Robert V. Wallace, Jr. has been actively involved in the real estate industry since 1993. During that time he has participated in the acquisition and financing of real estate assets and operating companies, the asset management of an institutional real estate portfolio and capital raising activities for various real estate companies.
Mr. Wallace began his real estate career as an analyst with Dean Witter Realty where he focused on capital raising activities for private real estate companies and the management of assets owned by Dean Witter and its investors. In 1996, Mr. Wallace joined AMB Property Corporation as a member of their acquisitions team. While at AMB, Mr. Wallace worked on the acquisition of more than $1 billion of retail, office and industrial properties located in major east coast real estate markets. These transactions included ground-up developments and re-developments, investments in real estate operating companies and stabilized property purchases.
In 1999, Mr. Wallace joined Weil/Chazen/ML Capital, the investment banking subsidiary of the Boston based law firm Mintz Levin Cohn Ferris. At Weil/Chazen/ML Capital, Mr. Wallace advised private real estate operating companies on equity joint ventures with pension funds, opportunity funds and various commercial and investment banks. Over a two year period the firm raised in excess of $500 million of equity for its real estate clients.
In 2000, Mr. Wallace formed Wallace Property Company and its real estate finance affiliate Wallace Capital, LLC. Over the last five years Wallace Property Company has acquired twenty multifamily and office properties with an aggregate asset value of over $20 million. The investment transactions made by the Company were buy and hold purchases, renovation projects and condominium conversion projects. The Company currently owns eight office and residential properties with an asset value of over $10 million. Wallace Capital, LLC, a finance company that makes bridge loans and provides mezzanine debt, has invested over $40 million in 100 real estate finance transactions. Wallace Capital currently has $25 million invested in a loan portfolio of 35 short term real estate loans. In addition, Mr. Wallace provides real estate advisory services to select clients and has advised on sales and equity joint ventures with a total real estate transaction value of in excess of $150 million.
Mr. Wallace is a graduate of Georgetown University where he received a BSBA with a major in finance. He is a licensed real estate broker, Series 7 and 63 registered and is a member of the Georgetown University Regional Admissions Committee. Mr. Wallace is also a founding member of the Rough Riders, a charitable foundation that funds various educational organizations. Mr. Wallace resides in Wellesley, MA.
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