Justin Kennedy and Tobin Cobb were the co-CEOs of Miami Beach-based LNR Property and helped that securitized commercial mortgage firm stabilize its operations following the recession so it could be sold. Justin is credited as one of a few Wall Street traders who predicted the 2008 financial crisis; he designed and executed the 2006 strategy that hedged GCRE loss exposure during the crisis.
During his tenure, Will served as the principal coordinator for all project stakeholders including clients, engineers, project teams, subcontractors, procurement specialists, vendors, account managers and system end users.Prior to Hines, Tom served as Vice President of Acquisitions at Walsh, Higgins & Company in Chicago, where he acquired over 1000 acres for the company’s business parks and urban developments.
View Justin Kennedy’s professional profile on LinkedIn. Annualized returns, before performance fees, were 47% through 2010, and 22% over the life of the fund.Prior to joining Grass River, Ronald was Senior Preconstruction Manager for all capital improvement projects for the Seminole Tribe of Florida.Chuck served as the United States ambassador to the Republic of Iceland under President George H. W. Bush and as undersecretary of the U.S. Department of Commerce under President Reagan.
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Ronald was also Senior Project Manager on high-rise condominium projects for Terra Group (Quantum on the Bay), The Finger Companies (Cité on the Bay) and CMC Group (Porto Vita South Tower).Prior to AIG, Andrew spent 7 years at New York Life Investment Management managing their $6 billion in CMBS portfolios.
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During the crisis era of 2008 and 2009, he managed the bank’s interactions with the U.S. Government reporting to the CEO of DB Americas. Attorney George Spillis and Peter Lapointe both worked at LNR and Bayview Financial. in Finance and his MS in Construction Management from the University of Florida.Justin received an AB in Economics from Stanford University and an MBA from UCLA.Andrew’s earlier CRE experience includes being co-lead banker on a CRE loan origination and securitization program; property acquisitions for a pension fund advisor; and a senior team member of Chase Manhattan Bank’s Owned Real Estate Group.Ron previously worked for several general contractors in the Miami market, including Danville-Findorff and Balfour Beatty Construction – Heavy Civil.Chris was former Vice President of Development for Flagler Real Estate Development Corporation, leading its joint venture with JP Morgan Strategic Property Fund to re-develop a 120-acre industrial property into the mixed-use community, Downtown Doral. Before joining LNR he worked for a decade at Deutsche Bank.
Christopher has been a Florida resident for over 25 years and is an active participant in the University of Miami Mentor Program.Prior to LNR, Peter spent 10 years at Bayview Financial in Coral Gables, Florida where as a Managing Director he led investment and asset management activities for more than $10 billion in commercial real estate and loan assets with a team of 250+ finance, legal and real estate professionals across multiple divisions and business lines.
in Real Estate Development + Urbanism from the University of Miami.Alex holds a B.S. Claim Profile. “In October 2010, Justin Kennedy became Co-CEO of LNR Property LLC, which specializes in debt restructuring for distressed commercial property. For Hines in Barcelona, Tom led the development of Diagonal Mar Centre, a 3 million sf urban retail development on the Mediterranean Sea.Prior to LNR, Justin served as Managing Director and Global Head of Real Estate Capital Markets at Deutsche Bank.
They have two sons and seven grandchildren.Chris received a Masters in Architecture from Tulane University and an M.B.A. from Harvard Business School. in Economics and Urban Studies at the University of Michigan – Ann Arbor and received his M.B.A. from Northwestern University’s Kellogg Graduate School of Management.Will received a B.S. The once spacious corner … Toby also serves on the board of Durango Mountain and Kirkwood Mountain Real Estate Companies.Prior to Grass River, Will served as a project manager for a regional communications company that serviced corporations, government agencies and universities. He has been an integral part of numerous underwriting initiatives targeting large office buildings and multi-asset portfolios across the United States.Andrew holds a B.S.B.A. Founder, Grass River; former Managing Director and Global Head of Real Estate Capital Markets at Deutsche Bank . Roth said he plans to change the tenant mix to serve locals more.
The more interesting fact is where Justin Kennedy went next -- he became the co-CEO of LNR Property. “We don’t want to buy an asset at a 5 cap and hope it becomes a 4.5 cap …. 36th St., near Miami International Airport.“It is very expensive to buy in-place cash flows, so all the projects here we want to add value,” Tobin Cobb said. Justin Kennedy is affiliated with Grass River Property LLC, LNR Property LLC, LNR Property Corp., The Goldman Sachs Group, Inc., Deutsche Bank AG Stay informed and up-to-date on your network with RelSci news and business alerting service.