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Robert F. Monchein, president of Forest City Land Group, has 30 years of real estate experience behind him. Monchein's main responsibility is the ownership and management of the group's land development portfolio, which includes all phases of land acquisition, financing, planning, development, marketing and sales. The Land Group is a full-service real estate development unit capable of handling every phase of land development. It specializes in planned unit developments and is currently in nine states. During Monchein's tenure, the Land Group's sales have consistently increased from a level of $10 million annually to over $90 million in 2005. Monchein has effectively closed more than $1 billion in sales and 30,000 units by using complex and creative financial transactions, along with diversity in establishing housing developments to include commercial amenities, single-family, custom home, cluster, townhome and triplex units.
Monchein recently successfully completed a 1,300-acre site in Henderson, Nev., consisting of 3,300 sublots, three commercial parcels, and 293 custom estate lots with an average price of $278,000 per lot. Life of the project sales have totaled $190 million.
Having been with Forest City Enterprises since 1979, Monchein attended Ohio University, the University of Massachusetts and the Ohio Real Estate Institute at Ohio State University. His past work experience includes ownership and management of a building and land development company and the position of assistant vice president of real estate with a national bank. Monchein is an active member of local, state and national Home Builder's Associations, the Urban Land Institute and the National Association of Realtors. Monchein holds an Ohio Broker's Real Estate License with a GRI designation. He also serves on the Foundation Board of Lorain County Community College of Ohio, Northern Ohio Kendal Board and is chairman of the board of The Ohio Wetlands Foundation. | 