Tampa Bay State of the Market

Phillip Smith is based in Tampa, and leads Framework Group’s efforts and coordinates the Company’s strategic plans for developing urban residential and mixed-use developments throughout Florida. Since 2012, Framework has developed over 1,600 apartment units and currently has an additional 1,800 units under construction or in the development pipeline through 2018. Mr. Smith is responsible for acquisition, approvals, obtaining project financing and overseeing all construction and property management activities. Of keen interest to him are those high barrier-to-entry development opportunities that present complex challenges as they relate to political, regulatory, site design, or environmental issues. Each Framework project starts with a design-centered approach to development that focuses on product innovation and serving an unmet need in the marketplace. Prior to forming Framework Group, Mr. Smith established the Florida multi-family office for Crosland, an 85- year-old private development company based in Charlotte, NC. Prior to joining Crosland, he was a Partner in a private venture based in Connecticut where he developed multi- family residential projects throughout New England and South Carolina. Prior to that, he was a Senior Development Manager at JPI, where he opened the Boston office for the Texas-based apartment developer. There he developed over 3,500 apartments in some of the country’s most challenging regulatory and construction environments in Massachusetts, New York, New Jersey, Rhode Island and New Hampshire. Prior to that, Mr. Smith was a senior manager at Toll Brothers, the largest publicly-traded luxury homebuilder in the U.S., where he was responsible for site acquisition, approvals, and the management of the construction and sales teams in Massachusetts. Mr. Smith currently serves on the Board of Directors of the Westshore Alliance, and is Past-President of Leadership Tampa Bay. He has lectured on real estate development and finance at Harvard’s Graduate School of Design, Clemson University and the University of South Florida. Mr. Smith is a licensed Florida General Contractor, a LEED-Accredited Professional and a licensed Florida Sales Associate. Mr. Smith earned his Bachelor of Architecture, magna cum laude, from Auburn University, and Master in Architecture from Harvard University.

Todd Fultz is the Managing Director of Plaza Construction Group’s new Central Florida Office. Fultz, an industry veteran with more than 20 years of construction experience on projects in the hospitality, corporate office, multi-family, retail, aviation, education and sports market sectors, is now leading Plaza’s expansion into important markets in the region, including Tampa and Orlando, as a Managing Director. Prior to joining Plaza, Fultz served as Vice President of the Central Florida region for Manhattan Construction and as a project executive for DPR-Hardin Construction. He has been a part of building the Tampa skyline through such projects as The Westin Hotel on Rocky Point, Parkside of One Bayshore, Grand Central at Kennedy, Kforce Headquarters, LakePointe II at Tampa Bay Park, Jesuit’s Hyer Family Park Baseball Stadium, Raymond James Stadium, and several projects at Tampa International Airport. Todd currently serves as the Chairman of the Board of the Florida Gulf Coast Chapter of Associated Builders and Contractors (ABC). At ABC, he has also served as the Marketing & Programs Committee Chair and helped start and co-chair the organization’s NexGen Construction Leadership Program. As a community-minded citizen, Todd is an alumnus of Leadership Tampa, Class of 2013, an active Board Member of Big Brothers Big Sisters of Tampa Bay, a member of the Jesuit High School Foundation, Committee Chair of Cub Scout Pack 19, and a coach for Palma Ceia Little League. A Tampa native, Fultz holds a bachelor of science from University of Florida’s M.E. Rinker Sr. School of Building Construction, Gainesville, Florida.

Larry D. Richey is Managing Principal and Florida Market Leader for Cushman & Wakefield’s Florida offices. In that position, he is responsible for the company’s offices in Tampa, Orlando, Jacksonville, Miami, West Palm Beach, Boca Raton and Fort Lauderdale. Before joining Cushman & Wakefield 36 years ago, Mr. Richey was a Certified Public Accountant with the accounting firm of Coopers & Lybrand in Atlanta. He is also an attorney and a member of the Georgia Bar. The Florida offices of Cushman & Wakefield consistently rank at the top of the competitive commercial real estate services industry in their respective markets. The company also manages and leases a forty seven million square foot office, industrial, and retail portfolio in the state.

Beck Daniel is Executive Vice President of Development of BTI Partners, a real estate investment and development firm in Fort Lauderdale, FL. Based in Tampa, Mr. Daniel is BTI's corporate representative for the west coast of Florida and is spearheading development of Westshore Marina District, a 52-acre mixed-use planned community on the West Shore’s waterfront. Within the district, Mr. Daniel is also leading Tampa's biggest condominium venture, Marina Pointe, a luxury three-tower project rising on Tampa Bay’s waterfront. Mr. Daniel is also responsible for identifying and pursuing new development and investment opportunities in the burgeoning areas of Tampa/St. Petersburg, Sarasota and Naples. Prior to joining BTI, Mr. Daniel was a Real Estate and Finance Analyst at Southstar Development Partners Inc., and Assistant Project Manager at The Related Group.

Adam is a founding principal of SoHo Capital, a Tampa-based firm that specializes in the acquisition and development of mixed-use, residential, retail, office and industrial properties. SoHo Capital is a boutique private equity and development company engaged in acquisition, master planning, entitlement, horizontal development, public private partnerships, governmental development agreements, brownfield remediation, wetland mitigation, greenbelt consulting and other aspects of the development process. Over the past 12 years, SoHo Capital has assembled key sites and entitled over 600,000 square feet of commercial/industrial projects, 1million square feet of office space, 500,000 square feet of retail, and 4,000 residential units. SoHo Capital’s portfolio of projects includes the Heights in Tampa’s urban core, a 50-acre, 2.2 million-square-foot urban mixed use development on the Hillsborough River. Adam is a certified general contractor (FL# 1512364), and spent the early part of his career as a homebuilding executive.

Mr. Feldman has been the president and CEO of Feldman Equities since 1990. From 1997 until 1999, he was the founder of, and served as the Chairman of the Board and Chief Executive Officer of Tower Realty Trust, a publicly traded REIT (New York Stock Exchange symbol: "TOW"). From 2004 to 2009, Mr. Feldman served as Chairman of Feldman Mall Properties, Inc. a publicly traded REIT. He is also the founder and former Chairman of the Midtown West Association of New York City. Mr. Feldman was formerly a member of the Board of East Woods School in Oyster Bay NY. He graduated from Windham College with a Bachelor of Science degree in Economics. Mr. Feldman has lectured at the graduate schools of N.Y.U. and Columbia University on commercial real estate development. Mr. Feldman has been directly responsible for the management, development or acquisition of over 11 million square feet of real estate with an aggregate value of over $3 billion dollars during a career spanning over 30 years in the commercial real estate business. Mr. Feldman's primary focus over his career has been on the acquisition and redevelopment of turnaround real estate.

Zach is the co-founder and Chief Investment Officer of Pender Capital. Zach co-founded Pender in 2015 and brings over 16 years of experience in both commercial real estate finance and capital markets expertise. Zach oversees the firm’s Investment and Research program which includes deal sourcing, research, and structuring and is a member of the Investment and Research Committee and the Management Committee. Prior to Pender, Zach served as Managing Director/ Senior Vice President for Liberty SBF, a commercial finance company based in Philadelphia, where he was responsible for establishing Liberty’s Western Regional HQ in Los Angeles and directed West Coast originations and operations. Zach personally originated over $60 million of commercial loans during the first year of operations on the West Coast. In 2008, Zach joined Silver Point Capital, LP in New York, a Goldman Sachs partner fund, where he was responsible for commercial real estate loan originations and insurance-linked securities trading. During his tenure at Silver Point, Zach traded more than $500 million in distressed commercial real estate debt, insurance-linked securities, and assets in the capital markets. From 2004 to 2008, Zach served as Senior Vice President/Division Director of Velocity Commercial Capital where he was the company’s highest grossing originator in e

As the Chief Executive of Liberty Group, Mr. Shah maintains overall executive control over the investment and management divisions of the company, and serves as the General Partner of Liberty Hospitality Fund I & II. Mr. Shah is an alumnus of Boston University where he now serves on the Board of Directors and has established the Punit & Carla Shah Family scholarship. Mr. Shah attended the Harvard University Economics Honors program, and Political Science and Real Estate Development programs at Cornell University and Emory University. Mr. Shah is a member of YPO, and has served on the Global Board of the Intercontinental Hotels Group Owner's Association. His honors include receiving the Florida's Governor's Enterprise award, Florida Business Review “Under 40” and Entrepreneur of the Year awards, named as 25 People to Watch in Florida, and serving as the 2017 Boston University School of Hospitality commencement speaker. In 2017, Mr. Shah, as part of an investment group led by Derek Jeter, purchased the Miami Marlins Major League Baseball team, and is an official Owner of the team.

A Certified Public Accountant and Partner with Cherry Bekaert, Ryan provides business and tax guidance that yields significant tax savings to clients of various sizes and industry sectors such as technology and health & life sciences, transportation, manufacturing and distribution, and real estate & construction. His guidance emphasizes strong tax planning and tax compliance management, tax vendor supervision, audit, litigation and settlement oversight and lobbying capabilities. As a member of the Firm’s Tax practice, Ryan advises clients on implementing and managing federal, international, and state tax planning structures. Further, he offers a detailed concentration on financial statement reporting (ASC 740) and business operations, and the effects of the restructuring process. Ryan is also able to provide management with solutions to accounting systems, payroll, human resources, legal, regulatory, servicing, marketing, distribution, sales and related operational issues. Ryan once served as the director of corporate taxes for a Fortune 500 company. In that role, he was responsible for the company’s tax structuring of all mergers and acquisitions, tax due diligence, financial statement reporting, tax compliance, and audit and litigation management. Ryan also served for 17 years at a Big Four firm, seven of those as a partner.