Highlights

Accomplishments

Simon Property Group – 2011 to 2017 – President Mall Platform

  • Established strategy and directed operations for a portfolio generating annual revenues of $5 billion and EBITDA of $3 billion

  • Completed $4.2 billion of construction and development activity, generating an average investment return of over 8% on 2 new developments, 27 property expansions and 40 property enhancements

  • Assisted in the disposition of over 70 properties and restructured company operations

  • Negotiated the disposition of 7 properties for over $600 million

  • Added 6 new department stores to facilitate mall expansions, replaced 21 department stores and added 42 new anchor stores.

  • Increased EBITDA by a compounded annual growth rate of 3.2%, among the best in mall sector during 6 year tenure

  • Achieved 6 years of consistent occupancy growth from 93.7% to 96%, improved margins and stabilized tax recoveries

  • Completed the development of 3 residential and 4 hotel properties to portfolio

  • Assumed oversight of corporate information technology and partnership relations on 2014 as part of corporate reorganization

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Equity Group Investments – 2007 to 2011

  • Zell Credit Opportunity Fund (Invested $625 million in distressed debt with Chinese Investment Company) – Served as senior investment committee member, analyzed and sourced investment opportunities across wide spectrum of industries

  • REITS – Served as Zell’s representative to senior management of Equity Residential Properties (NYSE:EQR) and Equity Lifestyle Properties (NYSE:ELS). board member, audit committee and compensation committee member of ELS

  • Equity International – served as EGI liaison, board member and advisor on mall, housing and retail-related investments in emerging markets. Provided retail expertise and market knowledge of Brazil, UAE, China, Kuwait, Chile, Mexico, Egypt and Canada

  • Starwood Hotels (NYSE:HOT) – Served as EGI liaison to company regarding real estate, time-share and development matters

  • Private Real Estate Portfolio – Identified opportunities; established and monitored strategic plans for individual real estate properties. Executed $25 million in renovations and $200 million in dispositions

  • Assisted Chicago Cubs with redesign of Wrigley Field and adjacent properties

The Macerich Company -1997 to 2007

  • Market capitalization grew 600% from $2 billion to $14 billion

  • FFO growth from $2.17 per share to $4.50 per share, a compounded annual increase of 8.75%

  • Portfolio growth from 20 million square feet to 80 million square feet

  • Macerich recognized as one of the top 10 performing REITs in the country (1997 to 2006)

  • Repositioned portfolio through $1.5 billion in property redevelopment and renovations and $500 million in dispositions

  • Eliminated annual budgets and shifted process to 36-month rolling forecasts with key performance metrics.

  • Acquired and integrated 58 regional malls and 18 shopping centers, aggregating in excess of 60 million square feet, including the $1.5 billion acquisition of Westcor in 2001(9 malls and 10 shopping centers) and the $2.3 billion acquisition of Wilmorite in 2004 (13 malls.).

  • Partnered with Oracle to develop web-based proprietary software and data base systems to automate company’s financial, leasing and human resource functions.

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Advisor and Consulting Service Accomplishments

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Chicago Cubs

Assisted President with the acquisition of adjacent land parcels and renovation of Wrigley Field.  Also assisted with the sale of Chicago Cubs to Ricketts family for $850M.

Brmalls

Board member and advisor from inception of company in 2008.  Company grew from a private company owning 6 malls with enterprise value of $200M and went public in 2009 with 60 malls and enterprise value of $4 Billion USD

Broadway stores

Underwrote the acquisition of 80 store department store chain and ultimate sale to Federated Department stores for $250M

Dundee Realty

(now Dream Office), founding board member of $50M private Canadian real estate company.  Company went public on Toronto Stock exchange 2 years later in a $1 billion offering

Thousand Trails

Assumed role as President of this owner of 100 RV Resorts and facilitated sale to Equity Lifestyle Properties

Tribune Company

Advisor to company. Worked with management to develop disposition and development plans for the Company’s real estate assets. Executed over $200M in dispositions.

Otay Property

(crossboarderexpress.com) Sourced and purchased 70 acres of land and worked with Federal government to create the first private boarder crossing to link US to Tijuana airport.

Awards

  • Roosevelt Field Dining District, Garden City, NY – ICSC Gold Award - 2016

  • St Johns Town Center, Jacksonville, FL – ICSC Commendation - 2016

  • Domain 2, Austin TX – Impact Award – Urban Land Institute - 2015

  • Dadeland Mall, Miami, FL; Lenox Square, Atlanta GA; The Shops at Nanuet, Nanuet NY – Commendation Awards ICSC - 2015

  • Walt Whitman Shops, Huntington Station, NY – ICSC Commendation - 2015

  • Southdale Mall, Edina, MN - Redevelopment of the year & Fashion Mall, Indianapolis, IN – Silver Award – ICSC - 2014

  • Old Orchard Shopping Center, Skokie, IL- FIABCI Prix d'Excellence - Retail. Redevelopment Award- 1997

  • Old Orchard Shopping Center - First Place, Design Award for Renovation of an Existing project by ICSC - 1996

  • Crain’s Chicago Business’ “40 under 40” - 1991

  • Ford City, Chicago, Il - Co Winner of Mall Monitor’s Redevelopment of the Year - 1990

  • Ford City -Certificate of Merit for Outstanding Design by the International Council of Shopping Center - 1990

Education & Accreditations

  • DePaul University College of Law, Chicago, IL - Juris Doctorate - 1985

  • DePaul University College of Commerce, Chicago, IL - B.S. Finance - 1981

  • Harvard Business School - Executive Education - Strategic Financial Analysis for Business Evaluation - 2006

  • Licensed to Practice Law in the State of Illinois 1985 to 2006. Inactive 2007

  • International Council of Shopping Centers (ICSC) – Retail Real Estate Executive

  • ICSC - Senior Certified Leasing Specialist

  • ICSC - Senior Certified Shopping Center Manager

  • ICSC - Senior Certified Development, Design & Construction Professional