Power Broker
Michael Katz
Principal & Owner, REF Advisory, Inc
Naples, FL 34110
Specializing in structuring sale leaseback financing, section 1031 tax free exchanges and commercial real estate assessment tax appeals.
Phone (804) 339-4662
Specializing in structuring sale leaseback financing, section 1031 tax free exchanges and commercial real estate assessment tax appeals.
Specialties
Investment Sales Broker
Property Types
Industrial, Land, Office, Retail, Specialty
Markets
Philadelphia, Washington, DC, Westchester/So Connecticut, Richmond VA, Hampton Roads, Toledo, Southwest Florida, Albany/Schenectady/Troy, Buffalo/Niagara Falls, Chattanooga, Rochester
Bio
Since 2004, assisted Rite Aid Corporation in completing 20 sale-leaseback transactions covering 190 properties. In 2005, he advised Rite Aid Corporation in developing a sale-leaseback program focusing on stores located on leased land. Each portfolio consists of stores located on owned land and leased land. From 1997-2000, REF advised Rite Aid Corporation in completing 11 portfolio transactions involving 380 properties aggregating in excess of $1,000,000,000.
Since 2008, he has completed numerous sale-leaseback transactions for Patient First Corporation (“PFC”), an urgent and primary care medical provider. In addition, REF has assisted PFC in the successful negotiation/renegotiation of six ground leases for existing or new locations.
In 2004-2009, completed sale-leaseback transactions for Performance Food Group with three investors aggregating approximately $60,000,000.
In 2001, completed a 10-store $45,000,000 transaction for The Sports Authority, Inc., which was complicated by the fact that the company was only partially through a turnaround plan being executed by a relatively new management team.
Completed two transactions for Galyan’s Trading Company, Inc. and PCS, Inc. during 1999 and 2000, respectively, which involved sale-leaseback transactions required to close simultaneously with the sale of the company or leveraged buyout of a majority interest. Director of Treasury, Circuit City Stores, Inc. (1992 - 1996) Senior Vice President and CFO, CC&F Asset Management Company, Inc. (1991-1992), Vice President, Spaulding and Slye (1985 - 1990)
He grew up in New England, having graduated from Classical High School in Providence, Rhode Island in 1974 and Northeastern University in 1979 with a Bachelor of Science degree in business administration and relocated to Virginia in 1992. He is a former member of the Board of Directors and Vice Chairman of Interfaith Housing Corporation, a not-for-profit organization, which built single family homes for low-income families in the greater Richmond, Virginia area, is a member of the budget and finance committee of the Weinstein JCC of Rich mond and is a member of the International Council of Shopping Centers. He also holds licenses as a certified public accountant and as a real estate broker.
Education
Affiliations
