CO-FOUNDER, Managing Partner
Alex is the founding partner, Chief Executive Officer of CEDARst Companies. Over the past ten years, Mr. Samoylovich has sourced, invested in and managed in excess of hundreds of transactions and has been instrumental in the acquisition and disposition of real estate with a value in over $1 billion.
Utilizing a “fully integrated real estate development” (IRED) approach, Mr. Samoylovich and his partners have seamlessly interwoven acquisition, construction, finance, management, interior design and marketing under one company. In the past 15 years, CEDARst is considered one of the most active acquirers of distressed assets in the greater Chicago area.
Under Mr. Samoylovich’s leadership, the company has carved out a niche strategy for the adaptive reuse of underperforming assets through bankruptcies, foreclosure, note purchases, and other distressed situations in the Chicago area; covering a span of product types from multifamily, office, mixed-use, and hospitality. Mr. Samoylovich has cemented a well-earned reputation as a tenacious deal maker capable of closing the most complex and demanding real estate transactions and returning superior risk-adjusted returns to his investors.
Prior to entering real estate, Mr. Samoylovich was an accomplished equity and options trader. During this time, he developed a keen understanding of market psychology and timing which he forayed into a successful “short” strategy in residential real estate just prior to the recession. Mr. Samoylovich attended DePaul University and is currently a member of the Young Presidents’ Organization (YPO) and the Economic Club of Chicago (ECC). In 2016, he was named one of Crain’s 40 Under 40.
n Friday, January 8, 2016, CEDARst lost our dear friend and colleague, Jay Michael. Jay was a visionary in the truest sense of the word; he only saw possibilities and he was steadfast in bringing his ideas to life. Jay led by example, fighting feverishly each and every day for all of the things in this world that he wanted to improve. As the co-founder of CEDARst, he was constantly bucking real estate and design conventions, religiously following his intuition as he developed new and better ways to live. After all, Jay wasn’t merely developing real estate, he was creating spaces that fostered community and platforms for creative spirits to thrive.
Jay was a founding partner and Chief Marketing & Innovation Officer at CEDARst Companies. With his first major publication at 23-years-old, Jay had widespread recognition for interior design excellence. Jay had employed these skills in redeveloping over 1,000,000 square feet of space over the past 10 years. Utilizing an “integrated real estate developer” (IRED) approach, Jay and his partners have seamlessly interwoven acquisition, design/architecture, construction, finance, management, and marketing under one company.
In the past 5 years, CEDARst has been one of the most active developers of distressed assets in the Chicago market. With Jay’s leadership, the Company continues to receive national notoriety with media and brand outlets such as Bloomberg, Bravo TV, CB2, Bloomingdales Home, Crain’s Business, Chicago Sun-Times, Better Homes & Gardens, and Renovation Style.
Prior to entering real estate, Jay worked for CNBC Europe’s London Headquarters where he was trained in contract negotiation and sales within their network and distribution department. During this time, Jay developed a strong understanding of sales and marketing within a global marketplace. Jay held English and American degrees from Richmond, The American International University of London, and was involved in several philanthropic organizations throughout Chicago such as The Presidents Counsel for The Museum of Science and Industry.
Will Murphy is a Managing Partner with CEDARst Companies responsible for all aspects of the development process and the ongoing management of its portfolio, with a market cap in excess of $1 billion. CEDARst Companies is a fully integrated commercial real estate firm with a focus on development, general contracting and property management.
Will has over 15 years of commercial real estate experience in development and finance. Prior to joining CEDARst, Will was an Associate Director within the Real Estate Capital Markets Group of Barclays Capital, the investment banking division of Barclays Bank headquartered in London, England. Most recently, Will was a Senior Vice President at Cole Taylor Bank, a regional bank headquartered in Chicago, IL. Over his career, Will has been involved in the acquisition, finance and development of $3 billion in commercial real estate transactions across all asset classes in every major domestic market.
Will holds degrees in real estate and finance from the Business School at The University of Wisconsin. He serves on the Board of Advisors of the James A. Graaskamp Center for Real Estate at the University of Wisconsin and is an active member of the Urban Land Institute. A frequent speaker on the development process, prior engagements include: REIA, Bisnow, Jones Lange LaSalle, the Urban Land Institute, University of Wisconsin-Madison, and DePaul University.
Will resides in Lincoln Park with his wife Alexandra and three children.
Mark is a partner with CEDARst Companies and is responsible for coordinating and supervising design, construction and development operations. Mark stays fully involved in the day-to-day design and construction activities, while focusing on progressively growing the company’s operation. Mark has been active in the office, commercial, retail, industrial and residential real estate industry for 15 years. He has personally been responsible for projects in excess of $200 million. Prior to CEDARst, Mark held a position as Vice President at Summit Design + Build.
Specializing in urban infill, new construction and historical preservation, Mark provides a new life to all projects and urban developments. By carefully balancing the intimate details of concept, space, constructability and financial feasibility, Mark and his team have successfully completed a variety of multi-family, commercial, and historical preservation projects while executing at the highest level.
Mark is a LEED Accredited Professional and holds a Bachelor of Science degree in Industrial Engineering and a Certificate of Business from University of Wisconsin- Madison.
Erik is the Managing Director at CEDARst Companies. He brings more than a decade of commercial real estate experience in acquisitions, capital structuring and asset management. Prior to joining CEDARst, Larson spent his career in commercial real estate capital markets. He has closed transactions utilizing all forms of commercial real estate debt and totaling well in excess of $1 billion. Larson holds a Bachelor of Science degree in Finance from the University of Illinois Urbana-Champaign and a Master of Business Administration from the J.L. Kellogg Graduate School of Management with concentrations in Real Estate, Finance and Entrepreneurship.
ASSOCIATE GENERAL COUNSEL
Tim is Associate In-House General Counsel at CEDARst. His responsibilities include facilitation of in-house legal affairs as well as communication with all corporate counsel. Prior to joining CEDARst, Cwick acted as a sole practitioner handling civil litigation matters primarily in Cook County. Tim holds a Bachelor of Science degree in Business Management from Clemson University and has his Juris Doctorate from The Charleston School of Law.
CREATIVE & MARKETING DIRECTOR
Heather is the Creative and Marketing Director of CEDARst. Heather, a professionally trained photographer, employs her creative ability with the architectural and construction teams to space plan and design the distressed assets that CEDARst acquires. Through consistent attention to detail (in all phases of production and presentation) Heather also leads and manages the marketing efforts with the creative team for all of CEDARst Company brands.
Heather holds a Bachelor of Fine Arts degree in Photography from the Maryland Institute College of Art- Baltimore.
DIRECTOR OF RESIDENTIAL LEASING
Daly is the Director of Residential Leasing at FLATS®. Daly began with CEDARst 9 years ago as an Office Manager while finishing her undergraduate at DePaul University and has continued to grow with the company. Currently a licensed Managing Broker, Daly oversees the leasing and stabilization efforts for the residential properties within the CEDARst portfolio, specifically properties in the FLATS® & ESTATE portfolios.
Daly supports and volunteers with several charitable organizations including Catholic Charities and Refugee One, where she serves on the planning committee for the annual fundraising gala.
DIRECTOR OF ACCOUNTING
Before joining CEDARst, Kenny was a public accountant at PricewaterhouseCoopers and spent a decade in the private sector working for several real estate firms, both industrial and commercial. He graduated from the University of Wisconsin-Madison with a double-major in Accounting and Finance and is a certified public accountant in the state of Illinois. He also is a proud recipient of the coveted Illinois CPA Society Excel Award.
Erika joined CEDARst in 2012 right after moving from Houston, TX. She started as a staff accountant and has grown with the company. She is currently the Controller for CEDARst, and with 10 years of Real Estate/Accounting experience it is clear that this is what she loves doing. Erika is a proud mom of two, who moved to suburbs 3 years ago and claims it is one of the best decisions she has made.
DIRECTOR OF PROPERTY MANAGEMENT
Prior to joining CEDARst, Joe worked as a Portfolio Manager for National Real Estate Firm headquartered in New York, managing 18+ assets and over 1500 units within the City of Chicago. Joe currently oversees the entire residential property management department, specifically properties in the FLATS and ESTATE portfolios. His skill set includes financial reporting, budget preparation, identifying market trends, contracts and conflict resolution. His responsibilities include oversight of all properties along with their operations and staffing to ensure optimal performance at each asset.
Joe is no stranger to the CEDARst companies as he previously worked for FLATS Chicago in 2014. He is glad to be back in a new capacity and eager to grow with the company.
DIRECTOR OF ASSET MANAGEMENT
Jack is the Director of Asset Management at CEDARst Companies. He has focused on acquisitions and asset management throughout his 15 years in commercial real estate. He began his career at Jupiter Realty Company managing a $2B multifamily, retail, office, and industrial portfolio, and during that time acquired $300M of assets. Most recently at The Habitat Company, he focused on underwriting acquisition and development opportunities while managing a portfolio of 20,000+ multifamily units.
Jack holds a Bachelor of Business Administration from the University of New Mexico. He lives in Lakeview with his wife Lisa and daughter Olivia.