FUNCTION

EDUCATION

UNIVERSITY OF PENNSYLVANIA
Philadelphia, PA · August 2002 - May 2006
Bachelors; Economics

• Academic Focus: Economics, Finance and Real Estate; Cumulative GPA: 3.4
• Minor: Real Estate and Urban Development;
• Relevant Coursework: Corporate Finance, Real Estate Finance, Real Estate Law, Financial Accounting, Business Statistics

EXPERIENCE

AMERIMAR ENTERPRISES
New York, NY · Jan 2006 - February 2009
Associate

• • Underwrote valuation of commercial real estate opportunistic investments. Developed and utilized a proprietary model to determine the highest IRR using extensive analysis of cash flow, debt assumptions, acquisition and selling costs.
• • Projected 10-year cash flows with ARGUS for assets under management. Combined existing lease information with anticipated leasing schedule and assumptions for market rent, rent growth, expenses, taxes, insurance, tenant improvements and leasing commissions.
• • Studied, reported and created 3-D models based on NYC Zoning Regulations for potential ground-up developments and physical expansion of buildings. Notable project: 101 W 57th St. (formerly the James Hotel), a ground up development, modeled showing Central Park shadows, stacking plan and floor plans with multiple cash flow models for mixed uses.
• • Examined NYC property tax code applicable to commercial real estate, integrating into underwriting.
• • Created abstracts of office leases for buildings specifically in the Manhattan and Philadelphia area. Familiar with the NYC Standard Form of Office Lease and typical amendments.
• • Corresponded with brokers regarding changes to Manhattan’s leasing markets to accurately adjust underwriting assumptions.
• • Designed and managed company’s website. Restructured for more effective use, incorporating more data and online resources for potential investors. Made user friendly for local and foreign visitors and simple for in-house staff to manage updates.

ELAN GORDON WEB CONSULTING
Philadelphia, PA and New York, NY · Spring 2003 - Present
President and Founder

• • Advised clients through the strategic, creative and technical elements of building a truly effective website. Responsibilities include visual design, strategic plan building, search engine optimization and technical maintenance.
• • Managed support teams of 20 people or more hired for specific projects, including two long term part-time employees.
• • Continue to generate year-over-year increasing revenues and profits, primarily through word of mouth from satisfied clients.
• • Representative Work: www.thepondatbryantpark.com; www.e13lofts.com; www.linnemanassociates.com

CAPITAL TRUST
New York, NY · Summer 2005
Analyst

• • Underwrote commercial real estate loans across all asset types, with a focus on hotel and retail segments, basing valuations on in-place cash flows and assigning growth rates in accordance with industry, location, and asset quality.
• • Notable Project: Blackstone’s Acquisition of Wyndham Hotels – Evaluated all 30 properties of the portfolio by considering in-place cash flows and savings on corporate management. Improved Capital Trust’s valuation method by discounting Blackstone’s expected savings.

LINNEMAN ASSOCIATES
Philadelphia, PA · Summer 2004 - Summer 2006
Research Assistant

• • Led research analysts for the Linneman Letter and academic studies by Professor Linneman, managed several constituents and insured accuracy of all data. Produced many models using research data to clarify trends in the real estate industry. Utilized statistical software to produce proprietary forecasting models for employment and absorption in local markets.
• • Contributing Writer for The Linneman¬ Letter – Sample Article: “Wal-Mart in Turbulent Times” (Winter 2004 edition) - An analysis and evaluation of challenges and opportunities facing Wal-Mart in its movement to urban markets under their new “Urban 99 Program.”

WHARTON REAL ESTATE DEPARTMENT
University of Pennsylvania · Fall 2005
Lead Teaching Assistant

• • Real Estate Finance, Real Estate Entrepreneurship and International Real Estate Investments: Coordinated resources, office hours, student grades and guest speakers for both undergraduate and MBA classes.

ADDITIONAL INFORMATION

Club Membership: Undergrad

Interests:

• Acquisitions
• Asset Management
• Development

Extensive Knowledge of ARGUS DCF Proficient in Microsoft Office, Windows, Photoshop, Google Sketchup, IT Support Experience & Internet Research Proficient in Hebrew Intramural team sports (e.g. Hockey, Dodge ball, Kickball, Basketball, etc.)