This is an educational event covering the basics of "Troubled Real Estate Assets" answering both general and detailed questions about what actually happens to the asset once it has been identified. The speakers will lead the group through a cause-and-effect discussion focused on the current market conditions and the impact to deal flow. This will be a great event for both gurus and novices alike as we will delve into the reality of what it means to be a troubled asset in today's economy.
Please see website link for registration costs.
Sandy Throop (Moderator)
Director of Asset Management, Babson Capital Management LLC
Sandy Throop serves as Director of Asset Management with responsibility for monitoring investment performance of joint venture real estate investment funds totaling approximately $400 million in value. In this capacity, Sandy coordinates with investment partners on major decisions, monitors the timely implementation of business plans, and oversees investment return distributions to investors. Over the last four years, Mr. Throop has closed and managed over 30 joint venture transactions totaling $650 million in value.
Mr. Throop has over 20 years experience in real estate investing and management. Before joining Babson, Sandy served as Director of Asset / Fund management at Hanover Financial Company. In addition to asset management duties, Sandy assisted in raising institutional fund capital and investment syndications, performed investor reporting duties, and served on investment approval committees. Sandy established Bank of America's South Charles Investment Corporation office operations in Los Angeles, and originating 18 investments and placing $85 million of SCIC capital throughout California and Arizona. He also managed the Bank of America's national REO unit that oversaw 2,500 assets valued at more than $700 million and produced over $350 million in annual property dispositions. Mr. Throop performed dispositions and acquisitions, and marketing operations for the master-planned community developer, The Newhall Land and Farming Company, and a publicly traded home-building company, Calprop Corporation.
Mr. Throop received a Bachelor of Arts from the University of California-Santa Barbara in Economics and Environmental Studies.
Bernie S. Ocampo (Panelist)
Senior Asset Manager, Trimont Real Estate Advisors, Inc.
Bernie S. Ocampo has over 18 years of experience in equity and debt real estate investment management involving institutional, private and foreign investors. His multidisciplinary experience includes: asset and portfolio management (equity, debt and REO), distressed loan workout and foreclosure, transaction management (acquisitions, dispositions and leasing), equity/debt underwriting and valuation, credit risk rating, lending, joint venture partnership governance, development and major construction monitoring, as well as property management. He also has a diverse knowledge of property types, nationwide. Investments have included core, value-added and opportunistic strategies.
Currently, he is a Senior Asset Manager for TriMont Real Estate Advisors, Inc. with investment management responsibilities peaking at $4B in gross value (primarily for equity and debt real estate investments by Lehman Brothers). Prior to TriMont, Bernie was a Portfolio Manager for a high growth California-based bank where he managed a $2.5B mortgage portfolio of performing and non-performing commercial assets. He was also previously employed with Prudential Real Estate Investors, GE Financial Assurance, Trammell Crow Company and Grubb & Ellis. Bernie is a member of Urban Land Institute, National Multi Housing Council and International Council of Shopping Centers.
Bernie has a BA degree (focus in Urban Development) from the University of Washington and an MBA degree from The University of Chicago Booth School of Business. He is also Co-Founder and Global Chair of the Real Estate Alumni Group (REAG) for Chicago Booth.
Susan Fowler McNally (Panelist)
Partner, Gilchrist & Rutter
Susa's practice focuses on commercial real estate and business transactions, particularly in acquisition and disposition, development, financing and leasing of commercial buildings, including negotiation and preparation of purchase and sale agreements; ground leases and easements; office and retail leases; consulting and management agreements; TV and film licensing for property access; heliport licensing; CC&Rs; tieback agreements; architectural and engineering agreements; construction contracts; and telecommunications access and service agreements.
Ms. McNally is the author of "Letters of Credit in Lease Transactions, Part I: Advantages to Landlord and Landlord's Lender", Probate & Property, July/August 2002; "Letters of Credit in Lease Transactions, Part II: Drafting Tips", Probate & Property, November/December 2002 and "Letters of Intent: The Good, the Bad, and the Ugly", Lease Negotiation Handbook (2003).
In addition to being quoted in many articles on real estate issues in the Wall Street Journal, American Bar Association Journal, Commercial Lease Law Insider, Real Estate Southern California and Lawyer's Weekly U.S.A., Ms. McNally's articles on various aspects of commercial leases, transactions and letters of credit have been widely published in professional journals and business publications. She is a sought-after speaker on her areas of expertise for professional groups, conferences and national conventions.
Ms. McNally's clients have included CommonWealth Partners; LDW Resort & Hotel Development, LLC; Maguire Properties; The Archon Group, L.P.; Thomas Properties Group; and the United California Realty Corp.
Ms. McNally earned her J.D. degree from the University of California, Los Angeles School of Law, where she participated in the UCLA Moot Court Honors Program. She graduated Phi Beta Kappa with a B.A. in Urban Planning/Sociology from the University of the Pacific, Raymond-Callison College, Stockton, California.
Fred Cordova (Panelist)
Senior Vice President, Colliers International
Fred Córdova joined Colliers in May of 2002. He was previously with Cushman Realty Corporation from 1999 to May of 2002. He has vast experience in real estate transactions and development across multiple product lines, including office, industrial, residential, retail and hospitality. During his extensive career, he has purchased, sold, leased and development more than $1.2 billion of real estate.
MBA - Harvard Business School
BOMA - Buildings Owners and Managers Assoc.
Brokerage: Investment Properties, Development