Real Estate Crowdfunding Today

Real Estate Crowdfunding Today

Wednesday, August 27, 2014

Covel Commons, UCLA
200 De Neve Drive, Los Angeles, CA 90095



Crowdfunding is poised to make a major impact on the real estate market. Funds raised by online platforms have grown from $1.5 billion in 2011 to a projected $10 billion in 2014, with this rate of growth expected to continue to accelerate going forward. By 2025, the global crowdfunding market could reach between $90 billion and $96 billion - roughly 1.8 times the size of the global venture capital industry today.

Goodwin Procter, the UCLA Ziman Center for Real Estate and the UCLA Ziman Real Estate Alumni Group, have joined forces to host a one-day comprehensive program featuring the nation's leading crowdfunding experts who will discuss the evolution of the real estate crowdfunding industry, its impact on the real estate market, its potential for growth and how you can get involved.

This program has been approved for 5.5 California MCLE credits (general).


8:00 a.m. - 8:55 a.m.

Registration & Networking Breakfast

9:00 a.m. - 9:15 a.m.
Opening Remarks
Tim Kawahara, Executive Director, UCLA Ziman Center for Real Estate

9:20 a.m. - 9:50 a.m.
Keynote: Lewis G. Feldman, Partner, Real Estate Capital Markets Group; and Co-Chair, Crowdfunding Practice, Goodwin Procter LLP
This opening presentation will discuss the themes which are poised to significantly impact the real estate investment landscape, specifically focusing on dissemination.

9:55 a.m. - 10:10 a.m.
Networking Break

10:15 a.m. - 11:05 a.m.
Meet the Crowd
Crowdfunding is poised to make a major impact on the real estate market. This panel will address the different and unique capabilities various platform have to offer.

Moderator: Lewis G. Feldman, Partner, Real Estate Capital Markets Group; and Co-Chair, Crowdfunding Practice, Goodwin Procter LLP
Panelists:
Jilliene Helman, Co-Founder and CEO, Realty Mogul
Adam Hooper, Co-Founder and CEO, RealCrowd
Arthur Weissman, Vice President, Business Development, WealthForge
Ray Sturm, Co-Founder and COO, RealtyShares

11:10 a.m. - 12:00 p.m.
Raising Debt Online Through Crowdfunding
How is raising debt through a crowdfunding platform different than borrowing from a conventional lender? This panel will feature a discussion between conventional and crowdfunding lenders, highlighting the similarities and differences between their approaches.

Moderator: Eric Sussman, Senior Lecturer, UCLA Ziman Center for Real Estate
Panelists:
Carlo Tabibi, Co-Founder and CEO, Patch of Land
Paige Serden, Senior Vice President and Regional Manager, Real Estate Division, City National Bank
Ron Suber, President, Prosper Marketplace Inc.
David Manshoory, CEO and Founder, AssetAvenue

12:05 p.m. - 1:20 p.m.
Lunch Break & Special Presentation - TBA

1:25 p.m. - 2:15 p.m.
What It's Like to Crowdfund a Deal as a Sponsor
What it's really like to crowdfund a deal. Experienced operators share their stories raising money online to fund their real estate deals.

Moderator: Gary M. Tenzer, Co-Founding Principal and Managing Director, George Smith Partners Inc.
Panelists:
Andy Carpiac, Owner, Kittridge Realty and Hard Rock Hotel, Palm Springs
Jay Kerner, President and CEO, U.S. Realty Partners Inc.
Mark F. Crawford, President and Managing Partner, Crawford Park Financial Inc.
Eric Siragusa, Vice President and Partner, MHP Funds LLC

2:20 p.m. - 3:10 p.m.
Evaluating the Key Legal Issues
An overview of The JOBS Act and other regulations impacting the crowdfunding industry. This panel will cover the relevant issues that must be considered when using a crowdfunding platform.

Moderator: Steve Ellis, Partner, Goodwin Procter LLP
Panelists:
Lawrence Fassler, General Counsel, Realty Mogul
Rick Weintraub, Chief Compliance Officer and General Counsel, CommunityLeader Inc
Jonathan Littrell, General Counsel, AssetAvenue

3:15 p.m. - 3:30 p.m.
Networking Break

3:30 p.m. - 4:20 p.m.
BREAKOUT SESSIONS

Breakout A:
Why VCs Are Investing in Crowdfunding Platforms
The crowdfunding industry has generated headlines recently due to an influx of venture capital investment. This panel will feature prominent venture capitalists discussing their optimism for the growth of the industry.

Moderator: Curtis Kaiser, Founding Attorney, Kaiser Law Group
Panelists:
Hrach Simonian, Principal, Canaan Partners
Buck Jordan, Managing Partner, Canyon Creek Capital

Breakout B:
Technical Capabilities
The relevant technical issues. This panel will discuss the process of building a campaign and will also touch on platform security.

Moderator: Gerry Stegmaier, Partner, Goodwin Procter LLP
Panelists:
Brian Fritton, Co-Founder and CTO, Patch of Land
Justin Hughes, Co-Founder and CTO, Realty Mogul
Dan Baird, Vice President, CrowdEngine
Fred Bryant, Chief Compliance Officer, WealthForge

Breakout C:
Marketing Your Campaign
What does it take to successfully market a crowdfunding campaign? This panel will feature marketing experts in the field who will discuss the dos and don'ts of attracting your crowd.

Moderator: Joseph Barisonzi, Co-Founder and CEO, CommunityLeader Inc
Panelists:
AdaPia d'Errico, Chief Marketing Officer, Patch of Land
Cynthia Nevels, Founder, Think.Crowd.Fund!
Joey Jelinek, Co-Founder and CEO, GroundBreaker
Eric Senn, Chief Executive Officer, Bumbershoot Ventures

4:20 p.m. - 4:30 p.m.
Closing Remarks: Lewis G. Feldman, Partner, Real Estate Capital Markets Group; and Co-Chair, Crowdfunding Practice, Goodwin Procter LLP

NETWORKING RECEPTION BEGINS


Dan Baird



Dan Baird

Vice President
CrowdEngine

Dan is the VP of CrowdEngine with over a decade ofentrepreneurial to Fortune 500 strategy and launch experience.Starting at 19, Dan co-founded LoveSac Furniture Co, and since founded retail franchises, led strategic initiatives with ConAgra,and has consulted, advised, and invested in several startups.

He received a BA from the University of Utah and an MBA fromThunderbird in Global Branding and Entrepreneurship.


Joseph Barisonzi



Joseph Barisonzi

Co-Founder and CEO
CommunityLeader Inc

Accomplished executive with fifteen years of experience and a verifiable record increasing organizational value, enhancing productivity, streamlining operations and improving sales performance. Dynamic and inspirational leader with a strong entrepreneurial spirit and talent for grasping innovative ideas, developing comprehensive strategies and implementing actionable plans.

  • Innovative systems thinker
  • Motivational leader
  • Intuitive organizational development specialist
  • E-commerce and internet platform developer

Specialties: marketing operations, community development, sales acceleration, strategic planning, emerging technology, leadership development, social entrepreneurship, immigrant investment, crowd-sourced funding.

Fred Bryant



Fred Bryant

Chief Compliance Officer
WealthForge

Fred Bryant co-founded WealthForge during his junior year at the University of Richmond. Since its inception, WealthForge has been focused on creating a more functional marketplace for early stage capital formation, allowing for a more efficient distribution of capital to the best ideas.

Fred is a graduate of the US Army Ranger School, deployed in support of Operation Enduring Freedom, and is a recipient of the Bronze Star Medal. He received his Bachelors Degree in Business Administration with a concentration in Entrepreneurship from the University of Richmond. He enjoys competing in endurance events.


Andy Carpiac



Andy Carpiac

Owner
Kittridge Realty and Hard Rock Hotel, Palm Springs

Andre ("ANDY") Carpiac is the owner of Kittridge Realty, a Los Angeles based group of commercial real estate companies focused on hotel, office and mixed use real estate investments in Southern California.  Andy is also the majority owner of the Hard Rock Hotel Palm Springs and recently completed a crowdfunding equity sale via Realty Mogul for a minority stake in the hotel.  He has over seventeen years of experience in the acquisition, operation, development and management of hotel, office, industrial, retail and mixed use properties on the West Coast.

Andy was previously a partner at Pacifica Capital Group, a privately held real estate investment firm that purchased and assembled a 3.6 million square foot portfolio of office, industrial and retail properties in Southern California.  Pacifica sold the last property in the portfolio in early 2005 in advance of the last commercial real estate crash.  Over his career, he has been personally involved as a principal in more than $500 million in commercial real estate projects.

Andy is a graduate of UCLA with a degree in Business and Economics. He is a past founding member of the SF Bay chapter of YPO (Young Presidents Organization) and currently serves on the Foundation Board of Loma Linda University Children's Hospital.


Mark Crawford



Mark F. Crawford

President and Managing Partner
Crawford Park Financial Inc.

Mark Crawford brings over 30 years experience in the real estate business to his ventures. His experience includes development, brokerage, mortgages, and investments of residential and commercial properties. In addition, he has obtained government approvals for over 1,000 apartments and subdivisions. As President of Crawford Park Financial Inc., he syndicates funds to purchase and/or renovate apartment units and acquires, arranges, brokers, and holds promissory notes secured by deeds of trust, mortgages, and security agreements. CPF originates via a DRE (Dept. of Real Estate) License in California.


AdaPia d'Errico



AdaPia d'Errico

Chief Marketing Officer
Patch of Land

AdaPia d'Errico is an entrepreneur, investor and strategic business advisor. As CMO of Patch of Land, she positions the brand through online community building, strategic partnerships and brand development. Previously she founded two businesses and served companies like Disney and Mattel in brand development, social media, and community development. She also spent several years in banking, and in investor relations for a Swiss hedge fund.

AdaPia has a BBA from the University of British Columbia.


Steve Ellis



Steve Ellis

Partner
Goodwin Procter LLP

Steven Ellis is a partner in Goodwin Procter's Litigation Department and a member of the Consumer Financial Services Litigation Practice. He has extensive experience in the defense of consumer class action lawsuits in both federal and state courts across the country. Mr. Ellis has represented prominent financial institutions, insurance companies, money transmitters and other major corporations in class action cases involving home mortgage loans, credit card processing, loan servicing, money transfers and other financial services.


Lawrence Fassler



Lawrence Fassler

General Counsel
Realty Mogul

Lawrence is the General Counsel of Realty Mogul. Previously he ran a real estate construction firm, and before that he worked for over 15 years as an attorney with prominent New York and Silicon Valley law firms (Shearman & Sterling and Cooley) and a medical device company that was ultimately acquired for over $4 billion.

Lawrence holds Series 7 and 66 licenses, and has a BS in Mechanical Engineering from UC Berkeley and a joint JD/MBA from Columbia University.


Lew Feldman


Lewis G. Feldman

Partner
Real Estate Capital Markets Group

Goodwin Procter LLP

Lewis G. Feldman is a partner in Goodwin Procter's Real Estate Capital Markets Group and head of the firm's Public Finance Practice. Mr. Feldman has been selected for inclusion in Chambers USA: America's Leading Lawyers for Business every year since 2000 and is considered to be among the nation's leading real estate and public finance attorneys, specializing in structuring, entitling and executing large-scale financings for government and the private sector.

Mr. Feldman also serves as co-chair of the firm's Crowdfunding Practice, acting as counsel to both crowdfunding platforms and their investors. Most recently, Feldman was the featured keynote speaker at CFGE's Crowdfund Investment and Alternative Finance Summit in New York.


Brian Fritton



Brian Fritton

Co-Founder and CTO
Patch of Land

Brian oversees the development of Patch of Land's platform and technology initiatives. Previously, Brian worked for a major search engine where he architected customer-facing products, developing enterprise-grade APIs, and built custom billing and audit systems. Brian also worked with an eCommerce solution provider leading the development of websites for brands such as Maui Jim, Warner Music Group, Ghirardelli and Anna's Linens.

Brian is an active member of the global invite-only Young Entrepreneurs Council, speaks often on technology's role in startups and received a Bachelors in E-Business from Chicago's DePaul University.


Jilliene Helman



Jilliene Helman

Co-Founder and CEO
Realty Mogul

Jilliene is responsible for overseeing the strategic direction and operation of the business. Realty Mogul is crowdfunding for real estate, a marketplace for accredited investors to pool money online and buy shares of pre-vetted real estate investments.

Jilliene is a Certified Wealth Strategist and holds Series 7 and 63 investment licenses. Prior to Realty Mogul, she was the youngest Vice President of 10,000+ employees at Union Bank, a subsidiary of one of the largest financial institutions in the world, Bank of Tokyo Mitsubishi UFJ.

After exposure to corporate finance, marketing and strategy, the majority of Jilliene's time with Union Bank was spent working in Wealth Markets as the Sales Development Manager for The Private Bank. Jilliene lead a team of Sales Development Specialists and coordinated sales efforts between the broker-dealer, registered investment advisor, lenders, trust advisors and wealth planners and worked on investment accounts up to $300 million.

Jilliene has underwritten over $3 billion of real estate ranging from retail, multifamily, office, residential, mobile home parks and self-storage.

Jilliene holds a degree in Business Administration from Georgetown University and has lived in in China, Spain and Japan.


Adam Hooper



Adam Hooper

Co-Founder and CEO
RealCrowd

Adam is the co-founder and CEO of RealCrowd, a venture-backed business that has built a better way to invest in real estate. By leveraging the collective experience of the founders in both real estate and technology, RealCrowd is an online real estate investing platform where accredited investors can co-invest in specific, institutional quality real estate with best in class professionals. RealCrowd has brought over $400 million of investment property to their network since the company's inception in 2013.


Justin Hughes



Justin Hughes

Co-Founder and CTO
Realty Mogul

Justin is the CTO and Co-Founder of Realty Mogul.  Realty Mogul is crowdfunding for real estate, a marketplace for accredited investors to pool money online and buy shares of pre-vetted real estate investments.

In addition to overseeing all technology development at Realty Mogul, Justin is a member of the executive team that sets the high-level goals and strategic direction of the firm.  He also coordinates operations to ensure internal processes run smoothly.

Justin is an avid technologist with a passion for real estate investing. Previously Justin built and ran an independent consultancy in Los Angeles providing services ranging between the creation and execution of digital marketing strategies, web and application development, general IT support services and online event production.  Prior to running his own business, Justin was a national sales leader for a major telecommunications provider.

Justin is a licensed real estate professional in California, holds Series 7 and Series 63 licenses, and earned his Bachelor's Degree in Cognitive Science from the University of California at Berkeley.


Joey Jelinek



Joey Jelinek

Co-Founder and CEO
GroundBreaker

GroundBreaker is the largest disintermediated real estate crowdfunding marketplace and white-label portal builder. GroundBreaker provides real estate companies with their own crowdfunding website and gives them access to thousands of accredited investors through the use of GroundBreakers marketplace.

Before founding GroundBreaker, Joey spent his career fundraising for institutional real estate owners on Wall Street. Joey transacted over $14 billion in real estate ventures and investments at Morgan Stanley and served as the COO of CBRE Florida Capital Markets. Joey also built Morgan Stanley's mortgage trading platform, allowing the bank to securitize trillions in mortgage backed securities. Joey experienced the painful and tedious process of private fundraising when he founded Byron Partners, an opportunistic real estate investment firm.

Joey's education includes Cornell (Business/Entrepreneurship) and Columbia University (Masters with Distinction, in Real Estate). Joey played water polo for Cornell and Columbia and gets super stoked about extreme sports and meditation.


Buck Jordan



Buck Jordan

Managing Partner
Canyon Creek Capital

Buck Jordan founded Canyon Creek Capital in 2010 and has over 10 years of experience in venture, media, consulting and M&A.  The fund is focused on funding early stage "Bridge to the A" and Series A investments in companies which have strong founding teams and demonstrated market adoption.  Buck has become known for producing top of market due diligence and providing a tremendous amount of value for his portfolio companies.  He is an advisor to several start-ups in the community, received his MBA from the UCLA Anderson School of Management and is a former Army Captain and Blackhawk Pilot.


Curtis Kaiser



Curtis Kaiser

Founding Attorney
Kaiser Law Group

Curtis Kaiser, JD/MBA serves as the co-Chair of the Los Angeles chapter of Tiger 21.  Curtis also serves as the leader of a ProVisors collaboration group of professional trusted advisors in Long Beach, California, and is a founding member of Bruin Professionals Long Beach. He currently serves as an Instructor at both UCLA's Anderson School of Business, where he taught a course in Strategic Business Communication, and the University of California Irvine's Paralegal Program, where he developed the program's Estate Planning course.

Mr. Kaiser began his legal career over a decade ago as an associate with Morrison & Foerster in Orange County, which was then California's largest law firm. He served as Corporate Counsel for Digital Interactive Systems Corporation, an early stage software company, of which he was a co-founder, before founding the Kaiser Law Group in 2007.Curtis is one of only four Board Certified Specialists in estate planning specialist in the Long Beach, California area. He adeptly guides families, individuals, and small business owners on creating estate plans that minimize taxes, costs, and complications while maximizing simplicity, ease of implementation, and family harmony.

He earned his B.A. degree, with honors, from the University of California at Santa Barbara and his J.D. degree from Santa Clara University, where he was named a Dean's Fellow and received a full merit scholarship. Mr. Kaiser also earned an MBA from UCLA's Anderson School of Business where he was selected as his class commencement speaker.


Jay Kerner



Jay Kerner

President and CEO
U.S. Realty Partners Inc.

Jay Kerner is the President and CEO of U.S. Realty Partners, a regional commercial real estate operating company and consulting firm focused on high quality properties in California and Arizona. He has over twenty eight years of experience in the acquisition, operation, development, leasing and management of retail, multi-family, office and mixed use properties.

Mr. Kerner was formerly Regional Director of Capital and Counties, U.S.A., a privately held real estate investment  trust with 2.5 Million square feet of retail, office, multi-family and mixed use properties organized as a subsidiary of Capital Shopping Centres Group, London (a publicly traded FTSE 100 company; CSCG.L). In addition to his duties overseeing acquisitions, dispositions, financing, and operations, he was a key executive involved in the sale of the company to Equity One (NYSE; EQY) in 2011 for more than $600 Million. Prior to that, he was Senior Director of Acquisitions for Federal Realty Investment Trust, a public REIT with more than 19 million square feet of high quality mixed use and retail properties in the best markets in the U.S. (NYSE: FRT). Mr. Kerner was also President of Kerner Management and Investments, a regional shopping center operator and developer, for more than 10 years. Over his career, he has been personally involved in more than $1 Billion in commercial real estate projects.

Mr. Kerner is a graduate of UCLA with a degree in Business and Economics. He is a member of the International Council of Shopping Centers and has served as a speaker at past events. In addition, his is a licensed California Real Estate Broker and General Contractor. Mr. Kerner is also the author of Chasing Yield; an Individual Investor's Guide to Passive Commercial Real Estate Investments.


Jonathan Littrell



Jonathan Littrell

General Counsel
AssetAvenue

Jonathan Littrell serves as General Counsel to Asset Avenue and is a Founding Partner of Raines Feldman LLP, a full-service law firm based in Beverly Hills, California. Mr. Littrell has significant transactional experience in a broad range of real estate, corporate, private equity and securities disciplines. Jonathan's corporate practice includes the representation of public and privately held companies in all aspects of corporate governance and finance including entity selection and formation, corporate structuring and restructuring, formation of funds and joint ventures, private placements of debt and equity and securities filings. Mr. Littrell has practical experience in all levels of real estate including acquisition, entitlement, relocation, construction and asset management having previously served as a Project Manager for a prominent Los Angeles-based development company specializing in the construction of low income tax credit housing. Mr. Littrell has also worked directly with local government agencies including the Los Angeles Housing Department, Community Redevelopment Agency and the Los Angeles City Council.



David Manshoory



David Manshoory

CEO and Founder
AssetAvenue

David is the CEO and Founder of AssetAvenue. A passionate entrepreneur with over a decade of proven success in startups and commercial real estate investing, he founded AssetAvenue to simplify the commercial real estate investment process by providing members with an online platform of meticulously pre-vetted investment opportunities in real estate notes. Prior to founding AssetAvenue, David was co-founder and CEO of one of the fastest growing startups in the country and also founded Momentum Capital Partners, an investor-backed real estate fund. David earned his Masters of Real Estate Development from University of Southern California.


Cynthia Nevels



Cynthia Nevels

Founder
Think.Crowd.Fund!

Cynthia Nevels, also known as "The Go-To-Lady", has helped public and private organizations overcome insurmountable management, marketing, technology and operational obstacles. For 14 years, Cynthia has served as Senior Partner with Integrality LLC, a business management and marketing consulting firm serving clients in major markets around the globe. She is the Founder of Think.Crowd.Fund! and creator of SafeCrowd©, a new equity crowdfunding transparency and validation web application.

For over 14 years, Cynthia has become an integral part of helping her clients meet their goals. Clients such as Capital One Bank, Palo Alto Software, J2 Global Communications, Dallas County Community College District, Denton Country Transportation Authority, PeopleFund, Wells Fargo, Capital One Bank, Taylor Distribution, Inc., Marcus Graham Project, Inc., Government Procurement Connections, Inc., Tarrant County College and Omni Telecommunications.

Nevels recently joined the United Way of Metropolitan Dallas' team of Social Enterprise mentors for the heralded GroundFloor initiative. She currently serves on the board of the American Institute for Education, Innovation, and Entrepreneurship and Marcus Graham Project, Inc. In 2012, she was appointed to serve on Chicago's Task Force for Social Innovation, Entrepreneurship, and Enterprise. During her career in Silicon Valley, she served as Global Program Manager for the leader in Customer Relationship Management, Siebel Systems, Inc. (now Oracle). As well as, recruited software engineers for e-business consulting firm Proxicom of San Francisco and Keane Consulting of Boston, MA. Nevels previously served as Vice Chairman of the Texas Jump$tart Coalition, a statewide financial literacy clearinghouse and a member of the National Jump$tart Coalition. In 2004, Nevels was appointed by Consumer Federation of America of Washington, D.C. to serve as State Director for the Texas Saves, a social marketing and asset building campaign supported by Governor Rick Perry, Consumer Federation of America, the Federal Reserve Bank of Dallas, and the FDIC.

She is a syndicated business and technology columnist and the Senior Editor of Disruptive View and host of public talk radio program, Disrupt Radio. She has been featured in Fortune Magazine, Dallas Morning News, Fort Worth Star-Telegram, Black Enterprise Magazine, Fort Worth Business Press, Rolling Out Magazine and Fast Comp.


Eric Senn



Eric Senn

Chief Executive Officer
Bumbershoot Ventures

Eric is an entrepreneur who has worked for four start-up companies since graduating from Yale University in 2010 - StageIt.com, ESM College, Austin Music Weekly, and Bumbershoot Ventures. StageIt is an online venue for live and intimate concerts and was funded by Sean Parker and Jimmy Buffett; ESM College is a video-based, ed-tech platform; and Austin Music Weekly generated high quality, live content of local bands.

Bumbershoot Ventures is the umbrella company Eric co-founded for The Right Arm, a universal tablet stand and mobile stand-up desk. Eric designed, patented, and secured funding for The Right Arm, and the product successfully raised over $118k on Kickstarter in February 2014. During its first week, The Right Arm Kickstarter campaign was the most popular design project in Texas and one of the top ten most popular design projects in the world. 

Eric is currently building a crowdfunding platform set to launch in 2015.


Paige Serden


Paige Serden

Senior Vice President and Regional Manager
Real Estate Division
City National Bank

Paige Serden is a senior vice president and regional manager with City National Bank's Real Estate Division. Paige oversees the division's Los Angeles Region, Ventura and Santa Barbara counties, and is responsible for construction lending, operations, and business development. A recognized industry expert, Paige has been in real estate financing since 1985. She currently serves on the boards at Southern California Leadership Network, UCLA Ziman Center for Real Estate and co-chairs the bank's Women's Caucus.


Hrach Simonian



Hrach Simonian

Principal
Canaan Partners

Hrach joined Canaan in 2007 and focuses on both the consumer and enterprise sectors. Hrach currently sits on the board of CompStak, Realty Mogul and Washio and led Canaan's investment in Instacart and Plixi (acquired by Lockerz). Additionally, Hrach has worked closely with several Canaan portfolio companies including Kabam, Associated Content, Zoosk, PrimeSense, Tremor Video, Cardlytics, Switchfly, SandForce, Ebates, and OneFineStay. All this, and he can repair virtually anything with duct tape and a bent screwdriver.

Prior to joining Canaan, Hrach served as the Digital Media Research Associate at Rutberg & Company. The research group's coverage spanned product and technology categories, including semiconductors, devices, infrastructure, and services. Previously, Hrach held several positions at Northrop Grumman and TRW in the solid state laser research & development department conducting experiments in high power laser research and beam manipulation. Hrach also interned at two startups, The Retail Exchange and Jamdat back in 2000 and 2005.

Hrach holds an MBA from the Stanford Graduate School of Business and served as a co-president of the VC Club. Previously, he earned an M.S. in Electrical Engineering from the University of Michigan in Ann Arbor, where his research focused on neuronal networks, linear systems analysis, and solid-state lasers. He also earned a B.S. in Electrical Engineering from UCLA specializing in biomedical engineering.


Eric Siragusa



Eric Siragusa

Vice President and Partner
MHP Funds, LLC

Eric is a Partner at MHP Funds, LLC, co-managing multiple Mobile Home Park investment funds with Dave Reynolds and Frank Rolfe.  MHP Funds and their affiliated companies are believed to have a portfolio containing the 15th largest number of mobile home lots, and the 3rd largest number of Mobile Home Parks in the country, with over 100 parks and 10,000 lots in 16 states.

In 2006 joined the Board of Directors of the non-profit North San Diego Real Estate Investors Association, Inc. (NSDREI), one of San Diego's leading real estate education and networking organizations. He has served as President of the NSDREI since 2008. Eric also serves as an educator, mentor and consultant to other real estate investors and professionals, and has been a featured speaker, panelist, author and radio-show guest.

Eric holds a Ph.D. in Electrical Engineering from the University of California at San Diego and has received multiple patents.


Gerard M. Stegmaier


Gerard M. Stegmaier, Esq.

Partner
Privacy and Data Security
Goodwin Procter LLP

Mr. Stegmaier is an attorney in the Washington, D.C. office of Goodwin Procter LLP where he leads the firm's D.C. privacy and data protection group. He practices technology law with special emphasis in the areas of e-commerce, privacy, intellectual property and the First Amendment. His practice encompasses transactional, regulatory and litigation matters for emerging enterprises as well as Fortune 100 companies. He acts regularly as outside global coordinating counsel for many leading enterprises for privacy and information governance, especially cross-border for cloud computing matters.

Mr. Stegmaier also serves as an adjunct professor at George Mason University School of Law where he created and has taught one of the first courses on information privacy law for over ten years. He has represented many of the Internet's pioneers on important questions of first impression. He serves on the Advisory Board of Internet Law & Regulation, a Bloomberg publication, and organizations such as the Wall Street Journal, and Harvard Business School regularly seek out his views.

Mr. Stegmaier is a magna cum laude graduate of George Mason University School of Law where he was an editor of the law review.


Ray Sturm



Ray Sturm

Co-Founder and COO
RealtyShares

Ray Sturm is Co-Founder and COO of RealtyShares and is responsible for finance and operations.  Ray began his career in finance, working in investment banking first on the Acquisition Finance team at Bear Stearns and then the Restructuring team at Lazard Frères.  From there, he joined CCMP Capital as a private equity investment professional.  While at CCMP, Ray evaluated both company and infrastructure investments in a variety of industries in both North America and Europe.

Ray holds an MBA from the University of Chicago Booth School of Business, a JD from the University of Chicago Law School, and a BBA in Finance from the University of Notre Dame.


Ron Suber



Ron Suber

President
Prosper Marketplace Inc.

As President of Prosper Marketplace, Ron is responsible for developing and executing the business development strategy to attract borrowers to the site, as well as ensure a balance between institutional and retail investors on the Prosper platform. He brings more than 20 years experience in sales, marketing and business development across the hedge fund, broker dealer and registered investment advisor industries.

Before to joining Prosper, Ron was Managing Director at Wells Fargo Securities. Prior to Wells Fargo, Ron served as the Head of Global Sales and Marketing and Senior Partner for Merlin Securities. Ron also served as President of Spectrum Global Fund Administration, and spent 14 years at Bear Sterns where he served as Senior Managing Director and Manager of Global Clearing Sales.

Ron earned a B.A. in Economics from the University of California, Berkeley.


Eric Sussman



Eric Sussman

Senior Lecturer
UCLA Ziman Center for Real Estate

Since 1995, Eric has been a lecturer in accounting and real estate at the UCLA Anderson Graduate School of Management, where he has been voted Teacher of the Year thirteen times by Anderson's MBA students, and has been awarded the Citibank Teaching Award (1998) and the Neidorf Decade Teaching Award (2008), both voted upon by a committee of faculty members.  He has also received recognition by Businessweek as one of the Top Ten Most Popular Business School Professors in the country. He teaches in the areas of cost/managerial accounting, financial accounting (beginning through advanced), financial statement analysis, equity valuation, corporate financial reporting, and real estate investment and finance to undergraduate, graduate, and Executive Education students.

Outside of campus, Mr. Sussman is president of Amber Capital, Inc., Manager of Fountain Management, LLC and Clear Capital, LLC, and Managing Partner of Sequoia Real Estate Partners, and the Pacific Value Opportunities Funds, which have acquired, rehabilitated, developed, and managed over two million square feet of residential and commercial real estate in the past 20 years.

He received his MBA from Stanford, with honors, in 1993, after graduating Summa cum Laude from UCLA in 1987.  He is a licensed CPA in the State of California.

Carlo Tabibi



Carlo Tabibi
Co-Founder and CEO
Patch of Land

Carlo Tabibi is Patch of Land's CEO, executing the company vision of bridging the gap between traditional real estate financing and the new world of crowdfunding. For 20 years Carlo has been operating, developing, and investing in real estate. Carlo has founded or invested in multiple online retail businesses including Tabcom.com and perks.com where he is currently Chairman.

Carlo holds a Bachelor's degree in Real Estate and Finance from USC and studied at Loyola Law School.


Gary Tenzer



Gary M. Tenzer

Co-Founding Principal and Managing Director
George Smith Partners Inc.

Gary M. Tenzer is co-founding Principal and Managing Director of George Smith Partners Inc., ("GSP"); a Los Angeles based real estate investment banking, financing and consulting services firm. GSP represents many of the largest and most prominent developers and owners of real estate throughout the country.

With over 35 years of experience in originating, structuring, underwriting and negotiating sophisticated real estate financing transactions, Mr. Tenzer has been personally involved in the placement of over $8.0 Billion dollars of real estate financing throughout the country. In addition to arranging financing for his clients, Mr. Tenzer has had extensive experience as an expert witness and litigation consultant. He has been involved in over three hundred real estate litigation matters, representing both plaintiffs and defendants, and has testified over 100 times in state and federal courts at both jury and bench trials.

Mr. Tenzer is a member of the Sustaining Board of the UCLA Ziman for Real Estate and has been a frequent lecturer at undergraduate and graduate real estate finance classes at UCLA and USC; he is also a member of the Urban Land Institute.

Education

  • Master of Science in Business Administration (MSBA) 1979: University of Southern California. Major in Real Estate Finance, with specific focus on real estate economics and financial feasibility and rate of return analysis.
  • Master of Business Administration (MBA) 1978: University of Southern California. Majors in Finance and Entrepreneurship and Venture Management. Emphasis on capital structure and creation of start-up enterprises in the real estate industry.
  • Bachelor of Arts (AB) 1976: University of California, Berkeley. Degree in Economics with emphasis on Urban Land Economics and quantitative analysis; minors in Psychology and Astronomy.


Richard A. Weintraub



Richard A. Weintraub
Chief Compliance Officer and General Counsel
CommunityLeader Inc

Richard A. Weintraub is the Founder of Weintraub Law Group PC. Rick is an 'AV'-rated attorney by Martindale Hubbell. He has been Lead Counsel in more than 400 public and private offerings and more than 250 mergers and acquisitions. Rick also is the Chief Compliance Officer and General Counsel for CommunityLeader Inc., a provider of white-labeled platforms designed to provide software and services to firms to  manage offerings of securities in the Regulation D, Regulation A+ and Crowdfunding areas.


Arthur Weissman



Arthur Weissman

Vice President, Business Development
WealthForge

Arthur Weissman is an industry expert leading the transformation of private investing from "offline" to "online".  At WealthForge, Arthur heads sales and marketing helping to make raising private capital cheaper, faster and easier than ever before. Prior to WealthForge, Arthur was the co-founder of Market76, an industry leading financial advisor technology platform as well as Main Line Group Wealth Management, a boutique Registered Investment Advisor.  He has held strategic roles for Global 500 companies including Citigroup and Telstra and has extensive experience working throughout Asia and emerging markets driving technology business development and strategy. Arthur enjoys spending time with his family, travel and new adventures.

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