Dan Holtzman

Chicago Multifamily Investor

Chicago, Illinois, United States

About

Experience

  • Principal / Managing Broker at Holtzman Management, LLC
    Sep 2020 - Present · 5 yrs 10 mos

    • Syndicated $1M of investor capital and sourced $2.25M in financing to acquire $3.25M of real estate • Completed $1.08M of renovations, creating $2.05M of value • Refinanced $1.7M, returning 50+% of investor capital • Managed 76 multifamily units & 1500 commercial sqft space, significantly improving building conditions and tenant retention, while maintaining 0% vacancy of livable units • Input accounting for closing statements and journal entries, reconciled bank accounts, and analyzed financial reports to verify stability of properties and calculate distributions

  • Acquisitions + Asset Management at R2 Companies
    Jun 2022 - Apr 2023 · 11 mos

  • Campbell Street Asset Management Inc. (Chicago, Illinois, United States)
    • Junior Partner / Acquisitions & Financial Analyst
      Sep 2018 - Sep 2020 · 2 yrs 1 mo

      • Identified, negotiated, and procured 11 assets acquired for $13.85M through cold-calling, canvasing, broker relationships, and recognizing value in on-market deals • Conducted due diligence, and created templates and efficient processes for future deals • Developed property-specific business plans to optimize asset returns • Sourced $17.2M in financing for acquisitions, establishing relationships and negotiating with lenders • Refinanced $16.3M, often with non-recourse Fannie/Freddie debt, providing tailored reports and insight into project details • Underwrote long-term valuations for assets, accounting for various growth assumptions • Built an automated underwriting model from scratch to quickly analyze high-level feasibility of multifamily and mixed-use development deals, factoring in zoning constraints • Drafted quarterly reports for investors, detailing financial, construction, and stabilization updates

    • Project Manager
      Sep 2016 - Sep 2020 · 4 yrs 1 mo

      • Directly oversaw various scopes of projects - from complete gut rehabs with structural issues to basic cosmetic improvements - for 103 multifamily units and 110,000 commercial sqft, totaling $13M • Obtained multiple comprehensive bids from contractors to ensure competitive pricing and minimal unexpected costs • Managed internal and investor expectations while maintaining high-quality standards on fast-paced timelines • Produced sworn owner statements and sworn contractor statements and processed draws, coordinating with contractors and title companies • Analyzed costs throughout projects to ensure on-pace budgets, implementing cost-cutting strategies when necessary, without compromising quality • Stabilized completed projects, obtained direct feedback for future projects, and maximized value by personally leasing units

    • Property Manager
      Sep 2015 - Sep 2016 · 1 yr 1 mo

      • Managed 95 multifamily units and 48,000 commercial sqft • Facilitated maintenance repairs, while managing tenant expectations and emotions • Coordinated unit turns for up to 10+ units across portfolio in 24 hour span • Conducted tenants walkthroughs to ensure clear expectations for charges and unit conditions

  • Proposal Analyst at Northrop Grumman Corporation
    May 2013 - Aug 2013 · 4 mos

    • Compiled and classified data to perform price variance analysis • Used innovative research tactics to mine through databases and identify causes for variations • Worked with team of four to reconstruct division-wide network code system • Appraised $4 million of plane part requests for the U.S. Navy • Transformed acquired product knowledge into in-depth, formal presentation to program director on latest F18 aircraft technologies

  • Floor Clerk at Sallerson-Troob Commodity Trading LLC
    Jun 2012 - Aug 2012 · 3 mos

    • Audited and processed all trades with precision • Managed and maintained electronics on the trading floor • Made trader aware of various issues that occurred with clearing house • Tracked and reviewed Greeks of trader positions