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PRACTICAL EXPERIENCE

Areas of expertise include landlord and tenant representation, real estate brokerage, mortgage brokerage, consulting and expert witness services, and, property and asset management. Have supervised up to fifty people in four states and eight cities. Responsibilities and specific accomplishments include:

Landlord and Tenant Representation: Identify, analyze, negotiate and close lease transactions for single and multiple sites for a multi-national group of clients in principally retail and office properties throughout the State of Florida. Since 1995, lease transactions closed total approximately 450,000 square feet with an aggregate lease value of $35,543,000. Have or currently represent in excess of 7,000,000 square feet of office, retail, industrial and residential rental properties.

Real Estate Brokerage: Creation of two real estate brokerage businesses with multiple offices. Responsibilities included client development, product development, negotiation of option, purchase and sale transactions. Upon clientÕs request and after contracting for propertyÕs purchase, analyze, underwrite and prepare underwriting report. To date, acquisitions and dispositions of properties have an aggregate value in excess of $133,935,000.

Mortgage Brokerage: Responsibilities include client development, product development, administration and coordination of mortgage brokerage operation and identification of debt and equity sources through banks, mortgage and credit companies and conduit securitizations. To date, loans closed have an aggregate value of in excess of $93,000,000.

Consultation & Expert Witness: Responsibilities include conducting field work and preparing reports of physical condition, financial performance of subject property and/or general market; identifying and recommending revenue enhancing and cost savings concepts to maximize investment return; determining current leasing strategies, analyzing adequacy, and, identifying and recommending modifications; identifying and recommending practical and financial feasibility of potential capital expenditures and new lease transactions; assisting with and/or preparing cash projections in conjunction with restructuring of debt; determining adequacy of buy-out offer, estate value or limited partnership interest value; conducting forensic real estate analysis; and, providing testimony pertaining to engagement.

Property and Asset Management: Creation of two property management companies and one asset management division. Portfolio has or currently includes 2,400 residential rental units, 1,100,000 square feet of retail properties and 250,000 square feet of office buildings. Duties included overseeing physical condition and financial performance of up to twenty six properties; initiating revenue enhancing and cost savings concepts to maximize investment return; identifying practical and financial feasibility of potential capital expenditures and new lease transactions; preparing and reviewing cash forecasts to determine viability and timing of cash expenditures and distributions; and, reviewing property performance and market conditions to determine optimal timing for potential financing or sale.

 

EMPLOYMENT HISTORY

Larkin Schmidt Commercial Miami, Florida
Principal February, 1997 - Current
   
Capital Realty Services, Inc. Miami, Florida
Senior Vice President November, 1994 - February, 1997
   
M2 Realty Corporation Miami, Florida
Senior Vice President June, 1986 - October, 1994
   
I.R .E. Financial Corporation Coral Gables, Florida
Acquisitions and Portfolio Manager April, 1984 - June, 1986
   
Southeast Bank, N.A. Miami, Florida
Commercial Banking Officer June, 1980 - April, 1984

 

EDUCATION

M.B.A. University of Miami - Accounting Concentration December, 1986
  Graduated summa cum laude, Received Certificate of Academic Excellence.  
     
B.S. University of Alabama/Tuscaloosa - Majored in Finance and Banking May, 1980
  Graduated cum laude.  
  F.E.I. Outstanding Finance Student, 1980, Entrepreneurial Scholarship, 1976 - 1980.  


MEMBERSHIPS AND INTERESTS

Licensed Florida Real Estate Broker.

Licensed Florida Mortgage Broker.

Licensed Florida Community Association Manager.

Member, International Council of Shopping Centers.

Member, National Association of Industrial & Office Properties

Greater Miami Hillel, Board of Directors, June 2000 -

City of Homestead - Master Developer for Park of Commerce Selection Committee -1998/1999

City of Homestead - Community Redevelopment Director Search Committee -1997

Greater Miami Jewish Federation - Real Estate, Builders & Allied Trades Division, 1986-

Pioneer Commerce Park, Homestead, Florida, Chairman (1995 - 1999), Board Member (1995 - Present).

Seminole Theater Group, Homestead, Florida, Secretary (1999-2000), Board of Directors, 1997 Ð 2000.

Bet Shira Congregation, Board of Directors, 1990 - Present.

Bet Shira Congregation, Treasurer, V.P./Fin., Pres.-Elect, President, Immediate Past President, 1991 - 2000.

Foundation of Jewish Philanthropies - Professional Advisory Committee, 1996 -

Jewish Vocational Services, Board of Directors, Vice President, 1986 - 1991.

Proficient with PC's including Lotus123 Millenium, Windows 95/98, ACT 2000 and Microsoft Word.

Hobbies include tennis, golf and basketball.

PERSONAL: Born: October 25, 1958, married, three children

REFERENCES: Furnished upon request.

 

CASE MATTERS, SPEAKING ENGAGEMENTS AND PUBLICATIONS

Case Matters

Expert Witness Cases:

In re: Boca Greens Associates - Engaged by debtor. Issue pertained to: (1) determination of property's current value in light of real estate industry and economic downturn, (2) testimony regarding current loan work-out terms and conditions, and, (3) creating and implementing reorganization plan acceptable to creditors and court. Reorganization plan approved by court over objection of primary secured creditor.

U.S. Tabco v. G.M.I. International Corp/Willy Rosell - Engaged by defendant. Issue pertained to fraudulent conveyances of leases via assignment. Case settled.

Ocean Harbor of Fort Myers Beach, Inc. - Engaged by defendant. Issue pertained to partner dispute of joint venture real estate development project. Focus directed to determination of adequacy of initial capital contributions by partners. Case settled.

Byron v. Corner Pocket Billiard Club, Inc. - Engaged by defendant. Plaintiff slipped on the sidewalk in the rear of a shopping center proximate to defendant's place of business, alleged that defendant, a tenant in a multi-tenant shopping center, was responsible for the condition of the sidewalk. Focus provided was on lease interpretation as to defendant's responsibility under the lease and how it pertained solely to the Premises and not to the common areas of the shopping center. Case settled.

Duplex Products, Inc. v. Graphic Productions Corporation and Commercebank - Engaged by Plaintiff. After defendant filed bankruptcy, Plaintiff lifted stay of foreclosure and proceeded with action. Second mortgage holder took possession of personal property and sought to dispose through auction. Hired by Plaintiff to assume role of private property custodian initially as court refused appointment of receiver. Preserved in excess of $150,000 of real property which second mortgage holder sought to auction as personal property. Subsequently, (1) assisted Plaintiff in identifying environmental contamination and developing remediation plan, (2) collected rent on behalf of Plaintiff when second mortgage holder leased the premises, and, (3) identified and coordinated sale of Judgment of Foreclosure to buyer on behalf of Plaintiff. During the term of this assignment was subsequently appointed receiver by the court (See Receiverships below).

Icon Development Corporation v. White & Case et. al. - Engaged by Defendant. Hired to support Defendant=s law firm in the technical preparation of defense where Plaintiff was claiming Defendant had tortiously interfered with Plaintiff's business. Focus of assignment was to review and prepare discovery to be provided to expert witness, inform and prepare defense attorneys on technical aspects of case, review and critique expert witness= report(s) and support the case in any other manner requested by counsel.

Re: Martin A. Tabor, Trustee Ð Application for an Equitable Tolling of the Traffic Capacity Reservation Period - Engaged by applicant. Applicant was wrongfully denied vested sign rights by local county. Applicant sought and was successful in obtaining relief through the courts. While pursuing remedy, applicantÕs traffic capacity reservation expired. County statute provided equitable relief or tolling of the reservation provided applicant could prove potential development was impractical. Provided opinion letter and testimony at hearing regarding adverse economic impact of lack of signage and ApplicantÕs inability to attract large, anchor tenants due to sign hardship created by the county.

Receiverships

Duplex Products, Inc. v. Graphic Productions Corporation and Commercebank - As a result of owner abandoning the property, a tenant being in place who failed to timely pay rent and environmental contamination issues affecting the property, was appointed receiver of a 70,000 square foot warehouse property.

 

Speaking Engagements

I.C.S.C. Florida Regional Conference - Panelist

Outparcel and Restaurant Expansion Plans

Round Table leader of Homestead Main Street Charette, Topic: "Pioneer Commerce Park, Current and Future".

I.C.S.C. South Florida Idea Exchange - Session Leader & Panelist

Convenience Shopping to Shoppertainment - What's Working Now and What's Planned For Tomorrow

 

Publications

"Tenant reps can play a pivotal role", Miami Business Review - Real Estate Marketplace, May, 1996

 

Representative Real Estate Transactions

Sales and Purchases

Property Location Square Feet Price
Plaza West Shopping Center Miami, Florida 100,000 $11,300,000
Sawgrass Village Ð Phases 1 & 2 Ponte Verde Beach, Florida 118,900 $10,900,000
Concourse Village Shopping Center Jupiter, Florida 133,000 $ 7,800,000
Kendall Summit Executive Center Miami, Florida 85,000 $ 7,500,000
Country Club Plaza North Miami, Florida 86,700 $ 5,600,000
Emerald Park Apartments Hollywood, Florida 121,400 $ 4,500,000
Lakeside Gardens Apartments Coral Springs, Florida 101,200 $ 3,850,000
Gazebo Shopping Center Jacksonville, Florida 79,200 $ 3,500,000
Citibank Building Dania, Florida 65,000 $ 2,300,000
Park West Professional Center Miami Lakes, Florida 18,300 $ 2,100,000
Eldorado Building Lighthouse Point, Florida 33,200 $ 1,925,000
Former Sears Warehouse Miami, Florida 15,000 $ 1,000,000
1250 Red Road Building Miami, Florida 15,000 $ 850,000
Exotic Gardens Corporate Office South Miami, Florida 7,500 $ 690,000
Esserman Nissan Miami, Florida 90,000 $ 637,600
5600 N.W. 32nd Avenue Miami, Florida 76,000 $ 535,000
Sawgrass Village Ð Phase 3 Ponte Verde Beach, Florida 20,100 $ 450,000
1800 & 1810 Coral Way Miami, Florida 14,000 $ 450,000

 

Financing

Property Location Square Feet Price
Country Club Plaza Miami, Florida 100,700 $ 7,800,000
Hampton Inn Coconut Grove, Florida 68,000 $ 6,500,000
Country Club Plaza North Miami, Florida 86,700 $ 4,950,000
Kendall Summit Executive Center Miami, Florida 85,000 $ 4,800,000
Sawgrass Village Ð Phases 1 & 2 Ponte Verde Beach, Florida 118,900 $ 4,500,000
DMK Properties Miami, Florida 175,000 $ 4,000,000
Lakeside Gardens Apartments Coral Springs, Florida 101,200 $ 2,975,000
Gazebo Shopping Center Jacksonville, Florida 79,200 $ 2,100,000
Eldorado Building Lighthouse Point, Florida 33,200 $ 1,445,000

 

Landlord and Tenant Representation

Client, City, State
Building/Tenant City, State
Sale or Square Feet
Lease Value
CompUSA Shopping Center Noodle Kidoodle, Miami, FL 11,250 $ 2,695,000
21/22 Office Center, Miami, FL Miami-Dade County 28,117 $ 2,463,100
CompUSA Shopping Center Hemisphere Bank Miami, FL 3,873 $ 1,380,000
Zack, Kosnitzky, P.A. Ð Sublease 1401 Brickell AvenueMiami, FL 11,964 $ 980,000
BankAtlantic Building Total Health Choice Miami, FL 8,646 $ 980,500
BankAtlantic 1455 W. 49th Street, Hialeah, FL 5,000 $ 900,000
Payless ShoeSource Tropicaire Center, Miami, FL 4,500 $ 750,000
CarInk, Inc. 2121 Ponce, Coral Gables, FL 5,698 $ 569,800
Ultrazone Bird Road @ 92nd Ave, Miami, FL 7,056 $ 504,000
BankAtlantic, 100 N Biscayne, Miami, FL Sublease to American Express 3,022 $ 483,500
Doral Centre, Miami, FL Blockbuster Video 6,000 $ 474,000 800
Brickell, Miami, FL The Renno Group 4,812 $ 458,000
BankAtlantic Building, Miami, FL Omnisphere Corporation 3,931 $ 450,300
Cluckers Chicken Restaurant 12500 Biscayne Blvd., Miami, FL 3,000 $ 450,000
Diversified Underwriters Services 1985 N.W. 88th Court, Miami, FL 6,200 $ 441,600
Doral Centre, Miami, FL Lady of America Fitness 4,500 $ 365,600
Kendall Summit Executive Ctr, Miami, FL Greenberg & Middleton 4,726 $ 373,700
Kids Communication Network One Biscayne Tower, Miami, FL 4,211 $ 297,600
Kendall Summit Executive Ctr, Miami, FL Market Street Mortgage 4,603 $ 200,400