CHristopher J Crippen

Notable Real Estate EXPERIENCE

$70mm Student Housing TIC take out & Reposition

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 Vie Raleigh 

TIC buyout and Turnaround. University of NC student housing, complete $4MM renovation. 

Worked w/ Police to eliminate gang related crime in the area. 

FDIC $4bn Cours Banc Sale to Starwood Capital

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Cours Bank

Cataloged and Stabilized assets  comprised of dozens of failed condo developments. Worked with FDIC to structure loss share agreement with winning bidder. Starwood Capital, who eventually sold assets for $62bn 

$25MM Mixed Use Historic Redevelopment

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The Sidway Historic Lofts 

Beautiful Lofts located in the Theater District of Buffalo, NY. 

Distressed purchase and Reno to Luxury Lofts with Ground Floor Retail. Historic Preservation Reposition and lease up.

 

Professional Experience

Woodlark Private Equity

Director Asset Management

 Led team of over 250 in the day to day operations of a $480MM portfolio of Multifamily and Student Housing Assets across 10 States.

  • Established Policies and Procedures for efficient management of Portfolio 
  • Complete P&L responsibility 
  • Managed Contractors to complete Value Add component
  • Investor Management and Reporting

FDIC

 Director of Asset Management 

 Led the one of two FDIC Asset management for Prescient Asset management, a subsidiary of the FDIC. Hired, trained and managed a 100 + team of Asset Managers, Processors and Support personnel. 

  •   Responsible for a team over 1500 
  • Closed over 150 Banks 
  • Disposition of over $2BB (dressed value) in Commercial and Residential Assets in all 50 states and territories.

Education

Ms International Real Estate 

Florida International University  - Miami 


B.A. Biochemistry 

University of South Florida - Tampa



US Residential Asset Fund

 Managing Director 

Led team of over 50 in the day to day operations of a portfolio of Sfr, Multifamily, & Retail Assets across 6 states

  •  Value Add Business model 
  • Managed reposition of asset including rehab
  • Investor Management and Reporting 
  • Established relationship with large Public REITs and became feeder fund acquiring assets directly for REITs
  • Closed fund with a IRR of over 34% 

First Republic RE Investments

Founder / CEO 

Founder and CEO of Correspondent Mortgage lender licensed in 23 states based out of Pompano Beach, Fl. Managed a team of 50 loan officers, 12 processors, originating commercial and residential notes.

  • Originated over $25mm per month 
  • Creative Marketing program using billboards and direct mail.  
  • Established relationship with large Public REITs and became feeder fund acquiring assets directly for REITs

Military Service

United States Army 

13E  - Cannon Fire Direction 

Rank E-5  /  Sergent