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.

How Will Retail-to-Logistics Conversions Impact CRE?

Though the COVID-19 pandemic drove business away from brick-and-mortar retail and caused an e-commerce boom, some retail sectors were already struggling to keep physical stores open. More than 9,000 stores closed in 2019. With many additional retail spaces left empty by pandemic-related consolidations and bankruptcies, the commercial real estate sector has struggled to come up with viable alternatives for these properties. Some retailers and property owners have begun experimenting with retail-to-logistics property conversions to meet skyrocketing demand for fulfillment space. For example, Amazon recently opened ... Read More

Incorporating Sustainability Into Your Warehouse Operation

Even if the supply chain sector hadn’t had a global pandemic to contend with, 2020 was still marked by uncontrollable global wildfires and destructive storms. 2020 also tied for the hottest year on record, which climate scientists believe relates directly to the increase in severe weather events and other natural disasters experienced around the world. These disastrous events cause significant disruption in global supply chains, leading industry stakeholders to consider methods for reducing the environmental impact of production, transportation, and storage of goods. As the ... Read More

Phoenix Investors Donates $50,000 To Pathfinders Milwaukee, Inc.

Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced a contribution totaling $50,000 was made to Pathfinders Milwaukee, Inc. ("Pathfinders"), a nonprofit organization dedicated to bringing safety, hope, and healing to youth in crisis in the Greater Milwaukee area. "We've been a long-time supporter of Pathfinders and believe their mission is noble," said Frank Crivello, Founder & Chairman in an official statement. "Our youth face so many challenges in today's world; it's a comfort to know that organization like Pathfinders not only exist but make ... Read More

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