Project Restructuring & Recapitalization Advisory to Lenders and Investors
Mr. Makebakken is the owner of MS Development Holdings, LLC, a full service development company headquartered in Phoenix, AZ. MS Development Holdings LLC has 12 entity LLC's under its management umbrella.
Mr. Makebakken has managed over $300 million on a managed account basis for private investors in more than 25 holding companies and limited liability corporations. He is a 25-year veteran of the real estate and construction industries, with experience directing all disciplines associated with the management and execution of real estate based businesses. Mr. Makebakken began his career as a general contractor specializing in retail construction. In his career he has constructed and personally managed the construction of Class A office, industrial flex office and distribution buildings, retail buildings and low-rise hotels. Mr. Makebakken offers a construction oriented approach to the real estate development process: a contractor's logical approach with a developer's creative 'deal-structuring' ability.
Mr. Makebakken has successfully constructed and developed over 500 commercial buildings over the past 25 years, with a construction value of more than $100 million. He maintains a proven and fortified alliance with many national and regional credit tenants. Mr. Makebakken also has several institutional and national lending relationships, all of which are an integral part of the Partnership's ability to secure needed financial backing on mutually beneficial assets. In 25 years, Marc has preserved investors' principal and has consistently produced average annualized IRR's of 13-15 percent and an average ROI of 175 percent.
Mr. Makebakken has sat on several boards in his career including, International Council of Shopping Centers (ICSC) regional Board of Directors, National Conference of Community and Justice (NCCJ) and the Leukemia Society of America. Mr. Makebakken is presently an Advisory Board Member of Goldwater Bank based in Scottsdale, Arizona.
Mr. Cecil has 30 years of real estate experience as a principal and intermediary in commercial, residential, hospitality and retail property in the major U.S. metro markets including extensive experience in restructuring and repositioning properties.
Mr. Cecil has completed hundreds of real estate transactions involving many billions of dollars of property. He has been called upon to serve as an expert witness and has held senior management positions in both public and private companies engaged in real estate ownership, finance and development.
Mr. Cecil completed both his undergraduate and graduate work at Columbia University, receiving a B.S. (economics) and an M.B.A. (finance). Mr. Cecil served as Managing Director of Barrington Equities, LLC, a developer and owner of multi-family and commercial property in Manhattan and elsewhere. Beginning as a consultant in 1998, Mr. Cecil became the number two executive (C.O.O.) to the company's owner, acquiring, developing, managing property in Manhattan. The company's most recent project, Greenwich Place Condominium (NY, NY) sold out for $70,000,000 in 2008, providing superior returns to investors.
In 2001 Mr. Cecil and a partner created a new financial guaranty insurance product and, partnering with Castle Point Holdings, Ltd, founded a new insurance company, INSURENTsm. INSURENTsm provides the first institutional guaranty to apartment renters to enable them to secure the apartment they seek. From 1994 to 1997, as Managing Director of Granville International (New York, NY), Mr. Cecil was an advisor to investors and property owners including China Investment Bank (PRC) on acquisitions, financing and leasing in the U.S., completing transactions with LVMH and Casio among others. From 1991 to 1993 Mr. Cecil was Senior Vice President of Banca Commerciale Italiana Capital Corp (New York and Milan) and was responsible for the start up of its global cross-border acquisitions/financing advisory. From 1989 to 1991 Mr. Cecil was Managing Director of Cecil, Evans Partners (New York, Chicago, Los Angeles) where he co-managed this real estate consulting firm advising, among others, the Saudi Royal Family on acquisitions in the U.S. Key transactions included the acquisition of a Marina Del Rey, CA portfolio of 3 hotels, 3 multi-family properties, two retail centers, commercial office building, marina facilities with 1100 boat slips and 2 development sites. From 1987 to 1988 Mr. Cecil was a merchant banker as a Managing Director of Hong Kong based Asian Oceanic Group and President of Asian Oceanic Real Estate Corporation. Transactions included mezzanine financing to acquire and develop the Hoboken Shipyards (NJ), The Charlestown Navy Yard (Boston) and the acquisition of over 30,000 hotel rooms, creating one of the world's then largest hotel companies. In 1985 and 1986 Mr. Cecil was a consultant, providing acquisition and financing advisory services to The Travelers Companies, Davis, Kahn Investors and Vanguard Investors.
From 1980 to 1985 Mr. Cecil served in various posts at Royal Business Funds Corp. (ASE & NASDAQ), a real estate investment company with assets in major metro areas in eight states including New York, Florida, Connecticut, Massachusetts, Colorado, New Jersey and North Carolina and Pennsylvania. Mr. Cecil began as an Asset Manager and rose to become Executive Vice President and C.O.O. of the parent company and President of all subsidiaries. Royal had equity and mezzanine investments in over 2,000,000 sf of commercial office, multi-family residential, SFH residential, retail, hospitality and resort property which Mr. Cecil restructured, refinanced, joint ventured, developed and sold. After completing business school, Mr. Cecil joined Bankers Trust Co. in New York, completing the executive credit training program and working in Mergers and Acquisitions.
Mr. Cecil is affiliated with Urban Land Institute (ULI); Institute of Real Estate Management (IREM); Columbia Graduate Business School Ambassador. Co-Founder, Columbia Real Estate Association. Board Member, Concerned Residents of North Salem.
Beyond his CPA experience with a big four public accounting firm, Jeff has broad experience in the operational and development aspects of fast growing real estate investment companies as well as the intricacies of specific property re-structuring and financing. Jeff has been successful in partnering finance and reporting with operations to drive long-term gains in business performance, revenues, company value and bottom-line profits. As a CFO, strategic planner and problem solver, Jeff brings highly developed negotiation and transaction skills that compliment those of the other team members.↑ To the top
Mr. Larson serves as an Investment Analyst for the Partnership. He has over 35 years of experience in real estate and commercial real estate development. He served as Director of Development for Associated Food Stores in Salt Lake City.
As director of real estate, Mr. Larson Supervised the design, construction, and financing of 15 grocery anchored shopping centers in Utah, Nevada, Montana, Colorado and Idaho, with just over one million square feet of retail leaseable space developed. Mr. Larson headed a small subsidiary of Associated Foods called Market Development Inc. In 1997 Market Development Inc. netted a $3.6 million profit with only five employees, primarily from development fees.
Mr. Simis joins MS Development Holdings, LLC as the Senior Vice President & National Manager, Construction after 31 years as founder and past President of Simac Construction, a nationwide General Contractor and Development Company; which maintained five offices with over 200 employees.
He is responsible for construction of over 1,000 projects totaling millions of square feet of all property types. Mr. Simis’ has expertise in all facets of construction and building types, with extensive knowledge in planning and construction costs to ensure accurate forecasting and completion of projects. He developed commercial and residential projects in multiple states and was a past President of the Association of Building Contractors.