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Raymond Kivett
- Male
- Naperville, IL
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Profile Information
- City, Country (e.g., Tokyo, Japan)
- Chicago, IL
- Website of The Organization You Work for (e.g., www.JonesLangLasalle.com - Add Twitter Account if Available)
- Ridge Property Trust, www.rptrust.com
- Wants - What Would You Like from Fellow CREOPoint Members
- Market Intelligence, Networking, Distressed Assets, Capital, Job
- Haves - What You Could Offer the Community
- Market Information, Ideas, Contacts, Leads
- Profession (or Area of Study)
- Asset Management, Development, Fund Management, Investment, Pension fund, REIT
- Best Phone Number Including Country Code (if You Wish to Be Contacted by Other Members) and Twitter Account if Any?
- 001-312-543-8703
- Please Insert Your Resume/Credentials/Projects as You See Fit. Also add University and Associations If You'd Like to Reconnect with Friends
- EXECUTIVE SUMMARY
♦ Entrepreneurial leader with solid business acumen and 24+ years of progressive real estate experience.
♦ Career acquisitions over $2.5B & development over $375M in office, industrial, retail and multifamily assets.
♦ Dynamic executive mgt. team member versed in tactical planning, goal setting and profit enhancement.
♦ Outstanding leader with strong track record of building, training, and managing departmental teams.
♦ Superb organizational, multitasking, analytical/problem-solving, negotiation and communication skills.
♦ Myers Briggs personality type "ESTJ" - "The Mark of a Leader."
AREAS OF EXPERTISE
• Business Development
• Distressed & Stabilized Property / Portfolio Acquisitions
• Investment origination / Underwriting / Negotiation
• Market Analysis / Due Diligence / Closing Procedures
• Institutional & Private Client Relations Management
• Portfolio Development
• Innovation / Strategic Planning
• High Performance Team Training
• Recruiting & Career Development of Top Talent
• International Experience
• Accounting / Finance / Budget / Cash Flow
• Risk Management / Legal Matters
• Startups / Mergers / Acquisitions / Divestitures
• Board Relations
PROFESSIONAL EXPERIENCE
RIDGE PROPERTY TRUST
Chicago, IL 2004 – present
(80% OWNED SUBSIDIARY OF PRUDENTIAL FINANCIAL, INC.) TRADE SYMBOL: PRU – NYSE
A private REIT that is a leading provider of corporate real estate investment, financing services, and development specializing in state-of-the-art warehouse, distribution, and light manufacturing facilities throughout the US and Mexico. (www.rptrust.com)
Executive Vice President - Chief Investment Officer
♦ Locate, originate, analyze/underwrite, market, and acquire existing industrial property and development land
transactions in the $5-$100M price range on behalf of domestic pension funds and private investors with a total volume of $669.4M in completed transactions.
♦ Solely designed and implemented a Mexican investment business plan including the successful identification and
completion of two Joint Ventures with Mexican partners, establishment of an office in Monterrey, MX, hiring and
development of an international operating team leading to acquisitions of over 1.6M sf of buildings and 192.65 acres of land to be developed for a total investment in excess of $132.6M in less than a 3-year period. Acquisition portfolio
97%+ occupied at 10%+ COC returns.
♦ Serving as a key member of the executive team and right-hand person to the CEO, as well as liaison to the Board of Trustees, establish corporate direction and long-term strategy.
♦ Initial member of the founding Board of Trustees. Upon appointment as the Chief Investment Officer, directly over-saw the growth of the company from a single investment fund with $33M in 5 assets and 12 employees to three investment funds with $1.1B in 61 assets and 48 employees.
♦ Developed and implemented the first institutional-quality standards program for due diligence including underwriting, transaction approval packages, negotiation of legal documents, loan negotiations and oversight of environmental and engineering reviews. Streamlined third party consultant process, saving the company in excess or $500K.
♦ Hire, train, and manage entire acquisitions project management staff.
♦ Primary point of contact for all institutional investors; leader of all external investment reporting.
♦ 95% success rate in the preparation and presentation of investments for Board of Trustees approval.
PRUDENTIAL REAL ESTATE INVESTORS
Chicago, IL 1998 – 2004
(Wholly owned subsidiary of Prudential Financial, Inc.) Trade Symbol: PRU - NYSE
The real estate investment management business of Prudential Financial, offering a broad range of investment opportunities and management services. PREI, comprised of fund management centers in the US and throughout the world manages $44B of gross assets ($28.6B net) on behalf of more than 400 clients and is ranked among the largest real estate investment managers. (www.prudential.com/prei)
Vice President - Acquisitions
♦ Located, originated, analyzed/underwrote, marketed, and acquired either existing, pre-sale or development of office,
community shopping center, industrial and multi-family transactions in the $10-$250M price range on behalf of domestic pension funds with a total volume of $1.763B in completed transactions.
♦ Directed all due diligence including underwriting, negotiation of legal documents, loan negotiations, and oversight of environmental and engineering reviews.
♦ Responsible for the direct solicitation of over 130 new development partners and/or owners resulting in over 50% of all transactions being completed on a direct basis.
♦ 100% success rate in the preparation and presentation of investments for Investment Committee approval.
DUNDEE AMERICAN PROPERTIES
Dallas, TX 1997 – 1998
(Wholly owned subsidiary of Dundee REIT) Trade Symbol: D.UN - TSX
Publicly traded REIT specializing in acquisition and management of high quality affordable office and industrial assets with a portfolio over $1B. (www.dundeereit.com)
Vice President - Acquisitions
♦ Located, originated, analyzed/underwrote, marketed, and acquired either existing, pre-sale or development of office,
community shopping center and industrial transactions in the $7-$100M price range on behalf of Canadian Stockholders, German institutional funds, and European investment clients.
♦ Directed due diligence in the acquisition of over $82M of real estate in approximately 10 months yielding an average of 10% cash returns.
♦ Sourced, negotiated, and closed Wall Street conduit loans and life insurance company loans on 100% of acquisitions at 50% to 80% loan to values.
♦ Designed and executed the acquisition campaign in a Canadian (TSX) initial public offering and simultaneous corporate merger.
♦ Authored U.S. Acquisition Strategy for initial/on-going public company operations.
♦ Directed acquisition efforts on a nationwide basis and department functions including strategy, budgeting, staffing, and administrative operation.
L&B REALTY ADVISORS, LLP, Dallas, TX
(Formerly the Lehndorff USA Group of Companies)
An institutional real estate advisor investing in all major property types throughout the United States with assets under management of $3.7B. (www.lbgroup.com)
Associate Director Acquisitions 1990 – 1997
♦ Located, originated, analyzed/underwrote, marketed, and acquired either existing, pre-sale or development of office,
major retail, and industrial transactions in the $10-$250M price range on behalf of domestic pension funds, European, and Japanese investment clients.
♦ Directed all due diligence efforts in the acquisition of over $372M of real estate located in the U.S. West of the
Mississippi River and select Eastern markets.
♦ Managed and reviewed departmental staff to successfully complete time/client sensitive acquisitions, projects, and reports.
Accounting Manager 1988 – 1990
ARTHUR ANDERSEN & COMPANY
Dallas, TX 1985 – 1998
Audit Senior
OTHER PROFESSIONAL EXPERIENCE
ARTHUR ANDERSON & COMPANY
Chicago, IL 1991 – 2001
Professional Consultant
♦ Authored and annually taught the Real Estate Due Diligence course at the AA&Co. World Headquarters facility.
A "Top Ten" world-wide rated course.
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