Neil
Schimmel - President:
Neil has 30 years of experience in Investment Real
Estate specializing in the acquisition, redevelopment, and disposition of value
add opportunities. Licensed in real estate in 1979, Neil has been
responsible for several billions in redevelopment apartment opportunities
throughout the United States.
Redevelopment has included:
- Modernization of apartment communities with interior
and exterior renovations and common area upgrades.
- Creating and effective implementation of revenue
generating programs.
A successful real estate strategy
always evolves and changes with the market. Neil's career path has been at the
forefront of these relentless changing environments. From 1982 till 1986, Neil received his CPA
from Kenneth Leventhal. His
responsibilities were the re-organizations and work-outs of portfolios and individual
failed loans, exceeding several billions of dollars.
From 1986 till the founding of
IMG in 1993, Neil was a partner in
Capitol Properties which specialized in the acquisition, redevelopment, operation
and brokerage of apartment communities in Southern California and Seattle. Neil
headed up a high transaction volume of acquisitions, management of day to day
operations & renovations, syndication of the investments and disposal of
the properties.
Since founding IMG in 1993, Neil has been the owner, lender, manager, sponsor and/or
advisor to multiple successful Investment Partnerships. IMG is responsible for the acquisition,
redevelopment and disposition of several billion in multifamily
transaction volume over the past eleven years. These transactions were conducted with
most of the major national players in Multifamily. Neil
has resolved billions of dollars worth of loan modifications and work-outs in
this current cycle alone. Over the past
twenty five years Neil has amassed a
deep experience in distressed real-estate, and is well known through out the
industry.