Cedric Bennett Jr.

Experience

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  Marcus & Millichap

  Aug 2011 - Jan 2012

  Research Analyst

  Primarily responsible for researching ownership records, market data, and industry trends in commercial real estate. Assisted in creating pitch books, writing quarterly real estate market reports, and producing other ad hoc investor communications.Key Responsibilities:Specialized in analyzing multi and single-tenant retail investments valued up to $20 million. Created database systems of over 1,000 investor and property profiles.Conducted Market and Competitive Set Analysis: - Gathered supply and demand trends- Identified current inventory of select property types- Analyzed market rents, vacancy rates, lease-up times, sale prices, cap rates, discount rates- Assessed the comparative property factors relative to the competition, including - property location, size, conditions, amenities, views, curb appeal, etc. Show less

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  Trax Capital Management

  Aug 2012 - Feb 2013

  Junior Underwriter

  Supported senior management with all analytical aspects of evaluating bank owned debt portfolios including underwriting, due diligence, and market research. Performed preliminary analysis of investment opportunities by creating financial cashflow and valuation models.*Trax Capital Management invests in and manages sub/non-performing debt and other financial instruments collateralized by real estate and other assets. Key Responsibilities: Performed risk-assessments on portfolios containing over $60 million in assets , resulting in approximately $20 million of sub/non-performing debt being placed under contract.Conducted comprehensive financial analysis including review of financial statements (current rent rolls, operating budgets, and operating statements), historical property values, and proforma creation.Created asset summary reports describing the loan and borrower, collateral, and market valuation assumptions.Formulated market leasing assumptions and appropriate cap rates from comparable sales and market data.Performed site inspections of collateral properties. Show less

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  Pershing, a BNY Mellon company

  Aug 2013 - May 2019

  Account Executive and primary liaison between internal support staff and the firm's largest (bank) clients, offering solutions to their key business problems and working with various internal teams to support the growth of these clients.Key Responsibilities: Coordinates the business development, roll-out, and implementation of new products and services within bank and Broker Dealer (BD) client organizations. Leads project management and implementation of technology solutions for client organizations.Identifies and corrects recurring issues within operations, decreasing the number of items escalated to the relationship team, and increasing the efficiency and knowledge base of our client's service and support staff.Trains new client organizations on our proprietary platform and client service model.Represents departmental team (Account Management) on internal technology committees; regularly summarizing any relevant updates or developments back to the team as needed.*Active mentor in the internal Early Professionals Network (EPN) and reverse mentor to the CEO as a member of the organizations Millennial CONNECT program. Show less Assistant Program Manager in the Global Wealth Management PMO (Project Management Office) responsible for coordinating the support and governance of a global IT enhancement program; collaborating with senior leadership and managing the efforts of over 100 Consultants (Project Managers, Business Analysts, and Technical Architects).Key Responsibilities: Assisted in the coordination of over 300 concurrent technology projects.Assured projects adherence to the firm’s enterprise project management/PMO policies and procedures.Arranged executive level reporting to provide ongoing, at-a-glance summaries of critical project information throughout all lifecycle phasesWorked directly with the senior leadership teams in technology, compliance, legal, and numerous internal operations teams (including collateral funding & trading, domestic and international purchases & sales, domestic and international settlements, investor relations, asset servicing, trade processing, custody, safekeeping, asset transfers, margin, client on-boarding, and others).Facilitated weekly project review meetings to evaluate the active status and progress of over 250 projects relative to the overall project plan Show less Hired through a highly selective process to be a part of the Corporate Training Program that is meant to breed the next generation of leaders at the company. Spent one year rotating through every department, learning each role at the firm, presenting in front of C-level executives, and going on client visits while gaining exposure to broker-dealer consulting, prime brokerage, registered investment advisory, trading, and processing*The Pershing Corporate Training Program has produced many of the firm’s senior officers, making it the firm’s most prestigious rotational development program. The challenging curriculum included special projects, leadership training, and job shadowing to provide participants with a strong understanding of Pershing and the industry in which it competes. Show less

  • Senior Account Manager

    Jan 2016 - May 2019

  • Assistant Program Manager

    Sept 2014 - Dec 2015

  • Executive Trainee

    Aug 2013 - Aug 2014
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  Citi

  May 2019 - Aug 2021

  Real Estate Closing Manager

  Citi Community Capital (CCC) is the community lending and investing arm of Citibank. CCC works with for-profit and non-profit developers, as well as state and local government agencies on both straightforward and highly structured transactions (including taxable and tax-exempt loans or bonds, Low Income Housing Tax Credit equity, governmental and private subsidies, market rate residential and commercial uses, etc.). The projects we finance benefit some of the most underserved areas across the U.S including homeless, seniors, those with disabilities, as well as low income families and individuals. They may also include workforce housing or market rate units and other commercial uses. We are among the largest Fannie Mae and Freddie Mac mortgage bankers in this sector and, according to Affordable Housing Finance Magazine, have been the #1 affordable housing lender in the United States in each of the past eleven years. Show less

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  City of Newark

  Dec 2021 - Jul 2022

  Department Manager

  Office of Affordability and Sustainable Housing As an office within Newark’s Department of Economic and Housing Development (EHD), the Office of Affordability and Sustainable Housing (OASH) works to provide quality and affordable housing for all Newark residents at every income level.OASH works within EHD and with numerous partners in a variety of ways to meet the affordable housing needs for all Newark residents through the production, preservation, and protection of affordable units.The office also has responsibility for overseeing implementation and enforcement of the city’s Inclusionary Zoning Ordinance. Show less

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  Prominent Limited Partners

  Aug 2022 - now

  Senior Account Manager

  Consulting and advisory professional dedicated to helping businesses unlock growth through strategic process improvement, enhanced operational efficiency, and client service optimization, successfully delivering measurable results across industries.