Richard Zigler

Principal @Cypressbrook Company

Sourced investment opportunities, underwrote potential properties, negotiated PSAs, secured financing for all acquisitions. Asset manager for 1,419-unit multifamily portfolio, provide strategic guidance, market position analysis, operational oversight, and construction management for assets in portfolio. Served as a principal at Cypressbrook Capital Partners, arranging debt and equity financing for commercial and multifamily real estate. Achieved 18% first year rent growth following acquisition and $2.5 million renovation of 330 unit multifamily property. Achieved 20% rent growth over 3 year period following acquisition and one-half million dollar renovation of 184 unit multifamily property. Achieved 21% rent growth over 3 year period following acquisition and minimal renovation of 60 unit multifamily property. Took over Asset Management of failing property with feuding partners that lacked sufficient cashflow to pay vendors and by boosting occupancy and reducing expenses facilitated a sale that allowed investors to achieve IRR in excess of 12%. Arranged construction financing for suburban apartment development, obtaining 70% leverage, limited recourse financing at rate below 3.5%. Led sale process for 349-unit suburban multifamily property under asset management, achieving best-in-class pricing.