KAREN RICHARDSON

P.O. Box **** Mindanao Way, Marina Del Rey, CA 90680

951-***-**** 323-***-**** sce0ex@r.postjobfree.com

EXECUTIVE REAL ESTATE MANAGEMENT

Commercial ¡ Retail ¡ Residential ¡ Industrial ¡ Hospitality

Accomplished, seasoned Real Estate Management Professional with 19+ years proven experience in multiple areas of expertise; knowledgeable in legal real estate procedures with extensive certifications in Paralegal and Property Management fields. Strong leadership, negotiation, and interpersonal/written skills; demonstrated skills building strong business relationships as well as identifying/implementing effective solutions to complex problems. Detail-oriented, self-motivated team player who remains poised under pressure/time constraints, multi-tasking to manage priorities at high levels of responsibility and authority.

Excellent computer skills; technically proficient in variety of property management/hospitality software, as well as spreadsheets, word processing, database, project management, desktop publishing, internet publishing, and accounting software. Member NARM, NPMA with additional capabilities in:

¡ Legal/Real Estate Procedures ¡ Lease/Tenant Negotiations ¡ Personnel/Property Management

¡ Real Estate Valuations ¡ Marketing Analyses ¡ Employee/Tenant Safety/Security

¡ Expense Controls ¡ Cash Flow Reporting ¡ Expenditure Tracking

¡ Maintenance Inspections ¡ Corporate Compliance ¡ Financial Performance Evaluations

¡ Merchant/Tenant Relations ¡ Contractor/Vendor Relations ¡ Construction/Renovation Management

CAREER ACCOMPLISHMENTS

Property Management

§ Managed variety of A+ real estate portfolio (28 commercial, residential, private dwellings; most properties over $3 million, 2004).

§ Participated in development and administration of strategic property plan/property budget objectives (saving T & T Realty $1.79 million annually, 2002-2004).

§ Served on board of directors for homeowners associations and as liaison between management companies and homeowners, managing HOA turnover process.

Negotiation

§ Negotiated lowest-cost purchase of labor/materials (without sacrificing best quality performance and value for customers), saving West Washington Properties, LLC $1.2 million, 1998-2002.

Accounting

§ Directed/managed day-to-day development and operations accounting functions for 35+ western regional properties valued at $700+ million (Regional Property Director, James Campbell Estate, 1990-1995).

Pending Certifications: CPM (Certified Property Management) Candidate, PCAM (Professional Community Association Manager),

CCAM (Certified Community Association Manager),

AMS (Accredited Management Services),

PMDP (Professional Management Degree Program),

CCIM Institute (General Candidacy Program)

Real Estate License – Ca 01407557

Tax Compliance License – R76225609

EXPERIENCE/SKILLS SUMMARY

Property Management

§ Implementing abstract leases, amendments, letter agreements, and other related documents.

§ Coordinating estoppels completions; negotiating lease extensions, terminations, modifications, etc.

§ Organizing/synchronizing maintenance programs related to physical condition/appearance of assigned properties.

§ Supervising/administrating portfolio of commercial, industrial, office, and retail shopping centers.

§ Analyzing trade areas, identifying lucrative markets, negotiating leases, and working with merchant associations.

§ Managing, supervising, and professionally developing administrative/engineering staff at multiple sites; coordinating leasing/marketing efforts with brokers.

§ Maintaining daily communication (regarding property issues) with tenants, owners, and management.

§ Performing administrative duties, including: correspondence, building tenant and vendor files, presenting properties for sale/lease, paying bills, invoice coding, maintaining certificates of insurance, reviewing company contracts, rent collection, all financial reporting for center operations, receptionist duties, and filing/organization tasks.

§ Coordinating tenant move-ins/move-outs, responding to tenant concerns, and maintaining tenant relations.

§ Reviewing tenant leases, ensuring that both tenant and owner comply with lease provisions.

Renovation Management

§ Establishing specifications; bidding, negotiating, administering, and managing all contracts for operational and maintenance services; regularly re-bidding all service contracts in accordance with owner requirements.

§ Conducting operations/selection of contract services, vendor negotiations for service agreements, and daily monitoring of vendor performance to ensure compliance with standards established in service agreements.

§ Overseeing construction management for tenant improvements and capital projects.

§ Managing and directing general contractors and subcontractors, inspecting all contractor work to verify quality of work and compliance with contract terms; maintaining certifications of insurance.

Accounting

§ Performing audits (CAM, taxes, insurance) and expense reconciliations; coordinating with lease consulting and tax appeal forms.

§ Preparing monthly operating reports for each property, including budget variance reports, rent rolls, and tenant financial information.

§ Accounting for daily, monthly, quarterly, and annual reporting.

§ Developing annual property income projections, operating expense budgets and capital budgets, monitoring costs against budgets throughout year; and requesting expenditure approvals from owner.

§ Approving all accounts payable invoices for vendor and contractor services; ensuring that payables and financial reporting processes occur on schedule; preparing monthly budget-to-actual variance reports (working with property accountant); preparing operating expense recovery billings and expense stop collections (notifying tenants of same in accordance with lease provisions); overseeing rent collection efforts; assisting with preparing/reviewing monthly submitted financial reports.

§ Calculating yearly CAM charges, receivable assessments, billings, collections, variances reporting, month-end annual review reporting, and P&Ls.

§ Responsible for $71ml asset, reconstruction worth $18ml, Properties included 495 unit apartment complexes, 2 hotels with 1510 units, 490 boat slips, two restaurants and convention center.

§ Supervised total of 19 employees and construction crew of 34, responsible for budgets, rent schedules, market and business plans and reporting of daily activities.

PROFESSIONAL EXPERIENCE

Company name change:

Tova LLC & 4D Development (same owners as below separate divisions Commercial & Residential)

NASCH PROPERTIES LLC –GS CHANNEL ISLANDS (GREYSTAR REAL ESTATE PARTNERS LLC)

Beverly Hills & Westlake Village, California 1994 –2009

Portfolio Director of Property Management

– Commercial/Homeowners Association/Residential -Tax Credit Compliance Specialist

§ Responsible for 14 properties totaling 1.3 ml sq ft of commercial space, 1300 homeowners units, and 1570 Class A residential units (existing and development of master planned communities).

§ Section 42 Tax Compliance Senior assets, reconstruction worth $18ml, Properties included 537 unit apartment complex, 1 hotel with 110 units, and a commercial business center.

§ Supervised total of 29 employees and construction crew of 47, responsible for budgets, rent schedules, market and business plans, reporting of daily activities, and semi-annual state audits of four other Section 42 Tax Compliance Senior assets...

Senior Portfolio & On-site Regional Manager

Performed daily property management, including maintaining physical assets, providing effective customer service, and ensuring stable operation of property while maximizing property value.

§ * TARZANA TOWNE PLAZA - Tarzana, CA - Retail/Office - 46,050 sq. ft.

* GAULT PLAZA - Retail - 36,040 sq. ft.

* 10520 WILSHIRE HOMEOWNERS - West Los Angeles, Ca - HOA - 292 units

* BEVERLY WILSHIRE HOA - West Los Angeles, Ca - HOA - 18 units

* 1029 HILLCREST - Beverly Hills, Ca - Estate - $5 million

* 31 PRINCEVILLE LANE - Las Vegas, Nv - Estate - $ 4.3 million

* 11 HAZLETON AVE - Las Vegas - Estate - $10 million

* 155 W. WASHINGTON - Los Angeles, Ca - Industrial High-rise - 119,000 sq. ft.

* 1776 CALIFORNIA AVE - Mountain View, Ca - Residential - 21 units

* 1425 LAURELWOOD - Santa Clara, Ca - HOA - 10 units

* 1615 CORTLAND AVE - S. F., Ca - Industrial - 22,100 sq. ft.

* 3061 SAN BRUNO AVE. - S.F., CA - Office - 48,000 sq. ft.

* 724 - 734 LINCOLN ROAD EAST - Vallejo, Ca - Restaurant - 34,090 sq. ft.

* 4385 E. OLYMPIC BLVD. - Los Angeles, Ca - Industrial - 54,060 sq. ft.

* 3284 NEWTON AVE - San Diego, Ca, 5 Industrial - 32,040 sq. ft. each

* 4027 E. 3RD STREET - Los Angeles, Ca - Warehouse - 23,000 sq. ft.

* 2230 LOGAN AVE. - San Diego, Ca - Residential - 4 buildings, 400 units

* 400 5TH STREET - S.F. Ca, - Marina, Parking - 189 slip Marina, 189 sp. Public Parking Facility

§ * 9990 SANTA MONICA BLVD. - Beverly Hills, Ca - Office - 38,900 sq. ft.

* 9606 PARTNERS -Beverly Hills, Ca - Office/Legal - 34,000 sq. ft.

* ENCINO SPECTRUM - Encino, Ca - Office - 119,000 sq. ft.

* GORLAND LAFAYETTE - Los Angeles, Ca - Office - 98,000 sq. ft.

* PARK PLAZA - Huntington Beach, CA - Industrial/Auto - 89,900 sq. ft.

* HARBOR TOWER - Newport Beach, Ca - Marina/Office - 187 slip, 39,600 sq. ft. office

* TALBERT PARTNERS - Costa Mesa, Ca - Office - 43,560 sq. ft.

* HUNTINGTON COMMERCE CTR - Huntington Beach, Ca - Industrial/Office - 6 bldgs 36,000 sq. ft. .

ESTATE OF JAMES CAMPBELL (Managed by Copzel/Zelman Management)

City of Industry, California 1990-1994

Regional Property Director/Portfolio Manager

§ Prepared reports and managed processes that reported/reviewed regional financial results, including variance analysis; supervised reporting, budget tracking, and accounting for capital spent on development projects.

§ Served as liaison for accounting/reporting by third-party property managers; managed property accountants.

§ * 4040 CIVIC CENTER - Marin County, Ca - Commercial/Retail - 127,000 sq. ft.

* COMMERCE PARK - San Diego, Ca - Commercial/Retail - 576,000 sq. ft.

* VINTAGE OAKS - Marin, Ca - Commercial/Retail - 578,000 sq. ft.

§ * PUENTE HILLS EAST - City of Industry, Ca - Commercial/Retail - 1,578,000 sq. ft.

* TOWN CENTER

* THE PLAZA

* PUENTE HILLS MALL

RING MANAGEMENT CORPORATION–FOREST CITY ENTERPRISES, INC.

Los Angeles, California 1982-1990

Commercial Property Manager

§ Directed day-to-day management activities of diverse commercial real estate portfolio, including office, office/flex, industrial, and retail.

§ ****COMMERCIAL****

* THE GALLERIA AT SOUTH BAY - Redondo Beach, Ca - 1,095,000 sq. ft.

* THE GALLERIA AT SUNSET - Henderson, Nv - 890,000 sq. ft.

* SAN VICENTE - BRENTWOOD, CA - 469,000 sq. ft.

*THE MALL AT VICTORY VALLEY - Victory, Ca - 502,000 sq. ft.

****RESIDENTIAL****

*THE KNOLLS - Orange, Ca - 260 units

*THE VINEYARDS - Ontario, Ca - 152 units

* BAYSIDE VILLAGE - S.F. Ca - 892 units

* HIGHLANDS - Grand Terrace, Ca - 556 units

* METROPOLITAN - Los Angeles, Ca - 270 units

* SKYLINE CONDOS - Los Angeles, Ca - 200 units

* PANORAMA TOWERS - Los Angeles, Ca - 154 units

* STUDIO COLONY CLUB - Studio City, Ca - 450 units

* TOSCANA - 563 units

EDUCATION

PROFESSIONAL CAREER DEVELOPMENT INSTITUTE (PCDI), Online Studies 2002-Present

Real Estate-Professional Management Development Program

INSTITUTE OF REAL ESTATE MANAGEMENT (IREM), Online Studies/Seminars 2000-Present

Continuing Education CPM Candidacy Program, Real Estate/Hospitality Management

LOS ANGELES TRADE AND TECHNICAL COLLEGE, Los Angeles, California 2002

Continuing Education Certification, Real Estate

UNIVERSITY OF WEST LOS ANGELES, Los Angeles, California 1986

Associates of Arts, Paralegal Studies

FLORIDA STATE UNIVERSITY, Tallahassee, Florida 1982

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