Serving as Director of Property Accounting, Rene Velasquez applies his 30 years of experience to oversee the financing activities and accounting operations of BKM Capital Partners. His responsibilities include risk management, investment strategy, tax structure and compliance, financial and investor reporting, operating budgets, CAM reconciliations and auditing. Velasquez also contributes his broad expertise in deal underwriting, feasibility studies, loan negotiations and acquisitions.
Velasquez is also the sole principal and founder of Proforma Plus. Since 1989, Proforma Plus has been providing financial, analytical and asset management services for commercial owners, developers and brokers, including Northwestern Mutual, Grubb & Ellis, Lee & Associates, Voit Real Estate Services, Jones Lang LaSalle, Charles Dunn and many others. These clients rely on Velasquez for annual evaluations, property-level and partnership-level reporting, and/or treasury management of portfolios up to $250 million each. These portfolios generate approximately $5.0 million in cash transactions each month across nearly 50 individual accounts managed by Velasquez. He has also been involved in the feasibility, acquisition and underwriting of over 1.5 billion square feet of office, industrial, retail, hotel, public facilities, multifamily, self-storage, ground leases, land development and residential track developments throughout the United States. With 30 years of experience, he has immense exposure and integral participation in a wide range of real estate product type transactions and has been highly regarded as an invaluable asset by key real estate investors, owners and developers in Western States.
From 2003 to 2008, Velasquez served as Chief Financial Officer for BKM Development Company, owned by Brian Malliet. BKM Development specialized in acquisitions, construction and development, property repositioning and asset management services. As the CFO, he resourcefully leveraged technologies and successfully established the platform for financial and investor reporting. In addition, he consulted in the investment strategies, solidified banking relationships and provided risk analysis for the entire portfolio of more than $300 million of office and industrial properties in Southern California. The partnership with Malliet continued at Voit Real Estate Services in 2009, where Velasquez provided analytical support for the brokerage and the asset management divisions across geographic regions.
After graduating with degrees in Finance and Economics from California State University, Fullerton, Velasquez gained early experience working for large financial institutions, including Shearson Lehman American Express, Crocker Bank and Wells Fargo Bank.