skip to Main Content

Mr. DiFrank’s responsibilities include cash flow analytics, due diligence management, and oversight of third-party property service providers including construction managers and property managers as well as property performance analytics and review. Mr. DiFrank also serves as a non-voting member of both the Investment Committee and the Operations Committee.

 

Mr. DiFrank has been responsible for equity and debt transactions on more than 10 million square feet of multifamily, mixed-use, office, retail, industrial, and hotel properties located throughout the United States. He has performed a variety of property analysis, investment, and management roles over more than 30 years working for institutional investment firms and financial services companies. Most recently, Mr. DiFrank served from 2017-2019 as Chief Investment Officer for Streetscape Partners, a privately held real estate investment and development company focused on residential and mixed-use opportunities in the greater Washington, D.C. region.

 

From 2006-2016, Mr. DiFrank was Director of Acquisitions for ROSS Companies. At ROSS, Mr. DiFrank was involved in investing in and recapitalizing over 7,000 apartments valued at more than $1 billion. His responsibilities included: sourcing new investment opportunities through relationships with owners, brokers, lenders, and other industry professionals; supervising underwriting of new investment transactions; leading due diligence teams consisting of attorneys, lenders, investors, brokers, and consultants; cultivating new investor equity and debt relationships; and negotiating investment transaction agreements. He led and participated in numerous transactions of up to $200,000,000 in individual value including a single value-add investment in an 1,180-unit workforce housing apartment community in Alexandria, Virginia which was renovated to improve workforce housing stability, availability, and quality for the community while increasing property net operating income to provide investors with income and capital gains through an increase in value at disposition.

 

Prior to ROSS, Mr. DiFrank worked at Babson Capital from 2004-2006 and Well Fargo Bank from 1997-2004. During that period, Mr. DiFrank originated development loans, bridge loans, and mortgages on properties ranging across commercial real estate sectors and throughout the U.S.

 

Prior to Wells Fargo, Mr. DiFrank was the Controller for Washington Real Estate Investment Trust from 1995-1997 overseeing all accounting and internal and external reporting. From 1992-1995, Mr. DiFrank provided a variety of commercial real estate consulting services to institutional investors including Resolution Trust Corporation for auction investment due diligence and corporate finance support for firms including Federal Realty Investment Trust and the Inter-American Development Bank. In 1991-1992 during the S&L crisis, Mr. DiFrank was recruited to form the REO accounting department and serve on the bank disposition team for the packaging and disposition of First American Bank. Prior to the S&L crisis Mr. DiFrank was property manager for two Class A high-rise multi-tenant office buildings totaling over 500,000 square feet located in downtown Baltimore. Mr. DiFrank began his career in commercial real estate in 1987 working in the real estate investment group at Perpetual Bank.

 

Mr. DiFrank is a CPA. He has an M.S. in Real Estate from Johns Hopkins University and a B.S. in Finance from Bowling Green State University. Mr. DiFrank completed his accounting coursework for the CPA exam at The Ohio State University.

THE INFORMATION ON THIS WEB SITE IS NOT AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY SECURITIES OR AN INTEREST IN ANY INVESTMENT FUND OR FOR THE PROVISION OF ANY INVESTMENT MANAGEMENT OR ADVISORY SERVICES. ANY SUCH OFFER OR SOLICITATION WILL BE MADE ONLY BY MEANS OF DELIVERY OF A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM RELATING TO A PARTICULAR FUND OR INVESTMENT MANAGEMENT CONTRACT TO QUALIFIED INVESTORS IN THOSE JURISDICTIONS WHERE PERMITTED BY LAW.  NO WARRANTIES OF THE ACCURACY OR TIMELINESS OF THE INFORMATION HEREIN ARE MADE, NEITHER EXPLICIT NOR IMPLIED. ALL INVESTORS MUST CONSULT THEIR TAX ADVISORS CONCERNING TAX MATTERS. UNAUTHORIZED USE OR MISUSE OF THIS WEBSITE AND THE INFORMATION HEREIN CONTAINED IS EXPRESSLY PROHIBITED AND MAY BE PROSECUTED TO THE FULLEST EXTENT OF THE LAW.
BY ACCESSING THIS SITE, YOU SIGNIFY YOUR AGREEMENT WITH, AND UNDERSTANDING OF, THE FOLLOWING TERMS OF USE AND LEGAL INFORMATION PERTAINING TO BOTH THIS SITE AND ANY MATERIAL ON IT. THIS SITE IS OFFERED TO YOU CONDITIONED ON YOUR ACCEPTANCE WITHOUT MODIFICATION OF THE TERMS, CONDITIONS, AND NOTICES CONTAINED HEREIN. YOUR USE OF THIS SITE CONSTITUTES YOUR AGREEMENT TO ALL SUCH TERMS, CONDITIONS AND NOTICES. ALLAGASH PARTNERS LLC RESERVES THE RIGHT TO CHANGE THE TERMS, CONDITIONS, AND NOTICES UNDER WHICH THIS SITE IS OFFERED.​
Back To Top