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Robert Half Management Resources Salaried Professional Services 1700 West Park Drive, Westborough, MA 01581 508-621-2300 [email protected] Seasoned international executive with over 20 years of public and private experience in real estate investment and development. Verifiable success creating and delivering outstanding real estate investment strategies and solutions for retail, commercial, medical, residential, hospitality, senior living and government from $100 million to $25 billion. Talented in building commercial and financial solutions from the ground up, raising capital, managing investors and arranging & extending banking facilities. Proven abilities in adding value to transactions through tax, commercial and legal structuring. Excels as a transaction manager, negotiator, deal closer and administrator. —————————— Key Examples of Success —————————— Deep retail real estate experience in structuring, leasing, development, purchases and sales for Kmart, Target, Supermarkets, Department Stores, Office Supply chains, Toy Chains, Liquor chains and fashion chains. Involved from concept to sale of the Cairns Central Shopping Center which generated triple digit returns on exit to Westfield. With the Shire Campus, he held the highest authority level for capital approvals. Approved and structured transactions for the multiple $500+ million cGMP developments. —————————— Areas of Strength ——————————— Investor Relations Start-up Expertise Staffing/Team Development Real Estate Strategy Finance Management/Plans Contract Negotiation Capital Raising Major Acquisitions Income Tax and Structures —————————— Skills and Experience ——————————— Areas of Specialization Portfolio Accounting IRS Tax Returns and K1 Prep & Reviews REIT Accounting & Testing Capital Raisings and Returns Banking and Investor Relations Acquisition/Disposition Accounting Tax Memorandums for Financials Cost Segregations IRS change in Accounting Methods S481(a) adjustments FMV, Valuations and DCF Fund, GAAP & SEC Accounts/Reports Impairment Analysis and Entries Lease Review Yardi and Argus Implementations and Enhancements Job Cost, Fixed Assets and Capex CAMS Reconciliations and Audits Financial Planning and Analysis Industry Experience REIT’s Listed Funds Private Investors Equity Funds Hedge Funds Technology Expertise GAAP, IFRS, IRS, SEC SAP, Oracle, Hyperion Yardi ARGUS Organizations Served Cairns Shopping Center Development Kmart Properties Target Properties Coles Supermarkets Properties Bi-Lo Properties Myer Emporium Properties Officeworks Properties World 4 Kids Properties Liquorland Properties The Davis Companies Legacy Group Davis Companies Fund I Davis Companies Fund II CommonWealth REIT (NYSE:CWH) Hospitality Properties Trust (NYSE:HPT) and Sonesta/Wyndham Senior Housing Properties Trust (NYSE:SNH) Government Properties Income Trust (NYSE:GOV) Select Income REIT (NYSE: SIR) Five Star QualityCare, Inc. (NYSE:FVE) TravelCenters of America LLC (NYSE Amex:TA) RMR Real Estate Income Fund (NYSE Amex:RIF) Reit Management and Research LLC Shire Plc The Dworman Group, New York City Arthur Andersen Transaction Services Education and Certifications CPA license Australia Chartered Secretary and Administrator London, UK Michael Irving, CPA Real Estate Investment & Development- Management Consultant “Roll up the sleeves work ethic that builds loyalties with teams, executive boards and investors” SELECTED PROJECTS SHOPPING CENTRE, Cairns, Australia Finance Partner to a 550,000+ SF award winning retail development. Board member of joint venture who negotiated anchor leases with Target, Kmart and other majors. SHIRE CAMPUS, Lexington, MA Provided full development and accounting services for a 650,000+ SF award winning research, laboratory and manufacturing Biopharma campus. Completed 5 IRS audited cost segregations for $1+ billion that delivered hundreds of millions of immediate tax benefits Business Intelligence and ERP Systems Implemented and generated significant business efficiencies in Yardi ERP, Job Cost, Leasing Modules, CAMS, Recoveries, Fixed Assets and many reporting modules including enabling upload functionality and linking Assets to Leasing Capital on the Lease Ledger. Implemented ARGUS and generated substantial efficiencies by interfacing Yardi to ARGUS. Significantly reduced reliance on excel models and configured Yardi to generate reports Cash Management and Lender Compliance Manage multiple credit facilities and ensure compliance and timely delivery of interest, principal payments and information to lenders. Manage cash flows for real estate transactions, day-to-day operations, funds and recommend distributions and contributions to and from investors. Manage Banking, Finance and Investor Relationships. Interpret terms of complex legal documents and appropriately record the related fees, contributions, distributions, and the promotes resulting from complex waterfall structures. Operations Manage monthly and on-going accounting and reporting processes for properties, investment entities, joint ventures and various fund vehicles structured as REITs, LLCs, LPs and the like which contain real estate portfolios consisting of large retail and commercial, office, multi-family, industrial, retail, residential, hotel and mixed-use properties for GAAP and Tax Based portfolios. Evaluate accounting and financial transactions for compliance with accounting rules, tax regulations and reporting requirements. Establish accounting policies, internal controls and reporting requirements for real estate assets. Acquisition, disposition and impairment accounting. Manage the annual CAMS process and approve adjustments. Real estate tax abatement process management. Environmental issue management. Manage year-end audit and tax requests related to real estate investments.

Real Estate - Senior Consultant

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Page 1: Real Estate - Senior Consultant

Robert Half Management Resources Salaried Professional Services

1700 West Park Drive, Westborough, MA 01581 • 508-621-2300 • [email protected]

Seasoned international executive with over 20 years of public and private experience in

real estate investment and development. Verifiable success creating and delivering

outstanding real estate investment strategies and solutions for retail, commercial, medical,

residential, hospitality, senior living and government from $100 million to $25 billion.

Talented in building commercial and financial solutions from the ground up, raising

capital, managing investors and arranging & extending banking facilities. Proven abilities

in adding value to transactions through tax, commercial and legal structuring. Excels as

a transaction manager, negotiator, deal closer and administrator.

—————————— Key Examples of Success ——————————

Deep retail real estate experience in structuring,

leasing, development, purchases and sales for

Kmart, Target, Supermarkets, Department

Stores, Office Supply chains, Toy Chains,

Liquor chains and fashion chains.

Involved from concept to sale of the Cairns

Central Shopping Center which generated triple

digit returns on exit to Westfield.

With the Shire Campus, he held the highest

authority level for capital approvals. Approved

and structured transactions for the multiple

$500+ million cGMP developments.

—————————— Areas of Strength ———————————

Investor Relations Start-up Expertise Staffing/Team Development

Real Estate Strategy Finance Management/Plans Contract Negotiation

Capital Raising Major Acquisitions Income Tax and Structures

—————————— Skills and Experience ———————————

Areas of Specialization Portfolio Accounting

IRS Tax Returns and K1 Prep & Reviews

REIT Accounting & Testing

Capital Raisings and Returns

Banking and Investor Relations

Acquisition/Disposition Accounting

Tax Memorandums for Financials

Cost Segregations

IRS change in Accounting Methods

S481(a) adjustments

FMV, Valuations and DCF

Fund, GAAP & SEC Accounts/Reports

Impairment Analysis and Entries

Lease Review

Yardi and Argus Implementations and Enhancements

Job Cost, Fixed Assets and Capex

CAMS Reconciliations and Audits

Financial Planning and Analysis

Industry Experience REIT’s

Listed Funds

Private Investors

Equity Funds

Hedge Funds

Technology Expertise GAAP, IFRS, IRS, SEC

SAP, Oracle, Hyperion

Yardi

ARGUS

Organizations Served Cairns Shopping Center Development

Kmart Properties

Target Properties

Coles Supermarkets Properties

Bi-Lo Properties

Myer Emporium Properties

Officeworks Properties

World 4 Kids Properties

Liquorland Properties

The Davis Companies Legacy Group

Davis Companies Fund I

Davis Companies Fund II

CommonWealth REIT (NYSE:CWH)

Hospitality Properties Trust (NYSE:HPT)

and Sonesta/Wyndham

Senior Housing Properties Trust

(NYSE:SNH)

Government Properties Income Trust

(NYSE:GOV)

Select Income REIT (NYSE: SIR)

Five Star QualityCare, Inc. (NYSE:FVE)

TravelCenters of America LLC (NYSE

Amex:TA)

RMR Real Estate Income Fund (NYSE Amex:RIF)

Reit Management and Research LLC

Shire Plc

The Dworman Group, New York City

Arthur Andersen Transaction Services

Education and Certifications CPA license – Australia

Chartered Secretary and Administrator –

London, UK

Michael Irving, CPA Real Estate Investment & Development- Management Consultant

“Roll up the sleeves work ethic that builds loyalties with teams, executive boards and investors”

SELECTED PROJECTS

SHOPPING CENTRE, Cairns, Australia Finance Partner to a 550,000+ SF award

winning retail development. Board

member of joint venture who negotiated anchor leases with Target, Kmart and

other majors.

SHIRE CAMPUS, Lexington, MA Provided full development and

accounting services for a 650,000+ SF

award winning research, laboratory and manufacturing Biopharma campus.

Completed 5 IRS audited cost

segregations for $1+ billion that delivered hundreds of millions of

immediate tax benefits

Business Intelligence and ERP Systems

Implemented and generated significant business efficiencies in Yardi ERP, Job Cost, Leasing Modules,

CAMS, Recoveries, Fixed Assets and many reporting modules including enabling upload functionality

and linking Assets to Leasing Capital on the Lease Ledger.

Implemented ARGUS and generated substantial efficiencies by interfacing Yardi to ARGUS.

Significantly reduced reliance on excel models and configured Yardi to generate reports

Cash Management and Lender Compliance Manage multiple credit facilities and ensure compliance and timely delivery of interest, principal

payments and information to lenders.

Manage cash flows for real estate transactions, day-to-day operations, funds and recommend distributions and contributions to and from investors.

Manage Banking, Finance and Investor Relationships.

Interpret terms of complex legal documents and appropriately record the related fees, contributions,

distributions, and the promotes resulting from complex waterfall structures.

Operations

Manage monthly and on-going accounting and reporting processes for properties, investment entities,

joint ventures and various fund vehicles structured as REITs, LLCs, LPs and the like which contain

real estate portfolios consisting of large retail and commercial, office, multi-family, industrial, retail, residential, hotel and mixed-use properties for GAAP and Tax Based portfolios.

Evaluate accounting and financial transactions for compliance with accounting rules, tax regulations and reporting requirements.

Establish accounting policies, internal controls and reporting requirements for real estate assets.

Acquisition, disposition and impairment accounting.

Manage the annual CAMS process and approve adjustments.

Real estate tax abatement process management.

Environmental issue management.

Manage year-end audit and tax requests related to real estate investments.