real estate serviCes
Development • ConstruCtion • management • leasing • Brokerage
integrateD asset management
Founded in 1983, Bayer Properties is a pioneer in the development of
lifestyle centers, and is well recognized in the shopping center industry for
The Summit, Bayer’s signature brand of lifestyle center.
In addition to The Summit centers, Bayer also manages a customized
portfolio of retail and office property for private and institutional
ownership. Our goal is to enhance revenue and value for such owners
through our comprehensive services. Currently, Bayer’s portfolio consists of
shopping centers, main street retail projects and office buildings, with over
four million square feet under management.
Bayer has 25 years experience serving buyers and sellers of office, industrial,
retail and land assets with professionalism and integrity. Bayer understands
current and emerging trends, capital markets and other asset value factors.
We use this knowledge to advise our clients on their asset portfolios and
With this broad range of services, over two decades of experience, and a
proven track record, Bayer Properties has a course set confidently for the
future and leads with vision, creativity and agility. Above all else, our clients
know us for one overarching quality–our integrity.
Birmingham Louisville Reno-Lake Tahoe Cahaba Village
Jeffrey a. Bayer – prinCipal lenders in connection with the financing of commercial Jon W. rotenstreiCh – prinCipal
real estate projects in Alabama. He joined Bayer as
Jeffrey Bayer holds a Bachelor of Science degree in Executive Vice President and General Counsel in 1994. Mr. Rotenstreich is a financial consultant and private
Business Administration from the University of Alabama. investor through his own firm, Jon Rotenstreich Consul-
He has obtained the Certified Commercial Investment Mr. Silverstein is the principal in charge of managing tants, LLC. From 1993 until April 1999, Mr. Rotenstreich
Member designation (CCIM) and is a licensed Real Estate Bayer’s relationships with governmental entities around the was Chairman and CEO of TIG Holdings, Inc., a NYSE
Broker. country. He is a recognized leader in the Birmingham civic financial holding company. Mr. Rotenstreich served as
community and holds leadership positions with a number President and Director of Torchmark Corporation, a NYSE
Prior to founding Bayer Properties, Mr. Bayer served as a of prominent organizations including the Juvenile Diabetes life and health insurance holding company from 1986 to
partner in Metropolitan Properties, Inc., for 10 years. In Research Foundation, Operation New Birmingham, the 1991. Mr. Rotenstreich was also President, Chief Executive
1983, Mr. Bayer established Bayer Properties to provide Kiwanis and the University of Alabama at Birmingham. Officer and Director of Torchmark’s 85% owned subsidiary,
comprehensive leasing, management, brokerage and United Investors Management Company, now Waddell
development services. Jill v. Deer – prinCipal and Reed Financial. From 1982-1986, Mr. Rotenstreich
served as Vice President and Treasurer of IBM. He was with
DaviD l. silverstein – prinCipal Mrs. Deer earned her Juris Doctor degree from The Salomon Brothers, which he joined in 1965. In 1972, Mr.
University of Alabama School of Law in 1988 and was Rotenstreich became a General Partner, and a Managing
David Silverstein received his undergraduate degree from
inducted into the Order of the Coif. She earned a Bachelor Director upon the firm’s incorporation in 1981.
Vanderbilt University and his law degree from Cumberland
of Science degree in accounting from the university in
School of Law, where he was a member of the Cumberland
1985 and graduated summa cum laude. Mrs. Deer joined
Bayer Properties, as General Counsel and Vice President
Mr. Silverstein was a partner in the law firm of Berkowitz, of Development in 1999 and was named General Counsel
Lefkovits, Isom, and Kushner, joining the firm in 1981 and Senior Vice President in 2001. She became a principal
and serving as outside counsel to Bayer for seven years. His in 2002. Prior to her association with Bayer Properties, she
practice concentrated in the acquisition, financing, leasing, was a partner in the law firm of Burr and Forman, LLP for
management, and development of commercial real estate 11 years where she specialized in real estate, banking
projects. He frequently acted as local counsel to out-of-state and finance.
Jeffrey A. Bayer David L. Silverstein Jill V. Deer Jon W. Rotenstreich
Development, Design anD
Development for long-term groWth ryBurn Bailey
viCe presiDent of ConstruCtion
The Bayer Properties Development and Construction A 25-year construction veteran, Ry Bailey oversees Bayer Properties
team has proven itself with efficiency and style in new and redevelopment construction projects throughout the
major retail and office undertakings across the coun- country. Mr. Bailey was previously with Brice Building Company
as the Executive Vice President in charge of the company’s Florida
try. Development and Construction encompasses the operations and was responsible for over $300 million of
many facets of the management and development construction from conceptual budget estimating to project
process from budgeting, initial site investigation completion. His commercial construction experience includes an
and selection process, to designing concepts for new array of projects including big box retail, strip centers, movie
theaters, distribution centers, hotels and high rise offices.
Mr. Bailey is a graduate of Birmingham Southern College and a
Each and every day, facilities maintenance, repairs native of Birmingham.
and replacements are ongoing for existing projects.
With a centralized team, Bayer Properties is also
poised for timely and efficient repairs, renovations
and expansions of properties.
leasing anD aCCounting
Professional asset management by Bayer Properties is guided by the desire to CommitteD to aChieving maximum return
innovate, improve and maximize the property for ownership by creating new
revenue and value through comprehensive leasing, proactive facility management Bayer Properties is committed to achieving the maximum rate of return on
and disciplined finance and accounting. As the intricacies and techniques of investments in each property. Thus we concentrate on the most current data
property management grow more diverse, fulfilling the need for professional asset processing systems available, enabling ownership to have strict control of profits
management also requires a company that is diverse and one that can skillfully and expenses. The Bayer approach is to tailor accounting practices to fit the needs
execute decisions. of the property and those of ownership by providing accurate and timely reporting,
ensuring the proper controls are in place and blending business philosophy with
leasing With loCal anD national Depth sound accounting principles.
Bayer Properties has assembled a strong leasing team with combined broad,
national experience and retailer relationships.
Current occupancies and rents that out-deliver the market speak highly of the Curtis furgason
senior viCe presiDent of property management anD leasing
Bayer Properties leasing team. Leasing associates are each focused on a specialty in
retail, office or other uses. Curtis Furgason has extensive experience with open-air and lifestyle centers and has over 30 years
in real estate and construction managment. Mr. Furgason has worked for two nationally known
Bayer leasing professionals create a winning strategy for each property through: real estate investment trusts: Weingarten Realty Management of Houston, and Federated Realty
• Prioritizing the needs for each property. Investment Trust of Rockville, Maryland, overseeing a property portfolio of retail, office and
• Precisely negotiating leases to the advantage of both ownership and tenant. industrial properties. The properties spanned 17 states and totalled more than 43 million square
feet of income-producing real estate.
• Maximizing value for ownership through understanding objectives.
Having joined Bayer Properties in 2000, Mr. Furgason is responsible for a leasing and management
As a result, current occupancy levels are well above industry benchmarks with portfolio consisting of The Summit projects, shopping centers and main street retail projects as well
impressive occupancies for the retail and office portfolios. as Class A office buildings.
The Bayer Properties Brokerage team is experienced in providing professional
services to owners, landlords, and investors covering a broad range of land assets,
including retail, office, industrial, medical, multi-family, and mixed-use facilities. irBy Cohen
We maintain up-to-the-minute information on the economic trends of local and senior Brokerage assoCiate
regional activities that influence occupancy levels, rental rates and asset values. Irby Cohen has over 30 years of experience in real estate throughout the Southeast. He
served as Senior Vice President of Metropolitan Properties for nine years before joining
Bayer makes a commitment to maximizing return. Sales and acquisitions are Bayer Properties as Leasing Partner in 1989. Mr. Cohen is a graduate of the Wharton
School of Business of The University of Pennsylvania. He is a Counselor of Real Estate,
evaluated carefully, and are proven to meet or exceed our clients’ needs before A Certified Commercial Investment Member (CCIM) affiliate member, and Certified
proceeding. By taking current private and industrial capital markets into account, Leasing Specialist (CLS) of the International Council of Shopping Centers (ICSC). Mr.
we assure that investment sales are structured to meet all our clients’ yield require- Cohen is a member and past president of both the Commercial Real Estate Sales Club of
ments, either as tenant or as landlord. Birmingham, and Birmingham Area Board of Realtors.
By virtue of the partnership with Bayer Properties Construction and Design J. patriCk harWell
Division, the Brokerage Team can also evaluate and structure development Brokerage assoCiate
concepts for raw land, redevelopment opportunities, or partially completed Patrick Harwell specializes in the acquisition and disposition of multifamily, retail and
projects. Bayer Leasing and Managment can serve the day-to-day needs of a office investment properties, with an emphasis on helping clients maximize their asset’s
property upon completion to ensure long-term success. value while working to obtain their investment objectives. He works with investors on
both a local and national level to assist them in all aspects of real estate investing. Through
his experience of leasing, managing, and renovating investment properties, he assists his
On an ongoing basis, the Brokerage Team offers consultation and evaluation clients by formulating strategies that maximize the return of each asset. He additionally has
services to our clients. Thus our clients will always be fully aware of the represented numerous financial institutions in the workout and disposal of REO.
opportunities for their assets, portfolios and long-term planning, as well as feel He received both his BS and MBA in finance from Auburn University, and is currently
a CCIM candidate. He is a member of the Birmingham Commercial Realtor’s council
confident their properties are always functioning at their highest and best use. Million Sales Club and is secretary of Birmingham’s Commercial Real Estate Club.
the summit mixeD-use
The Summit is built around a finely edited mix of retailers, beautiful landscapes, architecture Our mixed-use properties combine necessities such as grocery and main merchant
and signature events that truly enhances the quality of life in its community. retail with unique local tenants, office and residential space. The properties create atmo-
spheres that allow neighbors to live, work and shop in a convenient, relaxing location.
unique boutique village with residential | birmingham, al
We seek to match a company’s need for office space with a property that creates
positive working conditions and an ideal professional environment.
2222 arlington avenue | Birmingham, alaBama 35205
(205) 939-3111 | WWW.Bayerproperties.Com