiding MR towards a more stabilized and harmonized landscape incorporating divisional and corporate short and long term financial plans. • Defined a more comprehensive financial reporting package for monthly lender, Ownership and JV partner review using sound GAAP fundamentals and more complex budgeting techniques, cash flow, capital needs, and ROI model analysis to focus on promoting revenue enhancement synergies, cost savings and ensuring financial statement integrity. • Led overall Best Practices/Financial Internal Controls process initiative through evaluation, discussion and implementation across the all internal divisions to assist and maintain a better quality income producing asset, while also addressing functionality gaps and enhancements. Intensive review and implementation of new Internal Controls. • Led corporate financial level initiative to design, upgrade and implement overall executive level cash flow/capital needs modeling and financial tools to strategically assist Ownership with an overall better visualization of global MR financial positioning, including: cash flows from operating assets, lender financing critical dates and new debt initiatives, global capital outlays, joint venture partner equity infusion. Enabled MR to make more sound and supported decisions. • Significant experience of entire real estate asset ownership cycle: including acquisition, underwriting, debt and equity origination, ownership structure formation, base asset revenue growth, expense reduction, valuation, and strategic disposition. • Expertise in most asset types and classes; including Commercial, Retail, Industrial, Multi-Family, Hotel, Affordable Housing. • Administered Corporate 401(k) Plan as Trustee. Show less



Insignia/ESG (now CBRE)

• Regional Managing Director - Accounting & Operations

  • Nov 1997 - Apr 2002

  Midwest Region Regional Strategy Formation and Operations Management • Strategic planning and decision making in all aspects of the operations for a $50MM gross revenue real estate service regional hub for a parent company located in New York/South Carolina. Critical participation on key national finance, accounting and operational committees. Direct report to the Regional EVP and also National Corporate Controller. • Directed day-to-to accounting and financial reporting policy and… Show more Regional Strategy Formation and Operations Management • Strategic planning and decision making in all aspects of the operations for a $50MM gross revenue real estate service regional hub for a parent company located in New York/South Carolina. Critical participation on key national finance, accounting and operational committees. Direct report to the Regional EVP and also National Corporate Controller. • Directed day-to-to accounting and financial reporting policy and procedure, while being fully integrated with due diligence teams in externally growing the region through acquiring/merging other real estate brokerage and property management firms. • Led the due diligence and negotiation effort in the successful acquisitions of the Goldie B. Wolfe tenant representation brokerage firm, Hotel Partners, Inc, a hospitality brokerage firm, and select agency management contracts of Cohen Financial Services. Growing the gross revenue of the region from $20MM to $50MM. Implemented seamless transition and integration of the brokerage, management and support personnel. • Prepared and presented annual regional budget, financial and operating analyses and forecasts to a national audience including, President and CEO, Chief Financial Officer and Executive Committee. • Assisted in the development of a “managed brokerage” financial matrix used nationally for brokerage commission revenue forecasting and prospect tracking. • Managed and oversaw an annual operational budget of $20MM and an operating support staff of 75 support FTE personnel located across the region. • Assisted and guided various revenue division leaders with short term and long term strategy implementation, monthly divisional financial statement review and analysis. • Successfully saved the region $2MM annually in operating expenses by strategically re-engineering cost deployment and leveraging head count without undermining effectiveness to revenue producing divisions. Show less



Frain Camins & Swartchild

• Corporate Controller

  • Apr 1992 - Nov 1997

  Chicago, IL Company Financial Policy/Reporting & Growth/Exit • Daily interaction with Chief Operating Officer and Principles of firm, its affiliates and subsidiaries to strategically plan and enforce financial goals, policies and procedures. • Led financial management, banking, reporting and tax issue initiatives for entire portfolio. • Key member of FC&S Finance Committee spearheading financial performance benchmarking and cash flow analysis and timelines, executive summary tools and… Show more Company Financial Policy/Reporting & Growth/Exit • Daily interaction with Chief Operating Officer and Principles of firm, its affiliates and subsidiaries to strategically plan and enforce financial goals, policies and procedures. • Led financial management, banking, reporting and tax issue initiatives for entire portfolio. • Key member of FC&S Finance Committee spearheading financial performance benchmarking and cash flow analysis and timelines, executive summary tools and reports. • Participated in real estate consulting assignments including investment sale due diligence and analysis. • Led the due diligence team in the merger of FC&S into Insignia/ESG as their initial entrance into the Midwest Region – helping achieve a considerable exit value based on EBITDA multiple and maximun future integration Earn-Out achieved. Show less



Checkers Simon & Rosner, CPA's

• Supervisor/Senior Auditor

  • Sep 1988 - Apr 1992

  Chicago, IL • Participated and supervised all phases of audit, review and compilation engagements – Primary focus in Real Estate and Construction disciplines. Routinely scheduled staffing requirements, and came in under budget in engagement time and dollars. • Key audit assignments in Real Estate included; Frain Camins & Swartchild, Fifield Cos., Levy Distribution Centers. • Key audit assignments in Construction included: Kenny Construction Company, Percentage of Completion Audits in the… Show more • Participated and supervised all phases of audit, review and compilation engagements – Primary focus in Real Estate and Construction disciplines. Routinely scheduled staffing requirements, and came in under budget in engagement time and dollars. • Key audit assignments in Real Estate included; Frain Camins & Swartchild, Fifield Cos., Levy Distribution Centers. • Key audit assignments in Construction included: Kenny Construction Company, Percentage of Completion Audits in the construction of City of Chicago Deep Tunnel project, City of Chicago O’Hare Airport ATRA People Mover Rail System, City of Boston’s Harbor Deer Island Water re-filtration plant and tunnel system. • Other note-worthy assignments included; Auditing, closing and re-opening failed Savings and Loan Banks for the Resolution Trust Corporation (RTC). • Conducted corporate and individual tax planning and return preparation. • Top performing Senior Auditor Show less