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Michael R. O'Mara
- Medway, MA
- United States
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NNN Investments & Sale/Leasebacks
Started Mar 4
Seeking highly leveraged non-recourse deals
Started Dec. 17, 2009
Director Investment Sales/1031 Exchange Group
Latest Activity
Currently working with investment fund looking to source single tenant NNN deals. Will acquire one-off’s, portfolio’s and sale/leasebacks. Asset types are retail, industrial and office properties. Geographic region is national in primary and seconda…
Foreclosure and debt relief create a "capital gain" event! Are distressed CRE investors aware they could execute a 1031 exchange before foreclosure to minimize the added tax hit?
Seeking highly leveraged non-recourse deals for office, industrial & retail properties nationally. $5M up to $50M deal size nationally in primary & secondary markets. Investment & non-investment grade credit considered. Minimum 2 year lease terms on…
Over the next several years, about $211 billion worth of CMBS will mature in the US alone. Nearly $20bn worth of CMBS will mature this year; $22bn in 2010; $30bn in 2011 and approximately $33bn in 2021. In 2013, the maturing CMBS will drop substanti…
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- City, Country (e.g., Tokyo, Japan)
- Boston, MA United States
- Website of The Organization You Work for (e.g., www.JonesLangLasalle.com - Add Twitter Account if Available)
- www.eastern1031.net
www.negroup.com
www.darkbak.net
LinkedIn: http://www.linkedin.com/in/nnn1031
Twitter: DarkBank
Twitter: NNN1031
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- Brokerage, Consulting, Corporate End User, Development, Investment
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- 617-549-5154
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- Mr. O’Mara’s experience in the commercial real estate industry spans a career of over twenty years working in a wide array of business practices including twelve years in the corporate sector. With a geographic concentration in the New England markets he has represented leading corporate clients, REITS, private investors, financial institutions, developers, landlords, tenants, asset management and property management firms.
In August of 2003 Mr. O’Mara founded Eastern Net Lease Advisors to focus on investment sales of Net Leased NNN retail, Industrial and Office properties, 1031 exchange buyers, sale/leasebacks, with a concentrated focus serving clients in the Northeast. Mr. O’Mara’s expertise in this business segment was skilled as a team member of CB Richard Ellis – “National Net Leased Property Group” consisting of nine offices across the United States singularly focused on investment sales of Net Leased assets and 1031 exchange buyers.
Prior to forming Eastern Net Lease Advisors Mr. O’Mara was hired as the Director of Retail Leasing for the CBRE-NE Retail Advisory Group in March 2000 based in their Boston office to spearhead the tenant and landlord representation team for the New England market. In conjunction with these duties, Mr. O’Mara was assigned the responsibilities to coordinate and deliver retail brokerage services for the CBRE national retail brokerage group encompassing the Northeast market. Working with a diverse client base and advising corporate clients, Mr. O’Mara assisted numerous clients on site selection, store development, store dispositions, land development, investment sales and 1031 exchange assignments.
Mr. O’Mara’s experience includes over twelve years in corporate retail real estate. He has served in a variety of roles for both regional and national retailers including a three year in-house consulting assignment for Staples, Inc. During his tenure at Staples he negotiated approximately 35 transactions totaling 300,000 square feet of retail space with an estimated value of $40,000,000. Mr. O’Mara’s retail experience is extensive and diverse and has covered four major industries in new store development - food and beverage, apparel, automotive, and office supply. His key strengths and expertise lie in site selection, market research, financial analysis, and contract negotiations.
PROFESSIONAL AFFILIATIONS
International Council of Shopping Center - ICSC
Commercial Investment Real Estate Institute - Member
Federation of Exchange Accommodators - FEA
National Trust Real Estate Association - NTREA
Northeast Turnaround Management Association
Realtors Commercial Alliance of Massachusetts - RCA-MA “Board of Directors”
Appraisal Institute-Affiliate Member
Medway Economic Development Committee-“Member of Board”
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ARGUS Commercial Real Estate Network
I would like to make the CREOPoint community aware of one of the most generous offers that I have ever witness in my professional career from the President & CEO of Argus Software, Mark Kingston!
For those of you who aren't aware, Mark has been on a major campaign to reach out to the commercial real estate community and offer ARGUS software at NO COST to professionals in need within our industry. His efforts are unmatched and I would like to personally thank him as I was one of the lucky pe… Continue
For those of you who aren't aware, Mark has been on a major campaign to reach out to the commercial real estate community and offer ARGUS software at NO COST to professionals in need within our industry. His efforts are unmatched and I would like to personally thank him as I was one of the lucky pe… Continue
Posted on July 1, 2009 at 7:48pm —
What 35,000 leaders learn each month
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Is there a bright spot for retail in 2010? Dawn Clark thinks so! Read her reasons on CPE's From the Inside experts blog, at http://blog.cpexecutive.com/2010/03/03/retailers-re-energize-in-2010/ and give us your thoughts!
© 2010 Created by CREOpoint
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Thanks for the offer. I just sent you an email with some details.
...Karolyn
Thank you for the info. I greatly apologize for taking so long to respond.
I reviewed your company and there cerianly are areas which we can collaborate on and project management synergies we can explore. As I am sure you have found the market is in such a state of inertia, owners lender and uers are not as focused as they need to be yet. That will change I am sure .
I will stay in touch.
My primary asscoiate is based in Northen Jersey and I am in Long Island but we can reach anywhere as needed.
Regards
David
New Venture Eyes Coming Wave of Bank Closures
May 28, 2009
A new joint venture aims to assist the Federal Deposit Insurance Corp. with real estate issues associated with the agency's expected take over and liquidation of hundreds of banks over the next several years. The new entity,Next Wave Advisors Inc. is a partnership between Third Wave Partners, Portfolio Property Advisors L.L.C. and The Moote Group. Next Wave, a certified FDIC contractor will provide services including bank workouts, asset valuation and repositioning, construction services, disposition and environmental due diligence. Next Wave will also act as principal to acquire or recapitalize FDIC assets. While Next Wave will look at individual opportunities on a case-by-case basis, the firm is focused primarily to take on assignments related to FDIC problem and failed banks.
I am around most of the day tomorrow. Send me an e-mail - hmenbanks@att.net that you are going to call & I wlll be sure & pick up.
Regards, Helen.
My investors are looking for office and residential blocks. For office they wold prefer either a distressed sale in a good city or residential in university and college towns centrally located to the college.
My major fund is looking for trophy assets in grade A locations. They would need an asset manager in place and ideally financing for up to 70% of the deal. they are a private family office and would look for a 15 year mortgage which would ideally be paid out of revenue.
best regards
paul
I have sent you an email at your business address.
Regards
Jennifer
I realized I forgot to include that these 58 properties are leased up and the sale includes an established management office.
There are and will be some great pickups in Central and South Florida. A lot of the big booms are headed for a big bust. We should talk. You can reach me in the office at 407-210-6555 or with my email: dtaylor@cfcbrokers.com
Regards,
David
I am based in Hong Kong and have a couple of groups who are keen to buy distressed assets in US directly from the banks if possible. Are you in talks with such players?
best regards
paul