Adarryl Dreher's Email

High-energy, entrepreneurial individual with diverse real estate experience including commercial valuation, acquisitions, dispositions, property management, and affordable housing. Experience in multifamily, office, industrial, retail, and mixed-use properties. Excellent analytical skills including Excel and Argus financial modeling. Transaction experience includes acquisition due diligence on over $1 Billion in commercial real estate. Valuation and due diligence on hundreds of residential and commercial properties. Excellent communication, leadership, and management skills with the proven ability to step into new environments, master challenges and make immediate contributions. MBA and candidate for the CFA designation.

Director of Asset Management @ Overall responsibility for the company’s asset management and acquisition activities. Manage a portfolio of direct and joint venture property investments to maximize total return for each assigned asset through the analysis of property inefficiencies and performance improvement opportunities. Develop property level strategies that include property positioning and capital improvement programs. Maintain effective management and financial communication with construction, property management and investment partners. Source and evaluate potential value add opportunities. Manage coordination of post-acquisition activities and integration of asset into the company’s ownership portfolio. From February 2014 to Present (1 year 11 months) Founder & Principal Consultant @ Launched a start-up real estate consulting services firm providing clients with co-investment analysis, property valuations, cash flow analysis, acquisition due diligence and disposition analysis across multiple industries including multifamily, industrial, office, retail, and residential. Acquisition due diligence on over $1 billion and disposition analysis of over $500 million. •Develop and modify complex financial models for acquisitions, dispositions, refinances, and evaluations using Argus and Excel. Financial models include Waterfall distributions and Joint Venture partnerships. •Create and modify templates and complex analysis models for the calculation and presentation of cash flow and/or P&L projections for leases, acquisitions, developments, sale/leasebacks, lease restructures, consolidations and dispositions. •Review due diligence items for potential acquisitions and refinances, organizing and filtering relevant information. •Evaluate co-investing opportunities on behalf of private investment funds. •Present and recommend optimal debt and equity capital options for potential acquisitions by balancing the investor’s business plan with their objectives. •Prepare investment memorandum for client review and distribution. •Edit and audit existing Argus models for errors and unreasonable assumptions. From December 2007 to February 2014 (6 years 3 months) Greater Pittsburgh AreaFinancial Analyst @ Work collaboratively with senior team members in evaluating and underwriting potential investments opportunities. Prepare strategic business plans for existing assets by analyzing existing portfolio operating statements, balance sheets, rent rolls, debt structure, expenses, cash flow and market conditions. Provide detailed analysis as to hold, sell or reinvest based on 10-year cash flow projections, IRR, and NPV. Direct preparation of capital and operating budgets, review actual performance against operating metrics and approved budgets. •Build and maintain Excel and Yardi Portfolio VMF models to project various financial returns and property values using DCF, income capitalization approach, cost approach, and capitalization rate analysis. •Work collaboratively with development team members in evaluating and underwriting potential investments opportunities. •Present strategic business plans and investments to senior management and the Board of Directors. From June 2012 to January 2014 (1 year 8 months) Greater Pittsburgh AreaPortfolio Manager @ Full P&L responsibility for 11 affordable and market rate properties. Prepared budgets and related pro forma analysis. Reviewed and approved capital expenditures. Solicited and obtained competitive subcontractor and vendor agreements. From April 2004 to November 2007 (3 years 8 months) Equity Analyst @ From February 2001 to April 2004 (3 years 3 months) Greater Pittsburgh AreaInvestment Operations Specialist @ From September 2000 to February 2001 (6 months) Greater Pittsburgh Area

MBA @ Point Park UniversityBachelor of Science, Information Systems Management @ Robert Morris University Adarryl Dreher is skilled in: Financial Modeling, Valuation, Property Management, Financial Analysis, Real Estate Transactions, Affordable Housing, DCF, Equity Research, Equity Trading, Real Estate Finance, Affordable Housing Finance, Argus Expert, Yardi Portfolio VMF, Asset Management, Real Estate Development