Michael Wheeler

Volhawk acquires and manages core-plus and value-add Class B and Class C multifamily properties and other commercial real estate in landlord- and business-friendly U.S. markets with strong economic fundamentals.

• Established data-driven city and neighborhood scoring system to determine target real estate markets.
• Built proprietary underwriting models for real estate acquisitions and developments.
• Designed and constructed multi-tiered LP/GP waterfall models.
• Analyzed over 60 real estate acquisition targets.
• Cultivated relationships with two dozen commercial brokerages, lenders, and deal co-sponsors.
• Implementing marketing program encompassing social media, website, email, blog articles, and networking.
• Co-sponsored acquisition of 206-unit multifamily property; raised equity capital; participating in asset management.
• Acquired NNN retail property - achieved 12% price reduction, raised equity capital, negotiated loan terms.
• Negotiated terms of property sale with third party for 17% gain over purchase price.
• Managing accounting for investment entities, preparing financial statements, reporting to investors.

• Explored car wash industry and various real estate asset classes to determine next phase of career; led to forming Volhawk Property Investments LLC.

Private investment arm of a multi-family office and Registered Investment Advisor; $2B+ of venture capital, private equity, real estate, hedge fund, and high-yield debt investments.

• Closed and managed 22 investments in private companies and funds of $600 million.
• Structured and negotiated license agreement with CorMedix, Inc. (CRMD) to develop and commercialize medical technology (today marketed as DefenCath); developed and refined business plan.
• Monitored trading compliance with Rule 144 and "open windows" inside and outside of 10b5-1 plans after CarGuru's (CARG) IPO; computed valuation discounts based on lock-up period, restrictions on directors, and Rule 144; executed regulatory-compliant filings on behalf of investors.
• Restructured chart of accounts and developed accounting policies for GAAP and tax reporting for all investment entities.
• Conducted private company investment valuations and developed support for GAAP reporting purposes.
• Communicated with external auditors to answer questions and provide supporting documentation.
• Developed schedules and other documentation to support tax return preparation for investment entities.
• Supported SEC compliance with private investment information and documentation.
• Spearheaded recruitment of Chief Compliance Officer; hired 15 other team members and lowered turnover rate.

• Closed and managed 24 investments in private companies and funds of $438 million.
• Led $87 million refinancing of 20+ retail properties, returning 100% of investors' capital.
• Acquired medical technology from bankruptcy for fraction of value; analyzed deal terms and participated in negotiations; licensed additional technology to expand IP portfolio; hired relevant clinical, legal, and business development expertise.
• Analyzed terms and executed documentation for sale of TripAdvisor to IAC/InterActiveCorp.
• Designed and implemented system to process investment information, capital calls, and distributions, elevating internal control quality and achieving distribution of timely, relevant information to partners.
• Revamped and implemented process of closing the books and preparing tax workpapers for >50 entities; reduced turnaround time and costs by 15%.
• Led transition of manual payment system to online system; directed migration of online system after bank merger; reduced transaction costs and processing time by 25%
• Co-developed and revitalized hiring criteria and candidate rating system, leading to consistent hiring of quality candidates.

• Closed and managed 31 investments in private companies and funds of $272 million after helping launch the firm.
• Guided due diligence on $30 million investment in Italian telecom start-up, collaborated on negotiating deal terms; monitored operations.
• Obtained 80% ownership of restructured Italian company with little additional capital; orchestrated formation of Swiss company to hold assets.
• Negotiated enhanced voting power and preferences and obtained first priority lien on assets after challenging business plan assumptions of troubled start-up.
• Established accounting policies for firm's investment entities; managed accounting and reporting function.
• Built firm's first Excel database and reporting system to track all private investment transactions and valuations.

Promoted to Manager before exit; Senior Associate 1993-1996; Staff I/II 1991-1993.

• Led client service teams on concurrent, time-sensitive projects; developed client relationships; coordinated expertise of other tax professionals to address clients' needs; supervised staff.
• Evaluated and co-developed alternative proposals to minimize tax impact of target company stock options, saving acquiring company several hundred thousand dollars.
• Executed R&D tax credit studies by planning scope of project, interviewing client personnel, and validating findings with research and analysis, saving clients $1-2 million per project.