DANIEL UMSTEAD
Ponte Vedra Beach,FL
Summary
Accomplished team leader with over 25 years of experience in real estate and asset management. Currently serving as Managing Director of a public REIT, with expertise in: Acquisitions, Dispositions, Transaction Management, Portfolio Valuation, Property Management, New Business Development and Market Research
Overview
30
30
years of professional experience
Work History
Managing Director
Pacific Oak Residential, Inc
11.2019 - Current
- Asset manager overseeing acquisitions, dispositions, transaction management, portfolio valuation and leasing for Pacific Oak Residential Trust, Inc (PORT)
- Managed the asset due diligence and transaction process to successfully acquire Reven Housing REIT (Public Co, Nasdaq) in 2019 through merger into PORT
- Expanded the PORT portfolio to over 2,500 assets, valued at over $450 million, through strategic acquisitions of small and medium-sized portfolios and targeted MLS scouting
- Managed regional external property managers through COVID-19, ultimately internalizing the majority of property management into Pacific Oak Residential, Inc
Vice President and Director - Acquisitions, Sales and Leasing
DayMark Homes (acquired By Pacific Oak)
08.2015 - 11.2019
- Oversaw asset and property management of single-family residential assets across 15 states for Battery Point Trust (REIT)
- Enhanced acquisitions through technology by developing an asset analysis system that increased the number of assets analyzed weekly from 300 to over 3,000
- Promoted to VP of Acquisitions in March 2016, overseeing the acquisition process to achieve a goal of 100-200 properties acquired monthly
- Promoted to Director in January 2017, contributing to the development of a Lease Purchase Option Program
- Successfully acquired over 1,000 homes, with dispositions through an in-house mortgage product or via the merger with Pacific Oak Residential Trust
Principal/State Certified Real Estate Appraiser
The Atlanta Appraisers
04.1995 - 05.2015
- Managed daily operations of the real estate appraisal company, developing a robust client base and managing the workflow for valuations of residential properties
- Established long-term relationships with lending institutions, attorneys, and private clients through direct marketing and referrals
Education
BA - Geography
The University of Georgia
03.1991
Skills
- Acquisitions and Mergers
- Market Analysis
- Financial Modeling
- Real Estate Valuation
- Strong Negotiation Skills
- Transaction Management
- Revenue Growth Management
- Strategic Planning
- Business Development
- Team Leadership
- Proficient in Property Management Software and CRM Systems
Community Leadership
May 2015 - Present
Board Member, Mr. Tom’s Heart (501c3) – Atlanta, GA
Non-profit dedicated to aligning companies with resources to charitable organizations in need
- Organized logistics and delivery of donated goods
- Budgeting and operational oversight
- Fundraising
Timeline
Managing Director
Pacific Oak Residential, Inc
11.2019 - Current
Vice President and Director - Acquisitions, Sales and Leasing
DayMark Homes (acquired By Pacific Oak)
08.2015 - 11.2019
Principal/State Certified Real Estate Appraiser
The Atlanta Appraisers
04.1995 - 05.2015
BA - Geography
The University of Georgia