Real Estate Industry Lead
Steve Nowack is the Real Estate Industry Lead for CTS Holdings, Inc. In this capacity, Steve draws on his significant financial operations and systems experience to advise real estate, hospitality, professional services and other clients on a full spectrum of issues including business process improvement, financial operations, reporting, litigation support, joint ventures, asset management, system conversions and acquisition integration.
Prior to joining CTS in 2006, Steve served as Director of Accounts Receivable Shared Services for Equity Office Properties, a publicly-traded REIT. As part of its back-office migration to shared services, Steve spearheaded the centralization of many accounting processes, in addition to his functional leadership role during an ERP system upgrade and business process optimization initiative.
Previously, Steve was a Principal at Arthur Andersen. In this role, he assisted clients with business process outsourcing (BPO) initiatives, including accounting and financial systems conversions (JD Edwards and Hyperion) across multiple industries, as well as serving as an interim CFO for selected clients.
As VP and Treasurer for Motels of America, Inc. (MOA Hospitality), a privately held owner-operator of over 140 properties in 34 states, Steve managed all facets of Finance & Accounting, IT, Treasury, and Tax Compliance, and was a key member of the acquisitions integration team. He also assisted with a Chapter 11 reorganization, including his role to establish new accounting and IT functions during a corporate office relocation. He also managed multiple aspects of an $80 million public-debt offering.
As VP of Development Accounting at VMS Realty Partners (Strategic Realty Advisors, Inc), he created and managed a new department to support the development portfolio growth to 60 diverse projects. Earlier in his VMS tenure, Steve served as Assistant Vice President of Partnership Accounting where he oversaw accounting and tax compliance for over 100 privately-syndicated partnerships that owned more than 200 properties.
Steve began his career as an Auditor with Ernst & Young. He earned his Bachelor of Science in Accountancy from the University of Illinois College of Business at Urbana-Champaign with High Honors. He is a Certified Public Accountant (CPA) and a member of the Illinois CPA Society.