Justin D. Ericsson, Vice President of Finance and Marketing, Interim Director
Mr. Ericsson received a B.S. in Business Management and Finance from Arizona State University in Tempe, Arizona. Mr. Ericsson’s professional background combines extensive experience in software development, marketing, real estate, and creative financing for emerging companies.
Mr. Ericsson is currently the co-Founder and Managing Partner of Profit From Rentals, LLC, a successful turnkey cash flow real estate company with over 40 million dollars in managed or sold real estate assets in Chicago, Illinois, over the last five years. Mr. Ericsson, through his operations in the low income Chicago housing market, has provided numerous local jobs and affordable housing for hundreds of tenants in one of the hardest hit economic communities in the Midwest. Mr. Ericsson’s achievements have been recognized in the Chicago community with a recent nomination to serve as a board member for the Chicago Housing Authority, which is the second largest federal government funded housing program in the United States. In addition to co-founding Profit From Rentals, LLC, Mr. Ericsson has successfully managed the acquisition, sales and marketing of over $100 million in real estate assets across the united states, owned and sold several successful technology companies and created a name for himself as a visionary entrepreneur with a highly trained eye for opportunity.
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Gulf Marine Institute of Technology
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John D. Ericsson, GMIT Chief Executive Officer and Managing Director
Since 1995, Mr Ericsson has served as managing director of Gulf Marine Institute of Technology, a publicly and federally supported nonprofit marine research institute [501(c)3], which has received numerous equipment and research grants for aquaculture research & development. From 1979 to 1989, Mr. Ericsson was an independent consultant advising in the fields of energy, cogeneration and marine aquaculture to various companies and institutions in the United States. Over the years, he has raised well over $ 22.0 million bringing numerous projects to fruition through investors, donations, and federal funding. These include hydrocarbon exploration and development, electric generation plants, offshore sea farming, and advance marine biological research and development.Mr. Ericsson, is the inventor of the SolarMagnatron™ "patent-approved" technology. He has considerable expertise in a wide range of industry ranging from oil and gas operation, energy generation, fish farming and advanced biosystems technology R&D. He founded AlgaStar Inc. in 2012 as the licensed commercial developer of his USA patent-approved "SolarMagnatron" technology. Mr. Ericsson received a B.S. degree in Business Management and Marketing from the University of Tulsa in 1974. He is listed in Who’s Who of American Inventors 1996-1998, holding United States patents for the Sea Trek Ocean Farming System and the Sea Star Oyster Relay System. He has been a member of the World Aquaculture Society and the Aquacultural Engineering Society and has been honored by the Massachusetts House of Representatives for “his outstanding contributions to the fishing industry.” Mr. Ericsson was featured in the October 23, 1995, issue of Forbes Magazine in the Science and Technology section featuring his space-ship-looking patented “Sea Trek” offshore ocean farming system.