The Company and its construction and development affiliates are managed by a long term seasoned cohesive team of real estate and investment professionals, with expertise in deal structure, finance, acquisition and management. Below are the company principals:
Mission Statement: "Exceeding Our Client's Expectations for Service and Performance"
"Our mission is to provide service and performance beyond our client's expectations by creating real estate investment strategies delivered with the highest standards of excellence and integrity. We meet these expectations by creating and implementing client-focused real estate investment strategies, staying centered on what we know and understand, while maintaining ethical standards in our business practices."
Based in Los Angeles since 1985, DealPoint Merrill and its affiliates have established a long-term track record of success with a scope of operations encompassing development and construction for our own account, third-party asset and property management, as well as court appointment receiverships, commercial loan workout strategies and negotiation services to solve complex issues for property owners and investors. DealPoint Merrill is also an owner and operator of "value added" retail shopping center conversions and self-storage assets.
The senior management team and shareholders of the Company have collectively acquired, refinanced and sold major real estate assets in excess of $1 billion, inclusive of the development and redevelopment.
David Frank, Co-Founder, CEO
David Frank, CEO and co-founder of DealPoint Merrill started his career in real estate development after attending law school. Over the last 30 years Mr. Frank co-founded The Merrill Companies, and subsequently NewMark Merrill Companies, both privately held development, management, and leasing firms in Southern California. NewMark Merrill Companies acquired over 5 million square feet of retail shopping centers and development projects. The Company was ranked “Top 10 Property and development Firms” in the Los Angeles area by the LA Business Journal. Mr. Frank began to handle bankruptcy matters since 1982 and business reorganization as a Court Appointed Receiver; worked with the Federal Deposit Insurance Corporation with over 75 public or institutional clients, and appointed to over 400 cases. By working with banks and lending institutions nationwide on their default loan portfolios, Mr. Frank’s expertise had enabled the Company to diversify its management portfolio. Mr. Frank’s background in real estate development, law, brokerage, construction, asset and property management, positioned his Company to become one of the largest Federal and State Court Appointed Receivers in the nation for receivership and property management distressed portfolios. Continuing his retail, commercial, and multifamily development in program, DealPoint Merrill is a national sponsor of real estate development, asset and property management of commercial, retail, and multifamily units. Mr. Frank has been a member of ICSC (International Council of Shopping Centers) since 1985 and continues to support philanthropic organizations.
Sterling McGregor, Co-Founder, President
As President , Mr. McGregor is responsible for acquisitions and operations to include formulation of offering structures and products. Mr. McGregor has over 20 years of commercial real estate experience and capital markets experience. Over the past decade, he has acquired and financed 20+ million SF of commercial and multifamily properties with values in excess of $2.5 billion in structured real estate securities transactions. Previously, he was a founding shareholder and Chief Operating/Investment Officer of CORE Realty Holdings, a national real estate sponsor, with responsibilities for acquisitions, financing, asset and property management where he acquired $1.2 billion in real estate investments to include redevelopment of over 6,000 multi-family units. Mr. McGregor was also the Chief Operating/Investment Officer for several prominent national real estate sponsors to include a founding shareholder of a national real estate securities sponsor and successor in interest to Grubb and Ellis where he served on the board of directors for several of the company sponsored public REIT’s. Prior to his experience in the real estate securities industry, he was responsible for the management of several institutional quality portfolios with values in excess of $5 billion for Wells Fargo Bank, in addition to due diligence, financing and acquisitions for Cal Fed Syndications, a $1 billion publicly-traded NYSE-listed REIT. Mr. McGregor is a licensed 22, 63 and 7 Securities Representative, a California Real Estate Broker and a Certified General Appraiser (inactive) with a Bachelor’s Degree in Business Management and Finance.