Gus has over 30 years in real estate development, marketing and the financial restructuring of real estate operating companies and multiple property portfolios. A third generation member of a family whose roots in the real estate industry go back to Miami, Florida at the turn of the 20th century, when Gusí grandfather became one of the first licensed real estate brokers in the State of Florida. A partial list of accomplishments follows:

FINANCIAL RESTRUCTURING:

  • Supervised the implementation of a $350 million debt reduction program through asset/note swaps and an accelerated plan of asset workouts and sales for Guardian Mortgage Investors (GMI), a REIT with an asset base of nearly $500 million. At its peak GMI was the fifth largest REIT in the U.S.
     

  • Primary responsibility for the re-capitalization of The Florida Companies (TFC), the successor company to GMI. $93 million of debt (37 bank creditors) was retired for $49 million in cash and the assignment of an $8.8 million first leasehold mortgage on the Spokane Sheraton Hotel. In addition, TFC reacquired 6 million of its common shares from its creditors. TFC increased its shareholders equity from $10 million to over $50 million and had total assets of $83 million.
     

  • Merged TFC into Fairfield Communities (a NYSE company). Responsible for corporate operations (3500 employees) consisting of corporate development, purchasing and design, management information systems and the administration of a $220 million contract receivable portfolio.
     

  • Retained by the Chief Financial Restructuring Officer of Olympia & York Companies (USA) to price its assets. Played a key role for over four years in the $5.6 billion financial restructuring of the company as it sought to emerge from Chapter 11 bankruptcy. This was one of the, if not the, largest debt restructurings in the history of commercial real estate. 128 corporate entities, with a combined negative net worth of $1.5 billion, were reorganized to create approximately $600 million in positive equity.
     

  • Played a key role in restructuring the $232 million first mortgage loan on the Chicago Merchandise Mart for a prominent American family.

DEVELOPMENT:

  • Developed Suntree, a 2800 acre master planned community featuring two 18-hole championship golf courses located in Melbourne, Florida. The property, which currently has over 5,000 dwelling units, was for a number of years the longest continuing venue on the PGA Senior Tour.
     

  • Responsible for pre-development activities (land planning, DRIs, permitting and zoning) on four major Florida developments containing over 4,500 lots.
     

  • Built 1495 town homes and single-family dwellings in four Florida projects.
     

  • Completed construction of the 297 room Sarasota Hyatt House in Sarasota, Florida.
     

  • Completed construction of 2000 condominium units in south Florida.
     

  • Developed an 80,000 sq. ft. Publix anchored shopping center and 561 garden apartment units in Jacksonville, Florida.

MARKETING:

  • Sold 1,000 condominium units and underwrote over $22 million in permanent financing to facilitate the sales effort.
     

  • Marketed Suntree for over $20 million in cash.
     

  • Supervised the orderly disposition of seven hotel properties having an aggregate purchase price of $73 million.
     

  • Exclusive marketing advisor to USX Realty Development in the $7 million sale of the Pasadena Yacht & Country Club in Gulfport, Florida.
     

  • Exclusive marketing advisor to a Canadian investor on the $11 million sale of Alaqua Lakes, a fully entitled 796 acre master planned community located in Lake Mary north of Orlando, Florida.
     

  Partners
 

 
Pine Street Partners, Inc. 

  • Over twenty five years of specializing in complex real estate transactions with a proven ability to identify and monetize hidden components of value.
     

  • Experienced professionals in all aspects of real estate, from managing and developing large mix-use projects to transactions involving investment grade properties and large acreage tracts.
     

  • Offers strategic thinking for landowners in the planning and implementation of conservation easements as a capital formation tool and exit strategy.
     

  • Expert Witness Testimony.

Over $8 billion in successful assignments

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