In the early 90s, when the music stopped and the real estate markets collapsed, I was CFO of a Washington DC's largest owner/developer. I was charged with establishing new banking relationships to help the company navigate the crisis, and it was then that I met Carl Reichardt, who was then CEO of Wells Fargo. Wells came to the rescue, and became our lead banker, and the bonus was that I had an opportunity interact regularly with Carl.

He was a Bankers Banker who knew how to balance strong credit discipline with overarching support for clients, and by the way, establishing Wells as one of the healthiest among the majors. Carl passed away over the weekend and the Wall Street Journal reflected on his life and days as a banker. Aside from his credit and relationship skills, Carl declared war on costs. He was not into other bankers palatial offices or private-jet jaunts to mingle with princes and pop stars. He sold the corporate jet, and at one meeting asked why it was necessary to put documents in ring binders when paper clips would do.

There is so much to be learned from how Carl managed the business at Wells. Every once in a while you have the opportunity to work with someone special, and for me, Carl Reichardt was one of them. A truly great banker.

Job Listings

THE LIGHTSTONE GROUP
EB5 Investor Relations Associate
(NEW YORK, NY) Position will report directly to the Chief Investment Officer for all of Lightstone's EB5 Projects. In addition, position will work directly with high-level real estate, immigration, and legal professionals and will be the primary Lightstone representative when attending domestic EB5 conferences.

PACOLET MILLIKEN ENTERPRISES
Financial Analyst/Associate
(GREENVILLE, SC) Duties include: assisting in underwriting new investment opportunities; building, maintaining, and auditing Argus and Excel valuation models; and modeling property and partnership level returns.

VANKE US
Construction Manager
(SAN FRANCISCO, CA) Manager will asses design and constructional aspects of projects; prepare budget analysis of both hard and soft project costs; and assist in formulating project team, selection of CM/Contractors, and procurement methodology.

FLAGSHIP HEALTHCARE PROPERTIES
Property Manager
(ALLENTOWN, PA) Position will develop and manage annual property budgets and forecasts; manage capital expenditure and property maintenance program for each asset; and create documentation necessary for approval and payment of real estate, business privilege and other property and lease-related taxes.

KBS
Investment Analyst
(LOS ANGELES, CA) Analyst will assist with the analysis of investment opportunities including review of market statistics, preparation/modification of Argus to generate cash flows and export/manipulation within KBS Excel templates; and coordinate due diligence materials for prospective investments.

NUVEEN
Sr. Research Analyst, Real Estate Securities
(MINNEAPOLIS, MN) Position will develop coverage on assigned real estate sector(s); formulate investment recommendations based on analysis of work and communicate these opinions to other members of the team; and identify areas where additional support to the analyst/portfolio managers is needed.

UNIVERSITY OF MINNESOTA
Vice President for University Services
(MINNEAPOLIS, MN) VP will have leadership and oversight responsibility for six key units of operation supporting the University system. Collectively, these units have over 3,500 employees (2,222 FTE), annual operating budgets of approximately $416 million, and a capital portfolio of over $1 billion in active projects.

INSTITUTE FOR MARKET TRANSFORMATION
Director Market Engagement
(WASHINGTON, DC) Responsibilities include building and maintaining relationships, driving business development, expanding real estate engagement and energy efficiency programs, and managing team.