South Florida Market Update

Avra Jain, a Purdue University industrial engineer graduate, has a reputation for developing projects around her favorite pursuits: art and architecture. The recipient of three Sundance Film Awards, Ms. Jain has directed boutique projects that range from converting a warehouse into luxury loft condominiums to the remake of The Vagabond Motel on Biscayne. She is a board member of the MiMo Biscayne Association.

Scott Sherman is Founder and Principal of Miami-Based Torose Equities. He is responsible for the firm's strategic direction, sourcing investment opportunities, capital markets and operations. Torose is a real estate investment firm with several different verticals, including a value-add urban retail, office, and mixed-use strategy within the Southeastern United States. Prior to launching Torose, Scott co-founded Tricera Capital where he led the charge on strategic direction, capital markets and sourcing investment opportunities. In this role, Scott built a portfolio in excess of $700M over five years and consistently delivered returns in excess of 20% IRR and a 2x multiple across realized investments. Scott maintains ownership and major decisions across the Tricera portfolio and continues to be a minority owner of Tricera Capital. Previously, Scott was Vice President of Acquisitions at Thor Equities. He was responsible for acquisitions in the Southeast United States including Miami, Washington, DC, Nashville, Austin and Charleston. Additionally, he was a key member of Thor’s expansion into Montreal, London and France. At Thor, Scott completed in excess of $2 Billion of acquisitions focusing on urban retail and mixed-use assets. Prior to Thor, Scott was the Director of Acquisitions at Becker Brothers where he was responsible for sourcing and executing value-add strategies across the Northeast and Mid-Atlantic U.S. During his tenure at Becker Brothers, he managed a mix of asset types including retail, office and parking garages. Before Becker Brothers, Scott began his career at Ernst & Young in the Transaction Real Estate Advisory group where he also obtained his CPA license in the state of NY. Scott is a native of South Florida and currently resides in Miami with his wife Laura, son Lucas, and daughter Lily. He received his MS and BS in Accounting from the University of Florida where he graduated Summa Cum Laude. Scott is a member of ICSC, and CIASF, in addition to several philanthropic organizations he dedicates time to in his community.

Philip Rosen is Chair of the firm’s Real Estate practice group. His practice is focused on commercial and residential real estate matters and business transactions. With more than 16 years’ experience, he has counseled countless clients through the life cycle of their transactions. His clients include investors, developers, REIT’s, commercial landlords and tenants, private and institutional lenders, franchisees and business owners across Florida and the U.S. He routinely collaborates with brokers, lenders, and investors to help push his clients’ deals across the finish line. Philip also assists clients with all aspects of probate and trust administration, including marshaling assets, communicating and negotiating with beneficiaries and creditors, and the distribution of assets. EXPERIENCE Counsel to large Wendy’s franchisee in their acquisition of various portfolios totaling over 100 stores Counsel to Florida-based business in purchase and sale of dozens of real estate parcels throughout the U.S. Counsel to franchisee in leasing matters for a 180+ unit nationwide restaurant business Counsel to NJ-based REIT in their Florida real estate matters Counsel to South Florida investor in acquisition of $100,000,000 nationwide multifamily portfolio Counsel to South-Florida investor in acquisition and disposition of real estate throughout the Florida totaling over $85,000,000 Counsel to local real estate developer in acquisition, development and disposition of real estate throughout Florida totaling over $45,000,000 Counsel to local developer/investor in their Florida real estate and corporate matters Counsel to developer in financing, development and sale of luxury townhouse project in Key West Preparation of Operating Agreements and Shareholder agreements for countless real estate investors and developers Counsel to hundreds of Personal Representatives and Trustees in connection with the administration of estates and trusts and disposition of their real estate holdings RECOGNITION Recognized by the Miami Herald as a Top Rated Lawyer in 2015 Recognized by Florida Super Lawyers – South Florida Edition as one of South Florida’s Rising Stars for 2009 AV Preeminent 5.0 out of 5 Peer Review Rated PROFESSIONAL / COMMUNITY ACTIVITIES Florida Bar – Real Property, Probate and Trust Law Section New York Bar – Real Property, Probate and Trust Law Section Jewish Federation of Broward County – Real Estate Committee Broward County Bar Association- Young Lawyers Division