Doug has over 30 years of corporate real estate experience with SunTrust Banks. Doug specializes in translating organizational intent into successful actions and results. He has extensive experience with asset management, property management and construction management.
As SVP Corporate Real Estate for SunTrust Banks, Doug was responsible for planning, managing, and directing Corporate Real Estate activities from large urban trophy properties to retail bank branches. His responsibilities included strategic planning, acquisitions, dispositions, leasing, development, consolidations and redeployment of corporate real estate assets. After leaving SunTrust, Doug worked as a consultant to a Florida Community Bank on a significant real estate sale ($55M) and redevelopment project ($600M) along with other Bank & Trust real estate activities.
Areas of Expertise
Corporate Real Estate Strategy • Strategic Initiative Implementation • Development & Implementation of Branch Prototypes • Due Diligence & Compliance • Mergers & Acquisitions
Negotiated and executed multiple sale lease-back transactions to restructure the overall real estate portfolio for SunTrust. Total portfolio sale was conducted through multiple transactions with total proceeds exceeding $1B.
Strategy and implementation of Atlanta, Nashville, and Memphis Regional Banking HQ relocations creating significant operational savings while improving locations, teammate environments and space efficiencies.
Led Atlanta market space reduction and efficiency initiatives saving over $10M annually.
Bachelor of Arts Degree in Business Administration from University of South Florida • Successful completion of CPA exam • CCIM and BOMA coursework