Michael Hackman
- Founder and Chief Executive Officer
Michael D. Hackman founded Hackman
Capital in 1986 and serves as the company’s Chief Executive
Officer. Michael has more than 31 years of experience in the
acquisition, development, management and disposition of real
estate and capital assets.
Michael began his real estate career in 1978 at Majestic Realty,
one of the nation’s largest and most successful developers of
industrial and commercial real estate. Headquartered in Southern
California, Majestic provides a fully integrated platform for
real estate development. Under a highly entrepreneurial culture,
Michael worked in all phases of the process including land
acquisition, entitlement, development, design construction,
leasing, financing and property management.
Between 1983 and 1986, Michael joined CB Richard Ellis (CBRE),
one of the world’s premier full-service real estate services
companies. Michael was a top producing industrial broker in the
Los Angeles Inland Empire, specializing in industrial building
sales, leasing and land transactions.
In 1986, Michael left CBRE to form Hackman Capital and focused
on purchasing value-added, opportunistic and distressed real
estate investments. Also in 1986, Hackman Capital began to
partner with Rabin Brothers, a worldwide industrial equipment
auctioneer, and became one of the few firms in the country to
bundle industrial real estate and equipment into single
transactions.
Michael has successfully completed hundreds of real estate
transactions and capital asset liquidations across four
continents, representing in excess of $1 billion in value. He
has deep expertise in all aspects of real estate and capital
asset distressed investing, and has developed a network of
personal contacts within major corporations, banks, law firms,
bankruptcy and turnaround firms.
Michael graduated from The Ohio State University in 1978 with a
degree in real estate finance. He currently sits on the Board of
Trustees for several schools in Los Angeles and participates
actively in many national philanthropic organizations.
Jonathan Epstein joined HCP in 2006 as
a partner and the President of the organization. Jonathan brings
to HCP significant real estate and capital markets expertise and
a broad contact base from which to source distressed assets. Since
Jonathan joined HCP, the company has tripled its size and benefited
significantly from his experience sourcing and structuring transactions.
Prior to joining Hackman Capital Partners,
Jonathan was Managing Director of the Global Real Estate and Global
Mortgage & Structured Finance Groups for the Asia/Pacific region
of Lehman Brothers. From 2000-2005 Jonathan built and led Lehman
Brothers' Real Estate and Distressed Principal investment efforts
in Asia. Investing over $6 billion on behalf of Lehman Brothers
and its clients, Jonathan consistently realized some of the highest
investment returns at Lehman Brothers globally. Jonathan was able
to successfully navigate multiple countries' regulatory, legal
and tax barriers as well as significant internal and external
bureaucracy and cultural barriers to create a best in class distressed
investing and financing franchise. Jonathan was able to recruit
and train a diverse work force that was recognized by the market
place as both a formidable competitor and a highly desirable place
to work.
Jonathan started his career in 1989 at
Merrill Lynch where he worked in Structured Finance Banking as
well as Merrill's asset based principal investment activities,
which started with the RTC in the US. His distressed investing
experience then continued at Lehman Brothers in 1991. In the mid-1990's,
Jonathan was global head of the Principal Finance Groups at Lehman
Brothers where he was responsible for 50 senior professionals
globally and in excess of $10 billion of balance sheet.
Jonathan is a graduate of the School of
Management at Boston University, is a member of the Policy Advisory
board of the Fisher School of Real Estate at the Haas School of
Business at the University of California, Berkeley and is a past
Vice Chairman of ULI in Japan.
Theresa Jones serves as Chief Operating
Officer and is responsible for managing HCP's resources across
investment and operating disciplines. Theresa has direct responsibility
for implementing the firm's long-term strategy and managing day-to-day
operations.
From 2001 through 2007, Theresa was Chief
Operating Officer for School Loans Corporation, a private financial
services firm providing marketing, back end processing and funding
resources to the student lending divisions of multiple Fortune
500 bank clients. SLC sourced and processed over $2B in student
loans on behalf of its clients and through its own lending facility.
Theresa grew the business from inception to over 125 employees
and was directly responsible for overseeing all executive staff
and divisions. Theresa significantly grew revenue year over year
and achieved over 40% profit margins. Under her leadership, the
company secured designation as a student loan lender, which included
negotiation and subsequent management of a substantial line of
credit with Citibank Structured Finance.
Prior to her position at SLC, Theresa
worked at HCP. She started her career in the early 1990's as Vice
President of Business Development for the company's international
auction division, where she was responsible for up to 80 equipment,
real estate and complete facility transactions annually on behalf
of clients, including Fortune 500 companies, financial institutions
and bankruptcy trustees. Theresa developed new opportunities and
markets for the company, and the division doubled revenue within
a three year period.
In the late 1990's, Theresa participated
in a partnership between HCP and Lehman Brothers that launched
a major online portal for the industrial equipment market. Responsible
for developing the business plan as a member of the senior executive
team, Theresa also sourced and signed alliance partners from previous
industry contacts to secure seed capital and provide product from
the marketplace. She was a member of the team who built the business
to in excess of 75 employees and served as a conduit between the
technical staff and industry experts in industrial equipment and
real estate.
Theresa graduated Magna Cum Laude from
The University of California, Los Angeles with a degree in English.
During her time at UCLA, she served as Intern at The White House
and as President of the Student Alumni Association. Theresa volunteers
her time on Boards and committees at UCLA and charitable organizations
in Los Angeles.
As Chief Financial Officer for HCP, Scott
Poland oversees the firm's financial, accounting and investor
relations functions.
Scott joined HCP in 2003 shortly after
the company closed a financial restructuring transaction for Midlink
Business Park, the former General Motors Stamping Plant in Kalamazoo,
MI. He was brought onboard to grow the financial infrastructure
of the company and to structure the accounting department so as
to handle the financials for additional and large-scale transactions.
Since joining HCP, the company has quadrupled the size of its
business and, directly under Scott's leadership, the accounting
department has tripled in size and has taken on responsibility
for financial reporting to investors, institutional lenders and
publically-held REITs.
Prior to joining HCP, Scott was the Chief
Financial Officer for Modern VideoFilm, Inc., a leading Hollywood
post-production facility. While there, he assisted the president
and other senior executives in strategic business acquisitions,
capital asset acquisitions and maintaining financing relationships.
Scott received his CPA certification while
working for the Kansas City office of Touche-Ross and Co. He then
moved to California where he spent nearly 20 years working in
the Entertainment Industry. Scott spent several years in the Internal
Audit division of CBS, Inc. where he was responsible for conducting
operational and financial audits of CBS, Inc. units throughout
the western U.S., Asia and the South Pacific. Scott then joined
Lorimar-Telepictures where he was the Vice-President of Financial
Reporting for Lorimar's Television Distribution Group. In that
capacity, Scott was the key executive coordinating financial reporting
efforts of the Production, Budgeting, and Corporate reporting
divisions for Lorimar Television.
Scott is a graduate of Kansas State University
where he received his B.S. in Business Administration and Accounting.
Sandy Villesvik brings more than 22 years
of experience to HCP, and serves as the company's Senior Managing
Director, where he heads up the Chicago office and focuses on
acquisitions on a nationwide basis.
Prior to joining HCP, Sandy served as
Managing Member of Bondstone Management LLC, an entity formed
to provide real estate investment management services to third-party
clients. Bondstone Management's clients included Lehman Brothers
(Japan and US) and HCP.
From 2001-2005, Sandy managed Lehman Brother's
real estate equities business in Japan, first as a Senior Vice
President of Lehman Brothers and later as an advisor through Bondstone
Management. Working in the distressed Japanese market, Sandy was
responsible for the portfolio strategy, acquisitions, asset management
and dispositions of Lehman Brothers' $460 million real estate
(hard asset) portfolio, which he successfully steered through
the full investment cycle over a five year period. Based on an
opportunistic strategy, the Lehman Brothers Japan portfolio consisted
of small- and mid-sized real estate assets, including office,
multi-family residential, retail, hospitality and land assets.
Prior to joining Lehman Brothers, Sandy
was President of the real estate investment management subsidiary
of GMAC Commercial Mortgage in Japan, where he formed an investment
management group around the acquisition of a $600 million portfolio
of Japanese real estate from a bankrupt lender. Sandy was also
a Senior Vice President of GMAC Commercial Mortgage in Japan,
where he contributed to the development of the non-recourse debt
market in Japan as a lender and participated in the underwriting
of non-performing debt investments. Sandy joined GMAC Commercial
Mortgage in 1999. Prior to his tenure at GMAC Commercial Mortgage,
Sandy was a Principal (most senior position during tenure) at
LaSalle Investment Management, where he managed several portfolios
of US real estate on behalf of institutional investors with an
asset value in excess of $1.3 billion. Sandy joined LaSalle Investment
Management (formerly ABKB Real Estate Advisors) in 1991. Prior
to joining LaSalle Investment Management, Sandy was a real estate
investment broker with Jones Lang Wootton. Sandy started his career
in investment banking with PaineWebber and Dean Witter Reynolds.
Sandy earned his B.S. in Biological Sciences
from Stanford University and an M.B.A. from the University of
Chicago.
As head of Asset Management, David Smith
is responsible for maximizing the value and performance of HCP's
capital assets. His primary focus is leading the company's real
estate development and redevelopment initiatives.
David joined HCP in 2002 to oversee the
development of Midlink Business Park, the former General Motors
Stamping Plant, in Kalamazoo, Michigan. As President of Midlink,
David exercised extraordinary vision to virtually reinvent the
340-acre facility, creating a world-class, mixed-use business
park with two state-of-the-art, multi-tenant industrial buildings,
totaling 1.6 million square feet, and an 88-acre build-to-suit
industrial zone for single- and multi-tenant use. Additional achievements
under David's leadership at Midlink include securing a Renaissance
Zone designation from the state of Michigan to provide tenants
with major tax incentives, and developing the site's surplus land,
which entails plans for a 38-acre office campus and 41-acre retail
center.
Prior to joining HCP, David led product
and business development efforts at Crane products, a $300 million,
business known for pioneering the field of plastic- and wood-composite
extrusions. David came to Crane from Windsports, Inc., a Denver-based
sporting goods manufacturer. David sold Windsports, Inc, after
attaining a global customer base in just five years. Before Windsports,
David was responsible for business development at Fitch Inc.,
one of the world's most renowned product development firms. David
established successful relationships for Fitch with such companies
as Reebok and Sony Corporation, and also initiated a multi-million
dollar joint venture between Fitch and GE Plastics.
David graduated with a degree in business
from Western State College in Gunnison, Colorado. He is a board
member of Lakeside for Children and Kalamazoo County Drug Treatment
Court.
John Root -
Senior Vice President of Asset Management
John Root serves as HCP’s Senior Vice
President of Asset Management and is responsible for managing
the firm’s $516 million dollar National Industrial Portfolio.
The portfolio, which includes 31 buildings in seven of the
country’s largest distribution markets, was acquired by a joint
venture among entities formed by HCP, KBS REIT I and Calare
Properties in August 2007.
John has extensive experience in all facets of real estate
investment management, including real estate development and
redevelopment, asset repositionings and large leasing
challenges. From 2002 to 2008, John held the position of
Investment Director of Asset Management for Principal Real
Estate Investors, the country’s fourth largest institutional
real estate investment advisory firm, where he focused on core,
value-added and opportunistic properties in Northern California
and other western states. His accomplishments for Principal Real
Estate Investors include managing a $1 billion,
3.8-million-square-foot portfolio, meeting or exceeding NCREIF
submarket returns during the last four out of six years and
exceeding NCREIF occupancy benchmarks during the last three out
of six years. He also managed development deals totaling $700
million and 1.6 million square feet, and he identified more than
$3.8 billion in new development opportunities.
Prior to his position at Principal Real Estate Investors, John
was Director of Acquisitions and Development for the Commercial
Division of Legacy Partners, one of the Bay Area’s largest real
estate development and investment companies with a portfolio
valued at more than $6.3 billion. John was involved in 1.8
million square feet of office and R&D ventures for Legacy
Partners in San Francisco, Denver and Salt Lake City.
John began his career as an attorney, specializing in commercial
real estate. From 1987 to 1995, he practiced at Tillinghast
Licht, an 80-lawyer firm in Providence, Rhode Island, where he
became an equity partner. Before that, John practiced at firms
Bingham McCutchen and Nixon Peabody, both in Boston.
John has an M.B.A. from the University of California Anderson
School of Management, and a J.D. from New York University School
of Law. He is a native of New England.
Michael J. Schlesinger, Vice President of Asset Management
Michael Schlesinger serves as HCP’s Vice
President of Asset Management and manages the firm’s properties
in California, South Carolina, Texas and Washington. He offers a
broad background in real estate management and financial
analysis, as well as a wealth of experience overseeing broker,
property management and investor relationships.
Michael spent five years at Millennium Realty Investors, where
he was responsible for the acquisition and asset management of
their $72 million industrial and multifamily portfolio. Michael
supervised more than 20 assets across the country, overseeing
all third-party and in-house management functions: financial
analysis and budget management, leasing and marketing,
renovation and property management, property and income tax
analysis, as well as the disposition of assets.
Prior to his position at Millennium Realty Investors, Michael
worked at Cushman & Wakefield as an Investment Sales Broker
concentrating on the disposition of multifamily assets with a
total value of $130 million. He also spent several years as the
Finance and Asset Manager of the Morgan Stanley Real Estate
Funds (MSREF) in Los Angeles, where he managed MSREF’s West
Coast investments through its operating partner relationships.
Among his many successes, Michael created and implemented a
repositioning strategy for an underperforming office project in
Southern California, increasing occupancy from 20% to 100% in
less than one year.
Michael began his career in the Business Assurance (Audit) Group
at Coopers & Lybrand (now Pricewaterhouse Coopers). Michael spent
almost five years with C&L and left as a Manager with a client
roster including real estate advisors, hedge funds and mutual
funds. Michael also spearheaded firm-wide projects including the
development of a national training program taken by all new
associates.
Michael is a Certified Public Accountant (inactive) and earned a
B.A. in Business Economics from the University of California,
Santa Barbara..
