Division Street Capital, LLC is solely owned by Brian E. Moore, its Managing Member and Founder. It has been in operation since April 2012 and was incorporated in Illinois on September 10, 2012. The Managing Member is currently the company's lone employee.
Brian E. Moore has over 18 years of experience in real estate and related fields. Mr. Moore has an MBA and MArch from the University of Illinois at Urbana-Champaign. He also received a Bachelor of Science Degree in Architectural Studies from U of I. During his masters degree studies, he was a teaching assistant in the Department of Architecture where he instructed students on the anatomy of buildings and building technologies.
Mr. Moore practiced architecture for two years, working on a number of commercial buildings. Upon receiving his masters degrees he went to work for Draper and Kramer, Incorporated as a research analyst. Under the tutelage of Department Head McKim Barnes, a Harvard- and Stanford-educated guru in methods and sources of real estate research, Mr. Moore established a firm foundation in data-driven market analysis and investment theory. Mr. Moore worked on all commercial property types and eventually focused on the multifamily sector, providing critical research on over $200 million of investments made by Draper and Kramer during this time.
Upon transitioning to asset manager, Mr. Moore assumed responsibility for 1,100 apartments located in the Chicago and St. Louis metro areas. As asset manager, his duties included establishing aggressive performance measures for property management teams, planning and approving capital expenditures with project managers, negotiating service contracts, and periodic reporting to ownership on the properties' financial performance. Mr. Moore also evaluated over $750 million in potential real estate investments for Draper and Kramer, with responsibility for market analysis, feasibility analysis and financial modeling via complex spreadsheets.
During his tenure as asset manager, Mr. Moore was tapped to spearhead a $67 million phased urban multifamily project in Chicago. The project had mixed results, with the successful initial 150-unit apartment phase planned, financed, and completed on time while achieving all operational performance metrics. However, the second phase was a new construction condominium development, completed in fall 2007, which fell victim to the recession.
In 2009, Mr. Moore transitioned to a new job at Prairie Management and Development, Incorporated, a privately-owned company in downtown Chicago. Here, he was responsible for overseeing the operations of four apartment complexes totaling 700 units. He created and managed asset valuations, annual budgets and capital plans. In this role, Mr. Moore was exposed to all aspects of management, including accounting and day-to-day operations of a professional management company. His role included optimizing rents to achieve income goals, establishing and implementing tenant selection criteria, managing expenditures and overseeing management teams and staff. He also was project manager for dozens of small- to mid-size construction projects including apartment rehabs, office build-outs and building mechanical updates. Mr. Moore received formal training in Fair Housing and is a Certified Occupancy Specialist. He left Prairie Management in early 2012 to chart a new direction in his career.
Since 2001, Mr. Moore has owned and managed a 3-unit investment property located in the Wicker Park neighborhood of Chicago. The property has done exceedingly well, beating all expectations for rent growth and price appreciation due to the incredibly strong rental market. His management strategy involves maintaining the property and units in top condition and as such, he acts as project manager for numerous maintenance and construction projects. He prides himself in providing quick responses to tenants' concerns and has received numerous complements from tenants on both the condition of the apartments and for his management services.
Mr. Moore lives in Downers Grove, Illinois with his wife, Mickie, and their three kids. He volunteers with a number of his children's organizations including Indian Guides and Cub Scouts plus he assists coaching youth football, baseball and hockey. He enjoys running, occasionally performing in a rock 'n roll band and spending time with his family.