Steve Firestone – Managing Partner, Crown Bay Group LLC
Steve is veteran of the Real Estate industry. He grew up in New Jersey. Following two years of Business College he moved to the United Kingdom. His first venture there was a successful computer software wholesale company, Micro To Go Ltd. It was from that business that he developed a long term relationship with Barclays Bank Corporate Division which would last throughout his UK real estate career. He moved into real estate in 1995 andhas since been directly involved in many aspects of the industry. He started out buying, rehabbing, and managing his own residential portfolio in London.Soon after, he moved into property development running multiple Limited Liability Companies, redeveloping outdated and commercial properties, and some new build housing. He was responsible for managing his company’s property acquisitions, funding, building, and dispositions.
It was at that time Steve had a chance meeting with Graham McDonald, Director of a large London Real Estate Development Company. He would take Steve’s education to the next level. Steve was directly involved in repositioning larger multifamily complexes, locating and acquiring land, redundant buildings and larger commercial properties. Then was involved with the re-zoning, working with planning officers, architects, planning committees, learning the process from acquisition to design to planning through to funding/syndicating & building out and/or sellingsome larger developments.Steve has an eye for a deal, as well as strong negotiating skills. He is always looking towards identifying and the implementation of asset optimization strategies on any potential project. Steve also started and was Director of a commercial/residential building company with another partner where they worked on residential properties as well as having commercial maintenance contracts with some retail stores and a major bank, maintaining some of theirregional properties.In 2011 Steve and his wife/partner, Anna, and their two young children decided to relocate back to the US where he grew up and wants his children to grow up. They are now settled in Boca Raton Florida.
Hestarted developing a new network of contacts. Using his experience in value-add, property repositioning and construction knowledge, he started consulting on value-add and repositioning properties. While doing this he set about planning and startinga new Real Estate Company (Crown Bay Group) with the vision of creating a large asset management/investment group specializing solely in larger size multifamily properties. Crown Bay Group is currentlygetting ready totakeover a 388 unit reposition project in Indiana through Marcus & Millichap and negotiating on two properties in Columbus Ohio and Oklahoma.Crown Bay has put together a very experienced team of industry professionals to help achieve its goals.“We hope to exponentially grow Crown Bay’s portfolio over the course of 2015 – 2016 while the window is still open to find and acquire multifamily properties at a realistic cost basis” Steve Firestone”
Anna Firestone – Senior Partner, Crown Bay Group LLC
Anna is a native of Sweden. She attended Stockholm University where she studied Business Administration, Economics and Finance. In 2000 she started her banking career at ABN AMRO Bank in Stockholm, working in Banking Operations. At the end of 2001 Anna moved to London, England, where she was hired by Bank of New York, London, to work in their reconciliation team. In 2003 she moved on to Credit Agricole, London, where she joined the FX Settlements & International Client Liaison team. In 2006 Anna was made Team Leader. She was responsible for a high volume of Foreign Exchange trades and payments in multiple currencies and liaising with the bank’s international corporate clients worldwide. She was involved in training new team members as well as working alongside the software development team implementing a new banking system.In 2011 Anna and her husband/partner, Steve, made the decision to relocate to Florida with their two young daughters. Anna andSteve set about planning and starting up their new Real Estate venture (Crown Bay Group) with the vision of creating an asset management/investment company specializing solely in larger size multifamily properties. Anna is involved inCrown Bay Group’sresearch, underwriting, financial due diligenceand administration. Shealso holds a real estate licence, is certified in the use of Excel, and is currently working towards certification in Real Estate Financial Modelling. Anna’s skillset of research, analysis, computer skills, plus her work ethic of always trying to improve efficiency, all play an integral role in the running of Crown Bay Group.
Other Team members
Crown Bay Group has spent considerable time building a network of relationships with top management companies, brokers and in their target markets. We have also established a third party team of industry professionals which includes Real Estate Lawyers, Syndication Attorneys, CPA’s, Multifamily Consultants, Due Diligence Companies, Mortgage Brokers and equity partners.