Tim Pettit

Biographie : Timothy Pettit [email protected] 4695 MacArthur Court, Suite 700, Newport Beach, CA 92660 Work: (949) 662-2121, Cell: (312) 505-5046 Qualification Highlights: • Setting strategic goals; exceeding expectations • Crisis management / problem solving • Leadership and teamwork • Dedicated and persistent performer • Establishing / building relationships • Organized / diligent Experience: TRC, Newport Beach, CA April 2015 - Present TRC is a $2.0 billion private real estate operating company that owns, develops and operates shopping centers, located across the Western United States Chief Financial Officer, Senior Vice President, Investment Management Member of executive team playing key role in strategic investment related activities for the company. Responsible for the oversight of the property management, accounting, human resources and investment management teams. • Plays a key role in all investment decisions (acquisition, disposition, development and leasing) • Establish key benchmarks and monitor and analyze financial and objective performance, proactively addressing operating challenges and opportunities • Create, coordinate and evaluate the operating procedures (operational, cost controls, accounting, billing, etc) • Develop and maintain relationships with Lenders, coordinating all financing/refinancing activities • Responsible for Company’s annual business plan Equity Commonwealth, Chicago, IL June 2014 – April 2015 Equity Commonwealth (NYSE: EQC) is a $7 billion office REIT Vice President, Investments Member of investment team responsible for dispositions and for sourcing and evaluating potential new investments, primarily on the West Coast and in Chicago. • Participated in valuation and due diligence throughout the proxy process and ultimate transition to new management, including the implementation of new operating systems and procedures • Served as asset manager and dispositions lead for Chicago and Australia office and industrial assets, leading to approximately $1.0 billion in sales Equity Group Investments, Chicago, IL February 2007 – June 2014 EGI is the private real estate investment firm of Sam Zell, internationally recognized real estate magnate and financier. Associate, Acquisitions (2009 – 2014) Acquisitions team member responsible for sourcing and evaluating possible new investments in the office, retail and hospitality sectors. Participated in over $750 million in debt and equity acquisitions, and over $1 billion in financings and dispositions. Asset Manager (2007- 2009) One of three real estate professionals assigned to manage Sam Zell’s private real estate and public equity real estate investments. Personally responsible for asset management of $500 million real estate portfolio. Developed and executed strategic plans for the private real estate portfolio, including office, residential, retail and parking garage assets across the country. Primarily focused on the overseeing management, leasing and marketing, as well as leading dispositions and acquisitions. Also responsible for valuation and tracking of public equity investments in real estate companies. • Led disposition of $200 million of real estate assets in first 12 months with firm • Negotiated new property management and leasing contracts, achieving over $1 million in savings annually in fees • Executed more than 20 new office and retail leases in 2007 • Established communication processes, both internal and external, to improve flow of critical decision making • Implemented internal due diligence process on all current assets The Macerich Company, Santa Monica, CA November 2004 - January 2007 Macerich (NYSE: MAC) was a $5 billion shopping center REIT, the 3rd largest owner and developer of shopping centers in the U.S. Analyst, Asset Management (2005 – 2007) Managed corporate capital initiatives, leasing forecasts, real estate taxes, joint venture partnerships, and wholly owned assets. Responsible for 25 shopping centers, overseeing management, leasing and capital expenditures. Reviewed annual and quarterly leasing forecasts for all the properties. Prepared annual budget presentations for Macerich executives and joint venture partnerships. • Managed due diligence process in disposition of $200 million of assets • Prepared and assisted in setting strategic objectives for entire portfolio • Calculated fixed CAM rates for 2006 and 2007, implemented for all properties in the portfolio • Managed real estate taxes in 2006, tracking payments and appeals processes • Calculated and managed settlements in tenant recoveries disputes • One of 32 company professionals selected to participate in leadership and education program (MACPAC team) Associate Manager, Property Management (2004 – 2005) Trained under senior property manager in property management, operations, leasing and marketing of regional shopping center. • Handled account collections for shopping center, reducing account receivables by $1 million Education: Northwestern University’s Kellogg School of Management, Evanston, IL Masters of Business Administration, Finance & Real Estate (2010) Stanford University, Graduate School of Business, Palo Alto, CA Mergers and Acquisitions: Creating and Claiming Shareholder Value (2007) Harvard University, Cambridge, MA Bachelor of Arts, Psychology Major (2004) Varsity Ice Hockey Team, 4- year letter winner