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NYC Opportunity Fund, LLC
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=== Principals === '''Stephen DeNardo''' is Chief Executive Officer of RiverOak, which he founded in 1999. During the past three decades, Mr. DeNardo has successfully been involved in all phases of real estate investing, development and management across all asset types. As a partner or principal in two national companies and a senior member of the management team in two additional companies, his experience includes more than $10 billion of acquisition, disposition, development and financing of commercial real estate throughout the United States and Canada. Mr. DeNardo also serves on the Brookfield Property Partners Board and is the Chairman of its Audit Committee. Prior to founding RiverOak, Mr. DeNardo was Partner and Senior Vice President of ING Realty Partners, where he managed a $1.5 billion portfolio in the U.S. and Canada. Before joining ING Realty, he was President of ARES Realty Capital, a division of Mutual of NY, where he led the turnaround team and managed a $7 billion portfolio of diversified debt and equity assets, and a Partner at First Winthrop Corporation, where he was responsible for 30 million square feet of commercial real estate across the U.S. Mr. DeNardo started his real estate career in New York City managing the Chrysler Building. He has held a license as a Certified Public Accountant since 1978 and received a B.S. in Accounting from Fairleigh Dickinson University. '''James Nelson''' has served as a Principal and Head of Avison Young’s Tri-State Investment Sales group since February 2018, where he leads a group of three dozen professionals in the sale of multi-family, office, development and retail properties. Prior to joining Avison Young, James served as Vice Chairman of Cushman & Wakefield from 2015 until 2018, where his team was ranked the number one investment sales broker nationwide in 2016. Previously, James was a partner at Massey Knakal and was named the company’s youngest partner in 2004. James has also served as a Principal of River Oak NYC I, LLC since 2012 and River Oak NYC II, LLC since 2015. Each of these entities are private equity funds focused on multifamily properties in New York City. Throughout his over 20-year career, James has been involved in the sale of approximately 500 property and loan sales for an aggregate value of over $5 billion dollars. James is the Chairman of REBNY’s Commercial Board of Directors, on the Board of Governors for the Young Men’s/Women’s Real Estate Association of New York (YMWREA) and is a Board Member of the Counselors of Real Estate and SparkYouth NYC. '''Derek Eakin''' is Senior Vice President of RiverOak. As a member of the investment and asset management team, Mr. Eakin is responsible for sourcing and acquiring potential new opportunities as well as monitoring all aspects of financial and asset management support for the Company’s portfolio holdings. Prior to joining RiverOak, Mr. Eakin consulted with Starwood Capital Group and Luzern Associates. He was also a member of an investment sales brokerage team at Cushman & Wakefield in East Rutherford, New Jersey and a member of the production team at Goedecke & Co., LP’s mortgage brokerage firm. Mr. Eakin began his career in public accounting at PricewaterhouseCoopers, LLP, working primarily on institutional real estate assignments with the Boston Real Estate Group. He graduated with honors from the University of Connecticut with a B.S. in Accounting and a Masters in Accountancy.
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