David M. Marks

 

Since 1994, David M. Marks has served as the Trustee of the Irrevocable Children’s Trust, Irrevocable Children’s Trust No.2 and Phoenix Business Trust where he oversees all trust investments, with responsibilities that begin pre-acquisition and extend through ownership and disposition. Mr. Marks has played a key role in all acquisitions and management of the Trusts’ portfolio of commercial real estate and operating companies and acts as key officer, director or manager for the Trusts’ operating subsidiaries.

Mr. Marks began his real estate career in the late 1980s while still an undergraduate, completing acquisition underwriting, portfolio analysis and abstracting complex anchor tenant leases on a national basis. In the early 1990s, Mr. Marks worked on national acquisitions, underwritings and financings, highlighted by assisting in the creation Wall Street’s first single-tenant, retail property-backed securitized financing, a CMBS transaction secured by a national portfolio of 43 Kmart retail and warehouse stores.

Mr. Marks has led or participated in real estate acquisitions, refinancings and dispositions ranging in size from single asset transactions under $1 million to portfolio transactions in excess of $170 million.

Mr. Marks and his wife Rachael are active supporters of various charitable organizations, with a specific focus on Jewish charities in Southeastern Wisconsin.

Mr. Marks received a B.S. in economics from the University of Wisconsin.

COVID-19: June 2021 Industrial Real Estate Sector Update

The COVID-19 pandemic hit many sectors of commercial real estate hard, with some sectors such as hospitality and retail only recently beginning to exhibit signs of recovery. Industrial has been the undisputed leader in commercial real estate throughout the pandemic, largely thanks to an unprecedented boom in e-commerce that has driven skyrocketing demand for more warehouses and fulfillment centers. Now — about a year and a half into the pandemic — real estate owners and investors have begun to look forward to a post-pandemic world ... Read More

Phoenix Investors & The Crivello Family Foundation Gift $1M

MILWAUKEE, WI (June 2, 2021) — Phoenix Investors and The Crivello Family Foundation recently gifted $1 million to Cristo Rey Jesuit High School Milwaukee. Cristo Rey owns and operates a Catholic high school, located at 1818 W. National Avenue, Milwaukee, that serves and educates young women and men of all faiths from families with limited financial means. Through its Corporate Work Study Program, Cristo Rey partners with Milwaukee companies of all sizes and industries to provide students with both a meaningful work experience and the ... Read More

What’s Driving Industrial Real Estate Demand?

Before 2020, the industrial real estate sector lacked the flashiness of other commercial real estate sectors, such as office space or hospitality. Due to various market trends and numerous pandemic-related activities, however, industrial has been the undisputed leader in commercial real estate for more than a year. Climbing rents and low capacity indicate that demand won’t slow any time soon. This article will discuss the driving forces behind the ongoing boom in industrial real estate. The e-Commerce Challenge While several different factors will contribute to ... Read More

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