EXPERIENCE & ACCOMPLISHMENTS

Transitional Finance Partners, LLC, San Diego, Ca. 2010 to Present

Formed financial consulting firm to provide advisory services to firms struggling

with overleveraged operations and real estate assets

Serving as financial consultant to a chain of hotels (2,100 keys) with $200 million in

assets in the restructuring of multiple bank financings, securitized debt, senior and

junior mezzanine tranches and rake bonds. During a seven month period, obtained $93

million recap JV Terms Sheet, negotiated $100 million of loan extensions,

arranged $17 million of property sales, multiple forbearance arrangements, etc.

Developing alternative strategic plans in conjunction with legal counsel including

recapitalizations, DPOs, prepackaged Chapter 11 filings with Section 363 sales, etc.

Co-Chairman of the Unsecured Creditors Committee for the Chapter 11 Cases for

Allen Capital Partners, LLC and DLH Master Land Holding, LLC 2010

Served as one of three Co-Chairmen on two complex Chapter 11 cases filed in the U.S.

Bankruptcy Court, North District of Texas primarily involving commercial real estate including;

- a 6,000 acre logistics park located in Southern Dallas County with claims in excess of $181 million

- multiple office and industrial projects located in California with claims of $160 million

The Allen Group, San Diego, CA; Kansas City, KS; Dallas, TX 2003 – 2008

President & COO – Real Estate Development and Management Company

· Joined company at time of crisis when all senior management left to form competitor

· Built management team, opened and operated offices in five markets

· Implemented corporate strategy, focused on developing large-scale industrial parks centered around world class railroad intermodal facilities such as the Dallas Logistics Hub (”DLH”) , a 6,000 acre logistics park surrounding the new Union Pacific railroad intermodal facility in Dallas, Texas.

· Responsibilities for the DLH project included:

- Land acquisition negotiations, financings and closings of 165 separate parcels

- Construction of a complex15-year computer model which projected all hard and soft infrastructure and building costs, expected land sales and leasing transactions, flexible debt and equity assumptions and investment return calculations

- Supervision of Divisional President, legal, engineering and admin staff

- Oversight of the engineering and entitlement processes

- Procurement of commitments for over $150 million for public infrastructure projects

- Development of spec industrial buildings and plans for a second railroad intermodal hub for Burlington Northern Santa Fe Railroad

- Scripting an industry leading presentation on international distribution trends, intermodal development and its impact on industrial development in the United States which presentation was made at the request of the governors of Kansas and Texas to their transportation departments

· Developed multiple additional industrial and office parks of 100 to 700 acres and constructed several hundred million dollars of office and industrial buildings

· Won national development competitions for major build-to-suit projects e. g. VF Corp.’s first integrated distribution center encompassing 1.0 million sq ft of high tech computerized distribution facilities under one roof and a 250 acre automotive facility

· Directly handled banking and legal relationships

RedWire Broadband, San Diego, CA 2000 – 2003

CEO/Chairman – Wireless Internet Network Serving Businesses in So Cal

· Joined start-up company as CEO prior to initial capitalization

· Completed three rounds of equity and debt financings

· Established multiple POPs throughout Los Angeles, Orange and San Diego counties

· Utilized backbone connections thru Level 3, XO, Pac Bell, etc.

· Grew customer base to 3,000 businesses with 24/7 service and NOC support

· Successfully sold business to Southwest competitor implementing nationwide roll-up

The Online Asset Exchange, San Diego, CA 1999 – 2000

Executive V. P. – Strategic Initiatives/Capital Markets – Online Heavy Equipment Auctions

· Assisted in negotiating and executing strategic business alliances, and structured and evaluated potential mergers and acquisitions

· Coordinated private equity raise and investment banking, financial and accounting matters in anticipation of an initial public offering

· Developed support service components for Exchange transactions

· Coordinated database entry for millions of listings with auditing and report formatting

· Company valuation increased from $36 million to over $100 million in one year

ElderTrust, Kennett Square, PA 1997 – 2000

Chief Executive Officer, President, Board of Trustees – Healthcare REIT

Assembled initial portfolio of $250 million of healthcare assets and successfully completed an initial public offering of $125 million of common stock

· Achieved immediate listing on NYSE

· Grew asset base to approximately $400 million in 18 months

· Assembled and supervised a management team for financial reporting, asset management, and investment origination and administration

· Obtained $140 million commercial bank line of credit

· Led investor relations effort including all IPO road shows, private financial presentations, investor forums, industry conferences and workshops

Genesis Health Ventures, Inc., Kennett Square, PA 1992 – 1997

Senior Vice President of Development – NYSE Healthcare Company

· Directed mergers and acquisitions activity in excess of $1 billion, including public and private long term healthcare companies, numerous institutional pharmacy companies and therapy and ancillary care companies

· Managed real estate development department whose activities included construction of new assisted living and skilled nursing projects, as well as supervision of retirement community development and finance for third party clients with project volume in excess of $100 million per year

American Community Environments, Corp., Philadelphia, PA 1989 – 1992

Chief Executive Officer, President and Founder – Healthcare & Retirement Communities

· Formulated and implemented property acquisition, expansion/renovation and new development plans for Genesis Health Ventures, Inc.

· Managed development and finance activities for a $350 million life care retirement non-profit foundation

· Negotiated and closed over $150 million of acquisitions, corporate and tax exempt bond and bank financings

WesTerra Development Corporation, San Diego, CA, Tysons Corner, VA 1982 – 1990

Chief Executive Officer, President and Founder – Office & R & D Developments

· Formed a family of wholly-owned real estate development, finance, construction and management companies

· Developed suburban commercial office, industrial and residential projects including a top security research center for the National Security Agency

· Projects totaled approximately $150 million

Torrey Enterprises, Inc., La Jolla and San Diego, CA 1972 – 1982

COO, CFO & Treasurer – High Rise Hotel and Office Development

· Directed and supervised development of $400 million of commercial properties. Specifically, developed from land acquisition through design, construction, financing and marketing projects such as:

Columbia Center, San Diego – 27 story office $ 80 MM

Marriott Hotel and Marina, San Diego – 25 story hotel $125 MM

Numerous office and residential development projects $100 MM

· Operated businesses in a) food and beverage including several restaurants and a private club with over 500 personnel, and b) owned/managed Fixed Base Operators (FBOs) in California and Idaho including Part 135 charters, aircraft leasing, service and maintenance. Bought and sold jet and prop engine planes and advance delivery positions

Ernst & Young, Philadelphia, Pa. & San Diego, CA, CPA- Supervisor 1975 – 1978

Fidelity Bank, Philadelphia, PA, Financial Analyst, Lending Officer 1972 – 1974

EDUCATIONAL AND PROFESSIONAL CREDENTIALS

Bachelor of Science

Lehigh University – June, 1972; Economics

Graduated with honors and on Dean’s List

Master of Business Administration

Lehigh University – December, 1974; Finance

Certified Public Accountant

California and Pennsylvania – 1975-1980;

General Contractor License

B-1 License – State of California

Board Memberships

Have served on boards of numerous private and public companies and service organizations