Michael Hernstad has over 13 years of accounting and financial reporting experience specific to real estate transactions and valuation. As Director of Finance and Accounting, Michael brings a depth of experience of fund oversight with aggregate AUM of over $5B.
Watt Investment Partners
Prior to joining BKM Capital Partners, Hernstad served as Controller at Watt Investment Partners. Responsibilities included all accounting, financial management, and investor reporting, as well as financial aspects of asset management and various underwriting and due diligence activities.
In 2007, Hernstad joined Colony Capital as Director of Accounting and oversaw financial accounting, management and reporting for the firm’s funds and sponsored investments. During his six years with Colony, Hernstad developed and directed the reporting and back office operations for European and US real estate equity and distressed debt funds with aggregate assets under management in excess of $5 billion. He headed the distressed debt accounting department from its inception, which was responsible for financial accounting, management, reporting and analysis, and back office operations for Colony-sponsored US distressed debt investments.
Deloitte and Touche
In 2001, Hernstad began his career at Deloitte and Touche in South Africa and later transferred to Los Angeles where he was an audit manager in the real estate practice. During his six years with Deloitte, Hernstad served a number of major real estate companies as his clients and developed expertise in investment fund accounting, asset valuation, real estate transactions, and SEC filings.
Michael Hernstad earned both a Bachelor of Accounting and an Honors Bachelor of Accounting from the University of South Africa and is a Certified Public Accountant (inactive).