In 1991 real estate experts Howard Hallengren (Chairman) and Jack Miller (President) left Chase Manhattan Bank to found Falcon Real Estate, and they immediately began assembling a team of real estate professionals with broad and diverse experience. From the beginning of the company, Falcon has focused on providing a complete and comprehensive service to overseas investors in the U.S. real estate market. Many of the services provided to our clients are designed to be similar to those provided by international private banks, with an emphasis on a high level of individual attention. The real estate professionals on Falcon’s staff are selected because they understand the need to provide expert real estate advice to sophisticated institutional and high-net-worth individual investors globally. This fundamental approach has successfully attracted investors from around the world, enabling Falcon to carry out transactions on behalf of our clients totaling close to $7 billion since the formation of the company.
Falcon had operated as a partnership for many years but effective as of January 1, 2011, the company incorporated as Falcon Real Estate Investment Management, Ltd., appointing new directors and broadening the ownership of the company.
Management
Howard E. Hallengren
Chairman | Chief Executive Officer
Howard Hallengren has extensive management experience in the real estate investment field. Prior to forming Falcon, Mr. Hallengren was Chief Investment Officer and Product Manager for the International Private Banking Department of the Chase Manhattan Bank. In that capacity, he had overall responsibility for the bank’s real estate investments on behalf of non-U.S. investors, including the Chase Manhattan Real Estate Fund. Before joining Chase, Mr. Hallengren was Chief Investment Officer at The First National Bank of Chicago. During his tenure there, he also served as Chairman of the Real Estate Investment Committee, which supervised Real Estate Fund F, one of the first commingled funds for US employee benefit trusts. Mr. Hallengren is a graduate of Princeton University and received his master’s degree in business administration from the University of Chicago.
Scott Bennett
Chief Operating Officer
Scott Bennett is the Chief Operating Officer of Falcon Real Estate and has broad responsibilities in dealing with a wide range of operating matters affecting the company. He is also a member of the Executive Committee and of the Asset Management Committee. During his tenure with Falcon, Mr. Bennett has also managed several multi-family rental properties and new construction condominium developments. Prior to joining Falcon, Mr. Bennett was employed by the government of Ocean County, New Jersey, in its Department of Planning and Land Development, where he served as Director of Economic Development and General Manager of Ocean County Executive Airport. He received a bachelor’s degree in economics from the University of Connecticut. Mr. Bennett also earned top honors while receiving an MBA from Montclair State University in New Jersey.
Jack D. Miller
President
Jack Miller, who oversees all acquisitions at Falcon Real Estate, joined Falcon after serving as Manager of the Real Estate Investment Division within Private Banking International at the Chase Manhattan Bank. In that role, he had direct responsibility for property acquisition, property management and mortgage financing. Like Mr. Hallengren, Mr. Miller also came to Chase from The First National Bank of Chicago, where he served for ten years in the bank’s real estate investment division. He is a founding member of the Accounting Standards Committee of the National Council of Real Estate Investment Fiduciaries, which is the coordinating group that sets accounting standards for U.S. institutional investors. Mr. Miller received a Bachelor of Science degree in accounting and a master of finance in real estate from De Paul University, as well as a master’s degree in business administration from the University of Chicago.
Scott A. Sweeney
Executive Vice President | Head of Asset Management
Scott Sweeney is responsible for the asset management activities of the company, and is also active in marketing Falcon’s services in the Middle East. Located in Falcon’s San Diego, California office, Mr. Sweeney is responsible for directing the management and leasing efforts of the properties for which Falcon has responsibility. He was formerly with Fenton-Western Properties, San Diego, as a real estate asset manager from 1990 to 1993, and was a vice president with a subsidiary of Cornerstone Bank in Orange County, California, as an asset manager, from 1985 to 1990. Mr. Sweeney has a Certified Property Manager designation from the Institute of Real Estate Management and is a licensed real estate broker in the state of California. He received a bachelor of business administration degree from the University of San Diego.
Amaury de Parcevaux
Senior Vice President | Chief Marketing Officer
Amaury de Parcevaux is Senior Vice President for Falcon and he is based in New York. As Chief Marketing Officer, he has overall responsibility for the Global marketing strategy of Falcon's direct and indirect investments platforms. Mr. de Parcevaux has had over 18 years experience in marketing to high-net-worth individuals, and comes to Falcon from Morgan Stanley, where he was a First Vice President in the Wealth Management department. Prior to that, he worked in the Private Banking department of Merrill Lynch, at Citibank and Deutsche Bank in New York, and at Commerzbank and Deutsche Bank in Frankfurt. Mr. de Parcevaux sits on the Board of Directors of AFIRE and on the Advisory Board of the first Global Real Estate Master Program. He graduated from the European Business School (Oestrich-Winkel, Paris and London) and is currently enrolled in the MIT Executive MBA. In addition to French and English, Mr. de Parcevaux is also fluent in German.
Kenneth C. Lorman
Senior Vice President | Senior Acquisition Officer
Kenneth Lorman is a Senior Vice President and Senior Acquisitions Officer for Falcon Real Estate located in the company’s New York office. He is specifically responsible for property acquisitions in the Eastern section of the United States, with a focus on New York City and Boston and their immediate suburban areas. He also supervises acquisitions in Miami and the southeastern section of the country. In addition, Mr. Lorman plays an active role in supporting Falcon’s new business activities. He joined Falcon in 1998, prior to which he was a ratings analyst with Standard & Poor’s in New York City. In 1997 he earned a masters degree in real estate investment from New York University. Mr. Lorman graduated from Lehigh University in 1988 with a Bachelor of Science degree in accounting, and he is a Certified Public Accountant.
Norman Hill
First Vice President | Chief Financial Officer
Serving as First Vice President and Chief Financial Officer out of Falcon’s Dallas, Texas office, Norman Hill has overall supervisory responsibility for the company’s financial accounting, reporting and analysis functions. Mr. Hill joined Falcon in August 2002 with fourteen years experience in the commercial real estate industry, nine of which were in financial accounting. Prior to joining Falcon, Mr. Hill worked with L&B Realty Advisors, Inc. a Dallas based national real estate advisory firm serving institutional clients. During his tenure with the firm, he served in a variety of positions including associate asset manager, associate portfolio manager, financial systems manager and property controller. A graduate of Texas Tech University, Mr. Hill has a bachelor of business administration degree in finance.
Marketing Staff
The Marketing Staff is headed by Amaury de Parcevaux. In addition, Jack Miller, President, Scott Sweeney, Executive Vice President, and Ken Lorman, Senior Vice President, have important marketing roles.
Dan Stockalper
Vice President
Dan Stockalper is the Middle East Marketing Representative for Falcon. He has responsibility for business development and client relationships in Kuwait, Bahrain and other countries in the Middle East. Mr. Stockalper has 25 years of experience in the region, having spent 14 years with Credit Suisse (1986-2000) based in Switzerland and the Middle East focusing on private clients in Kuwait, Bahrain, Qatar and Oman. In 2000, Mr. Stockalper became the Head of Private Banking for Ahli United Bank in Kuwait and was responsible for developing a team dedicated to the investment needs of the bank's private clients. Since 2003, as the President of Securinvest Consultants, Inc., Mr. Stockalper has been providing investment consulting services across all major asset classes to high net worth individuals and institutions in the Middle East. Mr. Stockalper has a Bachelor of Business Administration degree, with Magna Cum Laude distinction, from National University in San Diego, California. In addition to English, he is also fluent in French and Italian.
Acquisition Staff
In addition to those listed below, acquisitions are also handled by Jack Miller, President, Ken Lorman, Senior Vice President and by David Hill:
Adam E. Doud
Vice President
Adam Doud joined Falcon’s San Diego office as the company’s West Coast Acquisitions Representative in 2002. He is responsible for reviewing potential investments and coordinating property purchases in such major real estate markets as Los Angeles, San Francisco, Seattle, Phoenix and Orange County. Prior to joining Falcon, Mr. Doud worked with CB Richard Ellis and Colliers International, both major real estate brokerage firms in Southern California. He received his bachelor’s degree from the University of California, San Diego and received a master’s degree in real estate finance from San Diego State University in 2003.
Asset Management Staff
The Asset Management Staff is headed by Scott Sweeney, Executive Vice President.
Carl Omark
Vice President
Carl Omark is a Vice President and Asset Manager in Falcon's New York office. Carl is responsible for managing a portfolio of properties on the East Coast and in the Midwest. Prior to joining Falcon in 2003, Carl spent 17 years with Devon Properties, a New York based real estate investment management company, handling assets on behalf of European investors. Carl also worked for the Rouse Company in New York as Controller for the South Street Seaport. Carl received a bachelor's degree in accounting from Rutgers University and an MBA from Montclair State University with a dual concentration in finance and management. Carl has continued his real estate education at the MIT Center for Real Estate in Cambridge, Massachusetts.
Laurence A. Welsh
Vice President
Laurence Welsh, located in Falcon’s Washington, DC office, is responsible for handling a wide variety of asset management assignments. Before joining Falcon, Mr. Welsh managed a 1.2 million square foot portfolio of commercial office space in Northern Virginia for TrizecHahn Office Properties. Prior to that, he was responsible for financial, operational and physical review and analysis for Cassidy & Pinkard, a boutique brokerage firm in the Washington, DC area. His initial real estate experience came from several years spent working with Heitman Financial, a Chicago based real estate investment company. Mr. Welsh, who is a licensed real estate broker in the District of Columbia, Virginia and Maryland, received a bachelor of arts degree in communication with a minor in business administration from George Mason University in Fairfax, Virginia. Mr. Welsh received his Masters Degree in Real Estate from Johns Hopkins University in 2003.
Timothy P. Puhek
Vice President
Timothy Puhek is a Vice President and Asset Manager for Falcon Real Estate located in Falcon’s San Diego, California office. He is responsible for asset management of a diverse commercial portfolio which includes single and multi-tenant office, multi-tenant retail, and industrial properties. Mr. Puhek oversees assets in the western region, primarily covering properties located in the states of California, Oregon, Arizona, and Washington. Prior to joining Falcon in 2000, Mr. Puhek was a senior property manager with Morris Piha Real Estate Services in Seattle, Washington for 6 years. He is a graduate of the University of Washington with a Bachelor of Society and Justice degree. Mr. Puhek is also a licensed real estate agent and a Notary Public.
Accounting Staff
The Accounting Staff is headed by Norman Hill, First Vice President.
David A. Hill
Certified Public Accountant
Located in Falcon's Dallas, Texas office, David Hill provides advice and guidance for the accounting and tax structuring activities for all of the properties and holding companies managed by Falcon. He is also involved in property acquisition in the southwestern states and in Washington D.C. Mr. Hill has been working in the Texas real estate market since 1979. He is a Certified Public Accountant, formerly employed at Arthur Andersen & Company, and he is a licensed real estate broker. From 1984 to 1990, he was the chief financial officer of Arthur-Sterritt Partners, a diversified real estate development company, and was President of their property management division. Mr. Hill has both a bachelor and a master of business administration degree from the College of William and Mary in Virginia.
Angela D. Bleckner
Senior Accountant
Angie Bleckner has had over 25 years accounting experience in the commercial real estate industry. Immediately before joining Falcon, she spent seven years with Centre Companies in Dallas as an accounting supervisor. Prior to that, she worked at both Fults Realty Corporation and Trammel Crow and was responsible in both positions for the preparation and analysis of monthly financial statements and property budget preparation. Ms. Bleckner is responsible for all accounting related activities for a portfolio of properties managed by Falcon Real Estate on the East Coast and in the Midwest along with reporting to clients invested in Falcon syndicated transactions. She has a Bachelors of Business Administration degree from Stephen F. Austin State University and is a licensed real estate salesperson in Texas.
Tamela Newton
Accountant
Tamela Newton has over 15 years of accounting experience. She began focusing on real estate accounting in 2004 when working for Centre Companies in Dallas. In that position she supervised the maintenance and preparation of financial statements and reports for approximately fifteen office and retail properties. Immediately prior to that, she worked for United Metal Fabricators as a bookkeeper, where her duties included accounts receivable, accounts payable, billing, and payroll. She joined Falcon’s Dallas accounting unit in 2006 and is currently responsible for accounting related activities for a portfolio of properties managed by Falcon. Ms. Newton has a Bachelor of Business Administration and Management degree from Northwood University. She is currently enrolled at Texas Women’s University pursuing her Master of Business Administration with an accounting emphasis. She anticipates sitting for the CPA exam in 2010.