People - Michael J. Horne

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Michael J. Horne
President/Principal

Mr. Horne has a 21 year background in commercial real estate leasing, management, development, financing, acquisitions and sales. In addition to the administrative duties involved with operating a multi-million dollar commercial real estate firm, Mr. Horne is directly responsible for all leasing, acquisition, and development activities for HSS Management, while supervising all other day to day activities of the company.

Since the assumption of the presidential responsibilities, Mr. Horne has sought viable acquisition opportunities such as the Hinsdale Medical Center and Grant Square Medical Center acquisitions. He has recognized the stable nature of the medical office market and has put the company into transactions involving these types of properties. The company now has, in its portfolio, approximately 200,000 square feet of professional medical office facilities.

Previous to HSS Management, Mr. Horne was President of HSS Partners, LLC serving in a similar capacity to his current position at HSS Management. Previous to HSS Partners, Mr. Horne was Vice President – Director of Leasing for Newcastle Properties – one of the largest operators of strip center properties in the Chicagoland area. Mr. Horne handled all leasing activities throughout the 25 property – 3.5 million square foot portfolio, completing over 100 lease transactions in three years and increasing portfolio occupancy levels from 83% to 96%.

Previous to Newcastle Properties, Mr. Horne was Vice President – Director of Leasing and Operations for HSS Real Estate, Inc. Some of his specific duties included lease negotiation, tenant relations, marketing and broker relations. Additionally, Mr. Horne was responsible for all asset management activities including maintenance, budgeting, tenant construction, collections, and renovation activities throughout this 2.5 million square foot portfolio.

Previous to HSS Real Estate, Mr. Horne was the Director of Leasing at CMC Heartland Partners where he was responsible for all leasing, marketing, market analysis and property management activities. He was integrally involved with project feasibility and development efforts for this $350,000,000 group of publicly traded companies. The portfolio consisted of 25,000 acres of land, 450,000 square feet of existing commercial/industrial space and 30 active retail, industrial and residential development projects located throughout 13 states and valued at over $1,000,000,000.

Mr. Horne’s background in commercial real estate began in 1987 at First National Realty & Development Company, Inc. As Project Manager, he successfully directed the development and lease-up of nearly 3,500,000 square feet of retail space in the greater Chicagoland metropolitan area for the nation’s fourteenth largest strip center developer. During his tenure, Mr. Horne successfully negotiated multiple leases with numerous national retail merchants such as Sears, Wal-Mart, Sam’s Club, Phar-Mor, Silo, Fretter’s, JoAnn Fabrics, Blockbuster, McDonald’s and more than 25 other retail-chain merchants.

Mr. Horne is a graduate of Northwestern University, Evanston, Illinois, is a licensed Illinois Real Estate Broker, a member of the International Council of Shopping Centers, and a member of the Chicagoland area Shopping Center Owners (CASCO) organization.

Imelda O. Mercado Controller, HSS Management Comany Ms. Mercado is directly responsible for all accounting, cash management, tax, human resource, construction escrow management and financial reporting activities for HSS Management Company and its affiliated entities. She reports directly to the President and works intimately with the firm’s longtime outside accounting firm, Deerfield, IL based Miller Cooper & Company, Ltd. Ms. Mercado is also the primary day to day liaison between HSS Management and its many existing financial lenders. Ms. Mercado has been actively employed by HSS Management and its predecessor firms for the past 18 years, beginning as a staff accountant for HSS Real Estate in 1990 and steadily progressing to the position of Accounting Manager in 1996. In 1996, she was promoted to her present position of Controller when HSS Real Estate merged with Norcor Investments to form Newcastle Properties, LLC. Newcastle Properties operated as a leasing and management company with a portfolio of 25 shopping centers containing over 3 million square feet of space. Ms. Mercado was responsible for successfully integrating the two companies’ accounting systems as well as managing all of the accounting operations for the portfolio. Ms. Mercado, upon immigrating to the United States in 1988, began her commercial real estate career as a bookkeeper at Citywide Realty Company in Chicago, IL. This private apartment owner managed numerous small apartment buildings containing over 1000 units in the City of Chicago. Ms. Mercado was instrumental in computerizing the accounting department and in the process, brought a majority of the third party accounting work in-house – thereby creating significant savings for the company. Ms. Mercado has a Bachelor’s Degree in Business Administration from The Philippine Women’s University in Manila and is a member of the Illinois CPA Society, The Timberline Users Group and the International Council of Shopping Centers.