Jay Kerner
is the CEO and principal of DRSI. He has over twenty nine years of experience in the acquisition, operation, development, leasing, management and syndication of retail, multi-family, office and mixed use properties. Mr. Kerner was formerly Regional Director of Capital and Counties, U.S.A., a privately held real estate investment trust with 2.5 Million square feet of retail, office, multi-family and mixed use properties organized as a subsidiary of Capital Shopping Centres Group, London (a publicly traded FTSE 100 company; CSCG.L). In addition to his duties overseeing acquisitions, dispositions, financing, and operations, he was a key executive involved in the sale of the company to Equity One (NYSE; EQY) in 2011 for more than $600 Million. Prior to that, he was Senior Director of Acquisitions for Federal Realty Investment Trust, a public REIT (NYSE: FRT). Mr. Kerner was also President of Kerner Management and Investments, a regional shopping center operator and developer, for more than 10 years. Over his career, he has been personally involved in more than $1 Billion in commercial real estate projects. Mr. Kerner is a graduate of UCLA with a degree in Business & Economics. He is a member of the International Council of Shopping Centers and has served as a speaker at past events. Mr. Kerner is also the author of Chasing Yield; an Individual investors Guide to Passive Commercial Real Estate Investments. He holds Series 7, 24, 27, 63 and 79 securities licenses as well as a California real estate broker and general contractor license.
Direct Realty Securities (DRSI) is a securities broker-dealer and a member FINRNSIPC (www.finra.org I www.sipc.org). DRSI offers qualified individual investors an opportunity to invest in institutional quality commercial real estate through passive direct participation program securities. Investments feature established sponsors and monthly cash flow distributions. Securities are structured as Regulation D offerings directly from the sponsor with no wholesalers or middlemen.