Episode 209: 04-18-2013
We spend the hour speaking with the key presenters from the Akerman Senterfitt Annual Real Estate Summit. Hear what the insiders heard at this invitation-only event.
Thank you to our friends at Akerman Senterfitt for allowing this presentation!
Institutional Market Overview
President & COO
USAA Real Estate
Len O’Donnell is currently the president and chief operating officer for USAA Real Estate. Effective May 1, 2013, Len will assume the position of CEO of USAA Real Estate and be responsible for all of the day-to-day activities of the company, overseeing a portfolio of real estate projects that exceeds $12 billion, including office buildings, industrial projects, land holdings, shopping centers, and hotels. USAA Real Estate Company provides co-investment, acquisition, build-to-suit, and development services for corporate and institutional investors. USAA Real Estate is a subsidiary of USAA, a leading financial services company. Len has over 25 years of extensive real estate experience, serving as president and CEO of Crimson Capital Ltd. and principal of Crimson Real Estate Fund, based in Houston. Prior to Crimson, Len spent 10 years as a leading investment sales broker in Washington, D.C.
Office Investing – Value Add
Darryl W. Parmenter
Chairman & CEO
Parmenter Realty Partners
Darryl Parmenter formed Parmenter Realty Partners in 1989, and capitalizing on his 35 years of expertise has been integral to the firm since its founding. As chairman and CEO, Darryl directs the company’s executive team and oversees property acquisition, development, and disposition of real estate assets. Since its inception, the company has acquired, managed, or developed real estate assets valued in excess of $2 billion. Prior to forming Parmenter Realty Partners, Darryl was a managing partner for 10 years with Lincoln Property Company. In that capacity, he directed the development, management, and property acquisition program for assets valued in excess of $400 million. Among these developments was 701 Brickell Avenue, a 750,000-square-foot, 33-story building in Miami, Florida, where Parmenter Realty Partners is now headquartered. Darryl is an active member of the Urban Land Institute on which he is a Governor, and also served in the Marine Corps with combat command, reaching the rank of Captain.
Eric Rapkin has a full-service commercial real estate practice, including the leasing, financing, acquisition, and disposition of office buildings, shopping centers, hotels, and industrial properties for developers, retailers, and institutions, with a strong concentration in major commercial leasing transactions. Eric has been recognized by The Best Lawyers in America and The Legal 500 as a leading Real Estate Transactions and Finance law practitioner in Florida.
Lodging and Hospitality
Andrew S. Robins
Lodging & Lifestyle Practice Chair
Andrew Robins has over 20 years of experience advising owners, operators, and developers of hotels, resorts, and mixed-use real estate developments throughout the United States and around the world. He also assists governmental institutions in the development of tourism destinations, the privatization of tourism facilities, the development of fiscal and monetary incentives for tourism development, and the creation of financing mechanisms to supplement tourism development initiatives. Recognized within the hospitality industry as a leading authority on structuring mixed-use resort projects, including hotels, branded residences, rental programs, shared ownership, and clubs, Andy has counseled leading hotel operators on risks associated with evolving lodging products and branding activities as well as complexities associated with branded mixed-use real estate developments.
Global Real Estate Markets Leader
Ernst & Young
Rick Sinkuler serves as Ernst & Young’s Global Markets Leader for the real estate practice, which serves more than 4,000 real estate owners/developers, investors, and corporate occupiers worldwide. He has over 24 years of real estate industry experience which encompasses a broad range of assignments including valuation, market analysis, financial restructuring, litigation support, and transaction due diligence. He focuses on all property types, especially large-scale, complex projects and portfolios. Rick has been involved in many significant real estate engagements including serving as a national consultant to the U.S. Department of Housing and Urban Development (HUD) and as the financial advisor for the sale of Illinois’ second largest homebuilder and the disposition of a prominent Chicago hotel.
Real Estate Practice Group Chair
Richard Bezold is the Akerman Real Estate Practice Group Chair. He has more than 25 years of experience representing clients in the acquisition, development, and financing of office buildings, medical facilities, shopping centers, senior living facilities, multifamily, industrial, and hotel properties. He has served as the lead real estate attorney on numerous national corporate merger and acquisition transactions including those in the automobile, hospitality, rental car, security, and solid waste industries. Richard’s broad range of experience includes commercial landlord and tenant representation, public-private partnerships, infrastructure development, distressed loan and property workouts, and analysis of hazardous material contamination for the acquisition, operation, and clean-up of real property. Board Certified by The Florida Bar in Real Estate, Richard has been recognized by The Legal 500 as one of the leading real estate lawyers in Florida.
Episode 209: 04-18-2013 (To download, right-click and select “Save Link As”.)