Situs Leadership Averages More than 20 Years of Experience
Steven J. Powel
Chief Executive Officer
Steven J. Powel is Chief Executive Officer and founding member of Situs. With more than 30 years of experience in the commercial real estate industry, he is responsible for both the strategic direction and market positioning of the firm. Mr. Powel has been instrumental in Situs’ growth over the past two decades and its standing as one of the preeminent financial service providers to the capital markets and banking industry. Under Mr. Powel’s guidance, Situs has continued to deliver consistent, high-quality professional advisory services, in a cost-efficient business model, while also increasing shareholder value year after year. He was the chief sponsor in the development and implementation of a structured, in-house educational platform, Situs University, which has been a key element to the Company’s scalability. He also spearheaded Situs’ staffing augmentation business, and introduced several technological advances through software development and investments that have led to process improvement, throughout the life cycle of commercial real estate lending industry. Commencing in 2004, he oversaw Situs’ global expansion, developing a unique client focused dedicated platform, which has become an industry accepted standard for deal execution in the commercial real estate capital markets industry. Prior to joining Situs, Mr. Powel was a managing partner in a commercial real estate valuation and consulting firm, which was focused on complex valuation issues, such as bankruptcy, liquidation, highest and best use, ad valorem taxation and cost segregation on a nationwide basis. Among his affiliations, Mr. Powel is a strategic advisor to Report Builder, a commercial real estate appraisal software company; CJC Technologies, creator of Closer (Commercial Loan Origination & Asset Management) software; and Situs Insight, a commercial real estate market information portal. Furthermore, he is a member of the Mortgage Bankers Association, the Commercial Real Estate Finance Council and other industry-related client advisory groups. He also serves as an active Board Member of Situs.
President and COO
Nick Rudenstine is the President and Chief Operating Officer (COO) of Situs. In this role, Mr. Rudenstine has responsibility for Situs’ business lines globally, as well as key functions of the firm. Mr. Rudenstine focuses on strategic priorities to help clients grow their business, increase flexibility and profitability as well as manage risk.
Prior to joining Situs, Mr. Rudenstine was a senior executive at JPMorgan where he successfully managed some of the firm’s largest operating services and markets-related businesses. Most recently he was global head of JPMorgan’s Custody & Fund Services business, with $21 trillion of Assets under Custody and a presence in over 100 markets around the world. Before joining JPMorgan, Mr. Rudenstine was an investment professional at Stone Point Capital and prior to that was in the M&A group at Smith Barney.
Chief Financial Officer
Dave joined Situs in 2017 bringing over 25 years of financial, accounting and mergers and acquisitions experience to the role. Dave oversees the treasury, accounting and planning and analysis functions. Prior to joining Situs, for the past eight years, Mr. DeClark served as CFO of StoneRiver, a private equity owned technology-enabled outsourcing and technology development company serving the property & casualty and life insurance industries. Prior to his tenure with StoneRiver, he held division CFO and investor relations positions with Fiserv (NASDAQ: FISV). Mr. DeClark worked in public accounting for ten years with KPMG and Ernst & Young. He is a CPA and obtained his Master of Business Administration.
Executive Managing Director
US Advisory & Business Development
Steven L. Bean, CFA, serves as Executive Managing Director and is responsible for leading Situs’ Business Development and Advisory teams. Situs’ advisory services include commercial real estate due diligence and financial institutions consulting practices. Steven has more than 30 years of experience in the financial services industry. Prior to joining Situs in 2006, Steven was Senior Vice President for Global Realty Outsourcing, where he led the commercial real estate capital markets division and built a team combining on-shore and off-shore staff. Steven was a key leader in the management team that expanded the off-shore service delivery platform of the company from 50 to over 1,500 trained personnel in three years. Additionally, Steven held senior leadership positions at GMAC-CM MortgageRamp (formerly Univest Financial Services) and the Office of Thrift Supervision/FHLB-Atlanta. He graduated from the University of North Carolina at Chapel Hill with a Bachelor of Science-Business Administration, and holds the Chartered Financial Analyst (CFA) designation. Additionally, Steven is a member of the Commercial Board of Governors at the Mortgage Bankers Association and the Advisory Board of the Leonard W. Wood Center for Real Estate Studies at the University of North Carolina’s Kenan-Flagler Business School.
Susan E. Bow
Susan E. Bow is responsible for the management of all legal and compliance activities for MountainView and the company’s administrative functions. Before joining MountainView in 2009, Ms. Bow served as Senior Managing Director, General Counsel (corporate and securities) at Countrywide Financial Corporation. Prior to her position with Countrywide, Susan was in private legal practice. She earned an AB degree in English from Albion College and a JD degree from Boston College Law School. Susan holds Series 7, 24 and 63 securities licenses.
Head of CRE Transaction Services
Sandip Sahni is an Executive Managing Director of Platform, Asset Management and Advisory Businesses at Situs. Prior to working at Situs, Mr. Sahni worked at Tata Consulting Services (“TCS”), where he was leading TCS’ Business Process Services’ sales, client management, strategy and operations of its financial services division focused on banks and insurance companies in North America. Mr. Sahni was at TCS for nine years and, before that he was a key leader at Citigroup’s business process services division for 10 years before ultimately managing its sale to TCS.
Kenneth Riggs, Jr
President Situs RERC
CFA, CRE, MAI, FRICS
Kenneth Riggs, Jr. has served as president of Real Estate Research Corporation (RERC) since 1991. Under the direction of Mr. Riggs, RERC has continued its prominent position within the real estate industry as the source for independent investment criteria and one of the leaders in research, valuation, valuation management, independent fiduciary services, technology solutions, and consulting for institutional investors.
Mr. Riggs has long been recognized for bringing sophisticated and solid research to the real estate industry. He spearheaded the primary research behind Emerging Trends in Real Estate until 2000, and serves as publisher of the RERC Real Estate Report and as co-publisher of Expectations & Market Realities in Real Estate, an annual forecast report. He has been published and quoted in numerous industry-related and mainstream news sources such as The Wall Street Journal, CNN Money, Bloomberg News, GlobeSt.com, Mortgage Banking, Pensions&Investments, Real Estate Issues, and the Chicago Tribune, among others.
As one of the nation’s leading spokespersons on trends analysis, Mr. Riggs has been a featured national and regional speaker for the National Association of REALTORS®, Pension Real Estate Association, Institute of Real Estate Management, The Counselors of Real Estate, and other organizations and firms.
Before joining RERC, Mr. Riggs served as director/senior manager of real estate consulting for Deloitte & Touche. Prior to joining the public accounting firm, he founded and was a partner of Houston Property Consultants.
Executive Managing Director
MountainView Financial Solutions
Michael P. Morgan is responsible for the oversight and strategic direction of MountainView. Before joining MountainView, Mike was an investment banker with Jefferies and Company from 1998 to 2007 and acted as a financial advisor to MountainView’s predecessor. He began his career as an attorney, specializing in secondary mortgage market transactions, and practiced law from 1985 to 1998. Mike earned a Bachelor of Accountancy degree from the University of Mississippi, a JD degree from the University of Mississippi School of Law, and a Master of Laws in Taxation degree from the University of Florida School of Law. He holds Series 7, 24 and 63 securities licenses.
The Collingwood Group
Brian O’Reilly is a Managing Director at Situs and President of The Collingwood Group, which he co-founded in 2009. O’Reilly was co-founder and managing director of the firm’s predecessor, Capital Financial Solutions. Earlier he was Fannie Mae’s Director of Automated Underwriting and Risk Management Solutions, where he managed several customer-facing technologies and the development and launch of the company’s anti-fraud solution. Before joining Fannie Mae, O’Reilly served as Executive Vice President and General Counsel to Mortgage Capital Investors and practiced law with several international law firms.
Head of Europe
+44 (0) 20 7220 1854
Lisa Williams, based in London, is the head of Situs Europe. Ms. Williams has more than 15 years of commercial real estate servicing experience in the banking and financial industry. Prior to joining Situs, Ms. Williams spent six years at Capmark Finance Inc. (now known as Capita), overseeing the portfolio management of a Pan-European commercial portfolio in excess of €52 billion. She is an active member of CREFC Europe, serving on its board of directors and co-chairing of the CRE finance council servicing committee.
Global Head of Marketing
Andy Garrett serves as Situs’s Global Head of Marketing, focusing on strengthening the firm’s brand in the marketplace and helping drive business growth. Mr. Garrett is responsible for brand, advertising, content marketing, social media, digital marketing, media relations, and corporate communications.
Mr. Garrett joined Situs from CBRE where he served as the Head of Brand Marketing, leading the company’s brand building efforts globally. Prior to CBRE, he led a number of high-profile accounts at BBDO, one of the world’s top advertising agencies, including Johnson & Johnson and New York State’s I Love NY tourism campaigns. Before joining BBDO, Mr. Garrett was on the sales team at Ethicon Women’s Health & Urology, a medical device division of Johnson & Johnson.
Mr. Garrett is an alumni of Westmont College in Santa Barbara, CA.
Chief Information Officer
As CIO, James Watson provides leadership, coordination and management for all aspects of the firms IT infrastructure, operations and technology solutions. In this role Mr. Watson oversees the implementation and maintenance of secure systems and services that meet the business needs of Situs and its clients. Prior to joining Situs, Mr. Watson was the CIO at a global supplier to oil and gas service manufacturers. Previously, Mr. Watson held technology roles in multiple industries including stints at Hines and General Electric as well as serving on the board for Quest International. Mr. Watson is a licensed CPA and holds a BS in Accounting and a MBA.
Paul Flavin is a Recruiting Director at Situs, based out of the New York office. Mr. Flavin leads recruiting for several divisions, specifically Hanover Street Capital, Situs’ Financial Institutions Group and Project Consulting division. He also oversees recruiting for Situs’ CRE Platform solutions for a large number of clients. Prior to joining Situs, Mr. Flavin was the Resourcing Director at various companies such as Macquarie Group and Korn/Ferry Futurestep in New York. He is originally from the UK, and holds over ten years of experience in recruitment management in London at established companies like PricewaterhouseCoopers, KPMG, Alexander Mann Solutions, and Barclays. He graduated with honors from the University of Salford, where he received a Bachelor’s degree in Business Studies.
Global Head of Business Development
Mr. Phillips is a Managing Director and Head of Business Development at Situs. Based in the New York office, Mr. Phillips is responsible for expanding Situs’ client base and driving growth across all U.S. solutions including CRE Advisory, Financial Institutions Group, Asset/Loan Servicing, Consulting Solutions, Valuations Services and Technology. Prior to joining Situs, Mr. Phillips was Head of Enterprise Sales at CompStak, where he oversaw significant revenue growth and added a roster of blue chip clients. Previously, Mr. Phillips was a Managing Director within Newmark Grubb Knight Frank’s Capital Markets Group specializing in Loan Sale Advisory. His team was responsible for the valuation and sale of several billion dollars of non-performing assets. A graduate of the University of Wales, Cardiff, Mr. Phillips holds a B.A. (Honors) in Politics with Journalism.