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Home My WebLink AboutWAB ResumeP. E. SESSIONS AND ASSOCIATES, INC. SESSIONS DEVELOPMENT PATRICK E. SESSIONS Office: 1754 South Bayshore Lane Miami, Florida 33133 Tel (305) 856-0369 - Fax (305) 856-9020 Cellular (305) 609-6443 E-mail pesessionseaol.com Website: www.sessionsdevelopment.com Date of Birth: November 28, 1946 Health: Excellent Education: BBA Marketing, University of Miami Professional: State of Florida - General Contractor's License Class A (Unlimited) Military: United States Coast Guard, Flight Engineer, Honorable Discharge Residences: Coconut Grove, Florida, 60 years Blowing Rock, Noi' Carolina CAREER HISTORY: CURRENT: P.E. SESSIONS & ASSOCIATES, INC. SESSIONS DEVELOPMENT PRESIDENT & CEO Formed in 1993, P.E. Sessions & Associates, Inc. is a multi -faceted development company which offers management and consulting for all types of real estate projects. Various disciplines such as economic feasibility, financial modeling, sales management, marketing, land planning and construction management are provided both through in-house staff and the use of outside consultants where appropriate. The company also specializes in workout situations for developers, lending institutions and bankruptcy courts. Our clients have included some of the largest and most prestigious firms in these fields. From 1992 through 1999 the Company was retained by Atlantic Gulf Communities as a consultant on all aspects of AGC's business. The Company is currently active in Texas. It is a partner and Manager for Woodcreek, a 5000 lot development just east of Dallas in Fate, Texas. Woodcreek is a master planned community with schools, parks, amenity centers and a vibrant Home Owners Association. Homes range from $250,000 to $500,000. Please see www.woodcreekfate.corn The Company recently completed the design, permitting , development and sale of Durbin Crossing, a 2000 acre development in Jacksonville Fl. Please see www.durbincrossing.com The Company was a partner with AGC and acted as project manager for the development, construction, and marketing of Regency at Island Dunes, a twin tower, 13 story 144-unit luxury condominium project and associated structured parking on Hutchison Island, Florida. This project was sold out in 1999. These condominiums were priced at an average of $375,000 and are currently reselling for an average price of $650,000. The Company acquired, planned and permitted the River Walk Towers development site for AGC. This development is 2.8 acres located on Las Olas Boulevard in downtown Ft. Lauderdale, Florida and was the first major residential high rise project permitted in downtown Ft. Lauderdale. This development and the sale of the project received the Ernst and Young Award for the 1999 Best Real Estate Deal of the Year and generated a profit of $8,000,000 for AGC in less than 24 months. The project was subsequently sold, built out and is currently sold out. In 1999 the Company managed on behalf ofAGC the acquisition, financing, land and product planning, permitting and marketing of Spring Valley Ranch near Aspen, Colorado. This project, currently known as Chenoa, is 6,000 acres and will include a 50,000 sq. ft. clubhouse with a championship golf course, 25,000 sq. ft. of commercial space, an equestrian center and 500 homesites ranging from 2 to 35 acres with an average price of $450,000. The project will also include 75 quarter share cabins priced at $325,000 per share and an affordable housing component. The sell out on this project is projected to exceed $320,000,000 The Company was the managing partner and in charge of land planning, developing and marketing an 1160 acre residential ranch community known as High Aspen Ranch. This project is located 30 minutes from Aspen, Co. and contains 29 thirty-five acre ranch sites and related amenities including clubhouse, equestrian facilities, pool, tennis, and trail system. The current average price per lot is $1,000,000 and the project has been completed. The Company was a partner and the project manager of the conversion of the 192 unit Ocean Links of Ponte Vedra apartment complex to condominium ownership. This project is located in Ponte Vera Beach; Fla. In 2001, the project was the most successful conversion project if Jacksonville and achieved sales of 165 units in eighteen months. Sellout occurred in July, 2002 and sales exceeded $27,000,000. The Company was a partner with Southstar Development Partners, LLC and the project manager of Lakeside Village, an 800 lot residential community in Orlando, Florida. This project was fully developed with all lots sold. The Company was a management and development consultant to Southstar Development Partners' Bartram Springs project, a 1000 acre, 1400 lot subdivision In Jacksonville, Florida. Sellout exceeded $73,000,000. The Company was a development consultant for the Marlin Bay Yacht Club project in Marathon, Fla. This project includes 92 single family homes selling for an average price of $2,000.000 and a 92 slip Marina and Clubhouse and is currently partially completed. The Company currently is the managing partner and Project Manager of Durbin Crossing, a 2000 acre Planned Unit Development located in Jacksonville, Fl. This project will include 1550 single family home, 990 multifamily units and 300,000 sq. ft of commercial space at build -out and has ranked in the top 3 residential projects in the Jacksonville MSA since it's opening. See www.durbincrossing.com The Company converted Sail Cove, a 280 unit apartment complex in Jacksonville, Fl. Acquired in July, 2005, and all units were sold by December, 2006.Revenues exceeded $55,000,000. In 2006, Mr. Sessions was approved by the Office of the United States Trustee of the U.S. Department of Justice as a Special Examiner. He acted as Special Examiner and development consultant for the Honorable Judge Jay Cristol for the bankrupt Bentley Bay Condominium project, a 25 story, twin tower high end condominium project and associated structured parking garage on Miami Beach, Fl. Mr. Sessions was responsible for oversight for the court and lenders for all aspects of the project, including construction and sales. The project was successfully completed with both the Senior lender and Mezzanine lender recovering all funds loaned to the project. Mr. Sessions was the Managing Agent for the Honorable Judge Jay Cristol, of the United States Bankruptcy Court, Southern District, for the Biltmore Condominium, a twin tower 8 story luxury condominium in Coral Gables, Fl. The project was successfully completed and sold out Mr. Sessions acted as a Special examiner for the Honorable Jay Cristol in the Soriano and Sons bankruptcy case, a mid rise condominium project in Miami, Fl. This case was successfully resolved by both parties. 1992 - 1993 ATLANTIC GULF COMMUNITIES CORPORATION - Miami, Florida Member - Board of Directors Partner, various projects 1990 - 1992 HUIZENGA HOLDINGS, INC, - Fort Lauderdale, Florida VICE PRESIDENT - Real Estate Responsible for acquisitions, development, management, and sales of real estate holdings personally held by H. Wayne Huizenga, former Chairman of Blockbuster Entertainment and Chairman of Republic Industries and Auto Nation. These assets included a 300-acre waterfront single-family community with an 18-hole championship golf course and 88-slip marina in Stuart and the Dolphin Center Project, which includes the Pro Player Stadium (formerly Joe Robbie Stadium), 800,000 square feet of office space and 465,000 square feet of retail space in Dade County, Florida. Responsibilities also included feasibility analysis for potential acquisitions of residential and commercial properties. 1981 - 1990 THE ARVIDA COMPANY - Boca Raton, Florida PRESIDENT, Weston Division and Special Projects Division. WESTON DIVISION - Weston is a 10,000 acre Planned Unit Development in Broward County, Florida, ten miles west of the City of Fort Lauderdale, Florida. As President of this division, I was responsible for all activities at Weston, which included land planning, product development, sales, public relations and marketing activities. Responsibilities also included development and operation of Weston Hills Country Club, with a 50,000 sq. clubhouse an 18-hole championship golf course, an athletic club, restaurant, a cable television franchise, equestrian center and a 150,000 square foot shopping center. Weston also has its own special taxing district, which is responsible for all water management systems, roads, sewer and water. The bonds funding this special taxing district sold to the public exceeded $170,000,000. Sales at Weston averaged $125,000,000 per year. There were an average of 15 product lines, which ranged in price from $125,000 to custom homes in excess of $5,000,000.. The sales operation employed 18 salespeople and the entire project employed approximately 350. Weston's construction division was responsible for construction of 300 units per year with the remainder being constructed by outside builders. Weston's development district annually expended an additional $30,000,000. Specialized activities included extensive interface with the Environmental Protection Agency and other Federal and State agencies regarding environmental issues, as well as master planning issues with the County and State. Also, included are schools, churches, police stations and other public facilities. In 1997 Weston was incorporated as the City of Weston with over 60,000 residents. Build out is completed. ARVIDA SPECIAL PROJECTS DIVISION THE ADDISON - The Addison is a 180-unit luxury condominium and associated garage on the ocean in Boca Raton with an average initial sales price of $600,000 per unit. Resales at the Addison now average in excess of $1,500,000 per unit. MIZNER VILLAGE - Mizner Village consists of Mizner Court, a 200-unit five -story garden style condominium project with initial prices averaging $350,000, and Mizner Tower, a 134-unit high-rise condominium project with initial prices averaging $650,000. These projects both had structured parking garages. These projects are on the grounds of the Boca Raton Hotel and Club on Lake Boca Raton. COCOPLUM - Cocoplum is a high -end waterfront single-family community in Coral Gables, Florida. It has 320 lots, which averaged $350,000 each, and currently resell at $1,500,000+, and a 175-slip full service marina and yacht club. As President of these two divisions from 1986 through 1990, I was responsible for all aspects of these projects with approximately 25 senior employees reporting directly to me and approximately 500 employees in the divisions. The Special Projects Division was made up of joint ventures with VMS Realty, City Federal Savings & Loan and the Miami Savings Group. Weston is a wholly owned project of the Arvida Company. As President of the division, it was also my responsibility to negotiate these joint ventures as well as to negotiate land sales to various builders. BOCA WEST - Boca West is a 1,400-acre luxury resort development in Boca Raton, Florida. As Director of Development, my responsibilities included product conception, land planning, product design, overview of bidding and construction, as well as coordination of sales efforts on all residential and commercial projects in Boca West. Sales averaged 350 units annually, with an average price of $350,000. Responsibilities also included the completion of a 100,000 sq.ft. Country Club center with four championship golf courses and 36 tennis courts as well as negotiations of joint ventures with outside builders and development of the commercial core of Boca West. 1977-1981 HOUSING INVESTMENT CORPORATION OF FLORIDA - Miami, Florida (a subsidiary of the Chase Manhattan Bank) VICE-PRESIDENT Initially employed as Manager of Construction Operations, with the responsibility of completion, rehabilitation or tenant improvements for over 30 projects valued in excess of $350,000,000 foreclosed by HIC as lender. These projects included large PUDs, single-family homes, town houses, condominiums, office buildings, warehouses and rental apartments throughout the southeast United States. In 1978 I was appointed Vice President with total responsibility for completion, management and sale of projects valued at approximately $150,000,000. This included negotiations of all phases of disposition, including sales price, mortgages, release provisions and project viability in cases of purchase money mortgages. The corporation liquidated the projects and has now been dissolved. CIVIC ACTIVITIES COCONUT GROVE VILLAGE COUNCIL UNITED WAY OF BROWARD COUNTY BROWARD COMMITTEE OF IUD NATIONAL CENTER FOR MISSING & EXPLOITED CHILDREN U.S. JUSTICE DEPARTMENT EASTER SEALS OF DADE COUNTY DURBIN CROSSING COMMUNITY DEVELOPMENT DISTRICT WOODCREEK HOMEOWNERS ASSC. Councilman, past Chairman Board of Directors and Campaign Chairman for the Developer and Builder Divisions. Board of Directors and Chairman of the Sports Development Committee. Advisory Board, Consultant Co -Author - "When your Child is Missing: Family Survival Guide" Former member, Board of Directors Chairman President REFERENCES J. Larry Rutherford Atlantic Gulf Communities Former Chairman of the Board and CEO (1992-1999) Southstar Development Partners, Inc.; Chairman, CEO 255 Alhambra Circle, Suite 312 Coral Gables, FL 33134 305-476-1515 John Temple President Arvida Corporation (1982-1987) President The Temple Group 3300 NW Corporate Blvd., #238 Boca Raton, Florida 33431 407-997-8841 Wells Fargo Bank Bonnie Koenig, Vice President 561-338-3914 John Kozyak, ESQ Founding Partner Kozyak, Tropin, and Throckmorton Bankruptcy Attorneys 2525 Ponce de Leon Blvd, 91h Floor Coral Gables, Fl 33134 305 372 1800 Johanna Armengol Trial Attorney Office of the United States Trustee 51 SW First Ave, Suite 1204 Miami, F133130 305 5367285