Gary H. Silver RA | Albert Marengo, Ph.D.

Albert Marengo, Ph.D. received an MBA in 1979, a PhD in Economics with advanced course study in REIT analysis. Dr. Marengo is also a member of National Property Management Association (NPMA), Financial Management Association International (c/o College of Business Administration, University of South Florida), National Association of Business Economics, Royal Economic Society (c/o University of York) and American Economic Association.

Dr. Marengo specializes in the acquisition, rehabilitation, conversion and sale of real estate for his clients as well as projects in which he and Mr. Silver maintain a financial position. He has created a unique development budget analysis technique, which has been widely accepted by many financial institutions that facilitate construction loans, and through this technique has analyzed development loans for a number of well known development projects in the metro area.

Working with RE Agents and private individuals, Dr. Marengo reviews hundreds of prospective properties every year and determines the feasibility of the property as a development project. After the decision has been made, equity investments are bound and the pro forma budget and development analysis is sent to a minimum of four financial institutions to secure a construction loan. Dr. Marengo reviews and records the monthly requisitions presented by the contractors and assembles all the documents and waivers required by the lending institution prior to monthly funding on behalf of the ownership. The firm provides its customers and investors with a broad expertise and a hands-on method of problem solving.

Importantly, when retained by independent developers the firm operates exclusively as a fee-paid consultancy practice and undertakes no assignments on a contingency basis. The firm is recognized for its objectivity and independence of its analysis and opinions.