Although Darryl's professional experience over the years has centered primarily on hospitality and golf-based projects, many of those assignments have included retail, office, parking, recreation, marina and other property types as important ancillary elements.
The skills set required to successfully deliver optimal results across various industry segments and property types is largely transferrable and Darryl is increasingly being considered for court appointments and workout assignments involving distressed real estate-backed loans in addition to hospitality and golf. Recent, current and pending engagements, among others, include the following:
Performed distress-priced raw land site selection due diligence in the Orlando and Raleigh market on behalf of a highly successful Central Florida-based real estate investor and developer of multifamily, office, retail and mixed use projects.
Provided pre-opening and consultancy services on behalf of the owner/developer of a Central Florida fractured mega-condo resort project (890 units) during his pre-packaged bankruptcy and the FDIC's takedown of the lead lender of a consortium of 65 banks.
Candidate for receivership assignment in Dade County for fiduciary purposes and to resolve impasse between 50/50 deadlocked owners of a Professional Employer Organization.
Candidiate for various receivership and out-of-court assignments in Central Florida on behalf of lenders with under- and non-performing loans in foreclosure proceedings or workout scenarios: 450-unit storage facility; retail and industrial strip center; small mixed use property; an unsold condo-structured project; others.
Performed purchase due diligence in the successful all-cash acquisition by a NYC-based private equity firm of a foreclosed Orlando 300-room resort from the special servicer out of a securitized pool of hotel assets.
Conducted a lending due diligence and construction management practices audit and complex forensic accounting assignment on behalf of one of the largest federally chartered credit unions in Florida ($1B+ in assets) with respect to its acquisition and redevelopment loan for a 130-unit Tampa area hotel in REO.
Served in an advisory capacity as restructuring officer, performed forensic accounting tasks, and was appointed as Receiver for a Florida coastal hotel property that is collateral for a non-performing loan held by a major national bank.
Candidate for the development team that will provide technical, pre-opening and related services for a to-be-developed casino resort in Oklahoma.