Paul Chung

Experience

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  Ventas, Inc.

  Jun 2013 - Aug 2013

  Summer Intern

  Ventas is a leading healthcare REIT and an S&P 500 company with over 1,400 assets in 47 states. Internship consisted of two, five-week rotations in Acquisitions and Asset Management:Acquisitions rotation:- Assisted acquisitions team in modeling and evaluating risks and returns for 1 MOB and 5 Seniors Housing deals, underwriting $1.2 billion in potential acquisitions- Conducted market analysis for 212 properties in 31 MSAs using Claritas (demographics database) and NIC MAP (seniors housing database)Asset management rotation: - Assessed operator financial results for 1Q 2013 and created a “heat-map” of lease coverage by operator in order to see overall health of Ventas operator relationships- Compared 452 Seniors Housing properties in top 100 MSAs against NIC MAP occupancy and RevPOR metrics- Created departmental reports to identify and sensitize key portfolio drivers in comparison to the rest of industry Show less

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  Resource Real Estate

  Feb 2014 - Jan 2016

  Equities Analyst & Associate Fund Manager - Global Liquid Alternatives Strategies

  Resource Real Estate is a fully owned subsidiary of Resource America, a $20B AuM global alternatives investment manager focused on real estate and credit investments. - Associate Fund Manager for the Global Opportunity Fund, Diversified Income Fund, and Credit Income Fund- Analysis of investments through screening and evaluating potential investments for portfolios - Extensive modeling of bottom-up analysis in coverage space of self-storage, office, healthcare, non-traded REITs, and private equity real estate - Administrative roles of fund record keeping, trade confirmation, trade settlement, regulatory compliance, and business development Show less

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  Madison Development LLC

  Feb 2016 - Jul 2017

  Associate

  Madison Development LLC is a New York City-based developer of flagship self-storage projects in the New York market, with over 1 million square feet in existing and development projects. Madison's entrepreneurial approach, proprietary industry relationships, in-depth market knowledge and development expertise provide it with a unique ability to acquire and develop leading institutional quality self-storage facilities.- Underwrite new acquisition opportunities, modeling pro-forma returns for ground up and redevelopment projects- Conduct detailed demographic and economic feasibility analysis for new acquisitions and target markets- Complete value-add investment strategy by working with general contractor, project consultants and lenders to finish build-out process- Manage existing self-storage facility development portfolio and create monthly reports for investors Show less

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  Quinlan Development Group

  Aug 2017 - Dec 2022

  Vice President of Acquisitions and Development

  Quinlan Development Group (QDG) is a New York City-based private owner/operator focused on ground up development and re-positioning of a wide variety of asset types including mixed-use rentals, luxury condominiums, retail, self-storage and commercial office. QDG has built, renovated or invested in over 40 properties with an existing portfolio of over 3 million square feet and ownership of over 115 retail stores totaling over 300,000 square feet, covering the equivalent of fifteen city blocks.Responsibilities:- Sourced and underwrote new prospective deals- Conducted due diligence, site visits, entitlements, and closings on new acquisitions and loans- Negotiated contracts and structured capital for new projects- Created and oversaw all periodic investment reporting process for current development and owned assets- Executed refinancing and disposition strategies for owned assetsRecent Projects:- New York (Tribeca), NY: Origination of a $13.5 MM Mezzanine Loan for a ground-up condo development- New York (Gramercy Park), NY: Origination of a $10 MM B-Note for a ground-up condo development- Hillside, NJ: Ground-up development of a 145,800 GSF | 111,500 NRSF storage facility- Rochelle Park, NJ: Ground-up development of a 120,000 GSF | 90,750 NRSF storage facility- Clifton, NJ: Ground-up development of a 156,500 GSF | 116,750 NRSF storage facility- Brooklyn (Clinton Hill), NY: Ground-up development of a 17-story, 143,000 GSF | 138-unit multifamily rental- Fair Lawn, NJ: Entitlement and ground-up development of a 114,500 GSF | 84,500 NRSF storage facility- Budd Lake, NJ: Ground-up development of a 95,200 GSF | 73,750 NRSF storage facility- South Orange, NJ: Entitlement and ground-up development of a 130,000 GSF | 94,500 NRSF storage facility Show less

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  Solomon Builders LLC

  Feb 2023 - now

  Partner - Director of Acquisitions and Capital Markets

  Solomon Builders is a regional real estate company which develops, builds, and invests in a diversified range of asset classes. Solomon Builder's portfolio of residential and commercial investments includes flex, industrial, retail, multi-family, and self-storage. As a multi-disciplined organization, Solomon Builders specializes in land entitlements, development, design, construction, asset management, and sales. Solomon Builders delivers this scope of services through its in-house expertise and network of expert professionals in all stages of development. Show less