Robert E. Smith, CCIM

Robert E. Smith

Robert E. Smith, CCIM

President and founder of Smith Equities Real Estate Investment Advisors (SEREIA)

Email: Robert E. Smith,CCIM

Founded Smith Equities Corporation in 1990 and has over 47 years of experience in owning, rehabilitating, and managing his own apartments in the Orlando area./p>

Introducing BoomerangOffice.com CoWorking Space...

In response to the post-Covid era, Mr. Smith introduced BoomerangOffice.com, an innovative solution to cater to the changing workspace needs. BoomerangOffice.com offers hourly or daily rentals of office spaces within the SEREIA Headquarters at 350 E Pine Street. It provides a refreshing alternative to home offices, allowing individuals to work in a professional environment whenever they need it.

Education-Robert E. Smith, CCIM

Robert E. Smith attended Western Illinois University for two years (Macomb, IL.), transferred to University of Florida (Gainesville) in 1976 where he earned a Bachelor of Science Degree in Finance in 1977. He received his MBA from University of Central Florida (Orlando) in 1982. In May 1990, Mr. Smith received his Florida Real Estate Broker's License and in November, 1994 he received his CCIM designation.

Deals Closed By Property Type

As Founder and Broker of Smith Equities, Mr. Smith has been directly involved in the sale of the following commercial transactions by Property Type:

Property Type Deals Closed Units Total $
Apartments 155 23,028 $1,094,973,955
Condos 4 87 $8,006,000
Development Land (Conventional) 18 4,206 $113,654,947
Mortgage (Debt and/or Equity) 31 4,238 $169,394,000
NNN Retail 4 4 $9,050,000
Office 8 8 $14,760,000
Student Apartments 13 1,726 $224,124,966
Student-Development Land 5 1,135 $35,685,100
Warehouse 4 4 $8,144,250
Grand Total 242 34,436 $1,677,793,218

Leading Industry in Technology Innovations

In 1990, Mr. Smith spearheaded the development of the Advanced Multifamily Evaluation & Comparison System (AMECS), which allows investors to evaluate past property performance and compare the value per unit/square foot in the market. Since its creation, AMECS has enabled Smith Equities to evaluate Multifamily development potential for it's Multifamily Developer clients to allow them to understand the rent potential prior to submitting a LIO/Contract.

In 2007, Mr. Smith launched MyRentComps.com, a platform for apartment owners and managers to update rental data and generate rent comparisons. He received a U.S. business process patent in 2014 for its innovative market survey process.

Mr. Smith also developed ApartmentsNowAvailable.com and ApartmentsComingSoon.com, websites that provide property managers with tools to share real-time availability, rent details, and marketing materials with prospective tenants.

Other Professional Experience

Mr. Smith began his career at Martin Marietta (now Lockheed Martin) in 1978 as an Associate Industrial Engineer. His exceptional performance earned him recognition in the top 1% of employees in the Orlando division. Over the next nine years, Mr. Smith took on increasingly challenging roles managing high-value subcontracts, including projects valued over $63 million.

As a Subcontract Manager, Mr. Smith was responsible for negotiating complex deals with major aerospace companies, including Hercules, Allied/Bendix, TRW, and Hughes Aircraft. His proven ability to manage multimillion-dollar contracts and lead negotiations with top-tier suppliers sets him apart in commercial real estate. These skills have translated into success in structuring and closing multifamily transactions, providing clients with innovative solutions and a competitive edge in the market.

In 1987, Mr. Smith transitioned to commercial real estate, where he has since leveraged his technical and negotiation expertise to create value for both buyers and sellers of multifamily housing.

Experienced in Re-Development of Multifamily Buildings in Historic District

Over the years, Mr. Smith owned and operated Lake Lawsona Apartments in Downtown Orlando. As shown by photos below, he help preserve the historic neighborhood by upgrading the hisoric buildings he owed. He was also directly responsible for changing the ordinance for Lake Lawsona Historic District to allow buildings to be built back within the setback areas in the event it was destroyed for any reason. This is the only district of the 6 historic districts that has this provision. He also cast the deciding vote that brought back brick streets around Lake Lawsona and even negotiated with the city of Orlando to place historic acorn lights around Lake Lawsona.

Lake Lawsona Apartments
"Before"

Lake Lawsona Apartments
"After"

All information contained herein was obtained from sources deemed reliable, but no representation is made as to the accuracy thereof and is submitted subject to prior sale, change of price/terms, or withdrawal without notice. Submission is also subject to errors and omissions. Duplication of this material is not authorized without written consent of Smith Equities Corporation. This information is being transmitted with the understanding that you are acting as a principal. Real Estate commissions can only be paid to licensed real estate brokers who have a separate written agreement with Smith Equities Corporation.