Nate Hanks, CCIM - President / Co-Owner

 Experience

Graduated from the University of Utah in 1984 with a Bachelor of Arts in Accounting

Ernst and Young, CPA 1984 o 1987 – International Accounting Firm

Teleconsulting Services, CFO 1987 to 1991 – Real Estate and Self-Help training company.

Teleconsulting Services, CEO 1991 to 1994.

Capstone Entertainment and SafeKids, President 1994 to 1997 – Children’s Video Production, Training and Marketing company.

Dalmar Enterprises, Vice President and GM 1997 to 1999 – Real Estate Training and Marketing company.

RealSource Equity Services, Co-owner and President, 2002 to Present

RealSource Brokerage Services, President 2005 to Present

MaxCap Property Management, Co-owner and President, 2004 to Present

Personal Real Estate Ownership Experience

  Started Managing and Purchasing his first multi-family in 1984.

  Became a Real Estate Agent in 2002 and a CCIM member in 2003.

  Individually owns interest in many RSES properties

 Additional Real Estate Experience

  Brokerage Experience: 

Mr. Hanks joined RealSource Brokerage Services, LC (RSBS) in 1999 as an advisor and marketing director. In 2006 Nate purchased an interest in RSBS and became a co-owner with Michael Anderson. RSBS performs economic research on 360+ MSA’s throughout the country to identify markets that are entering the absorption phase of the real estate cycle.  Once these markets are identified RSBS assists clients in identifying and acquiring properties in these target markets.  RSBS was organized in 1989 by Mr. Anderson and since that time as been involved in assisting client in the acquisition of thousands of multi-family properties for a total value exceeding $1 billion of property acquisitions. 

  Sponsor Experience: 

In 2002, Mr. Anderson and Mr. Hanks formed RealSource Equity Services, LLC to provide its clients with the opportunity to participate in purchasing multi-family properties in the target markets identified by RSBS as tenants-in-common.  This allows its clients to purchase larger and higher quality assets with their available capital investments.  Since inception, RSES has sponsored the acquisition of 45 properties representing 8,795 units with a total acquisition value of $566,605,781.

Acquisition Services:  Based on the target markets researched by RSBS, RSES identifies properties for potential acquisition by its clients.  Once a property has been placed in contract, RSES conducts due diligence on the property to verify suitability for acquisition by its clients.  At the completion of successful due diligence, RSES prepares a property package of information to present to interested clients and raises the level of equity required to close the project.  RSES also works with an affiliate, RealSource Commercial (RSC), to arrange for financing for the project.

RSES also serves as a consultant/asset manager for each of these sponsored projects. 

Asset Management:  Once the purchase is complete RSES assigns one of its asset managers to each project to serve as an interface between the 3^rd party property manager and the tenant-in-common property owners.  This asset manager provides bi-monthly updates on the occupancy and physical operations of each property.  In addition, RSES receives the monthly financials from the property managers, analyzes the financial results and provides monthly financial reports and analysis to the owners.  RSES also provides annual financials to the owners for income tax reporting. The properties are managed by professional, experienced 3^rd party management companies.

Disposition Services:  RSES works with RSBS to determine the appropriate time to exit a particular market.  RSES works with its owners at the appropriate time to identify local brokers to aid in the disposition of the property.  RSES coordinates all correspondence and procedures that need to be completed between the buyer and the tenant-in-common sellers to bring the sale to completion. 

 Property Management

In 2004, Mr. Hanks and Mr. Anderson formed MaxCap Informational Services, LLC (MaxCap), which now provides property management services for its clients.  Currently MaxCap manages 12 properties with a total of over 1200 units. MaxCap manages properties for both RSES and RSBS clients.