Adler's management team is made up of experienced executives that are highly skilled in their respective fields, providing the Company the ability to successfully execute a wide variety of business plans. Below are brief descriptions of our executive management team.
Michael
S. Adler, President - MAI, CPM
Mr. Adler, as President and CEO of Adler Realty Investments, Inc., is
actively involved in a broad spectrum of real estate investment and development
projects. His market insight, analysis and leadership skills enable the
firm to consistently meet and/or exceed market returns on its investments.
While serving as President of Adler, Mr. Adler has acted
as general partner, manager and investor in a multitude of real estate
projects worth over $600 million. Many of these projects consisted of
"value added opportunities" whereby the property was purchased
having a high level of vacancy and neglect. Mr. Adler and his team instituted
the renovation, redevelopment and management expertise required to bring
the properties to a stabilized and profitable condition. Additional projects
include the entitlement and development of land for residential, industrial
and commercial use, and institutional grade stabilized properties where
the management team maximizes cash flow and investor return.
Mr. Adler is a graduate from the University of Denver with a degree in
Business Administration, majoring in Real Estate and Finance. He obtained
a MAI designation from the Appraisal Institute, and a CPM designation
from the Institute of Real Estate Management. Mr. Adler is a member of
the Urban Land Institute and International Council of Shopping Centers
(ICSC).
B. Keith Grossman, CFO - CPA
Mr. Grossman oversees financial and corporate operations for Adler. Mr. Grossman, previously with Price Waterhouse, was involved in the auditing of publicly and privately owned companies. His experience included initial and secondary offerings and related reporting, with additional clients in the health care, manufacturing, finance, real estate, restaurant and non-profit industries. After leaving public accounting he worked for various privately held organizations. His responsibilities included all aspects of accounting systems implementation, reporting, financial strategies, human resources, cost management, risk management, contracts, information technology, and financial planning and analysis. He is a graduate of USC with a degree in Accounting.
Richard S. Gable - Managing Director,
Acquisitions & Investor Relations
Mr. Gable directs the acquisition team and secures the debt and equity financing for Adler Realty's investments. In addition, with Michael Adler, he serves as the primary contact to the firm's institutional and private investors. During the last six years at Adler, Mr. Gable has negotiated over 40 loans totaling over $400 million of debt and supervised over $350 million in acquisitions.
In his role as Managing Director, Mr. Gable provides leadership, strategies, and finance expertise for the acquisition of investments, as well as being one of the three members of the firm's Investment Committee. Mr. Gable is also responsible for investor relations, which includes presenting and interpreting investment opportunities, and providing equity partners with status reports on their investments.
Mr. Gable has over ten years of commercial real estate experience, with a focus on the financing, leasing and sale of office, industrial, and retail properties. Prior to joining Adler Realty Investments, he was President and Chief Operating Officer for a successful start-up internet service provider which grew to 125+ employees. Mr. Gable was instrumental in its growth and eventual sale for $450 million dollars. Mr. Gable graduated from the University of Pennsylvania and is a licensed real estate agent in California and Pennsylvania.
Chris Engel - Director, Acquisition
As Director of Acquisitions, Mr. Engel is responsible for, and is the primary contact for acquisitions for the company. Prior to joining Adler Realty, Mr. Engel has served as Director of Acquisitions for both Rexford Industrial and the Abbey Company. Before his career in commercial real estate acquisitions, Mr. Engel spent 7 years as an investment sales broker with CBRE in Los Angeles where he focused on office & industrial Investments. Mr. Engel holds a Master’s degree in Real Estate Development from the University of Southern California and Bachelors degree from the University of California, Riverside in Business Administration.
Alan D. Sher, Senior Director, Asset
Management - CPA
Mr. Sher is responsible for overseeing property operations for the company's properties located outside of Southern California. In this capacity, he performs asset management functions of the company which include: developing, implementing and monitoring investment business plans, negotiating leases and the renovation, repositioning and disposition of the portfolios. In his previous position as CFO of Pacifica Capital Group, Mr. Sher was responsible for financial reporting to principals and investors on over $400 million of commercial and industrial real estate investments.
Mr. Sher has over 20 years experience in financial reporting, public accounting and property management disciplines. He holds a degree in accounting from the University of Cape Town and is a licensed Certified Public Accountant and California Real Estate Broker.
Tae Nam, Senior Director, Asset
Management
Mr. Nam oversees asset management of the company's Southern California portfolio, which includes business plan development and implementation, on-going investment and financial analysis, and identification of profit-maximizing opportunities.
Prior to joining Adler Realty he served as Executive Vice President at a large real estate investment company in Southern California, where he helped oversee asset management, acquisition, disposition, leasing, and operations for a $3 billion real estate portfolio. A seasoned real estate veteran, he has participated in acquisition of over $600 million of real estate and has structured and completed over $400 million in real estate lease transactions.
He has a B.A. from The Johns Hopkins University and an MBA in Finance from The Wharton School-University of Pennsylvania.
Karen M. Davies - Senior Director, Due Diligence
Karen Davies serves as Vice President, Due Diligence for Adler Realty Investments, Inc. and brings over 20 years of real estate experience to the company, with extensive acquisition, valuation and property management experience. Ms. Davies is primarily responsible for managing all phases of the due diligence process for the company's acquisitions, including financial underwriting and valuation analysis, physical/environmental assessment, and legal matters. In addition, Ms. Davies interacts with principals, attorneys, and lenders and directs all acquisition and disposition transactions through closing. Ms. Davies also manages assessment appeals, and is responsible for condemnation and title matters pertaining to the company's assets. During her tenure at Adler Realty Investments, Ms. Davies has completed acquisition and disposition volume totaling over $400 million. Prior to joining Adler, Ms. Davies was a senior commercial appraiser with Sommer, Adler & Company, providing high level evaluation analysis.
Oscar A. Estrada - Senior Controller
Mr. Estrada joined Adler Realty Investments in 2002 as Senior Controller. Mr. Estrada is responsible for all accounting and reporting functions for the ARI property portfolio.
Mr. Estrada has been in the real estate industry's accounting discipline since 1993. He has been employed by Tishman Midwest, E & S Ring, and Trammell Crow Companies. During his tenure at Trammell Crow Companies, Mr. Estrada was responsible for leading a team of six senior accountants in the accounting function for acquisition, development, management and disposition of assets totaling over 10 million square feet of Office, Retail and Industrial assets. He was also responsible for managing the monthly reporting of these assets for clients such as AMB, The Archon Group and Crow Holdings. His most recent role prior to joining ARI was Controller for Newport Beach based developer Hopkins Real Estate Group where he oversaw the full accounting operations associated with the horizontal and vertical development of retail centers nationwide.