Core Real Estate Brokers L.l.c

[Annegret Haldiman]

CoreReal Estate Partners is a premier real estate firm comprising top agents and brokers hailing from elite firms across Central Virginia. Our brokers are experts who specialize in selling and buying residential, luxury, and estate properties, as well as other residential and commercial real estate.

The Tennessee Real Estate Commission was created in 1951 to regulates real estate brokers and affiliate brokers, real estate firms, rental location agents, time-share salespersons and developments, vacation clubs and vacation lodging services. The current requirements for the licensure of these regulated professions can be found in Tennessee Code Annotated, Title 62, Chapter 13.

The mission of the Tennessee Real Estate Commission is to protect the public health, safety and welfare through the regulation of real estate brokers and affiliate brokers, real estate firms, rental location agents, time-share salespersons and developments, vacation clubs and vacation lodging services.

REMINDER: Education providers shall submit continuing education for affiliate brokers or post licensing courses for brokers to the Commission within ten (10) working days of the completion of the course. We do not accept continuing education certificates from licensees. You can verify your continued education at Public Search.

Every two (2) years, as a requisite for the re-issuance of an affiliate brokers license originally issued on or after July 1, 1980, the affiliate broker shall furnish certification of satisfactory completion of sixteen (16) classroom hours in real estate courses at any school, college or university approved by the commission.

Since 2001, CREC Real Estate, LLC has provided access to institutional-quality real estate investment opportunities located throughout the United States. CREC is a fully integrated real estate manager focused exclusively on value-add and core-plus apartment acquisitions. Integrity, discipline and an agile response to evolving real estate markets define our collaborative investment process.

CREC focuses on multifamily acquisitions in carefully selected U.S. secondary markets in its search for well-balanced risk/reward investment opportunities. Properties with the right combination of trailing performance and value-add potential that survive an intense due diligence process are considered as acquisition candidates.

The structure and business plan of every potential acquisition is balanced to create an investment that supports desirable returns and minimizes risk. Our strategy is focused on developing the most conservative capital stack which maximizes annualized cash flow and asset value post-renovation.

Property acquisitions occur only after in-house and independent levels of satisfactory due diligence. The due diligence process includes, but is not limited to, reviewing market comparables, secret shopping the local competition, thoroughly examining the property's units and amenities, confirming proposed revenue and expense assumptions, reviewing third-party environmental analysis and assembling detailed capital expenditure budgets.

CREC seeks to acquire multifamily properties that allow for net operating income (NOI) growth through strategic and tactical capital improvements. Executing value-add enhancements to apartment units and community amenities are paramount to CREC's renovation program. CREC's property management affiliate leverages technology to efficiently grow revenue and control expenses while maintaining high occupancy.

CREC believes a successful real estate investment should provide some level of cash flow throughout the life of the investment, in addition to capital preservation and appreciation at the time of sale. To maximize each investment's economic outcome, our primary focus is on the acquisition of existing multifamily real estate with in-place cash flow that can be improved throughout the hold period by best-in-class management and oversight. CREC's Asset Management team and Investment Committee seek to monetize investments post-renovation when properties have achieved their full potential.

"Back to the Basics" is the theme of the 2022 NMREC Core Course. Topics for this course include the broker duties of reasonable care and disclosure of adverse material facts. Associate Broker responsibilities, Transaction Coordinators and disclosure, avoiding the unauthorized practice of law and more. Brokers will dissect real estate scenarios to deepen their understanding of how basics should be applied to real life. Hot topics in real estate will be covered as well, reflecting the changes and challenges of the industry including information from NMAR Legal Counsel Ashley Strauss Martin.

The 2023 core course will cover interesting real estate statistics, updated information on E & O insurance claims from RISC, a section on understanding transaction brokerage versus agency, case studies from the files of the New Mexico Real Estate Commission, homeowners associations and other hot topics in the real estate industry.

Topics for the 2024 NMREC Core Course include the First Five Broker Duties, Artificial Intelligence, Proposed Team Rules and Antitrust. Our ZOOM courses are designed with interaction in mind. so come to class prepared to participate in activities!

Through a career that has allowed Adam to succeed in many roles, he has focused expertise in development & construction management, project analysis, and asset management among other skill sets. Adam has been involved with the complete life cycle of many complicated and successful projects in all property types including retail, office, hotel, mixed-use, apartments, and industrial. The transaction types have been note purchases, auctions, joint ventures, public-private partnerships, and traditional arms-length transactions.

All said, Adam has been the managing principal on over 25 projects in the last 6 years, and in his career has been involved on the principal side in over one hundred projects totaling over two billion dollars of project cost and millions of square feet of real estate.

Brad began his real estate career long even before he graduated high school. Prior to his time at Core, Brad worked for several key commercial real estate companies like Sterling Bay, Next Realty and Crossroads Development on their acquisitions and development teams. Past responsibilities include acquisitions, due diligence, asset management, analysis, lease administration and project management. In 2013, Core brought the opportunity for Brad to principal a company with longtime colleague and friend Adam Firsel.

Jonathan joined Core Acquisitions in 2017 as Director of Property Management. He has managed over $1 billion in commercial properties during his career. Jonathan has significant experience and a track record of creating and maintaining value for his clients and owners at some of the largest real estate companies. Previous to Core, he was a Senior Property Manager at Inland Commercial Real Estate and Pine Tree Commercial Realty where he managed all property types nationwide. Jonathan received his bachelors degree in Economics from the University of Iowa. His studies included accounting, finance and entrepreneurial management.

Michael has over 30 years of accounting and finance experience in the commercial real estate, apartment and condominium industries. Prior to Core, he worked at the REIT General Growth Properties for 15+ years, where he was director of accounting overseeing the Southeast region of the United States. He has extensive experience in property financial reporting, acquisitions and dispositions, working with third party auditors and various financial institutions.

Prior to joining Mid-America, Tim partnered with his brother Brian to form Mars Equities, Inc. Mars Equities focused on the development of business parks and acquiring environmentally distressed properties nationwide. The business park developments were Class A, ground-up construction that consisted of office and industrial flex space buildings. Its sister company, Mars Environmental Solutions, provided the platform to acquire environmentally distressed real estate and return the buildings to the market once the environmental remediation was completed. Mars Equites built and acquired 25 buildings over 10 years and most remain in their real estate portfolio today.

In addition to his work with Core Acquisitions, Tim is President of KC Realty, Inc., an Illinois real estate brokerage company and is a member of the International Council of Shopping Centers. He has consulted with many of the Chicago area suburbs to help attract retailers to their communities and also has experience managing public improvement construction projects on behalf of those communities.

Tim attended Purdue University on a baseball scholarship and lives in Frankfort, Illinois with his wife Diane and has two children. Their daughter Kelly works for a prominent law firm, while their son Conor is graduating college with a degree in cybersecurity.

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