TONY W. DIGGAN 55 Scarlet Oak Drive Princeton, New Jersey 08540 609.947.2732
VICE PRESIDENT ACQUISITIONS Entrepreneurial real estate professional with excellent professional track record for real estate development and strategic management. Expert in financial analysis with proven ability to structure, negotiate, and close acquisitions. Skilled in developing and managing joint ventures. Dedicated team player/builder with intense drive and exemplary project management skills. Well versed in securing project entitlements and leading design development process. Professional Engineer, NJ.
Negotiation Financial Analysis Debt and Equity Sourcing Joint Venture Management Acquisitions Due Diligence Asset Management Market Analysis Project Management Feasibility Analysis
FORMAL EDUCATION Master of Business Administration, Finance 2004 Rutgers University, Piscataway, New Jersey Bachelor of Science, Environmental Engineering 2001 Wilkes University, Wilkes Barre, Pennsylvania
PROFESSIONAL EXPERIENCE CAPODAGLI PROPERTY COMPANY, Pompton Plains, NJ April 2008 to Present Regional Multifamily Developer/Builder Vice President Finance/Vice President Development Manage strategic direction and growth objectives to grow company into a multi-faceted real estate company. Manage all facets of the companys day to day operations. Sourced nearly 100% financing for several multifamily projects, totaling $70M in construction costs. Financing sourced consisted of debt and equity sources. Redesigned portfolio of 1500 to-be-built multifamily units to increase project feasibility and increase their likelihood of being financed. Managed approvals from planning boards, zoning boards and redevelopment boards. Managed team of professionals involved with same. Manage projects from acquisition through construction. HERITAGE BUILDING GROUP, Doylestown, PA October 2007 to March 2008 Diversified regional developer/builder, with $100 million in annual sales. Planning Associate Managed portfolio of 30 communities. Responsible for financial analyses including creation and management of complex proprietary models. Participated in strategic business planning and recommended investment strategies to mitigate projected losses. Responsible for directing cross functional efforts between sales, marketing, legal and construction.
LENNAR, Cherry Hill, New Jersey 2005 to August 2007 Top publicly traded residential developer/builder, with $16 billion in annual sales. Finance Manager Created finance department responsible for operation for all land division financing. Key role in asset management and operation of land division. Identified, underwrote and financed acquisitions, including negotiating purchase terms, modeling and analyzing deal financials, preparing market research, overseeing property due diligence and preparing investment book for corporate investment committee. Managed all JV and fund relationships.
Identified and removed over $30 million in potential loopholes in mid-rise development project purchase and construction contracts, earning recognition as regional subject matter expert. Led negotiations on merger and acquisition of regional builder/developer. Negotiated removal of $20 million of underachieving assets, reducing purchase price by 20% and improving IRR by 40%. Structured and negotiated CAM agreements and DCA filing for major mixed-use project. Successfully placed $30 million asset with CALPERS Fund and played key role in restructuring placement terms. Successfully structured, closed and managed $25 million of assets in JV arrangements including extensive restructuring in current market cycle. Devised $300 million land fund to decrease deal placement time. Project Executive for 1400 home golf course community. Secured approvals and led design on 350 units. Successfully value engineered site work and construction process while developing an additional 300 units to save $5M. Created financial models to streamline underwriting of mixed-use/urban development opportunities. Models were adopted by the region. Chosen by executives for National Military Base Acquisition Team. Lead acquisition effort on a potential $600M+ asset. Travelled domestically to inspect target/owned assets.
MICHAEL BAKER JR., INC., Princeton, New Jersey 2001 to 2005 $800 million a year international engineering and energy management firm. Project Manager Developed new opportunities and sold engineering services. Negotiated with and on behalf of high-level public officials and stakeholders. Project Manager for New Jersey Department of Transportation preliminary engineering projects including transit oriented and smart growth projects. Trained, evaluated, and led teams of engineering and construction employees. Built relationships with public officials, private business owners and community groups to foster support for projects. Managed internal/external design teams. Orchestrated comprehensive proposal winning $120 million interchange improvement project from NJDOT, providing 5 years of revenue for division. Managed $3 million term agreement with all projects (35) delivered on time/within budget. Achieved $30 million savings with solution for highway interchange project. Saved $15 million and thousands of traffic hours with solution for failing bascule bridge.
CLOUGH, HARBOUR & ASSOCIATES, Moosic, Pennsylvania 2000 to 2001 $85 million a year engineering consulting company. BORTON-LAWSON ENGINEERING, Wilkes Barre, Pennsylvania 1997 to 2000 Regional engineering firm with $15 million in annual sales. Project Engineer Designed retail pad sites and residential subdivisions.
CERTIFICATION/TRAINING/AFFILIATIONS Professional Engineer (PE), State of New Jersey, Urban Land Institute, Congress for New Urbanism COMPUTER SKILLS Excel, Argus, Access, MS Project, PowerPoint, Adobe Suite, CAD and Engineering Design Programs
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