May 15, 1994, Steven M. Cersonsky accepted the position of Vice President of Acquisitions for Excell Fund LLC, whose main emphasis is finding shopping center properties nationally, which fit the company’s acquisition criteria.
After college at Illinois Institute of Technology and graduate school at the University of Colorado, Steve started his real estate career in January 1972, as a multi-residential property manager and residential real estate salesman. By 1980, Steve’s responsibilities had grown to consist of asset managing approximately $250,000,000 of real estate. He was in charge of leasing, sales, and management. Part of Steve’s duties was to oversee the management, development, maintenance, and sale of 6 nursing homes.
In 1982, Steve formed Sun Realty, Inc., which acquired, developed, managed, and syndicated new retail and office projects, totaling some $20,000,000. Some projects were taken from ground acquisition to fully leased complexes. Steve kept these projects over 80% leased, even in the down markets.
At J. Herzog & Sons, Inc., Steve was responsible for leasing and releasing over 2,500,000 square feet of retail strip centers, in 13 states, from New York to Florida and west to Colorado. He created a contact network for hundreds of national credit tenants. Steve has a strong background in computers, finance, insurance, leasing, management, sales, and real estate workouts.
At Excell Fund, LLC, Steve represents several national tenants (including Family Dollar Stores, Inc.) in their search for quality locations nationwide. In recent years, Steve has been instrumental in creating over 480,000 square feet of new stores for Family Dollar, redeveloped approximately 300,000 square feet of vacant retail buildings, and has expanded operations to a new office in Cincinnati and Oklahoma to handle development opportunities in Texas, Oklahoma, Michigan, Missouri, Ohio, Kentucky, West Virginia, Maryland and Indiana.
Steve is one of the primary owners and Managing Members of Park Regency Assisted Living Center in Loveland, CO, and is one of the managing members, and primary financial backers for Park Regency Thornton, LLC. Both of these properties sold in 2014. Steve has gone on to be the managing member of 6 new Senior Living projects, 4 in Colorado (Parker, Ken Caryl, Littleton, and Aurora), 1 CCRC in Oklahoma City, and 1 AL project located in Sunrise Mall in Corpus Christi, TX.