Michael Benson
Urbandale,Iowa
Summary
Seasoned Managing Director with a proven track record at Principal Global Investors, specializing in asset management and acquisitions. Expert in driving revenue growth and fostering strategic partnerships. Demonstrates strong negotiation skills and financial acumen, leading to significant portfolio enhancements. Achieved notable success in project and budget management, enhancing client relationships and investment returns.
Overview
38
38
years of professional experience
1
1
Certification
Work History
Managing Director - Asset Management
Principal Global Investors
Des Moines, USA
05.2014 - 12.2024
- Manages diverse real estate portfolio across key California regions.
- Led lease negotiations, analyses, and reviews.
- Created comprehensive marketing plans for properties.
- Built collaborative relationships among management and leasing brokerage teams.
- Performed analysis on current and proposed real estate investments focusing on risk and return.
- Generated detailed business plans and conducted thorough valuation analysis for investment consideration.
- Ensured direction and leadership throughout project development stages.
- Assessed potential development transactions for overall deal strength.
- Review initial documentation for transactions interacting with partners, lenders and attorneys
- Manage coordination and issue resolution with partners and consultants.
- Oversee or assist in the budget process and prepare the annual strategic plan for properties
- Analyzed and monitored regular property reports.
- Generate quarterly reports highlighting key results.
- Assisted transaction team with acquisition and disposition of properties.
Director Acquisitions/Dispositions
Principal Global Investors
01.2006 - 05.2014
- Direct management of acquisitions and dispositions in Southern California.
- Oversees asset management for Principal's holdings within LA County.
- Generated value through lease production.
- Performs lease negotiation, review and analysis.
- Created strategic marketing plans for properties.
- Cultivates synergy between management and leasing brokerage teams.
- Analyze current and proposed real estate investments for risk, return, capital structure, and exit strategy.
- Conduct valuation analysis and create business plans for portfolio properties
- Presented investment opportunities to the Investment Committee.
- Conducted ongoing market research for enhanced understanding.
Director Asset Management
Principal Real Estate Investors
01.1996 - 01.2006
- See above
Special Assets and Credit Analyst Manager
Bank of America
Des Moines, IA
01.1994 - 01.1996
- Oversaw Credit Analyst and Special Assets teams.
- Developed comprehensive loan policies for bank and associated entities.
- Reviewed and analyzed financial statements of potential borrowers to determine credit worthiness.
- Conducted detailed analysis of customers' liquidity, capital structure, borrowing capacity and debt serviceability.
- Developed strategies to manage delinquent accounts and reduce overall portfolio risks.
- Performed due diligence on new applicants by verifying income, assets and liabilities through public records or third-party sources.
Bank Examiner
Federal Reserve Bank of Chicago
Chicago, IL
03.1987 - 12.1993
- Reviewed and analyzed financial institution's books, records, and operations to ensure compliance with federal laws, regulations and guidelines.
- Developed and implemented risk-based examination programs for financial institutions.
- Reviewed and evaluated the adequacy of internal controls, policies, procedures, and management practices.
- Identified risks and weaknesses in loan portfolios, investment activities, capital adequacy, liquidity levels, asset quality, interest rate sensitivity, credit concentrations, and other areas of operations.
- Prepared reports detailing findings from examinations to be presented to senior management of banks or to regulatory agencies.
- Conducted onsite operational reviews of banking organizations to evaluate their compliance with applicable laws and regulations.
- Provided guidance on corrective action plans developed by banks in response to examination findings.
- Monitored implementation of corrective actions taken by banks in response to examination findings.
Education
Bachelor of Science - Finance
University of Iowa
Iowa City, IA12-1986
Skills
- Revenue growth management
- Project management
- Negotiation
- Strategic partnerships
- Data collection and analysis
- Business development
- Client relationships
- Budget development
- Financial management
- Budget management
- Cost reduction
- Contract management
Certification
- Certified Bank Examiner from the Federal Reserve Bank.
Timeline
Managing Director - Asset Management
Principal Global Investors
05.2014 - 12.2024
Director Acquisitions/Dispositions
Principal Global Investors
01.2006 - 05.2014
Director Asset Management
Principal Real Estate Investors
01.1996 - 01.2006
Special Assets and Credit Analyst Manager
Bank of America
01.1994 - 01.1996
Bank Examiner
Federal Reserve Bank of Chicago
03.1987 - 12.1993
Bachelor of Science - Finance
University of Iowa
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