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.

Phoenix Investors Announces Acquisition of Waseca, MN Flex Building

As reported by PR Newswire Affiliates of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, announced the acquisition of a multi-tenant flex building in Waseca, Minnesota. This acquisition expands Phoenix's footprint to 23 states. Phoenix will be implementing a capital improvement plan to reinvigorate the space for new users. Currently, the property offers approximately 110,000 square feet of space available for lease. The city of Waseca is centrally located at the crossroads of major highways and a short commute ... Read More

Making Industrial Properties Appealing to a New Generation of Tenants

The U.S. industrial real estate sector continues leading the commercial real estate pack thanks to an ongoing e-commerce boom that has drastically expanded needs for fulfillment and warehouse space. Even with space at a premium, however, some of the forward-thinking, tech-savvy online sellers have turned up their noses at older and outdated industrial properties. The newest generation of industrial tenants brings with them an updated list of wants and needs that landlords must eventually accommodate if they want their properties to remain relevant. Here are ... Read More

Pandemic-Driven Industrial Real Estate Trends That Will Last Beyond 2021

COVID-19 knocked every industry out of its familiar patterns. While office space, retail, hotels, and other sectors of commercial real estate suffered serious losses in 2020, industrial thrived on demand for fulfillment and warehousing space. Given the unprecedented nature of the global pandemic, it’s been difficult to determine what pandemic trends will remain in a post-pandemic world. All Americans will become eligible for COVID-19 vaccinations starting on May 1st, 2021, which has many business leaders focused on what a return to “normal” will look like. ... Read More

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