Services

Simon Property Group, Inc. (NYSE: SPG) is a global leader in retail real estate, ownership, and management, an S&P 100 company with an enterprise value of $100 billion. Learn more about Simon Property Group here >

President, Mall Platform

• Consisting of 180 retail properties, the Mall Platform represents 50% of the EBITDA and valuation of SPG
• 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 transformational expansions, and 40 property enhancements
• Assisted in the disposition of over 70 properties and restructured company operations
• Negotiated the disposition of 7 properties generating over $600 million in proceeds
• 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 a 6-year tenure
• Achieved 6 years of consistent occupancy growth from 93.7% to 96%, improved margins, and stabilized tax recoveries
• Increased rental spreads by 12% on a year-over-year basis for six consecutive years
• Completed the development of 3 residential and 4 hotel properties to portfolio

Founded by Sam Zell, EGI is a multibillion-dollar private investment firm whose investments span industries and continents and include interests in real estate, finance, energy, transportation, and communications. Learn more about Equity Group Investments here >

President – Real Estate & Managing Director

Provided strategic counsel to Sam Zell and EGI affiliates on real estate and corporate investments. Actively managed a $10 billion investment portfolio, sourced and managed real estate investment opportunities, and liaison with partners and portfolio companies. Highlights included: 

• Zell Credit Opportunity Fund ($625 million distressed debt fund with Chinese Investment Company) – Served as senior investment committee member, analyzed, and sourced investment opportunities across a 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)
• 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 owner’s liaison to Starwood Hotels regarding real estate, time-share, and development matters
• Private Real Estate Portfolio: Identified investment and disposition opportunities; established and monitored strategic plans for individual real estate properties. Executed $25 million in renovations and $200 million in dispositions
• Assisted Tribune Company with monetization of real estate assets and Chicago Cubs with redesign of Wrigley Field and utilization of adjacent properties

MAC is an $10 billion REIT focusing on the acquisition, leasing, management, development, and redevelopment of U.S. regional malls. Learn more about Macerich here >

Executive Vice President and Chief Operating Officer

Provided leadership and strategic direction for the company’s management, marketing, leasing, development, construction, and human resources functions. Highlights during tenure include:

• 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 
• 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 database systems to automate company’s financial, leasing, and human resource functions
• Recognized for World Class employee engagement as measured by The Gallop Organization, placing the company among the top 20% worldwide

President, Chief Operating Officer, and Chief Financial Officer of mall company             1992 - 1997

Established and monitored strategic plans and operating budgets for a $2 billion portfolio of regional malls and shopping centers. Approved department and specialty store leases, development projects, and construction activities. Identified investment and financing opportunities. Highlights included: $1 billion in acquisitions, $1.5 billion in dispositions, $500 million in financings, and $400 million in redevelopment activity.

Senior Vice President, Development & Asset Management of mall company                   1990 - 1992

Managed development, construction, and tenant coordination functions.

Vice President, Development of Malls                                                                                    1988 - 1990

Established income projections and budgets for redevelopment projects. Approved architectural plans and tenant store design criteria. Directed construction activity and supervised all leasing activity.

Attorney and Internal Auditor                                                                                                 1981 - 1988