Michael T. Fay became President of Colliers Abood Wood-Fay in September 2005, when Abood Wood-Fay Real Estate Group acquired the Colliers South Florida offices. As President of the firm Mr. Fay is responsible for strategic growth and elements of marketing for the firm. In addition, he is the principal responsible for the production and profitability of the sales division of the firm and one of the firm’s lead dealmakers. Over the course of his career, he has closed over $2 billion in transactions. Mr. Fay is spearheading Colliers Abood Wood-Fay’s Distressed Property Services Group and the Colliers Automotive Real-Estate Services (CARS) Group.

Mr. Fay previously served as President of Abood Wood-Fay, formed in 2002 when he merged his firm Wood-Fay Realty Group with Abood & Associates. Prior to the formation of Abood Wood-Fay, he was President of the Wood-Fay Realty Group. He and Thomas D. Wood established the firm in July, 1989 as a highly specialized commercial real estate brokerage firm. Their activities included the sale of commercial and industrial properties in addition to various advisory services performed for their clients. Within the sales activities, they handled the representation of sellers and buyers through acquisition and disposition of investor and user properties.

Mr. Fay was not only President and Principal of Wood-Fay Realty Group, but he has also been the firm’s leading investment sales broker. Included in his list of clients and representations are a number of insurance companies and financial institutions who have enlisted him to advise and/or sell properties from their REO portfolio. In the past several years, he has been engaged in the management and liquidation of a large portfolio of properties for the U.S. Marshals Service. He has also assisted industrial users in expansion, liquidation or consolidation of their real estate assets. Investors have relied on him for the acquisition or disposition of income producing properties. He has worked with a number of users and investors who have been involved in eminent domain legal proceedings, which have created relocation and property replacement needs.

Prior to the inception of Wood-Fay Realty Group, Fay was a principal salesperson in development and management at the Ft. Lauderdale office of Hopkins-Easton & Associates. He began his real estate career as an Executive Management Associate for the Lennar Corporation. In addition to his real estate ventures, Fay is a former founder and director of Beach Bank on Miami Beach, now Sun American Bank.

Mr. Fay is married with two children. He resides in Miami with his family where outside of work he pursues his passion for surfing, boating and wakeboarding. In 2009 he placed third in the Veteran’s Division of the World Wakeboarding Association’s National Championship and seventh in the WWA’s World Championships Veteran’s Division.

Areas of Specialization
Commercial Sales Distressed Property Automotive Retail

Education
Mr. Fay earned his BA Degree in Business in three years from LaGrange College.

Achievements

Mr. Fay is the recipient of the 2003 Maroone/South Florida Business Journal’s Up & Comer’s Awards Program after being a four time finalist in 1993, 1994, 1996, and 1997.  Also in 2003 Fay received the NAIOP Award of Excellence in the Sale of the Year category.  Fay was also named a finalist in Ernst & Young/South Florida Business Journal’s Real Estate Deal of the Year Award for 2003, 1997 and 1996.  He is the recipient of the 2000 Commercial Realtor Association of Greater Miami and the Beaches’ “Pinnacle Awards”, taking 1st place as Top Producer in Office, Industrial, Land, and Income Property categories, and as overall Top Producer for 1999.  Again in 2001, he took 1st place in Industrial and Income Property categories, the winner of the “Deal of the Year Award” and NAIOP Deal of the Year 2003.  The Daily Business Review named him “Best Connected” in South Florida and in July of 2004, he was named “Heavy Hitter in Real Estate” by the South Florida Business Journal.

He is a former past president of the Commercial Realtor Association of Greater Miami and the Beaches and also a former member of the Board of Directors for Habitat for Humanity. Mr. Fay is a current member and Vice Chair of the Board of Directors for Informed Families/ The Florida Family Partnership, a nonprofit organization with education, training and support center for parents, schools and communities to help raise safe, healthy and drug-free children, and the “Say No To Drugs” and Red Ribbon Week sponsor.  Additionally, Fay has also served on the Advisory Board of the Jerome Bain Real Estate Institute of Florida International University and on the board of “Gift of Adoption”.  Mr. Fay is the youngest Senior Member of the Orange Bowl Committee, and is currently serving on the Miami-Dade Community Advisory Board for AvMed Health Plans.