Resume of Frederick W. Pierce

By Frederick W. Pierce

BS Degree, Cum Laude in Finance, SDSU, 1984

MBA Program, Graduate Studies in Real Estate Finance, SDSU, 1984-88

EMPLOYMENT

1995-Present President and CEO + Pierce Education Properties, L.P.(PEP) (http://www.pierceeducationproperties.com)

Pierce Education Properties (PEP) is exclusively dedicated to real estate investment and development for universities or in educational communities. With approximately 5,000 beds under management, PEP is one of the leading owners and operators of student apartments in the U.S. and specializes in turning around under-performing student housing properties. For 10+ years, the firm served as master developer of the award-winning 131-acre, $1+ billion College Community Redevelopment Project at San Diego State University together with SDSU Foundation. Currently, PEP is developing the $200 million Threshold Project at Arizona State University. PEP mixed-use projects include retail & entertainment uses, campus-serving office and research space, hotels and conference centers, housing (student, Greek, faculty/staff), religious centers, student recreation facilities, academic buildings and integration of public transit.

1993-1995 Sr. VP/Chief Financial Officer + The Platt Companies

Senior principal in charge of real estate acquisitions and financing including individual and portfolio transactions for this 50-year old real estate investment and development company. Procured, negotiated and structured senior debt, mezzanine and equity financing for single properties and portfolios. Also, headed overall acquisition efforts. Completed over $400 million in transactions including the closing of nearly 4,000 apartment units and 400,000 sf of office space.

1988-1993 Regional Director, Real Estate Consulting, Price Waterhouse

Recruited by Price Waterhouse to start and build a real estate consulting practice for the firm. Headed up this business unit in the Western United States supported by a staff of approximately 25 full time consulting professionals in multiple offices. Provided an array of services including market research, financial analysis, litigation support, workouts, bankruptcy services, expert testimony, securitization due diligence and other real estate services. Handled major restructuring engagements including Carter Hawley Hale, Standard Brands Paint Co., The Lusk Company, The Centennial Group, Hahn/Summers, etc. Major project experience included San Diego Convention Center, LegoLand (Carlsbad), America Plaza (San Diego), Radisson Grand Hotel (Bucharest) and Liechtenstein Estate (Czech Republic).

1983-1988 Manager, Real Estate Consulting + KPMG/Goodkin Group Director, RE Investment Consulting + The Goodkin Group

Headed the finance and appraisal divisions of the company and served as senior project manager on consulting engagements. The finance division prepared financial analyses, financing packages and property financing placements. The appraisal division issued full narrative ("MAI") appraisals. While with the firm, worked on many prominent projects including Cedar Creek (Kansas City), La Paloma (Tucson), Playa Vista (Los Angeles), SDSU Redevelopment (San Diego) and many others.

1983 Appraiser + Bank of America

Appraised single family homes in North San Diego County.

1990-1994 General Partner + San Diego Alamo

General Partner in San Diego-based residential land development and homebuilding enterprise. Acquired and built millions of dollars in residential projects.

TEACHING

Instructor, UC San Diego, Extension (Advanced Real Estate Development Feasibility), 1989-1992.

Instructor, Institute of Residential Marketing (MIRM), 1986-1992

SPEECHES

Mr. Pierce is a frequently featured speaker regarding real estate, education and the economy. His speaking credits include AUREO, NACUBO, AUA, CASE, PCBC, ULI, BIA, NAIOP, IREM, CCIM, SIOR, RESSI, CREW, NAWIC, BOMA, NAHB, ICSC and numerous Boards of Realtors & Chambers of Commerce.

PUBLISHED/FEATURED

KTLA, "Evening News" (TV interview - Hal Fishbeck) 1993 CNBC, "Marketwatch" (TV interview - Jerry Cobb) 1993 CNN, "Moneyline" CNN (TV interview - Hugh Downs) 1993 KPBS, "Generation X" (2 hour international television program to 14 countries) 1998 "The Impact of a New Regime on U.S. Real Estate", PW Real Estate Update, May 1993 "Steps to Help People Buy That 1st Home", Los Angeles Times, June 1991 "Let's Jumpstart the American Dream", California Builder, Dec-Jan 1990-91 "Real Estate Finance", monthly column in The Goodkin Report, 1986-87 "San Diego Metropolitan Area", ULI Market Profiles, ULI, 1986 "Fannie Mae Tightens Underwriting", Financial Institutions Report, 1985

PROFESSIONAL AFFILIATIONS

• Trustee Emeritus, The California State University (CSU) Board of Trustees, Trustee 1999 + 2004
• Chairman, CSU Trustees' University and Faculty Personnel Committee, 2003-4; Vice Chair 2000-01
• Chairman, CSU Trustees' Institutional Advancement Committee, 2001-3; 2004-5; Vice Chair 2003-4
• Chairman, CSU Trustees' Audit Committee, 2000-01
• Board Member, INVESCO Real Estate Fund I, 2003 + 2005
• Vice Chair, SDSU College of Business Board of Directors, Board Member 2000 + present
• Chairman, SDSU College of Business Board's Ad Hoc Fiscal Committee, 2009 + present
• Executive Committee, SDSU Real Estate Program Board, 2009 + present; Board 2005 + present
• Board Member, Marshall Faulk Foundation, 2010 + present
• Board Member, Aztec Warrior Foundation, 2006 + 2009
• Board Member, Aztec Athletic Foundation (SDSU), 1997- 2005; Executive Committee 1999
• Co-Chair, SDSU Shared Vision Task Force on Self-Supporting Division I Athletics, 1997
• President, San Diego City Employees' Retirement System (SDCERS) 1999+2005; Trustee 1997+2005
• Chairman, SDCERS Real Estate Investment Committee, 1998 + 2005
• Chairman, Taxpayer's for Civic Responsibility (PAC), 1988
• President, CSU Alumni Council, 1995-96; Board Member, 1991- 2004
• President, SDSU Alumni Association, 1996-97; Board Member, 1992 + present
• President, SDSU Young Alumni, 1991-92; Board Member 1988-1992
• President, Beta Theta Pi Alumni - San Diego Region, 1986-87, 2009 + present
• President, SDSU Beta Theta Pi House Corporation, 1988-89
• Board Member, BIA Homebuilder's Council Board of Directors, 1991-2
• Board Member, International Council of Shopping Centers Board of Directors, 1991-2
• Board Member, Los Angeles Headquarters Association Board of Directors, 1992-94
• Board Member, Associated Students of SDSU (Alumni Representative), 1996-97
• Member, Association of University Real Estate Officials, 2001 + present
• Member, General Society of Mayflower Descendants, San Diego Colony, 2010 + present
• Member, The National Society, Sons of the American Revolution, 2010 + present

• Ernst & Young, Entrepreneur of the Year (San Diego), Semi-Finalist, 2010
• City of San Diego "City of Villages", The Paseo, Pilot Village Demonstration Project, 2004
• AUREO Award of Excellence, Fraternity Row, Most Outstanding Project in US, 2003
• Gold Nugget Award, Fraternity Row, PCBC, Best Public/Private Special Use Facility, 2003
• Gold Nugget Award, Piedra del Sol Apartments, PCBC, Best Redevelopment Project, 2000
• Gold Nugget Award, Piedra del Sol Apartments, PCBC, Best Apartment Project, 2000
• "Who's Who in Real Estate", San Diego Daily Transcript, 1999

• Alumni of the Year ("Monty") Award, SDSU College of Business Administration, 1999
• Outstanding Alumni Award, SDSU Associated Students, 1996-97
• Congressional Award of Special Recognition, Congressman Brian Bilbray, 1999
• Resolution of Commendation, California Legislature, 2005
• Resolution of Commendation, Academic Senate California State University, 2005
• "Toro" Award of Recognition, CSU Dominguez Hills Alumni Association, 2005
• CSU Trustee of the Year, California State Student Association, 2000-01
• Biltmore Who's Who, 2008-9
• Biltmore Who's Who, National VIP for Real Estate Development Industry, 2008-9
• Who's Who in The West, 1989-90
• Who's Who in Southern California Real Estate, 1987
• Who's Who in American Colleges & Universities, 1984
• International Beta of the Week, Beta Theta Pi Fraternity, September 22-29, 2003
• Outstanding Young Men of America, 1990
• Beta Gamma Sigma, National Honor Fraternity, 1984
• Golden Key, National Honor Society, SDSU (1984), CSU Fullerton (2001 Honorary)
• Financial Management Association, National Honor Society, 1984
• Village Toastmaster of the Year, 1986