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This version of NSU News has been archived as of February 28, 2019. To search through archived articles, visit nova.edu/search. To access the new version of NSU News, visit news.nova.edu.
This version of SharkBytes has been archived as of February 28, 2019. To search through archived articles, visit nova.edu/search. To access the new version of SharkBytes, visit sharkbytes.nova.edu.
Real Estate Graduate Works on $100 Million Deal
The OMNI & Hilton Downtown in Miami has been acquired by a real estate joint-venture of leading investors formed to acquire the distressed senior mortgage. 2009 MBA+RED graduate, Brad Williamson, an executive at Tate Capital, played an integral role in getting the deal across the goal line. Williamson was instrumental in underwriting, structuring, and the due diligence process that resulted in the successful purchase of the property’s senior mortgage.
Brad Williamson, Tate Capital
To understand this complex transaction – nearly 1.5 million square feet of retail, office, parking and event spaced anchored by a 527-room Hilton Hotel – Williamson built a multivariate financial model to analyze a myriad of options that helped the investors and their investments banks structure the financing and close the complex transaction within a tight time frame.
In working on this $100 million plus deal, he noted that the “NSU Real Estate program enabled me to maximize my financial analysis skills and development knowledge on this project by successfully evaluating a mixed use project with multiple future uses.”
Previous to his role at Tate Capital, Williamson worked at GE Capital Real Estate as an Associate Director where he participated in the financing of over $750 million of commercial real estate throughout the United States. He said that enrolling in the Huizenga School’s Real Estate Program “enabled me to be a vital team player for both a Fortune 500 company while in school and following graduation to join a leading private investment firm and further my success in the commercial real estate industry.”
Press Information about the Omni Center transaction is found at the following link: http://www.costar.com/News/Article/JLL-Arranges-Note-Sale-for-Prime-Downtown-Miami-Real-Estate/128989