1754 PROPERTIES LLC
WESTON, FLORIDA

1754 Properties LLC is an institutional owner and operator of hotels and apartment communities in urban locations with populations exceeding one million inhabitants. The firm was founded by Joseph Smith, an institutional owner of hotel and multifamily properties for nearly 20 years. 1754 Properties’ founder, Joseph Smith, has a record of owning over 50 institutional grade properties in 22 states throughout the United States. His experience includes the establishment of a series of investment funds comprised of renowned investors such as private pension plans of Fortune 500 companies, public pension plans, endowments of large and well regarded universities and high net worth family offices. Over the approximate 12 years at his prior firm, his partner and he grew the company from a business concept to a portfolio exceeding $1.5 billion in capitalization, which included more than 30 hotels, 2,000 multifamily units, 5 million square feet of industrial and retail properties and several hundred acres of land. Among the transactions Mr. Smith consummated were non-performing note purchases, acquisition and renovations, new developments, hotel rebrandings, the purchase of a military installation from the US Navy, brown field redevelopments, and various other opportunistic investments. 1754 Properties focuses on real estate assets ranging from $15 million to $100 million in urban areas with populations exceeding one million residents and seeks to identify properties which exhibit a repositioning potential where 1754 Properties can create value by implementing a hands-on business plan to rectify temporary issues which obscure an asset’s intrinsic value. When repositioned, these assets are anticipated to generally produce annual returns in excess of 17%. Before the onset of the recession, Mr. Smith’s predecessor portfolio had produced a 36% internal rate of return and an aggregate multiple on invested capital of 2.2x on its realized investments. is the founder and CEO of 1754 Properties LLC. Prior to founding 1754, Mr. Smith was a founding principal of Glenmont Capital Management LLC, an institutional real estate investment firm which began in 2001 and consummated $1.5 billion in assets in over 20 states across the country by the time Mr. Smith left, some 12 years later. Before Glenmont, Mr. Smith was at Deutsche Bank / Bankers Trust, where he was involved in more than $150 million of both real estate debt and private equity investments in properties around the United States, including acquisitions of distressed debt encumbered by real estate. Prior to his time at Deutsche Bank, Mr. Smith was an investment banker in the hotel group at Banc of America Merrill Lynch (at the time called Montgomery Securities), where he worked on more than 30 real estate transactions representing more than $3 billion. His experience includes transactions in mergers and acquisitions, public equity offerings and high-yield bond offerings. Mr. Smith graduated with an MBA from Columbia Business School and earned a BS in finance, with honors, from Santa Clara University. He is a member of Beta Gamma Sigma at both universities. Mr. Smith is a founding member of the real estate circle board and a member of the advisory board of the real estate program at Columbia Business School . He speaks on the investment in distressed real estate at Columbia Business School regularly and serves the Columbia community in various other capacities. Mr. Smith has also served on panels at Harvard Business School regarding entrepreneurship in real estate. Mr. Smith has a working knowledge of Spanish. 1754 Properties LLC is an institutional owner and operator of hotels and apartment communities in urban locations with populations exceeding one million inhabitants. The firm was founded by Joseph Smith, an institutional owner of hotel and multifamily properties for nearly 20 years. 1754 Properties LLC is an institutional owner and operator of hotels and apartment communities in urban locations with populations exceeding one million inhabitants. The firm was founded by Joseph Smith, an institutional owner of hotel and multifamily properties for nearly 20 years. 1754 Properties LLC is an institutional real estate investment and ownership company focused on hotel and multifamily properties in urban areas with populations exceeding one million inhabitants.