Roger Greene has been active in distressed real estate and mortgage investments for nine years, and active in management, acquisition and disposition distressed investment opportunities for fifteen years. An attorney by training, Mr. Greene left private practice during the last banking crisis of the early 1990s to spearhead the legal efforts of American Real Estate Group (AREG) to manage the $20 billion in non-performing or sub-performing assets located in 39 states left by the failure of American Savings & Loan Association. When affiliates of the Robert M. Bass Group purchased American Savings Bank, Mr. Greene became General Counsel of AREG. He became responsible for all legal aspects of disposing of the assets. Mr. Greene was responsible for all contested proceedings with borrowers, including more than 400 active litigation and bankruptcy matters. He supervised 11 attorneys and a staff of 40. In addition, he was responsible for negotiated solutions, such as discounted payoffs with borrowers, or loan and real estate sales.
When parties began to recognize the lucrative opportunity presented by acquiring pools of distressed debt and real estate, large funds were organized to take advantage of the opportunities. Mr. Greene became General Counsel and a principal at Brazos Asset Management and Brazos Fund, which acquired approximately $2 billion in non-performing or sub-performing assets, primarily in the United States and Canada. Investments included mortgages or real estate consisting of multi-family properties, office, retail, hotels and industrial buildings. Mr. Greene became responsible for negotiations regarding acquisition of the assets, co-investment agreements with partners, disposition of particular assets, loan sales, securitization of restructured loans, and other asset sales and dispositions. The dispositions included creative structures, including a $300 million securitization where the seller did not take financial responsibility for the representations and warranties. Assets were acquired from banks, insurance companies, public companies and other financial institutions.
As a new group of investors joined the funds to acquire distressed debt, Mr. Greene then became General Counsel and a principal of Lone Star Fund and Hudson Advisors. The fund also focused upon acquisition of underperforming real estate assets, with a more global reach.
As the US real estate market recovered, in 1997 Mr. Greene became General Counsel to Biltmore Advisors, which performed merchant banking work in the western United States, focusing on opportunities in real estate and operating companies. Real estate acquisitions focused upon apartment buildings mobile home parks, shopping centers and development projects.
For the past six years, Mr. Greene has been CEO of Marquette Advisors, where his focus has been on investing in operating companies either experiencing distress directly, or operating in industrial sectors that were disfavored. In particular, a number of the assets acquired were in the biotechnology or life sciences area after those markets tumbled in early 2000. Acquired businesses included blood plasma collection centers and sleep diagnostic laboratories. While the asset class was different, the common thread involved acquisitions and dispositions of assets in undercapitalized and disfavored sectors.
Prior to his work in the investment community, Mr. Greene was a lawyer for Covington & Burling in Washington, DC and McKittrick Jackson DeMarco & Peckenpaugh in Orange County.
He earned an A. B. from Harvard College in 1977. He graduated magna cum laude in Economics and was elected to Phi Beta Kappa. He received his law degree from Harvard Law School cum laude in 1980. Mr. Greene is a member of the California and Washington, D.C. bars.