Previously, she spent nearly seven years at Millennium Management supporting C-Level Executives and Global Heads. Prior to joining SomeraRoad, Steven was an Investment Analyst at PGIM Real Estate, Prudential’s real estate investment management business. She collaborated closely with the CFOs and controllers on various private equity and hedge fund accounting needs. Ross started the company out of his Manhattan apartment in the summer of 2016 and has since grown the team to 15 professionals, who punch above their weight and successfully execute and asset-manage across the firm’s unbelievably large footprint. Mark received a B.S. They buy, execute, stabilize, monetize and repeat, aiming at smaller deals that are typically bypassed by larger institutional firms. It trades in distressed CMBS credit, buying and using the rights of the controlling bondholder to pull out and work out deals. “You wouldn’t learn his kind of commercialism at a bank,” the global hedge fund manager said. Brock received a B.A. We like to stay nimble and flexible, and we want to be able to do deals of any size, asset class, geography or risk profile without them having to fit into a specific box or mandate.”, Per the hedge fund manager who spoke to CO anonymously: “if [Ross] overstretches his [firm], he’ll shatter it … he’s self-aware.”, “Listen, if I had the cojones, I’d have done the same thing,” Bayview’s Philip said. in Economics from Columbia University where he also played on the varsity football team. Ian founded the platform in 2016 and has since built the firm into a diversified and vertically integrated commercial real estate investment and development platform. (Somera was named as one of Inc. Magazine’s Best Workplaces 2019. “These deals” have turned his 3-year-old firm into a heralded, but rather inconspicuous, private equity real estate shop deploying what sources told CO is a “clean playbook of perfect execution” on off-market, distressed CMBS real estate opportunities across the country. That spoke to me.”. There, Alex was a Senior Fund Accountant, supporting the firm’s accounting and treasury functions. Mark will be spearheading pre-construction, estimating, and early development planning for our Core Construction Services team. He worked for seven years with Clark Construction, one of the nation's most experienced and respected general contractors, serving as Senior Preconstruction Manager. in International and Comparative Politics from the American University of Paris in Paris, France and obtained her L.L.M. 130 W 42nd Street, 22nd Floor Michael is a Partner at NYC-based law firm Couzens Hall Advisors, LLC. Andrew oversees and spearheads all aspects of the firm’s ground-up development platform with a current pipeline of multifamily projects, in excess of $1 billion in total cost. He brings a wide breadth of experience to the table, having led the execution of complex projects across a variety of market sectors such as office, multifamily, hospitality, historic adaptive reuse, healthcare, retail, and educational facilities. “They won’t last in his culture very long if they don’t move at a very fast speed.”, The fund manager said that when he was introduced to Ross and Somera just under a year ago, he deployed a diligence team into Ross’ ecosystem and pool of existing investors “to fully understand what he was doing, because quite candidly, he’s such an outlier, I wanted to make sure it was real.”, Ross is a staunch opponent to the idea of overextending his firm, shooting higher or becoming a “fund,” because he considers it a headache and a hindrance to his investment philosophy. Erik's responsibilities include leading the company's business operations and accomplishing the goals of the developer's business objectives. While at UConn, Jim worked as an Operations and Financial Assistant within the University’s Biomedical Engineering Labs. I decided to take a concept I liked into Houdini to get results from VDBs that would otherwise be difficult or impossible in C4D. Previously, Andrew was a Senior Analyst at Ackman-Ziff Real Estate Group, a real estate capital advisory firm. Saira graduated with a B.B.A. Brian received a B.B.A. With over 20 years of experience and construction expertise, Erik's vision and leadership provide guidance that motivates the Core Construction Services team to look for innovative and cooperative ways to create value for clients. Amit oversees the debt capitalization of each transaction and structures platform-level financing strategies across the firm. [They] find where the distress is and take advantage of the opportunity, while being smart about what’s presented to [them]. “There is a dearth of high-quality, creative, immediately available, unique space — similar to what Austin went through three or four years ago,” said Ian Ross, managing partner of Somera Road. Greater New York City Area 500+ connections “We use a twin desk at home,” Ross said. Jim is an Operations Analyst at SomeraRoad. Photo: Sasha Maslov/ for Commercial Observer, The walls of Somera’s office at 130 West 42nd Street in the belly of Times Square are adorned with mementos and sports memorabilia his team has collected from their work in the secondary and tertiary markets where they target distressed real estate. Brooke joined Core Construction Services in 2019 and serves as Project Intake Coordinator and Contract Administrator. Matt has extensive experience in development & construction in multiple sectors including; education, institutional, medical, manufacturing, agricultural, mixed-use, office, and warehouse projects. Diana received a B.A. At Advent Capital Partners, Pat was responsible for project due diligence, underwriting, and development within the firm’s ground-up and acquisition platforms in the greater Nashville area. Steven received a B.S. It’s crazy,” the hedge fund manager said. “What struck me about Ian, at first, was he’s very young. Previously, she worked at Macias Gini & O'Connell LLP as a Financial Accounting and Advisory Services Associate, concentrating on Private Equities and Hedge Funds. Somera Road focuses on value-add, distressed and opportunistic transactions across all asset classes in the U.S. That includes properties in “urban cores” in cities such as Austin, Atlanta, Pittsburgh and Jacksonville, Florida. Andrew has over 15 years of experience in development. Photo: Sasha Maslov/ for Commercial Observer. But, I’ll tell you, he is a very sharp and dynamic businessman for his years. The firm has found a sweet spot in being sub-institutional, but Ross and Somera have to make up for that in volume, which they’ve proved is no issue, according to sources who spoke to CO. Basel and his wife live in his home state of New Jersey. Cleveland, OH 44123 in Finance and a minor in Computational Finance from his hometown Carnegie Mellon University. in Construction Management and Architectural Design from Murray State University. Namratha is responsible for focusing on project intake, scheduling process, quantity takeoffs, budget analysis and coordination of change orders & submittals. He has found a happy medium living under the realm of a major institutional investor but above the fray of a single-family office. SomeraRoad is not affiliated with Somera Capital Management, LLC (www.someracapital.com). Ross and his partners explored other uses for the Gibson space, such as retail — for a grocery store — office or even a potential brewery, according to a 2017 letter sent by a legal representative of the investor group to the Center City Revenue Finance Corporation. Prior to SomeraRoad, Rodley worked as a real estate salesperson at Crosstown Apartments, a boutique real estate brokerage in New York. “Raising the first $5 million on our first deal is the hardest thing I’ve ever done,” Ross said. A native of Music City, Pat received a B.S. The corporate CEO is IAN ROSS. As an undergraduate, Ross attended Goizueta Business School at Emory University in Atlanta. nashville@someraroadinc.com, 424 S 27th St, Suite 300 In a yield-starved world, he has no qualms with walking away from an attractive investment if he doesn’t feel it meets the parameters of his game plan; he’s done it several times before, to the surprise of some of his investors. In addition to this Matt oversees all general operational needs to build and expand the Core Constructions Services team. All rights reserved. Previously, he was an Analyst at Mark Chris Investments, a residential and commercial developer based in California. Chris is also a licensed Professional Engineer. Ian Ross Nashville, TN–Somera Road recently purchased a property located in a designated Opportunity Zone. We did our first deal in the summer of 2016. I wouldn’t be here or have the motivation that I have without her.”. Basel received a B.S. We might have a $1.8 million deal or a $108 million deal.”. Approaching thirty years in the construction industry, Mark has nearly twenty years of experience in project management for some of the nation’s largest construction companies. Prior to SomeraRoad, Jon was a Vice President at Sovereign Capital Management, a San Diego-based firm focused on investing in distressed commercial real estate. Originally hailing from San Diego, Jon and his wife Amanda now reside in Nashville, TN. Prior to joining SomeraRoad, Fergus worked at NorthStar Asset Management Group, Inc., a predecessor to Colony NorthStar, Inc. At NorthStar, Fergus focused on large portfolio acquisitions across all asset classes and jurisdictions, serving time across the firm’s New York, Luxembourg, and London offices. Earlier in his career, Chris spent over 10 years in the Washington DC-metro area building his development and construction career. Billy Orgel is the CEO and president of Tower Ventures, which develops wireless communications structures, and he sits on the Shelby County School board. “[Ross] brought on some people that really were well connected, particularly in the downtown market, which I think was a very, very smart move,” Smith said. info@coreconstruction.com, © 2021 SomeraRoad. Aimee is an Executive Assistant at SomeraRoad. in Economics from the University of the South. in Economics from Dartmouth College and resides in New York City. Previously, Joe worked with DC-based developer Douglas Development Corp. Joe earned a Master’s in Real Estate Development from Georgetown University and a B.S. Opportunity Zones map, Somera Road Ian Ross Add Somera Road to the growing list of real estate investment groups seeking to raise millions of dollars to invest in distressed areas as part of a new federal program. He is the Founder of The Asperger's Awareness Council, a 501(c)(3) organization that raises awareness and funding for high-functioning forms of Autism, and previously served on Manhattan’s Community Board Five. Overall function and day-to-day Operations a Vice President of Core Construction Services ian ross, somera in California, worked... An Assistant Project Manager Core Construction Services, LLC ( www.someracapital.com ) the Southeast the. 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