GLOODT REALTY ADVISORS, INC.

 

Commercial Real Estate Investment Services
Underwriting & Due Diligence Sevices
Valuation/Appraisal Services

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PETER H. GLOODT
Oak Brook, IL 60523 (708) 359-8544
pgloodt@gloodtvalue.com

SUMMARY OF SKILLS

• Central role in the acquisition review of 200+ properties and loans (CMBS & hard money) since 2004 with a combined value of $750 million, personally sourced $100 million of these deals ("Acquisition & Deal Sheet" provided on request).
• 25 years commercial real estate experience in acquisitions/investment, work-outs, valuation/appraisal, mortgage investment, asset management, financial analysis and underwriting.
• Strategic thinker and creative problem solver in advising lenders, developers, and investment companies.

EDUCATION

• Master of Science in Real Estate, University of Wisconsin, Madison, WI, 1983
• Bachelor of Science in Business Administration, University of Florida, Gainesville, FL, 1980
• MAI Designation, Appraisal Institute
• Illinois Real Estate Salesperson License
• ISHC Designation International Society of Hospitality Consultants, 1997-2002
• Taught commercial real estate finance at DePaul University, Chicago, IL

WORK EXPERIENCE

GLOODT REALTY ADVISORS, INC., Chicago, IL 2002-Present
Services: Commercial real estate underwriting, acquisition services, and valuation consulting see www.gloodtvalue.com
Position: Owner & Executive Director. Real estate advisory services including: acquisitions/investment, valuation/appraisal, mortgage investment and financing (some CMBS), asset management, work-outs, financial analysis, underwriting, and developed hospitality valuation practice. Managed up to 3 professionals.

Representative Consulting Assignments:
Large investment and mortgage banker in Chicago area:
• Senior Underwriter for high yield loan portfolio and commercial property acquisitions.
• Acquisitions underwriting for $30 million acquisition of a 9-building business park, $17 million acquisition of 13 single tenant office buildings, $4.5 million acquisition of a 70,000 sf office center.
• Hard Money Loan Underwriting, responsible for credit analysis of borrower's personal and business finances; valuation of asset; structuring hard money loan; determination of exit strategy and maximum loan exposure; negotiate loan structure, coordinate outside services (engineers, appraisals, credit reports, environmental, etc.); conducting market research; verifying hard money loan applications. Underwriter for 10-15 hard money loans.
• Author of improved underwriting standards and procedures and in-house credit underwriting training.

Large national commercial mortgage banking company:
• Responsible for credit analysis of borrower & business; collateral valuation; managing third-party consultants (engineers, appraisals, credit reports, environmental, etc.); loan structuring; market research.
• Completion of in-house credit underwriting training process.
• Underwriting and financial analysis of the following deals;- Hampton Inn-Orlando (130 room hotel; $12.5 million value)
- U-Stor-It Self Storage Portfolio-Chicago Area (4 complexes; 2,660 units & 321,526 sf GBA; $30.4 million value)
- Holiday Inn Express-Glenwood Springs, CO (65 rooms; $7.2 million value)
- Hampton Inn-Glenwood Springs, CO (70 rooms; $7.9 million value)

Resume of: Peter H. Gloodt
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GLOODT REALTY ADVISORS, INC., Chicago, IL 2002-Present
(Continued)

Medium-sized real estate developer/investor and asset manager in Chicago area:
• Collaborated and partnered with owner, financial partners, clients, and associated legal advisors assisting as a key underwriter for high-value property acquisition and development initiatives.
• Key player in sourcing, negotiating jv agreement, due diligence research, investment modeling for a proposed hotel/conference center for Northern Illinois University in DeKalb, IL.
• Identified prospective in-fill development deals in targeted urban areas for the Chicago urban development, and provided general acquisition, underwriting, and asset management services for 50+ opportunities.

Medium-sized real estate developer/investor and asset manager in Chicago area:
• 247-unit high-rise condo development with significant retail, and parking in downtown Chicago. Responsible for modeling and financial analysis of $145+ million construction loan, $30+ million mezzanine loan, $2-$5 million investor capital to ensure timelines and profit goals met or exceeded.
• Acquisitions: Acquisition services, due diligence, and financial analysis resulting in: $12 million offer for hotel/office mixed-use redevelopment in Chicago; $17 million offer for office building in Evanston, IL; $15 million offer for office in Skokie, IL.
• Asset Management: financial analysis for a 24 unit apartment complex.

US REALTY CONSULTANTS, INC., LaGrange, IL 2000-2002
Services: Commercial real estate appraisal and hospitality consulting company
Position: Director, Chicago Hospitality Valuation Practice
Projects: River East Center Hotel/Retail/Condo MXD- Chicago; Hotel Aspen- CO; Austin Marriott Hotel- TX

LANDAUER HOSPITALITY GROUP, Chicago, IL 1997-1999
Services: Commercial real estate appraisal and hospitality consulting company
Position: Director Midwest Hospitality Valuation Practice. Managed Midwest hospitality valuation practice for national consulting firm with over $2 million in revenues.
Projects: Harley Hotel Portfolio (14 hotels US); Chicago Hilton & Towers; Von Trapp Lodge, VT; Baltimore Marriott Inner Harbor

GLOODT ASSOCIATES, INC., Hinsdale, IL 1989-1997
Services: Founded national real estate consulting firm with 15-25 professionals and offices in Illinois and Wisconsin. Peak revenues of $1.8 million.
Position: Owner & Executive Director. Responsible for management of firm, developed new service lines, specialized in workout, foreclosures, financial analysis and due diligence and hospitality valuation practice.
Projects: Snowmass Lodge, Aspen, CO; Gateway IV Office, Chicago; Chatswood Connection MXD- Sydney, Australia; Art Deco Hotels (5)- Miami Beach, FL; Montreal Commercial Portfolio (9 properties)- Canada; Louisiana Downs Racetrack, New Orleans, LA;
55 East Monroe Office- Chicago; Boeing Office/Industrial Portfolio (7 bldgs)- Seattle MSA; Atlanta Apparel Mart- Atlanta; Little Nell Resort- Aspen, CO; Westin Diplomat Resort- Miami, FL; The Garlands CCRC- Barrington, IL; Collins Station Power Plant- IL

PANNELL KERR FORSTER, Chicago, IL 1984-1989
Services: National public accounting and hospitality consulting firm
Position: Manager- Appraisal and Hospitality Consulting
Projects: Embarcadero Office/Hotel MXD- San Francisco, CA; Hyatt - Waikoloa, HI; Hyatt- Kauai, HI; Bonaventure Hotel- LA, CA

HAROLD DAVIDSON & ASSOCIATES, Los Angeles, CA 1983-1984
Position: Senior Commercial Real Estate Appraiser