Scope & Range of Services
MJWelton Professional Consulting:
Retained as an expert in 63 separate cases in the areas of
Property Management,Asset Management,Credit Tenant Lease transactions,
Real Estate Development, and Toxic Mold Remediation Protocol
for Commercial/Multi-Family properties.Court and deposition
testimony in Arizona, California and Texas.
Experience
1998 – Present – Self Employed Consultant
Retained as an expert in over sixty separate cases
in the areas of Property Management, Asset Management,
Wrongful Death, Credit Tenant Lease transactions, Real
Estate Development, and Toxic Mold Remediation Protocol
for Commercial/Multi-Family properties. Court and deposition
testimony in Arizona, California and Texas.
1989 – 1998 Sierra Pacific Properties, Inc.
4300 Railroad Avenue, Pittsburgh, CA 94565
President and Chief Executive Officer
As Chief Executive Officer, I was responsible for
the successful operating performance of the organization
and a diverse portfolio of company-owned and company-developed
income producing assets. The portfolio consisted
of: 1) Retail-Enclosed regional mall, community, neighborhood
and power centers, 2) Class A high rise office buildings,
3) Multi-family residential, 4) Industrial R&D. The
portfolio exceeded 5,000,000 square feet with value in
excess of $500 million. Additional responsibilities included:
1) Development of new assets, 2) due diligence on property
acquisitions, 3) various functions for affiliate company
hotel/gaming facilities in Nevada,
4) real estate asset disposition.
Significant Accomplishments:
- Increased annual rent from $18 million in 1990
to $49 million in 1995
- Supervised/negotiated credit tenant lease transactions
generating in excess of $500 million of long-term revenue
- Consistent double digit rates of return on invested
capital
- Developed 1,212,000 square feet of retail shopping
centers from 1990 to 1998
- Directly responsible for acquisition and disposition
of one asset generating before-tax profits of $32
million
As a seasoned and experienced real estate professional,
I have the background to develop successful income producing
assets, evaluate and complete the acquisition of income
producing assets and create teams of individuals to professionally
manage any type of real estate. I have a verifiable
track record for producing cash flow, team building, and
development of successful income producing assets. I
believe in personal accountability for my actions and all
members of my team.
1988 – Goldrich and Kest Industries
Culver City, California
Executive Vice President
Senior Executive responsible for the asset/property
management division of this closely held company. I
was responsible for company operations, 1,200 employees
and the following real estate portfolio: 1) 19,000 high
rise and garden apartment units (178 apartment communities),
and 2) 1,800,000 square feet of Class A high rise and retail.
1972 – 1986 Prudential Management Services,
Inc.
Phoenix, Arizona
President and Chief Executive Officer
As Chief Executive Officer, I was responsible for
operating the company and the following portfolio of 127
properties: 1) 4,500 garden apartment units, 2) 6,100 Homeowner
Condominium Units, 3) 11,000 RV/mobile home spaces. 4)
900,00 square feet of garden office buildings, 5) 1,600,000
square feet of neighborhood retail. Additionally,
I directed the real estate brokerage and commercial leasing
operation consisting of five offices and approximately
thirty sales persons. I sold the company in 1986.
Education:
· Purdue University,
Business Major, 1967, 1968, 1969
· Certified Property Manager, “CPM”,
Key #5565, awarded
from Institute of Real
Estate Management
· Real Property Administrator, “RPA”,
designation awarded
from Building Owners and Managers
Institute
· Completed coursework,
ICSC for Certified Shopping
Center
Manager Designation, C.S.M.
Professional Recognition:
· 2000-2003 Board of Regents, JFK University, Orinda,
California
· 2000 “Certified
Property Manager” of the year from San
Francisco IREM Chapter 21
· 1999-2003 Board Member, East Bay Services
for the
Developmentally Disabled
· 1999-2003 Founder and
Board Member, Contra Costa
Software Business Incubator
· 1998-2003
Commission Vice-Chair, City of Concord,
California,
Mobile Home Rent Control Commission
· 1998
President, San Francisco Chapter
21 of the Institute of
Real Estate Management
· 1997
Recipient of “Business Person of the Year” from
the
Greater Concord Chamber
of Commerce
· 1995
Recipient of the Franklyn H. Lyons Award for
outstanding service to San
Francisco IREM Chapter #21
· 1993 President’s
Award – “Best of the Best” in IREM
Communication and Marketing
Competition for Retailer
Motivation/Development
· 1992 ICSC-MAXI
Award for Retailer
Motivation/Development
· 1991 “OFFICE BUILDING OF
THE YEAR” over
500,000 square feet category,
awarded by Building
Owners and Managers Association
· 1980 President, Phoenix Chapter
47 of the Institute of
Real Estate Management
· 1979 Regional Vice
President, National Apartment
Association for Arizona, Colorado,
and New Mexico
· 1977 – 1978
State President, Arizona Multi-Housing
Association
· 1976 – 1977
President, Arizona Multi-Housing
Association, Phoenix Chapter
