Donald Feathers is a CPA and commercial real estate development executive with over $1 billion in development experience. He has expertise in financing, capital raising, and negotiations. As an owner of Roaring Fork Advisors, he provides real estate consulting services and has participated in projects totaling over $145 million. Previously, he was CFO/COO of a real estate developer with over $400 million in projects and CFO of a construction firm with $75-100 million in annual revenue.

1. DONALD R. FEATHERS, CPA
1215 O’Bannon Creek Lane 513.550-3765
Loveland, Ohio 45140 dfeathers@cinci.rr.com
Areas of Knowledge and Expertise
Commercial Real Estate Development Executive
Completed over $500,000,000 in Traditional and Secondary Commercial Real Estate Financing and Capital Raising at
Favorable Terms
Successfully Negotiated $47,000,000+ Joint Venture with Publicly Traded REIT
Closed $98,000,000+ in Public Finance on Development Projects
Completed over 7,200,000 Square Feet or approximately $1Billion in Commercial Real Estate Developments
Oversight of 2,500,000 Square Foot Property Management Company
Successfully Negotiated $200,000,000+ Loan Workouts and Due Diligence Work
Proven ability to work independently as well as perform as a team member. Demonstrated organizational and negotiation
skills and the ability to prioritize multiple tasks, often with conflicting deadlines. Strong qualities in leadership, problem
solving, planning, team building and project management skills.
Experience and Accomplishments
Roaring Fork Advisors - www.rf-advisors.com February 2009 to Present
Owner -
Roaring Fork Advisors is located in Cincinnati, Ohio and provides real estate portfolio consulting services to developers,
investors and private lenders, including strategy formulation, financing, capital raising, asset management, due diligence,
property management and disposition services.
• Turnaround advisor for real estate developers that had over $145,000,000 in guaranteed debt
• Participated with a National REIT in the REO purchase of a 585,000 square foot Mixed Use Class A Office and Retail
Development located in Cincinnati, Ohio
• Successfully negotiated Loan Workouts with lenders for commercial real estate loans in excess of $200 million dollars
• Provided due diligence and strategic formulation on mixed use projects with over 1,500,000 square feet of retail and
office space for National REIT
• Prepared and presented to multiple national equity providers to raise over $100 million dollars to stabilize a
commercial real estate portfolio with debt in excess of $250 million dollars
• Restructured Commercial Real Estate Debt on Two Development with Debt of $70,000,000 via a Chapter 11 through
Court Appointed 363 Sales
• Workout on eight Non-Recourse loans with CMBS lenders
• Successfully Negotiated a 50% reduction in a Non-Recourse CMBS loan with lender due to property cash flow issues
• Provided acquisition and due diligence services on multiple commercial real estate transactions to investors and
distressed funds

2. DONALD R. FEATHERS, CPA – Continued
Vandercar Holdings, LLC April 2007 to February 2009
CFO/COO – Report to Owner
Vandercar Holdings is located in Cincinnati, Ohio and is a full scale real estate developer specializing in industrial and
retail development across 7 states totaling more than $400 million in development.
Responsibilities include all aspects of financial reporting, capital raising, debt management, bank and treasury
management, risk management and insurance, strategic planning, tax planning, real estate investment feasibility, and
financing. Key accomplishments include:
• Obtained raw land/land development loan for $19.3 million to purchase 429 acres of raw land and develop
approximately 160 acres with no equity required by owner at favorable terms – See www.corridor75.com for project
description
• Negotiated with BMO Capital Markets, Fidelity Investments, Opus and Prologis to raise $100 million from institutional
investors for an industrial development
• Closed financing for $19 million bond offering thru local Port Authority for public infrastructure and storm water
detention on 429 acre industrial development
• Completed a $47 million joint venture with publicly traded Prologis to build a 656,600 square foot rapid deployment
center for Home Depot in Cincinnati, Ohio
• Obtained $22 million loan to build a 650,000 square foot spec distribution warehouse – total equity requirement was
10% of costs – 5% up front and 5% with each loan draw
Cincinnati United Contractors, Inc. August 2001 to April 2007
CFO – Report to Company COO
Cincinnati United Contractors, Inc., is a turn key General Contractor/Developer operating out of Cincinnati, Ohio.
Company provides General Contracting, Design/Build, Land Development, Financing and Property Management services
to wide variety of clients and has Company wide revenues ranging from $75,000,000 to $100,000,000+.
Responsibilities include all aspects of financial reporting, human resources, cash management, bank and treasury
management, risk management and insurance, strategic planning, tax planning, real estate investment feasibility, and
financing. Manage the accounting and finance departments as well as legal, accounting, audit and tax consultants. Key
accomplishments include:
• Deferred Taxes in excess $5,000,000 thru use of use of IRS Codes and Cost Segregations
• Obtained Project Financing and Long Term Financing in excess of $50 million and Lines of Credit in excess of $60
million in the past twenty-four months at favorable terms
• Responsible for total financial management and financing of approximately 25 different entities, from formation thru
closure
• Reduced monthly closings of financial results for 25 different entities from 60 to less than 20 days
• Managed 3 IRS audits that all resulted in no change to the original returns
• Implemented Timberline Accounting and Property Management Systems

3. DONALD R. FEATHERS, CPA – Continued
• Managed three substantial general liability insurance claims during 2005 and made changes to processes and
procedures to improve controls over risk management
• Completed like kind exchanges on various real estate transactions and corporate aircraft transactions
• Managed the sales process and closing of four buildings consisting of 550,000 square feet for a sales price in excess of
$44 million dollars
Steyer Huber & Associates, Inc. September 1998 to August 2001
CPA – Advanced from In Charge to Senior Manager
Monitor and manage the work flow and due dates for assigned clients. Supervise and train new staff and in-charge
accountants. Manage and review work performed on assigned clients and ensure the work is performed in a prompt
efficient manner. Manage financial statement audits on various types of companies to ensure that their financial statements
are presented fairly and in accordance with Generally Accepted Accounting Principles. Ensure the establishment and
maintenance of proper accounting and financial systems for companies. Engage in consulting services for existing clients
and promoting consulting to existing clients by evaluating information gathered during audits and examinations. Review
federal and state corporate and individual tax returns prepared by staff to ensure compliance with federal and state tax
laws and regulations. Perform tax research and planning on different issues brought to attention by performing year end
work.
Lentol, Violet, Kienitz & Company 1996 to 1998
CPA- Advanced from Staff to In Charge
The Citizens National Bank 1993 to 1995
Head of Internal Audit
Education
University of Cincinnati, College of Business Administration Cincinnati, Ohio
Bachelor of Business Administration in Accounting, June 1993
Activities
St. Margaret of York Athletic Boosters – Treasurer
St. Margaret of York Parish – Football Coordinator and Coach
St. Margaret of York Parish – T- Ball Head Coach
Fairways at O’Bannon Creek HOA – President & Treasurer
Knights of Columbus – Treasurer
Dale Carnegie Graduate