Steve Moffett - President, Hospitality Division
As President of the Hospitality Division, Mr. Moffett has overall responsibility for all hotel development projects from initial selection of project pursuits through final delivery to clients. He has over 30 years of experience in real estate finance and development, corporate finance and public accounting, the past 22 years exclusively in real estate.
Prior to joining Swisher Garfield Traub, Mr. Moffett founded SDM Financial, Inc., an independently owned real estate financial advisory firm specializing in the raising of private debt and equity in public/private capital structures. He negotiated and closed over $200 million in private debt and equity for the company, and working with Stormont Hospitality Group, helped to pioneer the public/private approach to the financing of convention and conference center headquarters hotels.
Before founding SDM Financial, Mr. Moffett was the sole outside consultant to YTB Leasing (America), Inc., a Greenwich, Connecticut-based Japanese finance company and a Los Angeles-based real estate partnership. During these engagements Mr. Moffett sourced and restructured over $300 million in real estate debt and equity, provided asset management services and analyzed real estate projects for investment feasibility and compliance with newly enacted U.S. Immigration legislation.
Mr. Moffett's initial real estate exposure came as a Chief Financial Officer and Partner with the Trammell Crow Residential Company. During his five and one-half years there, he financed the start-up of a newly formed Senior Housing Division and negotiated and closed over $100 million in equity joint ventures and debt financing with a variety of U.S. and Japanese lending institutions.
Mr. Moffett is a Certified Public Accountant in the state of Texas and a member of the AICPA, TSCPA and the Board of Governors for the University of North Texas School of Hospitality Management. He has twice been a speaker for the Southern Methodist University MBA Real Estate program, a guest speaker at the Neeley School of Business at TCU and was a guest panelist at the 2nd Annual Baker & McKenzie Pacific Rim Real Estate Investors Conference in San Francisco and the Crittenden National Real Estate Conference in Dallas.