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| Joshua Kahr |
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Joshua Kahr is the founder and principal of the company. He is a nationally recognized expert in real estate market analysis, finance, and investment. His primary responsibilities include managing the operations of the firm, business development, and overseeing projects. |
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| Consulting Experience |
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| Since he launched his business in 2002, he has completed the following assignments: |
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Constructed numerous financial models for a wide range of real estate investments including condominiums, rental apartments, office buildings, industrial parks, and shopping centers. The firm is now established as a "go to" firm for the audit and review of existing financial models. Examples include a $200,000,000 three phase, mixed use transit oriented development in Salt Lake City and a $1,000,000,000 project in Bethesda, Maryland. |
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Developed leading workshops including "Advanced Pro-forma Modeling with Excel" and one for Argus, the dominant real estate financial package for real estate analysis. Outside of the manufacturer of Argus, we are the only company that provides regular courses nationwide. Clients include business schools (U. Chicago, Wharton, and Harvard), investment firms (Credit Suisse, Blackstone, and General Electric), industry organizations (Urban Land Institute), and conference organizers (Terrapinn Financial). He has personally delivered these seminars throughout the United States and in foreign location such as Tokyo, Dubai, London, Hong Kong, and Singapore. |
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Ran over 30 two day seminars for United States Environmental Protection Agency and affiliated State agency employees on how government officials could better work with the private sector to help redevelop environmentally contaminated properties. |
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Analyzed inequalities in the tax assessment system for New York City's commercial real estate. It concluded that properties were under-assessed by approximately 40% relative to the City's own published guidelines. This study received significant local press; it took up half a page on page 2 of the New York Post, New York City's largest circulation daily, on 12/3/2004. |
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Produced feasibility study for support of ongoing litigation on the Atlantic Yards development in Brooklyn, NY.
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Created financial plan for the Port Authority of the City of Cleveland for the redevelopment of their port.
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| Previous Work Experience |
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The last job that he held before dedicating himself full time to his consulting business was as Senior Director in the Real Estate Investment Banking division at GVA Williams (which is now known First Service Williams). His work involved the identification of potential acquisition opportunities, the management of dispositions, and the supervision of transactions. While there, he sold 18 properties for a Fortune 100 client including 510 Fifth Avenue in Manhattan. This 62,000 SF office building deal was nominated for REBNY's "2000 Most Ingenious Deal of the Year Award" |
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Previous to that position, he worked on the buy side of the business as a Senior Analyst at Brookhill Redevelopment. Brookhill Redevelopment was funded by Credit Suisse First Boston and specialized in the purchase and remediation of environmentally contaminated properties. He was responsible for the research, due diligence, and financial modeling of potential acquisitions.
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His career in institutional real estate began at SL Green Realty Trust, a real estate investment trust that owns and manages Class B office buildings in New York City. As an Analyst, he conducted financial analysis in support of their acquisition efforts and assisted in the preparation of documents for their initial public offering. |
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| Academic Experience: He is on the faculty at Columbia University as an adjunct associate professor. He currently teaches the year long real estate finance course in Columbia's MS in Real Estate program to all of the approximately 100 students. He has also taught real estate finance and real estate market analysis at the graduate level at New York University, Georgetown University, and Kellogg (Northwestern University). |
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| Publications: In addition to articles that have appeared in academic and business journals, he is the author of the textbook, Real Estate Market Valua tion and Analysis (John Wiley and Sons: 2005). He also wrote a book on the state of the housing market, Beyond the Bubble (Amacom Books: 2007). |
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| He has also been widely quoted on real estate finance, investment, and development in such national periodicals as The New York Times and The Christian Science Monitor. |
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| Education and Affiliations: He has a Master of Science in Real Estate from New York University and a Bachelor of Arts in Economics from Reed College. He is on the Board of Directors for Monmouth Real Estate Investment (NYSE: MNR), a publicly traded Real Estate Investment Trust. |
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| He is licensed as a Real Estate Broker and Real Estate Instructor in the State of New York. |
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| Cliff Corrall |
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Cliff Corrall joined Kahr Real Estate in 2010 as part of the investment management team. Cliff is currently involved in all facets of the investment process, including acquisitions, asset management, and sourcing equity and debt.
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Prior to joining KRE, Cliff ran one of the most successful institutional mortgage securities sales teams in the industry as an EVP at Countrywide Financial Corporation in Los Angeles, CA. Over an eight year span his team transacted over $3 Trillion worth of MBS, CMBS and ABS generating in excess of $300mm in gross revenue. Cliff's clients included large state pension funds, insurance companies, banks, money managers and hedge funds as well as both FNMA and FHLMC. During his 21 year Wall Street career, Cliff worked at a number of leading investment banks including JPM Chase, DLJ, Smith Barney and PaineWebber where he was consistently a top mortgage sales producer.
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In addition to his Wall Street background, Cliff also founded and serves as President of Corrall Development, Inc in Los Angeles, CA. The company focuses on luxury residential ground-up development in southern California and has completed and sold over $13 mm in projects since its inception in 2007.
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Cliff earned his Bachelor of Arts in Economics from the University of Rochester and his Masters of Business Administration in Finance at the William E. Simon School of Business Administration at the University of Rochester. Cliff recently completed his Masters of Science in Real Estate Development at Columbia University prior to joining KRE.
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| Greg Easton |
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Greg Easton joined Kahr Real Estate in 2007. Since joining the firm, Greg has been actively
involved in the company’s consulting and training businesses and has executed numerous engagements for clients in addition to teaching courses in both Excel modeling and Argus around the country and abroad. In 2009, Greg co-launched the investment platform alongside Joshua Kahr. Greg is a principal within the investment platform and is involved in all facets of the business. |
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| Prior to joining Kahr, Greg worked for a New York City based real estate firm that specialized in securing tax-exempt bond financing and Low Income Housing Tax Credits for development projects throughout the country. Greg began his career in real estate working for a Long Island owner-operator of medical office buildings. |
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| Greg earned his Bachelor of Science in Economics from the University of Wisconsin-Madison and his Master of Science in Real Estate from New York University. |
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