Rethinking the Office

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As a former developer, banker, and Federal Bank regulator (FDIC and OCC), Alan Jovinelly brings over 37 years of commercial real estate and banking experience to SREA. In total, Mr. Jovinelly has represented several institutional lenders and private developers in more than a Billion Dollars of transactions involving the negotiation and execution of several hundred loan workouts, bankruptcies, REO projects, receiverships, leases, project acquisitions or project sales, for all types of real estate including apartments, golf courses, hotels, industrial, mixed-use, mobile home parks, office, retail, and vacant land. Mr. Jovinelly loves working with all of the stakeholders to identify marketing opportunities, cutting operating costs, appealing real estate taxes, finding solutions, and creating value. Prior to joining SREA, Mr. Jovinelly was a senior financial officer for Amerimar Enterprises (Controller, Treasurer, & VP), WP Realty, Inc. (SVP – Capital Transactions & Property Management), Zamias Services, Inc. (Director of Leasing and Property Management), Capmark Bank ([formerly GMAC] SVP – REO Portfolio Management), GE Capital Real Estate (Senior Equity and Distressed Loan Workout Portfolio Management), FDIC (Large Asset Distressed Loan Portfolio Manager), OCC (Senior Credit Specialist – Loan Examiner), Helios (Special Servicer), Stursberg & Fine (Mortgage Broker), and CBRE (Associate Director – Financial Consulting Group). Mr. Jovinelly has been responsible for repositioning projects located throughout the US including 2+ million square feet of office buildings in CBD Philadelphia, including 833 Chestnut Street, 1500 Walnut Street, Medical Arts & Medical Towers buildings, 260 S. Broad Street, the Packard Building, and the former Conrail Building. Mr. Jovinelly is a licensed Real Estate Salesperson and has been a CPA for over 40 years. By combining his CPA financial skillset with his experiences as a private developer, institutional lender, and federal regulator, Mr. Jovinelly understands the financial and operational building blocks to create value and deliver results.

SREA was founded by James L. Paterno in January of 2005. Since starting SREA, Mr. Paterno has guided the Company’s investment efforts and advisory practice and set the tone for a warm and supportive workplace. Jim is proud of SREA’s corporate culture and environment. He is particularly proud of SREA being recognized as one of Philadelphia’s Best Places to Work in 2018. Prior to establishing SREA, Mr. Paterno was a partner at The Rubenstein Company where he served as President of The Rubenstein Brokerage Group and oversaw leasing and management of the company’s 6.5 million square foot, class “A,” office building portfolio. Before his tenure with The Rubenstein Company, Mr. Paterno served as Managing Director and Regional Leasing Manager at Jones Lang LaSalle (JLL), a multi-national real estate investment and consulting company. While at JLL, Mr. Paterno was responsible for overseeing the company’s growth in Pennsylvania, Delaware, Washington, D.C., Virginia, Maryland and Southern New Jersey. He also supervised leasing, property management and asset management of the region’s 14 million square foot portfolio for a vast array of national and international clients, such as TIAA-CREF, the University of Pennsylvania, General Electric, Royal Bank of Scotland and RREEF. Prior to joining JLL, Mr. Paterno was a partner at The Rubin Organization and served as Senior Vice President of PREIT-Rubin, the leasing and management affiliate of The Pennsylvania Real Estate Investment Trust and The Rubin Organization. There he was responsible for the leasing, property management and asset management of nearly 4 million square feet of office space, and 600,000 square feet of industrial properties positioned throughout 4 states and coordinated all advisory and tenant representation services for the firm’s corporate clients. Outside the Office Outside of the office, Mr. Paterno has served as Chairman of the Board of Advisors of Students Run Philly Style, a Member of the Board of Trustees of Project Home, a Member of the Board of Advisors of the National Nursing Center Consortium, a Member of the Board of Trustees of the Please Touch Museum, and is currently a Member of the Board for The Center City District Foundation. Mr. Paterno graduated from Dickinson College with a degree in Political Science. He has been a guest speaker at The Wharton School, the DiLella School of Real Estate at Villanova University, and Temple University. When Mr. Paterno is not in the office, he can be found trail running in the Wissahickon, golfing with friends, reading, or spending time with his sons Matt and Christopher.