David J. Zak
David J. Zak is principal of Newport Capital Advisors ("NCA") a real estate investment and operating company based in Newport Beach, CA and formed in October 2002.
Mr. Zak is responsible for the overall execution of the company's various initiatives and business strategies. He maintains and assists in the expansion of the company's different types of capital sources from institutional to private equity and generally leads in the negotiation efforts on key value aspects of existing assets and in the acquisition of new properties.
Mr. Zak has over 30 years of real estate experience specifically in the areas of real estate finance and acquisitions, asset and portfolio management and project and corporate operations. Most recently he was Chief Operating Officer for Koll Bren Schreiber Realty Advisors ("KBS") in Newport Beach, California having helped form the company in June of 1993 assembling its asset management, disposition, accounting and reporting entities.
During his eight year tenure KBS invested approximately $4.25 billion in 35 states. Mr. Zak was a member of the investment committee and was responsible for all portfolios and assets under management as well as all disposition activities which totaled approximately $3.0 billion during this period. During this time the company developed approximately $250MM in new ground-up office and mixed use developments and additional $250-300MM of redevelopment of existing projects.
Mr. Zak also directly ran (4) portfolios valued at approximately $800 million, which included all commercial and income property product types ranging from Class A-C office, major industrial and retail centers, multi-family projects, hotel and marina properties as well as vacant land parcels and their entitlement efforts. Mr. Zak achieved returns on these portfolios which exceeded IRR's of 20% on an unleveraged basis the highest returns of the company's then 16 funds. He left KBS in April 2001.
Mr. Zak began his real estate career at W. Ross Campbell Company ("WRC"), a correspondent provider of equity, debt, and joint venture capital from insurance companies including: CIGNA, Metropolitan Life, Massachusetts Mutual, Prudential, Equitable Life and others. During his nearly 14 years at WRC, Mr. Zak ran the Orange County Office eventually becoming one of three primary owners of the company.
While at WRC, Mr. Zak provided over $1.25 billion in debt and equity capital to many of the top real estate operating companies in the West including: The Irvine Co., The Koll Co., Trammel Crow Co., the Segerstom Family, Donahue Schreiber, The Hahn Company (and TrizecHahn), and many others. Projects included The Irvine Co.'s Industrial Portfolio in the Spectrum, Koll Center Newport and Koll Center Irvine, The Center Tower Office project in South Coast Plaza, The Glendale Galleria; Tyler Mall; Huntington Center; The Fashion Show, Las Vegas; Ogden Mall in Utah; Oakwood Garden Apartments in locations throughout Southern California.