As AMC’s founder, President and CEO, Jim has overseen and directed the Company since its incorporation in 1983.
In 1991, Western Federal Savings Bank recruited Jim to organize, staff and manage its Multi-Family and Commercial REO Department. During Jim’s tenure at Western Federal, AMC’s acquisition program was dormant, but AMC continued to be involved in real estate related activities. Jim oversaw the management and sale of Western Federal’s commercial REO portfolio and served as a voting member of the Senior Credit Review Committee and the Senior Management Advisory Committee.
The Resolution Trust Corporation (“RTC”) took over Western Federal in 1993 and Jim was one of two senior managers retained to provide leadership and expertise to ensure a smooth transition and successful disposition of the balance of the non-performing loans and REO properties. Jim’s staff, which included AMC team members Russ Hardt and Kenneth Levine, was acknowledged for developing and implementing one of the RTC’s most successful in-house marketing programs in its history.
In 1995, AMC changed its focus to doing workouts wherein AMC represented commercial real estate owners who were in default or faced serious economic problems in workout negotiations with their lenders. AMC was recognized and endorsed by all of the major commercial real estate brokerage companies, including Grubb & Ellis, CB Richard Ellis, Marcus & Millichap, Sperry Van Ness, Voit Commercial, Lee & Associates, and Capital Commercial. The relationships formed with these commercial real estate brokers provided Jim and AMC with unparalleled relationships in the commercial real estate community.
As the global economic downturn that occurred in 2008/2009 began to recover, AMC changed its focus to locating joint venture transactions that sought to provide mitigation of risk and steady cash flow. AMC began providing investors with opportunities to invest in transactions with select joint venture partners in the acquisition of a variety of commercial property types throughout the United States.
AMC’s success has stemmed from Jim and his talented team’s ability adapt to the ever-changing commercial real estate market, while continuing to locate quality real estate investments that satisfy AMC’s investment criteria and its goals for strong returns on investment and mitigation of risk.