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MICHAEL R.

FRIEMAN
506 Trenton Street 303-882-8151
Denver, CO 80230 mf7635e2@westpost.net
ASSET MANAGER
A creative real estate professional who enhances real property asset value
and solves real property problems.
a Financial Analysis/Reporting: Prepare a quarterly investor report discussing
leasing and the current market, budget vs. actual vs. pro-forma variances and ca
pital expenditures. Prepare lease valuation analyses, hold/sell analyses, strat
egic business plans for commercial/retail portfolio/multi-family and ad-hoc prop
erty valuation analyses.
a Transactions: Have leased and renewed approximately 1,000,000 sq. ft. of offi
ce and retail space, helped acquire 20 office and retail properties and sold fiv
e separate properties.
a Portfolio Management: Work with third party property management teams and in-
house management to prepare capital and operating budgets for multi-state, 20+ p
roperties portfolios encompassing more than 4.5 million square feet. Very invol
ved in capital expenditures to maintain and enhance asset value. Strong supervi
sory experience of third party property management/leasing/sales service provide
rs.
PROFESSIONAL EXPERIENCE
TRIPLE NET PROPERTIES, Denver, CO, March 2001 a" September 2008
Vice President/Asset Manager
Promoted to Vice President in 2006 to be the multi-family divisionas asset manag
er. Helped acquire 27 properties (9,500 units, $535,000,000) in a seven state r
egion completing due diligence and market investigation. Managed more than $3mm
dollars of value add capital improvements. Supervised five 3rd party property
management vendors.
Senior Asset Manager 2001 - 2006
Managed a Class B/C nationally located 4.5 million square foot, $500 mm value re
tail, office, NNN office/flex commercial, 21 property, portfolio held as direct
investment, non-traded REIT, and TIC assets. Actively teamed on the acquisition
of more than a quarter billion dollars of commercial real estate which included
initial physical property and market analysis due diligence, assist in preparat
ion of pro-formaas and working with capital markets mortgage bankers and lender/
analysts on the financing of same. Sold more than $60mm dollars of commercial p
roperty.
a Closed several multi-million dollar leases with Fortune 100 and government ten
ants, including review of lease proposals, negotiation of terms and conditions a
nd business points in a national portfolio from the east coast to the Rocky Moun
tains. These included King Soopers, Lockheed Martin, Blue Cross, Northrop Grumm
an, Starbucks(R) (build to suit) and Taco Johns(R) (land lease).
a Negotiate funding for and coordinate construction efforts to maximize asset va
lues through capital improvement for several value add assets. Includes $2MM fi
re/safety renovation of 20-story office building in Nashville, installation of $
4MM roof replacement on 10 story office building in St. Louis as well as hallway
lighting re-fixturing, restroom renovation, landscape upgrades, new retail sign
age, parking area repairs, lobby redecoration.
a Assist in the analysis and selection of acquisition and disposition candidates
. Select and manage lease listing and property management companies, evaluating
and negotiating lease offers to acceptance. Conduct tenant interviews, financi
al performance evaluation analysis including appraisal of operating results and
marketing plans. Review estoppels and SNDAs, third party due diligence reports
including environmental, engineering and appraisals.
a Assist in compilation and approval of annual budgets. Complete monthly manage
ment report review. Daily interaction with partners, REIT officers, investors,
capital markets lenders and corporate senior officers on a daily basis. Quarter
ly financial and asset report writing.
a Excellent written and spoken communication skills. ARGUS literate.
TAUREAN.COM, Lone Tree, CO, 1999 a" 2001
a Start-up adot coma that developed and marketed an Internet-based automated hom
e appraisal service to lenders and consumers. Company sold to AVM competitor.
STATE OF COLORADO, Denver, CO, 1996 a" 1999
Real Estate Specialist
a Managed 2.5MM square feet of leased space in Colorado and two outsourced leasi
ng brokerage contracts for 1MM square feet.
a Supervised over $1MM in real estate acquisitions and dispositions.
a Drafted contracts and documentation for urban and rural land easements, rights
-of-way, building licenses, and commercial leases. Built and administered lease
inventory database.
ASSET CONSULTING GROUP, Denver, CO, 1994 a" 1996
Principal
a Operated consulting firm while earning Masteras degree at University of Denver
. Accepted short term appraisal assignments.
a Performed cell tower acquisition services for wireless telecommunications comp
anies, inclusive of due diligence and appraisal assistance.
COOPERS & LYBRAND, Denver, CO, 1991 a" 1994
Asset Manager / Appraisal Reviewer
a Analyzed 150 REO commercial properties for a $500MM portfolio.
a Negotiated sales for over 20 commercial real estate investments.
a Wrote asset management business plans, including operating income and expenses
, capital expenditure budgets, sales and marketing plans, and yield analyses.
FALK & SMITH ASSOCIATES, Denver, CO, 1985 a" 1991
Commercial Real Estate Appraiser
a Started as apprentice and promoted to commercial appraiser completing full nar
rative reports of multi-million dollar commercial, retail, warehouse, multi-fami
ly properties, and development land. Completed five week- long MAI classes.
PROPERTY MANAGER, WASHINGTON D.C. AND DENVER, CO
Multiple years of property management experience with Landlords and fee shops.
Started as trainee in Washington D.C. and learned budgeting, collections, mainte
nance and repair, lease administration, and marketing. Management portfolio ass
ignments in Washington and Colorado which included multi-family, garden apartmen
ts, suburban and CBD and suburban office property, grocery-anchored retail strip
centers, and community-sized malls.
EDUCATION
Master of Science, Burnas School of Real Estate and Construction Management, 199
6
University of Denver, Denver, CO
Bachelor of Arts in Political Science & Business, Ithaca College, New York, NY
Professional Training:
a Appraisal Institute, 185 hours of MAI Appraisal Courses
a Employing Real Estate Brokeras License in Colorado and 10 other states. Conti
nuing Education consists of CLE (legal) seminars concerning real property transa
ction contracts, lease agreements, environmental assessment,