In this newly created role, Mr. Cyburt will focus on strengthening the firms national reach by opening and building a West Coast office for Monday Properties that can execute on investment opportunities and bolster Monday Properties’ capital base. Cyburt will head the third regional office to be established by New York-based Monday since the launch of the firm. Monday Properties established its New York office in 2002 and its Washington, DC office in 2005.
“We are very pleased to welcome Philip to Monday Properties and our firm’s leadership team,” said Anthony Westreich, Chairman and Chief Executive Officer of Monday Properties. “With his extensive experience in multifamily, office and the hospitality industry, Philip brings strong relationships, a wealth of industry knowledge and a deep understanding of the commercial real estate business. He will play an important role at Monday as we look to strategically expand our footprint on the West Coast, and identify and capitalize on unique investment opportunities that will further provide our investors with attractive risk-adjusted returns.”
Mr. Cyburt has been a senior executive with two Fortune 500 companies, where he was responsible for the management of vast global real estate and development portfolios. His institutional real estate responsibilities have included: corporate and structured finance; transaction structuring; debt/equity formation and negotiations; strategic planning; portfolio valuation and feasibility studies; as well as residential and commercial development. With over three decades of experience in commercial real estate, Mr. Cyburt has been instrumental in completing more than $10 billion in various types of real estate transactions in major markets across the United States.
Most recently, he was Chief Executive Officer of the Laurus Corporation, a principal real estate investment private equity firm that invests in office, hospitality and retail. Prior to Laurus Corporation, Mr. Cyburt, as Managing Director of Alvarez and Marsal, LLC, served as interim CEO of Lehman Brothers Holdings real estate division, where he managed their debt and equity portfolio consisting of over $30 billion of assets. He also co-founded Cyburt Hall Partners, where as Managing Director he acted as an investor, developer, and operator for approximately $500 million of real estate investments.
As President of Boeing Realty Corporation, he successfully directed the company’s real estate portfolio ($9 billion in assets comprising of 125 million square feet in 26 states and 63 countries). In addition, Mr. Cyburt spear headed Boeing’s relocation of its world headquarters from Seattle to Chicago. He was also elected as President of McDonnell Douglas Realty Company, which serviced and restructured a $750 million commercial real estate loan portfolio in the early 1990’s. The portfolio consisted of nonperforming loans and REO properties including office, industrial, retail, and hotels located throughout the United States. Early in his career, he was also Director at Tishman Realty and Construction.
Mr. Cyburt attended Chapman University in Southern California, where he received a Bachelor of Science in Finance. He also attended graduate courses at Chapman University, Pepperdine University Executive MBA Program, and the investment real estate certificate program at University of Irvine. Philip currently serves on the advisory board for the UCLA Anderson School of Management – Ziman Center for Real Estate, in addition to being an active member of the Urban Land Institute (ULI).
About Monday Properties:
Monday Properties is a dynamic real estate investment firm that operates each property within its portfolio. Founded in 1998, the company is an owner, operator and developer of real estate with a primary focus on supplied constrained markets and value add real estate opportunities in growth markets. Since 2002, Monday Properties has completed over $12 billion in over 50 separate transactions, representing 27 million square feet. Monday Properties co-invests its own capital alongside its partners and investors, creating a clear alignment of interest and an incentive to realize value.