William Chip Cinnamond

Bio

Chip is in charge of Asset Management at Osprey. His most recent assignment has been as an independent real estate consultant, working primarily with a Michigan based real estate company. The company specializes in the acquisition, development, and ownership of single tenant office and industrial properties leased long term to agencies of the federal and state governments. He assisted them in adding and implementing acquisition and asset management tools and processes to attract and serve an institutional clientele. He recapitalized their 47 building portfolio by bringing in a domestic institutional lender and an offshore mezzanine debt provider. He also recruited three senior level real estate executives to serve on their company’s independent Advisory Board. Prior to his consulting experience, Chip was Senior Vice President and head of asset management at Lexington Realty Trust (formerly Lexington Corporate Properties Trust), responsible for all asset management activities for this New York Stock Exchange real estate investment trust (“REIT”). They specialize in long term net leased office and industrial properties. He managed 142 assets with 27 million square feet of space, supervising a staff of 8 employees. From 1989 to 2001, he was a senior asset manager at J.P. Morgan Investment Management (“JPMIM”). He had oversight responsibilities for a staff of 12 and asset management responsibilities for a portfolio of 72 office and industrial properties valued at $3.9 billion, encompassing 30 million square feet in the eastern and southern U.S. He also worked on the purchase of one of the major VRS office assets with Larry Longua of Mitsubishi Trust. He was a member of their Real Estate Investment Group Management Committee. Chip began his real estate career at the Prudential Insurance Company of America. In his 12 years there, he had various responsibilities, including real estate appraisal, lending, acquisition, asset management, disposition, development and redevelopment in Boston, Massachusetts; Hartford, Connecticut; St. Louis, Missouri; and Denver, Colorado. He then joined two regional private developers, one in Scottsdale, Arizona and the other in Purchase, New York. His Scottsdale asset management responsibilities involved overseeing a large diversified portfolio of office, retail, and multi-family assets, and a golf course. The Purchase position was as partner and project director of a 342 unit condominium development and a 300 slip marina on the Hudson River in Croton-on-Hudson, New York. Chip maintains associations with the Building Owners and Managers Association (“BOMA”), the National Association of Office and Industrial Parks (“NAIOP”), the National Association of Real Estate Investment Managers (“NAREIM”), and the American Appraisal Institute.