Prior to founding Monge Capital, Jeff was Senior Vice President of Business Development for UrbanAmerica, L.P. (UA), a real estate investment firm focused on acquiring and developing commercial real estate in low to moderate income communities in major urban markets. Jeff was the primary originator of investment opportunities and managed the acquisition and development investment process with $520M under management. As an original member of the start up team (10 year tenure), Jeff designed and implemented business development strategies and streamlined a pipeline of over 2,500 investment opportunities lending to the acquisition and development of over 40 assets valued in excess of $2 billion. Jeff analyzed, structured and negotiated deals as well as managed underwriting for all development and redevelopment investment opportunities. Notably, Jeff expanded the firm's equity management platform to create a tax credit financing fee business by securing and managing approximately $200M in New Market Tax Credit (NMTC) allocations. Jeff sourced, negotiated and structured complex transactions for the NMTC fund creating a portfolio of over $450M in leveraged real estate transactions utilizing an array of financing including Section 108 CDBG financing and Historic Tax Credits. Jeff's efforts helped UA create over 5,000 jobs.
Jeff came to UrbanAmerica via the Upper Manhattan Empowerment Zone (UMEZ) where he served as the Director of Business Investments in charge of real estate investments and originations. UMEZ is federally designated to revitalize Upper Manhattan by investing $250M in economic development initiatives in the form of loans and grants. Jeff managed 18 deals totaling over $136M of public and private investments. Jeff structured, negotiated and closed investments with lending institutions and entrepreneurs as well as developed strategies for business origination to recruit retailers to Harlem including marketing presentations and cost savings analysis for clients based on low-cost financing, depreciation and tax incentives and access to real estate and financing. Efforts lead to the recruitment of Starbucks, Old Navy, the Disney Store, Citarella Fine Foods, Seaman's Furniture, Magic Johnson Theatres, and Duane Reade. Further, Jeff managed or participated in the financing of Upper Manhattan institutions like the Apollo Theater, Studio Museum in Harlem, El Museo del Barrio and Aaron Davis Hall.
Prior to his term with the UMEZ, Jeff worked with the East Harlem Neighborhood Advisory Council and Price Waterhouse in Hato Rey, Puerto Rico in Wealth Management/Private Banking Services.
Jeff has been a member or participant in various organizations including the New Market Tax Credit Coalition (board member), International Council of Shopping Center (10 year member), the Real Estate Executive Council and the New America Alliance.
Jeff holds a B.S. in Computer Engineering Technology and a M.S. in Business Management from the State University of New York, Utica/Rome.