Howard Wang MBA
About
Howard Wang MBA is from Dallas, Texas, United States. Howard is currently Co-Founder & Managing Partner at Pine Spring Capital, located in Dallas, Texas, United States. Howard also works as Founding Principal at Alpha-One Capital, a job Howard has held since Dec 2016. In Howard's previous role as a Associate, Property and Portfolio Valuation at Integra Realty Resources, Howard worked in Houston, Texas Area until Dec 2019. Prior to joining Integra Realty Resources, Howard was a Analyst, Real Estate Advisory Group at Duff & Phelps and held the position of Analyst, Real Estate Advisory Group at Greater Denver Area. Prior to that, Howard was a Mechanical Estimator - Project Control at Bechtel Oil, Gas, & Chemicals, based in Houston, Texas Area from Sep 2015 to Apr 2016. Howard started working as Senior Equity Research Analyst at M.A. WRIGHT FUND, RICE UNIVERSITY in Houston, Texas Area in Jan 2016. From Jun 2011 to Sep 2015, Howard was Senior Procurement Specialist at Bechtel Oil, Gas, & Chemicals, based in Houston, Texas Area.
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Howard Wang MBA's current jobs
At Pine Spring Capital, the three co-founders jointly lead acquisitions, investment strategy, capital formation, and asset management. Each of us brings over a decade of hands-on experience in full-cycle multifamily investing across high-growth U.S. markets. We are singularly focused on risk-adjusted returns and capital preservation—executing disciplined strategies to protect and grow investor wealth. Track Record Highlights: (across the 11,000+ units that the PSC partners have previously sponsored) • Zero exposure to floating-rate debt • No missed debt service payments • No investor capital calls • Median project-level IRR in the high teens on realized full-cycle deals We invest with conviction, prudence, and alignment—building enduring value for our partners.
*For the new acquisitions, we are merging Alpha-One's efforts into the Pine Spring Capital partnership. • Sourcing, underwriting, financing, and operating high-potential apartment deals in Texas Target Acquisition Criteria: • Value-add workforce apartment housing • 1980 or newer Vintage • 100+ units • Location Grade B or better • Stabilized operation with 90%+ occupancy • Positive interest rate leverage on a fixed-rate agency loan
Howard Wang MBA's past jobs
• Provided valuation and advisory services covering multi-tenancy properties including Multifamily, Retail, Office, Industrial, Hospitality, and Mixed-Use. • Constructed and improved in-depth financial models in ARGUS Enterprise (AE) to underwrite and analyze cash-flow, return, risk and other valuation metrics. Integrated the models for DCF analysis. • Developed hundreds of comprehensive appraisal reports with opinions developed from researching market fundamentals and transactions in Costar, MLS, Spotlight, REIS, and county data.
• Engaged with a wide range of clients in private equity and REITs. e.g., Blackstone, Brookfield, GGP, Mesirow, Harrison Street, Forum Equity, Global Net Lease, American Finance Trust, and other financial institutions for over $600M of value consulting projects and $15B of M&A transactions. • Completed purchase price allocation (PPA) for financial reporting purposes in accordance with ASC 805 Business Combination by estimating fair value and remaining useful life of tangible and intangible assets and liabilities. • Served multi-states property territories including Colorado, Arizona, Utah, and Idaho.
• Modeled cost assessment system for mechanical equipment, bulk material, and labor hour to develop lump sum bid proposals and reimbursable cost estimates for global LNG and pipeline projects. • Constructed regression model for smart price prediction of technical equipment to perform data-mining. • Analyzed estimating data and imported into Tableau for graphic visualization of project benchmarking • Developed bid tab distribution to translate pricing information from procurement into estimating system.
The Wright Fund is a student-run investment fund offering Jones Graduate School of Business (JGSB) students the opportunity to make real decisions with real money and experience real results. Students taking part in the program apply and are hand-selected from the many. Annually, only 24 JGSB MBA students can claim this honor. • Conducted extensive industry-wide fundamental research and company-specific financial analysis (GAAP) to generate investment ideas in publicly traded companies with unique point of views that differ from market consensus in the biotechnology and information technology sectors. • Evaluated opportunities by incorporating key assumptions in detailed proforma income statement and balance sheet that provide data for DCF model and price multiples valuation methodologies. • Presented thesis to Investment Committee in terms of return, risk, suitability, and price target. • The Fund’s outstanding performance supports Rice university scholarships.
• Collaborated cross-functionally with the engineering team and global suppliers in the evaluation and execution of more than 200 purchase orders with a total value exceeding $35M. • Managed contract compliance for delivery of customized valves on-time in accordance to project specifications and quality requirements. • Led milestone meetings and conference calls to proactively resolve technical challenges, commercial issues, and time-sensitive requests from job sites that impact project schedule/cost. • Negotiated over 8% of cost savings as well as for schedule, terms and conditions. • Completed certifications in six-sigma yellow belt and supply chain professional.