Personnel

Pinnacle Solutions is managed by Stuart H. Green working with the company’s founder Brian Stolar and using the resources of the Pinnacle Companies’ professional team; a highly experienced and dedicated group of industry veterans who bring skills in the following key disciplines:

Pinnacle’s senior team members have on average in excess of 25 years of experience spanning numerous market cycles. While every cycle is different, Pinnacle is uniquely qualified to navigate risks, mitigate loss and maximize profit as a result of its practice perspective.

Brian M. Stolar is the Founder, President and Chief Executive Officer of The Pinnacle Companies and has led the growth of the company from 1984 into one of New York area’s foremost development companies. Throughout 25 years of business, Pinnacle has built over 5000 residential units as well as significant commercial developments with over $3 billion in real estate value.

Prior to starting The Pinnacle Companies, Brian was a real estate attorney with Lowenstein Sandler, one of the largest New Jersey law firms. Brian was also the co-founder of The Briad Group in 1987, which is one of the largest restaurant and hotel developers and operators in the industry. The company’s operation included Wendy’s and Friday’s as well as Marriott Hotels in New York, New Jersey, Connecticut, and Pennsylvania, employing over 3,000, with a business volume of over $125 million when Brian sold his interest in 1999.

Brian also founded Builder Revenue, Inc., a consortium that provides builders and developers with the opportunity to capture revenues from service providers by offering customers real estate services including title and property insurance, mortgages and telecom.

Stuart H. Green is a Principal of Pinnacle Solutions, responsible for new business and client relations. His 22-year career of real estate industry experience includes: $775 million in acquisition and disposition of property, $1.25 billion in capital and loan sourcing and $1.5 billion financial structuring and modeling.

Prior to joining Pinnacle Solutions, Stuart was the Chief Investment Officer for 12 years at Denholtz Associates, a private institutionally funded real estate operating company. Prior to joining Denholtz Associates, Stuart focused of land acquisitions at Woodmont Builders. The earlier part of his career was with investment banks, including Daiwa Securities America and Prudential-Bach Securities structuring and trading Mortgaged-backed Securities.

Mr. Green received his B.S. in Management Systems at Rensselaer Polytechnic Institute.
 

THE PINNACLE COMPANY PROFESSIONALS

Thomas A. Berkenkamp is Executive Vice President – Finance & Investments. With 28 years of real estate experience, Thomas has expertise in the acquisition and disposition of properties and mortgage loans, the repositioning of properties, loan workouts, finance, construction, and asset management. His experience includes most property types on a national basis. He is responsible for evaluating and managing Pinnacle’s investments and overseeing Pinnacle’s finance, forecasting and financial feasibility efforts, focusing on the analysis and execution of investment disposition and/or refinancing opportunities, banking and equity investor relationships.

Prior to joining Pinnacle in 2005, Mr. Berkenkamp worked for five years with Credit Lyonnais (now known as Calyon Corporate & Investment Bank) where he served as Director and Head of Real Estate Syndications.  Prior to joining Credit Lyonnais, he served as Executive Vice President of high-yield debt fund Emmes Capital and Senior Vice President/National Head of the Real Estate Finance Group of ORIX USA Corporation. Prior to that, he served with Eastdil Realty, Inc. and Continental Illinois National Bank. During his career at Eastdil and at ORIX he worked on the resolution of over $1 billion of troubled debt for various investment partners including the FSLIC, Morgan Stanley, Kohlberg Kravis & Roberts and Wellsford Group, Inc.

Mary Boorman is Senior Vice President of Sales, Marketing and Strategic Planning for The Pinnacle Companies, with over 23 years of experience in sales, marketing, product research and development for master-planned communities throughout the East Coast. Her strategic and analytical skills focus on identifying market opportunities, product development, price segmentation, and creative branding to drive revenues and unit absorption. Mary has a track record for implementing successful “turn around” programs at distressed properties and has worked with investment partners that include Blackstone, William Simons and DKM.

Mary currently oversees sales operations generating $100 million in revenues and manages project operations for Mandalay on the Hudson, a 269 unit condominium conversion on the Hudson River in Jersey City. A proactive participant in the building industry, Mary has served for many years on various sales and marketing councils, has helped provide promotional support for the industry’s platform on state planning policy and is a frequent speaker at both national and state builders’ conventions. Recognized by her industry peers, she has been awarded “Sales and Marketing Director of the Year” at the national level in 1994 and by New Jersey in 1996. Prior to joining Pinnacle Communities, Mary was Vice President of Sales and Marketing for Gale, Wentworth and Dillon.

Charles Applebaum serves as Pinnacle’s General Counsel. Charles brings more than 25 years experience to Pinnacle, where he manages the company’s legal affairs including, among other things, drafting and negotiating agreements, coordinating due diligence investigations, managing the approval process and handling all legal issues arising from the acquisition and development of the many properties under Pinnacle’s control.

Charles came to Pinnacle from Kara Homes where he was General Counsel for four years. He was responsible for the management of an 11-person legal department consisting of five lawyers, two paralegals, two closers and two administrative assistants. He was previously General Counsel to M. Alfieri Co., Inc., a privately held commercial real estate owner, developer and manager active in New Jersey. Prior to that he was with the firm of Greenbaum, Rowe, Smith, Ravin Davis & Himmel for 15 years during which he was a partner for the last 10 years.

His expertise in real property, land use and environmental law along with his strong organizational, managerial and litigation experience is a significant asset to the Pinnacle Team.

Steve Klenk serves as Pinnacle's Vice President of Construction, where he manages the design and development of Pinnacle's residential properties.

Steven's breadth of construction experience ranges from multi-family residential dwellings to heavy civil construction.  Over a 16 year period with Pinnacle, he has managed the development of over $450 million of residential real estate.  His expertise spans the development of large multi-home communities to exquisite custom homes which have sold for as much as $12 million–New Jersey Homebuilders Association awarded Pinnacle the best custom home award 4 years in a row. Steven has an architectural background and is a licensed professional engineer in New Jersey and Delaware. His analytical skill set results in the delivery of product on time, on budget and with the highest degree of quality.