About the Principal Advisor

Real Estate Professional with 30 Years of Experience

Jeffrey Bishop, CCIM, CIPS, RPA, FMA

Principal Advisor

Effectuate, LLC DBA e-rum group

Jeffrey Bishop has over 30 years of experience as an executive involved in economic development and commercial and industrial real estate management. Bishop has served as a team member or developed teams with managed and leased portfolios that contained millions of square feet of space and thousands of acres of industrial and commercial land focusing on employment opportunities.

As the Principal Advisor for the e-rum group, Jeffrey Bishop is an economic development and commercial real estate advisor that can offer both an international reach and sector expertise across all property types. With Bishop's specific knowledge and experience, he is well versed in the factors that impact investment, such as market demographics, site plans, market and political risk assessment, feasibility, and financial analysis. Bishop brings the highest value proposition to his clients via a comprehensive and unique knowledge base. Bishop has a long history of working with international investors and companies, notably in East Asia and Europe.

In addition to developing and funding site-specific infrastructure Bishop has extensive experience in managing the primary services needed to support those developments in one of the most complicated entitlements/permitting regions of the United States. These vital services include energy projects, water/wastewater treatment systems, and transportation assets in addition to numerous warehouses, office buildings, and mixed-use properties. Active in government relations, Bishop has testified before the United States Congress, various state legislatures, city and county councils, and numerous exchanges between international officials on trade, economic development, and real estate matters. This unique experience base working inside the organizations that advocate and regulate real estate development provides Bishop with insight into the motivations controlling decisions that impact project viability.

Notably, Mr. Bishop led the negotiation of the $25 million tri-party option agreement for the $11 billion (about $34 per person in the US) Jordan Cove Energy Project, which resulted in the acquisition of over 2,000 acres (about the area of Philadelphia Airport) of industrial and estuary lands and the subsequent initiation of an epic $500 million-plus entitlement process. This option agreement between the Oregon International Port of Coos Bay, the Weyerhaeuser Company, and the developer, Pembina Pipeline Corporation of Canada, involved seven law firms and took over one year to complete. Bishop also provided the vision behind the $16 million acquisition of the Coos Bay Branch of the Central Oregon and Pacific Railroad and the subsequent generation of $40 million of injected capital to reopen the line as the Coos Bay Rail Line. This effort led to the first meeting of the United States Surface Transportation Board outside of Washington DC and developing a consortium of state and federal leaders to fund the acquisition and refurbishment of the line. More recently, Bishop led the team that completed the deal to develop a flight test center for the FAA and JCAB type certification of Mitsubishi Heavy Industries' new 'SpaceJet' regional jet, another multibillion-dollar project.

Since 2001 Bishop holds the CCIM Designation from the CCIM Institute and the Real Property Administrator (RPA) and Facility Management Administrator (RPA) designations from BOMI International. CCIM stands for Certified Commercial Investment Member. The CCIM lapel pin denotes that the wearer has completed advanced coursework in financial and market analysis and demonstrated extensive experience in the commercial real estate industry. CCIM designees are recognized as leading experts in commercial investment real estate.

The CCIM designation represents proven expertise in financial, market, and investment analysis, in addition to negotiation. Courses in these core competencies are taught by industry professionals, ensuring all material reflects the state of the industry.

Bishop also holds the Certified International Property Specialist (CIPS) as a global real estate professional who has achieved the specialized training and experience to complete international real estate transactions seamlessly and with reduced risk. The CIPS designation is synonymous with advanced expertise in marketing real estate internationally and a distinct understanding of the global buyer.

The CIPS designation is the only International Designation recognized by the National Association of REALTORS®. Licensed as a real estate broker in Alabama, Oklahoma, and Washington, Bishop also attended the University of Central Oklahoma, Wichita State University, and did his graduate studies at the University of Oklahoma.

Services provided by the e-rum group include but are not limited to:

Market Analysis

Feasibility Analysis

Strategy Development

Relationship Building

Business Development

Economic Development

Negotiations

Trade Missions and Sister City Management

Real Estate Brokerage Services

Broker Price Opinions

Due Diligence Reports

With a broad pallet of experience and education, there are many advisory services that the e-rum group can provide, and we are happy to explore those options with you.

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EXPERIENCE

Real Estate Consultant and Broker

The United States of America & Republic of Korea

CEO of Effectuate, LLC (first formed in 2011), a concierge real estate and economic development consulting firm focused on foreign direct investment and employment-centric (economic development) land uses in real estate brokerage and consulting. Provides corporate real estate, facility management and business agent services on retainer to an international food products producer.

Developed feasibility studies to determine the market and financial viability of real estate developments in both the United States and the Republic of Korea. Provided expert advice on the drafting of community development strategies in a federally funded planning effort. Evaluated and performed a peer review of another consultant’s work for a confidential client (competitor threat analysis). Provided expert advice on business opportunities to other consultants, municipalities, and port authorities in intergovernmental relations, sister community agreements, real estate, and economic development.

2022 to Present

Manager, Property Management and Acquisitions Services Unit

Seattle Parks and Recreations Department, City of Seattle, WA

As Property and Acquisition Services Manager, I lead the Seattle Parks and Recreation (SPR) Department’s Property Team of 7 real estate professionals charged with overseeing all aspects of SPR’s real estate functions for a portfolio that consists of approximately 10% of the real estate in Seattle. The team is responsible for the property acquisition program, which involves long-term strategic planning to identify property needs and opportunities around the city, matching acquisition goals with various funding sources (including grants), and effectuates acquisition transactions from offer through negotiations, approval legislation, and subsequent closings for the purpose of adding new land to the park system to meet community needs for open space. The team is responsible for significant inter-agency coordination with a variety of other City departments and outside agencies addressing a wide range of overlapping property-related interests and needs. The unit's duties also include property management. Under this third line of business, SPR’s Property Team manages a large and exciting portfolio of properties, including a multitude of natural areas, neighborhood parks, playgrounds, athletic fields, off-leash dog areas, golf courses, 25 miles of boulevards, and a variety of biking and pedestrian trails. The Property Team also advises senior executives and colleagues throughout the department on real estate matters and conducts property-related research and due diligence in support of park development projects.

2021 to 2022

Senior Real Estate Specialist

City of Tacoma, WA

Primary responsibility was the management of city-owned properties on the Thea Foss Waterway which contains the City’s Marinas and many museums previously developed and managed by the Foss Waterway Development Authority.  Also interpreted and enforced prior development agreements for specific performance.  These were special duties performed in addition to serving as a technical expert for Real Property Services in the areas of commercial and industrial real estate and traditional municipal real property.

The responsibilities of the Senior Real Estate (SRS) classification include providing professional, high-level services in the management of rights of way, transportation certifications, utility rights of way, street vacations, real property management, and real property acquisition/disposition. The SRS performs technical work associated with negotiation and acquisition of rights of way for road improvement, construction, and utility projects. The position reviews right of way and construction plans for accuracy and conformity to applicable laws, and regulations and also interprets and explains procedures, policies, and local, state, and federal regulations. Other SRS duties include review of development permit applications, participates in review panels for various entitlements, document preparation including deeds, easements, legal descriptions, franchises, and other legal documents.

2014 to 2019

Executive Director (Chief Executive Officer) Port of Moses Lake, WA

I was responsible for the executive branch of a special district government dedicated to economic development, real estate development, industrial development, property management, international trade, supply chain, freight mobility, warehousing, and aerospace facilities, encompassing over 5,700 acres, including the 6th largest commercial airport by runway length in the United States and all related terminal concessions and a successful foreign direct investment program involving investment from Norway, Sweden, Japan, China, France, and Germany. Responsible for executing delegated authority from the governing body in the form of expenditure and contract authority with full personnel authority. Responsible for full profit and loss oversight, budget preparation, accounting, and financial management. Planned and evaluated policy development and was responsible for implementation and program evaluation.

Oversaw and completed a major initiative of capital improvements that doubled the Port's industrial wastewater treatment and the centralized fire suppression system plus the construction of both a wide- body and a narrow-body hangar for the type certification of the Mitsubishi Regional Jet (later renamed the SpaceJet). I supervised the integration of 300 Japanese nationals into the Moses Lake community facilitating education, recreation, medical, housing, and other lifestyle necessities for the expatriate workforce. Successfully nurtured the growth of the initial employment projections from 150 to 400 by creating a strong cultural relationship with Mitsubishi Aircraft Corporation and Mitsubishi Heavy Industries.

Extensively involved in international trade issues via the management, marketing, and operation of the federally authorized Foreign Trade Zone #203, one of the most extensive alternative framework FTZ's by geography in the United States covering almost all of Central Washington State. Dealing with trade issues involving chemicals, energy, and advanced materials—operated representative offices in Japan, China, Korea, and Europe. Successfully supervised and devised a strategy for negotiations with the United States Air Force leading to a new lease with a 100% increase in contract income, making aviation income exceed industrial income for the first time in the history of the Port.

I developed a strategy to advance the capital funding of an eleven-mile railroad expansion project that had languished for twenty years. The project recently obtained its environmental approvals after receiving a $20.1 million appropriation from the State of Washington and a $9.9 million INFRA grant from the United States Department of Transportation. Supervised and funded via a grant the preparation of an EIS for a planned action under the State Environmental Protection Act for a 1,200-acre employment center at Grant County International Airport with no public objections and only one comment from a state agency.

Developed a strategy to market and promote Grant County International Airport as a preferred site for multi-national military exercises and flight tests. Supervised the coordination of site-specific flight tests of the KC-46 between Boeing, the FAA, and the United States Air Force.

I planned, led, and developed budgets for three international trade missions per year to Europe, China, Taiwan, Japan, and Korea for board members and legislators. Focused sectors included aerospace, automotive, advanced materials, energy, chemical, and agriculture products.  I supervised a team effort to develop and deliver a 2,000-acre development in cooperation with two private developers. Operating revenue during my tenure increased by over 60%.

2012 to 2014

City Manager/City Clerk (Chief Executive Officer) City of Miami, OK

I was responsible for a full-service municipality's day-to-day operations and supervised all departments (Fire, Police, Engineering, Community Development, Facilities, Real Estate, Electric, Water, Wastewater, Sanitation, Regional Airport, Library, Parks, and Recreation, Community Center, Senior Citizen Center, Central Supply Warehouse) and full personnel authority, accountable to an elected governing body. Trust Manager for three public authorities: Miami Special Utility Authority, Miami Downtown Redevelopment Authority, and Miami Community Facilities Authority.

Successfully delivered a voter-approved financing package and staffed a new public trust comprised of the City of Miami, The Oklahoma Agricultural and Mechanical Colleges (OSU/A&M) system, and the Miami Public School District to redevelop a college football/soccer stadium. Envisioned and supervised the development of a program to increase the community’s tourism by creating a sports bureau to market the community’s sports facilities to organized sports programs and tournaments, baseball, softball, soccer, football, and other events such as clogging. Supervised the coordination of the visitor and convention bureau with tribal casino operators.

I developed and implemented a strategy to correct deficiencies discovered by a citizen-initiated state audit of the municipality's business affairs that existed before my tenure: including comprehensive revisions to bidding procedures, contracting practices, internal controls, sunshine law compliance. We reversed a five-year trend of declining fund balances via a priority-based budget model, a reorganization plan, and a voluntary reduction in workforce, resulting in over an 84% increase in the city's financial reserves. We created a rainy-day fund with a mandatory funding formula that kept the municipality functioning throughout the COVID-19 Pandemic. We outsourced the city's pension system increasing the annual ROI from 1% to over 9% and insulated the governing body from personal liability.

2005 to 2011

Chief Executive Officer,

Oregon International Port of Coos Bay Coos Bay, OR 97420

The Chief Executive Officer (CEO) for the Oregon International Port of Coos Bay is responsible for the overall administration of the Port's fiscal management, including delegated expenditure and contractual authority, development and maintenance of all Port facilities and properties, and other tasks as assigned by the Port Commission. The CEO serves at the will of, reports directly, and is responsible/accountable to the Port Commission. Supervises and coordinates negotiation of collective bargaining agreements, rental/lease agreements, and other related business transactions. Responsible for the maintenance of all Port facilities, compliance with all applicable laws and regulations, and the securing of all permits from regulatory agencies necessary to conduct Port business.

I worked with the Oregon State Legislature to secure $60 million for a dredging project as an inducement for potential construction of a 2 million TEU container terminal by a European terminal operator, interfaced with the U.S. Army Corps of Engineers at the district, division, and headquarters level. I also lobbied Congress annually for federal dredging appropriations. Coordinated siting of a proposed $3.5 billion liquefied natural gas terminal (now reported at over $ 11 billion). I negotiated a $25 million option agreement between the Weyerhaeuser Company and Veresen, the LNG terminal developer, which involved over six separate legal firms (including the Oregon Attorney General's office).

Formulated and led a strategy to force the sale of a short-line railroad via the U.S. Surface Transportation Board and then successfully raised tens of millions in capital to re-establish freight rail service for area mills preserving an estimated 2,000 direct regional jobs (designated as the Short-line Railroad of the Year by Railway Age Magazine in 2015).

I was engaged with international trade issues, primarily in the forest products and energy sectors. I planned, led, and developed budgets for semi-annual international trade missions for board members and state officials to Japan, China, Taiwan, Germany, Portugal, and the Netherlands.

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Supervised the operations of the Charleston Marina Complex home of the University of Oregon Marine Biology Program and the United States Coast Guard Station. The Charleston Marina is a full-service marina comprised of retail, RV Parks, Marine Interpretive Center, Fishing piers, and processing facilities both commercial and recreational. The Port also owned and operated a commercial ice plant for both recreational and commercial fishing vessels. Charleston is also the entrance to the South Slough National Estuarine Research Reserve a very popular site for tourists and community recreation.

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2001 to 2005

Manager, Industrial Development, Port of Tacoma, Tacoma, WA 98401

I managed Foreign Trade Zone #86, was responsible for most Port real estate acquisitions and dispositions, accountable for the marketing of the Frederickson Industrial Area and the property management of the Fabulich Center (office tower), and was Port representative on the Frederickson Community Planning Board for Pierce County Planning Department, Acting Line of Business Leader for the Specialty Cargo (Grain, Forest Products, Alumina, Gypsum) Line of Business (2003-2004) until its dissolution via absorption into other lines of business.

I provided effective and strategic management and oversight of assets throughout all stages of the asset life cycle. Reviewing customer requirements, determining space requirements, establishing functional criteria, and monitoring the build-out of greenfield development and tenant improvements. Provided advice and guidance on technical problems or issues in areas such as acquisitions and condemnations. Contributed to the development of and recommended policies, long-and short-range objectives, the establishment of priorities, and the development of activities in several lines of business. Responsible for conducting proforma financial analysis and life cycle costing for investment decisions in capital improvements, acquisitions, and dispositions.

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Served as project manager for the acquisition and remediation of a former aluminum smelter for future terminal development. Served as liaison with the City of Tacoma, Lakewood, Fife, and Pierce County governments for the advancement of the Port's real estate development priorities.

1996 to 2001

Director of Properties and Development, Port of Pasco, Pasco, WA 99301

Managed and marketed three industrial parks with more than 1.5 million square feet of commercial/industrial space and over 900 acres of land, including an intermodal container terminal and a marine bulk terminal on the Columbia River. Responsible for property management and asset management (oversaw the completion of a redevelopment master plan for a 600-acre industrial and office park), a 40-acre brownfield environmental remediation, tenant improvements, sales, marketing, and trade shows. Responsible for project management for numerous water and sewer lines, including industrial waste lines, street reconstruction and resurfacing, over twelve acres of roof reconstruction, multiple rail lines, dock/berth reconstruction, and replacement of the container crane. I developed a new master plan to increase recreational uses of the waterfront along the Columbia River by an act of congress to relax flowage easements in the Water Resources Development Act.

Managed a wide range of large-scale, complex, and high-visibility real estate transactions for commercial office and industrial space by researching, interpreting, and applying knowledge of real estate laws, regulations, and practices. This experience included performing the following work: Lease acquisition including negotiating, preparing, and executing real estate contracts; conducting market surveys and real estate site inspections; performing real estate project management to manage projects from inception to closeout; conducting cost analyses for real estate transactions; monitoring lease transactions and documents for procurement and financial accuracy; and analyzing and providing technical advice and direction in the development and implementation of real estate policy.

1987-1996

Served in capacities as city manager and analyst for various municipalities.

1985-1986

Business Broker – VR Business Brokers

EDUCATION

University of Oklahoma, Norman, Oklahoma

31 (of 36) hours toward a Master of Public Administration Degree 1987-88

Central State University, Edmond, Oklahoma

Bachelor of Arts in Political Science/Municipal Management May 1987

Presidents Honor Roll

Northeastern Oklahoma A&M, Miami, Oklahoma Associate of Arts, May 1984

DESIGNATIONS AND LICENSES

• Certified Commercial Investment Member (CCIM) of the CCIM Institute #9700

• Certified International Property Specialist (CIPS) National Association of REALTORS®

• Real Property Administrator (RPA) & Facility Management Administrator (FMA) Designation #0050413 Building Owners and Manager's Institute

• Certified Real Estate Investment Planning Specialist (CREIPS) from The National Commercial Real Estate Association

• National Commercial Real Estate Advisor (NCREA), from The National Commercial Real Estate Association

• Managing Broker License #182516, Oklahoma Real Estate Commission

• Managing Broker License, Washington State Department of Licensing, #27946

• Associate Broker License, Alabama Real Estate Commission #000129480-0

• TWIC -- Expires September 2024

• APEC Membership – Expires 2023