Alumni Resume Book
Ashesh N. Parikh · MBA · Masters '11
Corporate Contact Information
9176974110 (phone)
ashesh.parikh.wg11@wharton.upenn.edu
Co-Founder & Managing Principal
Lock Three Properties
Bethesda, MD 20814
United States
Education
THE WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA
Philadelphia, PA · 2009 to 2011
Master of Business Administration with Honors · Finance and Real Estate
- • Earned Director's List, marking the top 10 percent of the MBA class by GPA
• Served as Teaching Assistant, Corporate Finance (Franklin Allen), and active in the Real Estate Club and Rebuilding Together
• Received Zell/Lurie Real Estate Center’s William Zucker Award and Jimmy Goette Award for Entrepreneurial Excellence
UNIVERSITY OF VIRGINIA
Charlottesville, VA · 1998 to 2002
Bachelor of Arts with Highest Distinction · History and Minor in Comparative Politics
- • Graduated Phi Beta Kappa and named to Dean’s List all eight semesters (GPA: 3.85)
• Honored as the top undergraduate in the Department of History
• Attended under the Jefferson Scholarship, a full four-year, merit-based grant for 28 incoming students
Experience
Lock Three Properties, LLC
Bethesda, MD · 2018 to Present
Co-Founder & Managing Principal
- LOCK THREE PROPERTIES, LLC
Multifamily Platform with Investment in Secondary Markets throughout Maryland & Virginia
• Served as transactional Chief Financial Officer, overseeing Equity Raising, Finance, Accounting and Tax
• Conducted financial analyses, including cash flow projections, detailed expense budgets and deferred maintenance forecasts
• Cultivated relationships with investors (from high net worth to private equity and REITs) and investment sales brokers
• Co-authored firm’s marketing and investment materials, and led equity investment presentations to potential limited partners
• Devised asset-specific capitalization strategy, and liaised regularly with lenders (from GSE to balance sheet and life company)
• Sourced $565MM of investments, and reviewed $1.2B of potential acquisitions as member of Investment Committee
JBG SMITH
Washington, DC · 2011 to 2017
Senior Vice President, Capital Markets
- $8.4B Real Estate Acquisition, Development and Management Firm Focused on the Washington, DC area
• Structured financing across core asset classes, and manage portfolio from development and transitional to stabilized assets
• Formed capitalization strategy with internal stakeholders, and execute plan with joint venture partners
• Marketed financing opportunities to lenders, negotiated term sheets to loan documents and assisted lender’s due diligence
• Briefed leads in Investments, Asset Management, Development, Legal and Accounting on loan terms and mechanics
• Reviewed quarterly fund and annual reports, auditing loan covenants, contingent liabilities and hedging activity
• Closed 46 loans totaling $3.0B as a member of five-person department that closed 165 loans totaling $9.4B since 2012
LEHMAN BROTHERS HOLDINGS, INC.
New York, NY · 2006 to 2008
Associate, Real Estate Private Equity
- $2.4B Equity and $1.2B Mezzanine Funds Focused on Acquiring and Developing Real Estate Globally
• Analyzed acquisitions, developments, recapitalizations and LBOs, and closed seven transactions totaling $339MM
• Advised senior leadership on potential investments, and coordinated new operating partner relationships
• Mentored junior staff on all aspects of the mezzanine investment process, chiefly financial modeling and legal documentation
CITIGROUP CORPORATE & INVESTMENT BANK
New York, NY · 2004 to 2006
Analyst, Real Estate & Lodging Investment Banking Group
- Global Platform Offering Capital Markets and M&A Advice for Public and Private Real Estate Companies
• Prepared all advisory and deal materials, including corporate analyses, board presentations and offering memoranda
• Directed several accounts and led teams of 10+ executives following senior bankers’ departures in April 2005
• Executed 21 deals totaling $8.1B, helping group achieve #1 real estate underwriter ranking in 2004 and 2005
Professional Specialties
- Real Estate Finance
- Asset Management
- Advisory/Consulting
- Acquisitions
- Academia
Regions of Interest
- Mid-Atlantic USA
- Mid-Atlantic USA: Washington Metropolitan Area
Other Information
Other: Serve as Adjunct Professor, McDonough School of Business, Georgetown University (2014 to Present) and created Real Estate Private Debt, a case-based course to introduce MBA students to real estate finance concepts
Affiliations: Mentor and Member, Zell / Lurie Real Estate Center at The Wharton School, University of Pennsylvania
Interests: Travel; volunteering; experimental vegetarian cuisine; basketball and tennis; fiction based on the South Asian diaspora
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