Alan F. Daniels: Difference between revisions
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|title=The RealEstate.com Story | work=Mortgage Banking | year=2000}}</ref> Daniels raised nearly $100M in venture capital while at the helm of RealEstate.com. Venture investor’s included: [[Paul Allen]]’s [[Vulcan Inc.]], [[J. & W. Seligman & Co.]], Fleet Boston [[Robertson Stephens]] and [[Randall Kaplan]], co-founder of [[Akamai Technologies]]. As chairman of the board of RealEstate.com, Daniels assembled a of board of directors that included, Steve J. Heyer, Former President/COO of [[Turner Broadcasting System]], R. Byron Carlock, former Chief Investment Officer of [[Post Properties]] and former Atlanta Mayor, the late [[Maynard H. Jackson]]. |
|title=The RealEstate.com Story | work=Mortgage Banking | year=2000}}</ref> Daniels raised nearly $100M in venture capital while at the helm of RealEstate.com. Venture investor’s included: [[Paul Allen]]’s [[Vulcan Inc.]], [[J. & W. Seligman & Co.]], Fleet Boston [[Robertson Stephens]] and [[Randall Kaplan]], co-founder of [[Akamai Technologies]]. As chairman of the board of RealEstate.com, Daniels assembled a of board of directors that included, Steve J. Heyer, Former President/COO of [[Turner Broadcasting System]], R. Byron Carlock, former Chief Investment Officer of [[Post Properties]] and former Atlanta Mayor, the late [[Maynard H. Jackson]]. |
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While Chairman/CEO of RealEstate.com,<ref>{{cite web|url=http://chiefexecutive.net/ipo-ceos-reality-check|title=IPO CEO’s Reality Check}}</ref> Daniels spearheaded long-term multi-million dollar revenue agreements<ref>{{cite web|url=http://www.prnewswire.com/news-releases/realestatecom-and-homescom-cease-acquisition-talks-76623967.html|title=RealEstate.com and HOMES.COM Cease Acquisition Talks}}</ref> with firms such as [[Ally Financial|GMAC]], [[Lycos]] and Realtor.com. As a result of the rapid revenue growth and business expansion, RealEstate.com was scheduled for an [[Initial Public Offering]] (IPO) in Q1 of 2000. Investment banks advising the company included: [[Goldman Sachs]], [[J.P. Morgan]], Fleet Boston [[Robertson Stephens]] and [[A.G. Edwards]]. Due to the Internet bubble, the firm did not IPO as planned and the company’s valuation declined. Daniels lost an estimated $220M of his net worth within a few months.<ref>{{cite web|url=http://realtytimes.com/rtpages/20001226_redotcom.htm|title=RealEstate.com's CEO Says Goodbye To Online Real Estate}}</ref> |
While Chairman/CEO of RealEstate.com,<ref>{{cite web|url=http://chiefexecutive.net/ipo-ceos-reality-check|title=IPO CEO’s Reality Check}}</ref> Daniels spearheaded long-term multi-million dollar revenue agreements<ref>{{cite web|url=http://www.prnewswire.com/news-releases/realestatecom-and-homescom-cease-acquisition-talks-76623967.html|title=RealEstate.com and HOMES.COM Cease Acquisition Talks}}</ref> with firms such as [[Ally Financial|GMAC]], [[Lycos]] and [[Realtor.com]]. As a result of the rapid revenue growth and business expansion, RealEstate.com was scheduled for an [[Initial Public Offering]] (IPO) in Q1 of 2000. Investment banks advising the company included: [[Goldman Sachs]], [[J.P. Morgan]], Fleet Boston [[Robertson Stephens]] and [[A.G. Edwards]]. Due to the Internet bubble, the firm did not IPO as planned and the company’s valuation declined. Daniels lost an estimated $220M of his net worth within a few months.<ref>{{cite web|url=http://realtytimes.com/rtpages/20001226_redotcom.htm|title=RealEstate.com's CEO Says Goodbye To Online Real Estate}}</ref> |
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In December 2000, the firm’s assets were acquired by existing investor Sand Hill Capital. Daniels and other key executives resigned after disagreeing with Sand Hill plans for the future direction of the firm. Sand Hill changed the firm’s business-to-business model to a consumer-to-business residential website and subsequently sold the firm to [[Barry Diller]]’s [[InterActiveCorp]] (IAC). |
In December 2000, the firm’s assets were acquired by existing investor Sand Hill Capital. Daniels and other key executives resigned after disagreeing with Sand Hill plans for the future direction of the firm. Sand Hill changed the firm’s business-to-business model to a consumer-to-business residential website and subsequently sold the firm to [[Barry Diller]]’s [[InterActiveCorp]] (IAC). |
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Revision as of 21:55, 9 February 2015
Alan Fitzgerald Daniels | |
|---|---|
| Born | May 28, 1968 |
| Nationality | American |
| Occupation(s) | Chairman & CEO of Real Estate Capital Management (RECM) (2002–present) |
| Height | 6"4" (1.93m) |
| Children | 4 |
Alan Fitzgerald Daniels (born May 28, 1968) is an American real estate business executive. He is the chairman and chief executive officer of Real Estate Capital Management, Intl. Ltd, a global business-to-business provider of real estate financial services.
Career
Daniels previously served as chairman/CEO of venture capital and investment firm, Real Estate Industries from 2000–2002.
He also served as chairman/CEO RealEstate.com[1] from 1997–2000 where he’s credited for leading the company from start-up stage to an international business-to-business provider of Web-based solutions[2] with a private valuation in excess of $500M.[3] Daniels raised nearly $100M in venture capital while at the helm of RealEstate.com. Venture investor’s included: Paul Allen’s Vulcan Inc., J. & W. Seligman & Co., Fleet Boston Robertson Stephens and Randall Kaplan, co-founder of Akamai Technologies. As chairman of the board of RealEstate.com, Daniels assembled a of board of directors that included, Steve J. Heyer, Former President/COO of Turner Broadcasting System, R. Byron Carlock, former Chief Investment Officer of Post Properties and former Atlanta Mayor, the late Maynard H. Jackson.
While Chairman/CEO of RealEstate.com,[4] Daniels spearheaded long-term multi-million dollar revenue agreements[5] with firms such as GMAC, Lycos and Realtor.com. As a result of the rapid revenue growth and business expansion, RealEstate.com was scheduled for an Initial Public Offering (IPO) in Q1 of 2000. Investment banks advising the company included: Goldman Sachs, J.P. Morgan, Fleet Boston Robertson Stephens and A.G. Edwards. Due to the Internet bubble, the firm did not IPO as planned and the company’s valuation declined. Daniels lost an estimated $220M of his net worth within a few months.[6]
In December 2000, the firm’s assets were acquired by existing investor Sand Hill Capital. Daniels and other key executives resigned after disagreeing with Sand Hill plans for the future direction of the firm. Sand Hill changed the firm’s business-to-business model to a consumer-to-business residential website and subsequently sold the firm to Barry Diller’s InterActiveCorp (IAC).
Life
Daniels was born in Miami, Florida in 1968. His mother Peggy Lee, was an oncology nurse at Cedars Hospital in Miami. In the fall of 1986 Daniels attended Florida A&M University studying political science and business economics. In 1987, he enrolled in the Army ROTC and Army National Guard while attending Florida A&M. Daniels relocated to Atlanta, Ga. in 1990 to be with his mother after learning she had been diagnosed with breast cancer. Peggy Lee, Daniels mother, lost her battle with cancer in June 1993, one week after Daniels’ 25th birthday.
In 1994, Daniels graduated from the Georgia Institute of Real Estate and began his real estate career as a commercial real estate broker with RE/MAX & CB Commercial JV.
Daniels has four children. He has three (3) sons and a daughter. Daniels married his first wife Natalie Jackson in 1993 after dating for 7 years. Jackson is now an attorney in South Florida.
Daniels married his second wife in 1997, Kelly Britton, a former Miami based model, who currently works in the non-profit sector. Britton and Daniels have twin sons. Daniels was engaged to New York based model Jaime Marie from 2001 to early 2005. The couple relocated to Los Angeles in 2002. They have a daughter.
In May 2005, Daniels began dating former model Nicole Murphy. Daniels received unwanted publicity for his relationship with Murphy, at the time wife of actor Eddie Murphy.[7] Murphy and Daniels were introduced by mutual friend Stacie J., formerly of “The Apprentice.” Nicole Murphy filed for divorce Aug 7, 2005. After constant irritations, media exposer and threats from Eddie Murphy, Daniels and Nicole Murphy mutually agreed to end their relationship in the summer of 2006.[8]
Industry expertise
Daniels is considered a pioneer in the real estate investment and advisory sector.[9] His knowledge and expertise in global real estate markets range from conventional financing to structured finance.[10][11] Daniels has been noted in books by Author Quincy Benton as an industry expert.[12] He’s served as an advisor to Chinese government elected officials on the China SEACOT project in the Pudong region of Shanghai. He’s been a speaker at investment conferences for firms such as Goldman Sachs and Robertson Stephens. He’s been an honored guest presenter at the Teleperformance Annual Investor Conference at Louvre in Paris, France. Daniels has also been quoted or featured: Fox News with Neil Cavuto, Tavis Smiley Show, CNBC, ABC, Kiplinger, The Wall Street Journal, US News & World Report, Ebony Magazine[13] and Chief Executive Magazine. Daniels is also referenced on the list of "American Real Estate Businesspeople" along with other notable industry professionals.
Awards and recognitions
Daniels is a recipient of Ernst & Young Award for Business Leadership and was a Finalist for the 2000 Ernst & Young Entrepreneur of the Year Award.[14] He was recognized as an “Ambassador of Goodwill” by former Secretary of State of Georgia, Cathy Cox. Daniels was also recognized by Dr. Dennis Kimbro as “An Entrepreneur That Will Make a Difference in the New Millennium.”
Hobbies and interests
Daniels interests include philanthropy, skydiving, tennis and basketball. Daniels is also a student of world religions and is actively committed to mentoring underprivileged youth.
References
- ^ Potwora, Judith (May 31, 1999). "RealEstate.com auctions home mortgages online".
- ^ "Homes.com to merge with RealEstate.com". September 20, 1999.
- ^ "The RealEstate.com Story". Mortgage Banking. 2000.
- ^ "IPO CEO's Reality Check".
- ^ "RealEstate.com and HOMES.COM Cease Acquisition Talks".
- ^ "RealEstate.com's CEO Says Goodbye To Online Real Estate".
- ^ Grove, Lloyd (November 17, 2005). "Estrange-ly Kind Words For Murphy". Daily News. New York.
- ^ "Eddie Murphy's Divorce Turning Ugly".
- ^ "RECM Advised Real Estate Fund, DEBTX, Capitalizes on New Structured Finance Trend to Secure $250M".
- ^ "IRESE, Inc. Launches Industry's First Financial Technology That Streamlines the Investment Process While Providing Investors Short-Term Liquidity in Individual Commercial Real Estate Properties". Business Wire. 2002.
- ^ "RECM Predicts Structured Finance to Replace Conventional Commercial Real Estate Financing".
- ^ "People Featured In Quincy Benton Book".
- ^ Alan F. Daniels & Ebony Magazine.
- ^ "Finalists Announced for the Alabama-Georgia-TennesseeArea Year 2000 Ernst & Young..."