ASSET MANAGEMENT & GOVERNANCE
Chad brings a wealth of knowledge & experience to the leadership of several entities actively involved in the acquisition, operational improvement, and disposition of commercial multifamily properties.
Managing Director of Southwest Montana Properties, Chad is responsible for organizational vision as well as the asset management of multiple apartment communities, including those with mid-rise, low-rise, & garden style, improvements, in addition to a portfolio of small multi & single family properties. Current portfolio includes market properties as well as those operating under HUD Project Based Section 8 HAP contract, Section 42 LIHTC contract, and post Section 236 conversion. Passionate for turning around under-performing assets, Chad’s current portfolio includes only properties which have become top performers in their asset class.
Chad has demonstrated success in the asset management, & conversion of properties operating under HUD HAP contracts & related use agreements. Grandview Plaza is an example of a very complex Section 236/Section 8 conversion where in the 18 months following acquisition, economic occupancy rose from less than 85% to greater than 97%, revenue increased more than 50%, operating expense decreased more than 23%, and market value increased by 150%+, all concurrent with the completion of a number of strategic capital intensive projects.
Throughout his career, Chad has established and built upon longstanding relationships with key regional & national commercial real estate specialists. These strategic alliances with experts in law, asset management, property management, cost segregation, architecture, planning, construction, and related fields translate into an ability to maintain consistent performance through widely varied sets of market conditions.
Chad holds a degree in business administration from Cal Poly University, Pomona, and he is an active member in the Montana Landlord’s Association. Chad serves on the board of Petra Academy, a K-12 classical Christian school located in Bozeman Montana.
ACQUISITION & FINANCIAL OVERSIGHT
With a passion for scouring the real estate landscape for exceptional investment opportunities, Brad is able to leverage his institutional experience with a focus on investor returns that has resulted in many highly successful investments over the years.
Leading the acquisitions effort at Southwest Montana Properties, Brad utilizes his investment evaluation skills to find creative solutions to source and acquire multi-family properties that deliver excellent returns for the company’s stakeholders. He has been instrumental in acquiring assets in several strategic markets that are on track to generate over 10% annualized cash-on-cash returns and over 20% average annual ROI to investors. Brad is also able to put his genuine enjoyment of his peers to good use in partnering with well-established real estate professionals.
Prior to joining Southwest Montana Properties, Brad spearheaded the investment analysis and financial reporting of the Yellowstone Club in Big Sky, MT, the world’s only private ski and golf community. He evaluated capital deployment decisions on development and operational initiatives and assisted in successfully securing project financing in a challenging lending environment for speculative multi-million dollar mountain retreats. His time at YC was highlighted by effectively contributing to the institutional focus of the return on investment by using his analytical, creative, and consensus-building skills to produce great results.
Brad first entered the real estate investment world as a member of the Acquisitions Team for AMB Properties, a publically-traded industrial REIT that later joined with Prologis [NYSE: PLD] in a merger-of-equals that created the world’s largest owner of industrial real estate. During his time at AMB, he played a critical role in investing over $180MM and over 2MM square feet on acquisitions of strategically-located, class A and B distribution centers located on the eastern seaboard of the United States and Canada. He was actively involved in negotiations, led the underwriting and due diligence efforts, and fostered close relationships with key brokerage communities in multiple East Coast markets.
Brad earned his MBA from Babson College, the globally recognized leader in entrepreneurial studies, and holds an undergraduate degree in business from Montana State University.