Don McDermott brings a lifetime of high performance, expertise and success in asset management along with the full litany of requisite skills, specializing in the acquisition, disposition, finance, development, portfolio management, and real estate investment experience to Titan Portfolio Services. He has enjoyed a longstanding professional relationship with Prometheus Capital dating back to his stint as COO of Banyan Properties and BelleHavens Equity Destination Club (later sold to Fortress Investment’s Abercrombie & Kent Residence Clubs).
Concurrently with the exposure to the fast-paced world of stock and option floor trading in Chicago, Mr. McDermott received his undergraduate and graduate degrees from Notre Dame, where he was an All-American rugby player and active in Student Government.
After securities training with Merrill Lynch and a prolific internship with Robert M. Ellis at Coldwell Banker (with whom he would co-author several publications and later become a business partner), Mr. McDermott’s career highlights include his role as Director of Acquisitions for R&B Investments, predecessor to Oakwood Worldwide, the international corporate housing and hospitality giant; US partner and general manager of Canada’s International Land Corporation (original developers of Whistler Mountain, BC); SVP of Mercantile Bank (MBank, Dallas, TX) supervising the Trust Department Portfolio Assets and REO, and serving as General Manager of MFund Pension Advisors.
Having established his credentials and broad skill set, Mr. McDermott was recruited into the hyperactive savings and loan industry by the former Chairman of the Federal Home Bank (and later Secretary of the Navy), John H. Dalton. He became EVP of The Richard Gill Company and President of Gill International, with executive offices in San Antonio, Texas, and London, U.K. During this time, Mr. McDermott was directly involved in risk reduction by closing over $2 billion in real estate transactions and, in the process, credited with designing and implementing several innovative financial structures and business methodologies. He also managed a $150 million portfolio of U.S. real estate assets owned by foreign entities and operated on a discretionary account basis.
Don McDermott’s financial structures have been studied at the Harvard School of Business and he has lectured extensively on a variety of real estate and financial topics nationwide. Mr. McDermott is actively engaged in conflict resolution, in which he is certified, crisis management, workouts, and restructuring. He also serves as an advisor to several small businesses and environmental groups, notably Wilderness Medicine of the University of Utah School of Medicine, The Glen Canyon Institute, The Nine-Mile Canyon Coalition, and several recycling enterprises (EnvironX (CA), NyloBoard (GA), and C.A.R.E., the carpet industry’s recycling trade group. He is also widely known for his work with USA Rugby, has coached in the collegiate game with the University of Utah and currently serves on the Rugby Advisory Committee at the University of Notre Dame.
Mike Creaney was born and raised in the Baltimore/Washington area, and was privileged to attend the University of Notre Dame where he realized the extraordinary compliment of earning both Academic and Athletic All-American Football honors. After spending two brief years in the professional game, Mike returned to his native Maryland roots and spent the next thirty years within a privately-owned commercial real estate development firm, the Creaney & Smith Group.
Adjacent to our nation’s capital and principally within the surrounding five states, the extent and breadth of these ventures afforded a consummate variety of tenancies and development capabilities. While intentionally maintaining a small group and home roots, Creaney & Smith parlayed their geographic good fortune and corporate focus to develop and deliver 84 commercial buildings, to include +/- 8.2 MM sq.ft. and value in excess of ½ billion dollars, for themselves and for their institutional, private, public and governmental partners.
Mike, along with his partners and Principal Members, has delivered Mission Critical Secure Facilities for the Corp of Engineers, for the Taskforce to Eliminate Fraud in the Medicare and Medicaid Systems, for Homeland Security, for divisions of the Armed Forces and for other highly secure and governmental tenancies, at various level SCIF (Sensitive Compartmented Information Facilities) locations within the portfolio.
The collection also includes expertise for medical offices, X-Ray facilities and MRI financing and construction, State of the Art storage delivery systems within facilities serving Iron Mountain, Under Armour and “Just in Time” services to the Port of Baltimore, along with more conventional office, warehouse and flex tenancies.
Mike had been tasked by a joint venture between the City of Baltimore (Baltimore Economic Development Corporation – BEDCO) and Aldrich, Eastman & Waltch (AEW) to assess the city’s potential to provide institutional and financial investment in facilities and technology transfer for the nascent Biotechnology Industry within a few select properties. After extended feasibility studies, and multiple, in-depth visits to Boston, San Diego and San Francisco, and despite the presence of world-class Institutions already in Baltimore (Johns Hopkins & University of Maryland Trauma Center by example) Mike’s analysis recommended a delayed entry into the sector, a suggestion that in retrospect had proven prescient.
Mike has partnered with and/or provided third party development, construction and management services to The Phoenix Mutual Life Insurance Company, McCormick Inc., Aldrich, Eastman & Waltch (AEW), Cabot Industrial Trust, The Northwestern Mutual Life Insurance Company (NML), Beacon Capital, the Pension Fund to IBEW (Electrical Workers in Washington DC), ASB Capital, & The Prudential Life Insurance Company among others.