Management

Management

The real estate portfolio of CIM Commercial Trust Corporation (CMCT) is operated by CIM, and benefits from the experience of CIM’s Principals who possess an average of 15 years of relevant experience. All CIM Principals serve on its Investment Committee.

Leadership

CMCT is led by a seasoned senior team, which includes CIM’s Principals and Managing Directors as well as PMC executives who have extensive experience as real estate owners, operators, and lenders with specific expertise across all aspects of real estate investment and management.

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Chris Allman | Managing Director, Capital Markets

Chris Allman is a Managing Director in the Capital Markets – Debt Group. Prior to joining CIM in 2013, Mr. Allman was a Vice President at Thayer Lodging Group/Brookfield Hotels, Vice President in Capmark’s Hospitality Industry Division and an Investment Performance Analyst at Cambridge Associates. He earned Bachelor of Science degrees in Finance and Environmental Science from Virginia Tech and a Master of Business Administration degree from S.C. Johnson School of Business at Cornell University.

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Barry Berlin | Executive Vice President, Finance and Accounting

Barry Berlin is the Executive Vice President, Finance and Accounting, and also is the Treasurer and Assistant Secretary of CIM Commercial Trust Corporation (CMCT).  He is also an Executive Vice President of CMCT’s wholly owned subsidiary lending business, d.b.a. PMC Commercial Trust, where he is responsible for the daily oversight of the small business loan administration program.  Mr. Berlin joined PMC in 1992, where he served in a variety of positions including Chief Financial Officer.  Mr. Berlin began his career as a C.P.A. at Imber and Company, Certified Public Accountants where he was an audit manager.  Mr. Berlin received a B.S. degree in Accounting from the University of Florida.

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John Bruno | Principal, Investments

 

John Bruno is a Principal in the Investments Group. He is actively involved in the investment management process across CIM’s platforms and serves on the Investment Committee. Prior to joining CIM in 2008, Mr. Bruno was an Associate with Bank of America Securities’ private placement and leveraged finance groups. Mr. Bruno began his career as an Analyst with KPMG. He earned a dual degree in Finance and Political Science from Southern Methodist University and a Master of Business Administration degree from Haas School of Business at the University of California, Berkeley.

 



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Jeff Columbus | Principal, Development

 

Jeff Columbus is a Principal in the Development Group. He is actively involved in the development management process across CIM’s platforms and serves on the Investment Committee. Prior to joining CIM in 2003, Mr. Columbus served in various capacities at the Hapsmith Company. He earned a Bachelor of Science degree in Finance and Real Estate from California State University, Northridge.

 



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Jordan Dembo | Managing Director, Chief Legal Officer

Jordan Dembo is a Managing Director and Chief Legal Officer. Mr. Dembo works to identify and mitigate risk across the organization, while protecting CIM and its assets by providing general advice on other legal matters. Prior to joining CIM in 2011, Mr. Dembo was a Senior Associate in the Real Estate Department at Katten Muchin Rosenman. He earned a Bachelor of Business Administration degree in Real Estate from the University of Wisconsin-Madison and a Juris Doctor degree from the University of California, Los Angeles.

 

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Robert Dupree | Managing Director, Portfolio Oversight

Robert Dupree is a Managing Director in the Portfolio Oversight Group.  He leads a team focused on the composition, operations and investment priorities of all of CIM's private funds.  Prior to joining CIM Group in 2015, Mr. Dupree was a Senior Vice President at Oaktree Capital Management.  

Mr. Dupree earned a Bachelor of Science degree from Babson College and a Master of Business Administration degree from Anderson School of Management at the University of California, Los Angeles.

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Jennifer Gandin | Principal, Investments

Jennifer Gandin is a Principal in the Investments Group. She is actively involved in the investment management process across CIM’s platforms and serves on the Investment Committee. Prior to joining CIM Group in 2003, Ms. Gandin worked in acquisitions for the private equity firm Gores Technology Group; as an investment banker for Donaldson, Lufkin & Jenrette; in equity research covering stocks traded on the Stock Exchange of Thailand; and as a CPA at PricewaterhouseCoopers. Ms. Gandin earned a Bachelor of Science degree in Business Administration from the University of California, Berkeley and a Master of Business Administration degree from Columbia Business School.

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Charles Garner | Chief Executive Officer of CMCT

Charles Garner is the Chief Executive Officer of CIM Commercial Trust Corporation and a Principal, Investments of CIM Group.  He is actively involved in the investment and asset management process across CIM’s platforms and serves on the Investment and Asset Management Committees. Prior to joining CIM Group in 2003, Mr. Garner worked with CIM in various capacities, beginning in 1996. His work included originating a partnership between Federal Realty Investment Trust and CIM and managing that relationship on behalf of Federal Realty Investment Trust. Mr. Garner began his career as a CPA at PricewaterhouseCoopers and held various positions with Federal Realty, Walker & Dunlop, and The Stout & Teague Companies. He earned a Bachelor of Science degree in Management from A.B. Freeman School of Business at Tulane University.

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Ryan Harter | Principal, Development

Ryan Harter is a Principal in the Development Group. He is actively involved in the development management process across CIM’s platforms and serves on the Investment Committee. Prior to joining CIM Group in 2002, Mr. Harter worked in multi-family and office development at Martin Building Company, and began his career with First Pacific Capital of Spokane. He earned a Bachelor of Arts degree in Political Science from Middlebury College.

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Shaul Kuba | Co-Founder and Principal

Shaul Kuba is a Co-Founder and Principal of CIM with more than 25 years of active real estate, infrastructure and lending experience. Since co-founding CIM in 1994, Mr. Kuba has been an integral part of building the firm’s real estate, infrastructure and debt platforms. He serves on the CIM’s Investment and Asset Management Committees, providing guidance on the diverse opportunities available across CIM’s various platforms. As the head of the development team, he is actively involved in the development, redevelopment and repositioning of CIM’s real estate assets. Additionally, Mr. Kuba is instrumental in sourcing new opportunities and establishing and maintaining relationships with national and regional retailers, hospitality brands and restaurateurs. Prior to CIM, Mr. Kuba was involved in several entrepreneurial real estate endeavors, including co-founding Dekel Development, a developer of commercial and multifamily properties in Los Angeles. 

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Nick Morosoff | Principal, Counsel

Nick Morosoff is a Principal Counsel. As a Principal, Mr. Morosoff is actively involved in CIM’s legal processes and serves on the Investment Committee. Prior to joining CIM in 1998, he was the General Counsel of Orchard Capital Corporation, an Assistant U.S. Attorney for the Department of Justice in Los Angeles and an Associate with Sullivan & Cromwell. Mr. Morosoff earned a Bachelor of Arts degree in Economics and a Juris Doctor degree from Boston University.

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Richard Ressler | Co-Founder and Principal

Richard Ressler is a Co-Founder and Principal of CIM Group with more than 30 years of active real estate, infrastructure and lending experience. Since co-founding CIM in 1994, Mr. Ressler has been a fundamental influence in shaping the organization and facilitating its growth. He is chair of CIM’s Executive, Investment, Allocation and Asset Management Committees, and serves on the firm’s Credit Committee. He leads several teams essential to internal and external operations at CIM. 

Prior to co-founding CIM Mr. Ressler founded Orchard Capital Corp, and continues to oversee companies in which Orchard Capital or its affiliates invest. Additionally, Mr. Ressler has served as Vice Chairman of Brooke Group Limited, in various executive capacities at Vector Group, Ltd., and at Drexel Burnham Lambert, Inc., and Cravath, Swaine and Moore. Mr. Ressler serves as a board member for various public and private companies, including chairman of CIM Commercial Trust Corporation, director of Presbia PLC and chairman of j2 Global, Inc. 

Mr. Ressler earned a Bachelor of Arts degree from Brown University and Juris Doctor and Master of Business Administration degrees from Columbia University.

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Jan Salit | President and Secretary

Jan Salit is the President and Secretary of CIM Commercial Trust Corporation and its wholly owned subsidiary lending business d.b.a. PMC Commercial Trust.  Mr. Salit joined PMC in 1993, where he served in a variety of positions including Chief Executive Officer, Chairman of the Board, and Chief Investment Officer.  From 1979 to 1992, Mr. Salit was employed by Glenfed Financial Corporation and its predecessor company, where he held various positions including Executive Vice President and Chief Financial Officer.  Mr. Salit received his B.A. degree from Michigan State University and his MBA from New York University.

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Jason Schreiber | Principal, Investments

 

Jason Schreiber is a Principal in the Investments Group. He is actively involved in the investment management process across CIM’s platforms and serves on the Investment Committee. Prior to joining CIM in 2007, Mr. Schreiber was an Analyst in the Tech, Media and Telecom investment banking group at Goldman Sachs. Mr. Schreiber earned a Bachelor of Arts degree in Economics and History of Art from Brown University and a Master of Business Administration degree from Harvard Business School.

 



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Avi Shemesh | Co-Founder and Principal

Avi Shemesh is a Co-Founder and Principal of CIM with more than 25 years of active real estate, infrastructure and lending experience. Since co-founding CIM in 1994, Mr. Shemesh has been instrumental in building the firm’s real estate, infrastructure and debt platforms. He serves on CIM’s Investment and Asset Management Committees, providing guidance on the diverse opportunities available across CIM’s various platforms. Mr. Shemesh is responsible for CIM’s long-time relationships with strategic institutions and oversees teams essential to acquisitions, portfolio management and internal and external communication.  Prior to CIM, Mr. Shemesh was involved in several entrepreneurial real estate endeavors, including co-founding Dekel Development, a developer of commercial and multifamily properties in Los Angeles.

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Jolly Singh | Managing Director, Portfolio Oversight

Jolly Singh is a Managing Director in the Portfolio Oversight Group. He is actively involved in the composition, operations and investment priorities for CIM’s open-end real estate. Prior to joining CIM Group in 2010, Mr. Singh was an Associate in the Real Estate, Gaming & Lodging investment banking group of Bank of America Merrill Lynch. He started his career at Corporate Executive Board as an Analyst, where he held positions of increasing responsibility. He earned Bachelor of Science degrees in Business Administration and Electrical Engineering and Computer Science, and a Master of Business Administration degree with an emphasis in Finance and Real Estate from the University of California, Berkeley.

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David Thompson | Principal, Chief Financial Officer

David Thompson is the Chief Financial Officer of CIM Commercial Trust Corporation and a Principal, Chief Financial Officer of CIM Group.  He is responsible for overseeing all areas of Finance and Capital Markets within CIM and serves on the Investment Committee. Prior to joining CIM in 2009, Mr. Thompson spent 15 years with Hilton Hotels Corporation, most recently as Senior Vice President and Controller. Mr. Thompson’s experience includes multi-billion-dollar real estate acquisitions and dispositions in the hospitality, gaming and timeshare sectors, as well as significant capital markets experience. He began his career as a CPA at Arthur Andersen & Co. Mr. Thompson earned a Bachelor of Science degree in Accounting from the University of Southern California.

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Terry Wachsner | Principal, Real Estate

Terry Wachsner is a Principal in the Real Estate Services Group. He is actively involved in leasing, sales brokerage, construction management and hotel management across CIM’s platforms, and serves on the Investment Committee. Prior to joining CIM Group in 2005, Mr. Wachsner was Director of Asset Services for Continental Development Corporation; Executive Managing Director for Kennedy-Wilson Properties, Ltd.; and President of Property Management at Heitman Properties, Ltd. He earned a Bachelor of Arts degree in Psychology and a Master of Arts degree in Architecture and Urban Planning from the University of California, Los Angeles.

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Sondra Wenger | Managing Director, Investments

Sondra Wenger is a Managing Director in the Investments Group. She manages broker relations and sources real estate investments across CIM’s platforms. Prior to joining CIM in 2009, Ms. Wenger had an extensive career in real estate investments at Arden Realty under General Electric, Equity Office Properties and MacFarlane Partners. Earlier in her career, she was a Certified Public Accountant. Ms. Wenger earned a Bachelor of Science degree in Business with an emphasis in Accounting from the University of California, Riverside.

 

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Elaine Wong | Principal, Marketing and Communications

Ms. Wong is a Principal, Marketing and Communications. Elaine Wong is a Principal in the Marketing and Communications Group. Ms. Wong is actively involved in marketing and communication processes across the organization and serves on the Investment Committee. Prior to joining CIM in 2007, Ms. Wong worked in the Real Estate Group at Perry Capital and was an Associate within Goldman Sachs’ Equities Management Group. Ms. Wong earned a Bachelor of Science degree in Finance and Accounting from Leonard N. Stern School of Business at New York University.

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Monica Yamada | Principal, Media

Monica Yamada is a Principal in the Marketing and Communications Group. She is involved with media relations for CIM’s assets and serves on the Investment Committee. Prior to joining CIM Group in 1998, Ms. Yamada was the Director of Development for the Stitzel Company and worked for companies within the Bechtel Group, including Bechtel Investments. Ms. Yamada earned a Bachelor of Arts degree in Sociology from the University of Hawaii and a Master of Business Administration degree from Golden Gate University, San Francisco.

  • Chris Allman 
  • Barry Berlin 
  • John Bruno 
  • Jeff Columbus 
  • Jordan Dembo 
  • Robert Dupree 
  • Jennifer Gandin 
  • Charles Garner 
  • Ryan Harter 
  • Shaul Kuba 
  • Nick Morosoff 
  • Richard Ressler 
  • Jan Salit 
  • Jason Schreiber 
  • Avi Shemesh 
  • Jolly Singh 
  • David Thompson 
  • Terry Wachsner 
  • Sondra Wenger 
  • Elaine Wong 
  • Monica Yamada 
Executive Officers

Executive Officers of CMCT lead the management of day-to-day operations.

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Jan Salit | President and Secretary

Jan Salit is the President and Secretary of CIM Commercial Trust Corporation and its wholly owned subsidiary lending business d.b.a. PMC Commercial Trust.  Mr. Salit joined PMC in 1993, where he served in a variety of positions including Chief Executive Officer, Chairman of the Board, and Chief Investment Officer.  From 1979 to 1992, Mr. Salit was employed by Glenfed Financial Corporation and its predecessor company, where he held various positions including Executive Vice President and Chief Financial Officer.  Mr. Salit received his B.A. degree from Michigan State University and his MBA from New York University.

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Charles Garner | Chief Executive Officer of CMCT

Charles Garner is the Chief Executive Officer of CIM Commercial Trust Corporation and a Principal, Investments of CIM Group.  He is actively involved in the investment and asset management process across CIM’s platforms and serves on the Investment and Asset Management Committees. Prior to joining CIM Group in 2003, Mr. Garner worked with CIM in various capacities, beginning in 1996. His work included originating a partnership between Federal Realty Investment Trust and CIM and managing that relationship on behalf of Federal Realty Investment Trust. Mr. Garner began his career as a CPA at PricewaterhouseCoopers and held various positions with Federal Realty, Walker & Dunlop, and The Stout & Teague Companies. He earned a Bachelor of Science degree in Management from A.B. Freeman School of Business at Tulane University.

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David Thompson | Principal, Chief Financial Officer

David Thompson is the Chief Financial Officer of CIM Commercial Trust Corporation and a Principal, Chief Financial Officer of CIM Group.  He is responsible for overseeing all areas of Finance and Capital Markets within CIM and serves on the Investment Committee. Prior to joining CIM in 2009, Mr. Thompson spent 15 years with Hilton Hotels Corporation, most recently as Senior Vice President and Controller. Mr. Thompson’s experience includes multi-billion-dollar real estate acquisitions and dispositions in the hospitality, gaming and timeshare sectors, as well as significant capital markets experience. He began his career as a CPA at Arthur Andersen & Co. Mr. Thompson earned a Bachelor of Science degree in Accounting from the University of Southern California.

  • Jan Salit 
  • Charles Garner 
  • David Thompson 
Board of Directors

CMCT is governed by a Board of Directors.

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Douglas Bech | Member of the Board of Directors

Douglas Bech has served as founder and Chief Executive Officer of Raintree Resorts International and its predecessors since August 1997. Raintree owns and operates upscale vacation ownership resorts in Mexico, the United States and Canada. Prior to founding Raintree, Mr. Bech practiced securities and corporate finance law from 1970 until 1997. Mr. Bech also has served as a director of j2 Global since November 2000. From August 1988 through November 2000, he served as a director of eFax.com, a company j2 Global acquired in November 2000. Mr. Bech also serves as lead director of HollyFrontier Corporation, which was the result of a merger of Frontier Oil Corporation and Holly Corporation in July 2011 and had previously served as a director of Frontier Oil Corporation since 1993. Mr. Bech's previous work as a securities and corporate finance lawyer, as a director of two other public companies, and his current experience as a chief executive officer of a private enterprise engaged in marketing, management and consumer finance in three different countries, will provide expertise on corporate governance, legal matters and finance, as well as a general business management perspective to the Board of Trust Managers.

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Robert Cresci | Member of the Board of Directors

Robert J. Cresci has been a Managing Director of Pecks Management Partners Ltd., an investment management firm, since 1990. He currently serves on the boards of j2 Global, Luminex Corporation and OFS Capital Corporation. Mr. Cresci previously served on the board of Continucare Corporation until 2011 and the board of Sepracor, Inc. until 2009. Mr. Cresci's extensive knowledge of investment management and accounting from his experience with Pecks Management Partners and his experience serving on other public company boards of directors will provide expertise regarding investment strategies, accounting issues and public company matters.

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Kelly Eppich | Member of the Board of Directors

Kelly Eppich is a Principal, Investments of CIM Group.  As a Principal, he serves on the Firm’s Investment Committee.  Prior to joining CIM Group, Mr. Eppich served as the Chief Financial Officer of the Decurion Corporation/Pacific Theatres. In that capacity, he was responsible for all areas of finance, accounting, treasury, risk management and information systems development of the firm.  From 1989 to 2000, he was Vice President Finance / Controller and then Vice President of Business Development, Finance and Administration for the International Recreation Enterprises Division of Warner Bros., which was responsible for the acquisition, development and operations of theme parks and multiplex theater real estate projects outside of the United States. Prior to joining Warner Bros., Mr. Eppich served as an Assistant Vice President and Assistant Corporate Controller for Maxicare Health Plans Inc. from 1986 to 1989 and worked for Ernst & Young from 1979 to 1986.  Mr. Eppich received a B.S. degree in Finance with an emphasis in Accounting from Weber State University.

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Frank Golay | Member of the Board of Directors

Frank Golay has been associated with Sullivan & Cromwell LLP since September 1977. From 1977 to 1985 he was an associate located in the firm's New York and London offices. From 1985 to 1988 he was a partner in the firm's New York office, and from 1988 to 2008 he served as a partner in the firm's Los Angeles office. Mr. Golay retired at the end of 2008 and has since been of counsel to the firm. Mr. Golay's practice has included numerous securities offerings, including REIT offerings, merger and acquisition transactions and general corporate advice. He has represented both issuers and underwriters, companies and their financial advisors. Prior to his retirement, Mr. Golay's clients included Orchard Capital, j2 Global and CIM Group. Mr. Golay is a member of the New York and California bars, and is a past chair of the Business and Corporations Law Section of the Los Angeles County Bar Association. Mr. Golay's extensive legal experience in the securities, mergers and acquisitions, and general corporate fields will provide the Board of Trust Managers with a strong resource on a variety of important strategic matters.

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Shaul Kuba | Member of the Board of Directors

Shaul Kuba, Co-Founder and a Principal of CIM Group, has been an active real estate investor for more than 25 years. Since co-founding the firm in 1994, Mr. Kuba has been an integral part of building CIM Group's investment platforms. As a Principal and head of the firm's development group, he is actively involved in the development, redevelopment and repositioning of CIM Group's real estate investments including notable projects such as 432 Park Avenue. Additionally, Mr. Kuba is instrumental in sourcing new investment transactions and establishing and maintaining relationships with national and regional retailers, hospitality brands and restaurateurs. He serves on the firm's Investment and Asset Management Committees and provides guidance on the diverse investment ideas across CIM Group's platforms. Prior to CIM Group, Mr. Kuba was involved in a number of successful entrepreneurial real estate activities including co-founding Dekel Development, which developed a variety of commercial and multifamily properties in Los Angeles.

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Richard Ressler | Chairman of the Board of Directors

Mr. Ressler is the founder and President of Orchard Capital Corp. ("Orchard Capital"), a firm through which Mr. Ressler oversees companies in which Orchard Capital or its affiliates invest. Through his affiliation with Orchard Capital, Mr. Ressler serves in various senior capacities with, among others, CIM Group, LLC (together with its controlled affiliates, "CIM"), a vertically-integrated owner and operator of real assets, Orchard First Source Asset Management (together with its controlled affiliates, "OFSAM"), a full-service provider of capital and leveraged  finance solutions to U.S. corporations, and OCV Management, LLC (“OCV”), an investor, owner and operator of  technology companies.  Mr. Ressler also serves as a board member for various public and private companies in which Orchard Capital or its affiliates invest, including as chairman of j2 Global, Inc. (NASDAQ "JCOM"), director of Presbia PLC (NASDAQ “LENS”), and chairman of CIM Commercial Trust Corporation (NASDAQ “CMCT”).  Mr. Ressler served as Chairman and CEO of JCOM from 1997 to 2000 and, through an agreement with Orchard Capital, currently serves as its non-executive Chairman. Mr. Ressler has served as a director of LENS since January 2015 and as chairman of CMCT since 2014.

Mr. Ressler co-founded CIM in 1994 and, through an agreement with Orchard Capital, chairs its executive, investment, allocation and asset management committees and serves on its credit committee.  CIM Investment Advisors, LLC, an affiliate of CIM, is registered with the United States Securities and Exchange Commission as a registered investment adviser.

Mr. Ressler co-founded the predecessor of OFSAM in 2001 and, through an agreement with Orchard Capital, chairs its executive committee.  OFS Capital Management, LLC, an affiliate of OFSAM, is registered with the United States Securities and Exchange Commission as a registered investment adviser.

Mr. Ressler co-founded OCV in 2016 and, through an agreement with Orchard Capital, chairs its executive committee.  OCV is a relying adviser of OFS Capital Management, LLC.

Prior to founding Orchard Capital, from 1988 until 1994, Mr. Ressler served as Vice Chairman of Brooke Group Limited, the predecessor of Vector Group, Ltd. (NYSE "VGR") and served in various executive capacities at VGR and its subsidiaries.  Prior to VGR, Mr. Ressler was with Drexel Burnham Lambert, Inc., where he focused on merger and acquisition transactions and the financing needs of middle-market companies.  Mr. Ressler began his career in 1983 with Cravath, Swaine and Moore, working on public offerings, private placements, and merger and acquisition transactions. Mr. Ressler holds a B.A. from Brown University, and J.D. and M.B.A. degrees from Columbia University.

 

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Avraham Shemesh | Member of the Board of Directors

Avi Shemesh, Co-Founder and a Principal of CIM Group, has been an active real estate investor for more than 25 years. Since co-founding CIM Group in 1994, Mr. Shemesh has been instrumental in building the firm's real estate and infrastructure platforms. As a Principal and head of the firm's Investments Group, he is actively involved in the investment process and provides guidance on the diverse investment ideas across CIM Group's platforms. He serves on the firm's Investment and Asset Management Committees. Additionally, Mr. Shemesh is responsible for the day-to-day operations of CIM Group, including strategic initiatives, property management and leasing and investor relations. Prior to CIM Group, Mr. Shemesh was involved in a number of successful entrepreneurial real estate activities, including co-founding Dekel Development, which developed a variety of commercial and multifamily properties in Los Angeles.

  • Douglas Bech 
  • Robert Cresci 
  • Kelly Eppich 
  • Frank Golay 
  • Shaul Kuba 
  • Richard Ressler 
  • Avraham Shemesh 

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