1111 W. Mockingbird Lane
Dallas, TX

Profile

Red River offers real estate asset management and investment advisory services to real estate investors that own, or are seeking to acquire, value-add or opportunistic investment properties. Property types include office, multifamily, retail and mixed-use, with a special focus on distressed real estate and loan workout situations. Red River will also offer investors the opportunity to participate in real estate investment partnerships that will acquire value-add and opportunistic properties located across the country.

Red River provides the resources necessary for the sophisticated real estate investor to take advantage of the opportunities presented by today's ever-changing commercial real estate market. By leveraging the expertise of a trusted asset management company with local market knowledge, investors can significantly enhance the value of their real estate investment portfolio.

Red River: Opportunity, Expertise and Trust.

Key Personnel

Bruce A. Stern, Principal
Bruce A. Stern has over eighteen years of experience as a real estate professional, excelling in a broad range of roles including acquisition, asset management, disposition, project management, leasing and redevelopment of different types of real estate including office, multifamily and retail.  A former Congressional staffer, Mr. Stern has served as Vice President of Business Development for Diversified Capital, a privately-held real estate investment firm, and as General Counsel for a large private college.  He also spent six years in private practice as a real estate attorney and a commercial litigator.  Mr. Stern holds a Bachelor's degree with Honors in Philosophy and Economics from Swarthmore College and a Juris Doctor degree from the University of Washington School of Law.

Mark C. Rosenberg, Principal
Mark C. Rosenberg brings almost three decades of experience in creating rich opportunities in investment and development, consulting and finance. He is a co-founder of Red River affiliate Meridian Development Partners, LLC. Prior to Meridian, he founded Triad Realty Services, Ltd., a real estate investment and advisory firm that redeveloped and repositioned properties purchased from the RTC and various S&L’s. He was a founding partner of Site Tech Group, a tower development business that he and Mr. Schlesinger sold to a publicly traded company in 2000. He also advised foreign governments on property transactions, and corporations on the disposition of underperforming real estate throughout the United States. Previously, he served as a senior real estate development advisor to major corporations and financial institutions while at Lehman Brothers and Security Pacific Bank. Prior to Lehman, he was a senior auditor and tax accountant with PricewaterhouseCoopers. An accountant and a graduate of Ithaca College, he served as an adjunct professor at the Real Estate Institute of New York University where he lectured on market research and financial feasibility. In addition, Mr. Rosenberg addressed the Urban Land Institute on tax issues in real estate development and lectured to foreign governments at the United Nations on investments in New York City.

Howard M. Schlesinger, Principal
Howard M. Schlesinger is a registered architect with a career devoted to improving the quality of the built environment. For more than a quarter century, he has developed extensive expertise in planning, design and project management. He is a founding partner with Mr. Rosenberg of Red River affiliate Meridian Development Partners, LLC, and was a founding partner with Mr. Rosenberg of Site Tech Group Ltd., a tower development company. Prior to that, he founded Schlesinger Loffredo Brooks Architects P.C., an architectural firm specializing in interior architecture and the restoration and redevelopment of underutilized properties. Mr. Schlesinger has been active in the American Institute of Architects and has lectured for the AIA on entrepreneurship in architecture. He has also spoken on zoning reform at the Urban Land Institute International Placemaking Forum. He is an alumni board member of the School of Architecture of City College of New York.

Timothy J. Ross, Director
Timothy J. Ross is Director of Red River’s office in Dallas, Texas. He oversees Red River’s asset management portfolio in Texas and sources new acquisition and joint venture opportunities for Red River as well as Red River affiliate, Meridian Development Partners, LLC. Prior to joining Red River, Mr. Ross was an Investment Officer with Wrightwood Capital and held executive positions at Merrill Lynch Capital and GE Capital/Heller Financial where he originated over $400 Million of structured debt transactions in the form of bridge loans, construction loans and mezzanine investments for all property types. He began his career as an auditor with Ernst & Young LLP. Mr. Ross holds an MBA in Finance from Southern Methodist University and a Bachelors of Science in Accountancy from the University of Illinois.

Philosophy

Our approach to both acquiring real estate and asset management of these properties after acquisition is the same: Add value by solving hard problems.

Whether one makes or loses money on an investment property is largely determined at purchase. Did we buy the property well? If bought well, one can make several mistakes and have market fundamentals turn against you, and still come out ahead. If bought poorly, the most brilliant business plan that is executed perfectly is still doomed to failure.

How do we buy well?
One word: Relationships. Deep and long-standing relationships in the market with brokers, lenders, loan servicers and other investors give us access to properties before they reach the market. It is with these off-market transactions that the best and truest values can be found. We seek out our contacts’ worst problems: foreclosure, bankruptcy, environmental problems, large vacancy, etc. By providing solutions to these challenges quickly and seamlessly, our contacts give us access to these “diamonds in the rough” on a regular basis.

How do we turn these rough diamonds into jewels?
A wise man once said: 90% of solving a problem is to understand exactly what the problem is. First, we listen to tenants. Really listen to our tenants. Find out what problems they have with our building. Solve them, quickly. Then, we ask our property managers and maintenance staff: What can we do to make this property run more efficiently? How much will that cost? What is the return on investment? Finally, we listen to the market to understand where our property falls short and where it has an edge. From that knowledge, we put together a game plan that applies intelligence, creativity and capital to shore up the weaknesses and make our edge even sharper. By differentiating our property from the competition, we add value for our clients and investors. In short, we create our own good luck.

Real Estate Asset Management

Real estate asset managers act as the property owners' agent and adviser for the property. They plan and direct the purchase, development, and disposition of real estate on behalf of the business and investors. These managers focus on long-term strategic financial planning rather than on day-to-day operations of the property. Asset managers oversee and coordinate all of the following activities: property acquisition; property management; leasing; operational and financial reporting (including operating budgets); appraisals; audits; market review; accounting and reporting procedures, as well as refinancing and asset disposition plans.

Press

	Parkland Health & Hospital System Taps 69,000 SF of 8435 Stemmons August 2009
	Red River Asset Management Expands Texas Group June 2009
	Black's Guide Winter/Spring 2008-2009