H3 Consulting Group was established by Mr. Hauer with the mission to provide unusually high quality, hands-on, financial and and real estate transaction services and to take pride on being responsive and sensitive to our clients’ needs while working swiftly and aggressively to accomplish a common goal. We provide a wide range of advisory services including; interim management, disposition strategy and lease renegotiations, expert testimony, cash flow management and financial reporting, asset management and redevelopment.
As was the case in two of Mr. Hauer's previous companies, it will be crucial to create a model that will provide challenging employment opportunities for a diverse team of highly qualified professionals that truly understand the value of teamwork, and to create a culture that allows us to understand, plan and adapt to change on behalf of H3 and its clients. In addition to striving to exceed our client’s expectations at all times, we expect to give back to our communities and have fun professionally and personally.
Richard Hauer has been providing financial advisory, business restructuring and real estate consulting services to companies in transition, REITS, retailers, manufacturers, lenders, landlords and private equity firms for over twenty-five years and has consistently specialized in the retail, real estate, restaurant and manufacturing sectors. His expertise and respect for these industries began during his formative years while working for Deloitte as an auditor, and Vornado Realty Trust where he was an assistant controller and financial analyst responsible for identifying undervalued retailers and manufacturers. Mr. Hauer's underwriting process included valuing assets, debt obligations, operations, and management teams so he could recommend investment opportunities for Vornado to invest in operating companies, and then increase entity value by monetizing underutilized assets, restructuring balance sheets, and realigning management teams.
Throughout his career, Mr. Hauer has built and led many teams of highly educated professionals and started his first firm, Gemini Reality Advisors and Gemini Realty Management, after spending six years in the Financial Advisory practice of PriceWaterhouseCoopers. Since then, Richard has started and built other advisory and management practices on behalf of prominent accounting, restructuring and liquidation firms and successfully provided his services to a wide range of clientele. .
Prior to forming H3 Consulting, Mr. Hauer was a managing director with Executive Sounding Board Associates and BDO Consulting. While providing a wide range of business advisory and restructuring services, he acted as the Chief Restructuring Officer to a middle market manufacturer where he managed and led a highly sensitive situation until the company was sold. Additionally, he worked with the management teams of numerous retailers and restaurant owners to evaluate and restructure their operations and balance sheet. While at those firms, Mr. Hauer also represented the Unsecured Creditors Committee of Borders Group and Oxford Realty (a conglomerate of real estate entities), during their respective bankruptcy proceedings.
Mr. Hauer holds an MBA in international economics and finance from New York University’s Stern School of Business and a BS in accounting from Pennsylvania State University. Mr. Hauer is a Certified Public Accountant and has served for numerous years on the Board of Directors for the New Jersey Chapter of Turnaround Management.
Ames Department Stores, Inc.
BDO
Christopher Banks
Chrysler Corporation
Comdisco, Inc.
Estate of Solomon Dwek
Eagle Food Centers, Inc.
Fairfield Residential Trust
Fortunoff Stores
Freidmens Jewelers
Gloria Jean’s Coffees
Hechinger’s Liquidation Trust
KFC Franchisee
Kimco Realty Trust
Lake Las Vegas
Lubert Adler
Murry’s Fine Foods
National Realty Development
Nomura Securities
S&K Menswear
ShopKo Stores
Rag Shops
Tiger Capital
Totes/Isotoner
U.S. Department of Housing and Urban Development
Unsecured Creditors Committee to Best Products, Inc
Unsecured Creditors Committee to Borders Book Stores
Unsecured Creditors Committee to Levitz Furniture
Unsecured Creditors Committee to Oxford Realty
Unsecured Creditors Committee to Sun Television
Unsecured Creditors Committee to Venture Stores
Vornado Realty Trust