Real Estate Management
Resume:
JOHN A. BATES
C.P.A. (Inactive)
Corona, CA 92882
EXPERIENCE: Diversified Equity Investment Corp
CFO, 08/06 - Current
Retail/Office/Medical - Building/Shopping Center Owner, Orange
County, California
Real Estate owner with a portfolio of 40 Centers on the West Coast.
Operated, Managed, and Redeveloped Existing and Acquired
Centers
Asset manage portfolio of over 1,200,000 square feet and
$24,700,000 in revenues
Manage joint venture investments of over 3 million square
feet
Transitioned third party Property Management to In-House
Property Management
Established IT/accounting system with $0
infrastructure cost - No new software, hardware, or IT Costs
Transitioned leasing renewals from third party to in-house.
Creating revenues of $150,000 annually
Established Blanket Insurance Policy for the entire
portfolio
Cost savings of over $400,000 annually
Continue to increase the savings by partnering with other
real estate owners
Created new revenue generating fees and recovered overhead
expenses
Created insurance placement fees of $125,000 annually
Recovered Asset Manager Expenses of $200,000 annually
through CAM - invisible to tenants
Established internal audit/review of all joint venture
partnerships
Recovered over $125,000 in unauthorized expenses in first
year
Completed multiple Conditional Use Permits that increased
NOI by $1,800,000 annually
Successfully removed Letter of Credits off properties in
excess of $2,500,000
Reduced A/R by $1,900,000
Restructured Property Management Contracts creating annual cost
savings of nearly $200,000
Established review procedure for annual CAM reconciliations,
creating additional recoveries
of $275,000 annually
Revised company's standard lease - reduced property's CAM slippage
and for several properties
achieved over 100% recovery of expenses
Established legal team for Leasing and Operations
For Leasing costs savings of 50% and reduced the average
lease signing period by four weeks
For Operations reduced the hourly costs by 50% while
increasing recoverable judgments
Established policies and procedures for tenant retention
Maintained occupancy level at over 88%
Renewed 94% of existing tenants
Centurion Partners, Newport Beach, California
Co-Founder / CFO, 4/02 - 08/06
Developer with an emphasis on High End Condominium and Fractional
Residential Units. Developed & Managed Office, Retail and
Multi Family projects
Co-founded company with two other partners
Completed Sale/Lease back of over 500,000 square feet of
property and retained property and asset
management
Company had 7 active projects with construction budgets in
excess of $700,000,000
Established a $2,000,000 unsecured operating Line of
Credit for the company
Assembled 14 separate land sellers to create North
America's highest price per square foot
condominium project in Aspen CO.
Sourced over $78,000,000 in investor equity
Obtained $332,000,000 in construction loans
Completed a joint venture to develop two high rise
condominium projects in downtown
San Diego resulting in the tallest building in the
downtown area
Set up accounting department (all policies and procedures)
- both equity investments and third party
Asset/Property Management
Created a standard Excel Proforma utilizing industry
standard Development and Asset Management
Software - Proforma is used from pre-acquisition
through disposition to determine Cash Flow
& Requirements, Project Income, and IRR calculations
Established investor relationships with Goldman Sachs and
other $100 billion investment funds
Hillwood West, a division of Hillwood Development Corp (a Perot
family owned Real Estate Investment Co.) San Clemente,
California
CFO, 10/97 - 3/02
Hillwood West provided Joint Venture Capital to Real Estate
Developers as the Equity partner. Hillwood developed
Residential Lots and Homes, Office, Industrial, Retail, Golf
Courses, and Self Storage projects
Was responsible for all due diligence of acquisitions, asset
management, and dispositions of joint
venture properties
Created standardized joint venture reporting for all partners
Established accounting policies and procedures for all joint
ventures
Implemented and customized industry standard projection software
for Hillwood to be able to
Project Cash and Accrual (GAAP) Basis Financial Reporting.
Hillwood was able to project both
Cash Requirements and GAAP Balance Sheet and Income
Statements through the life of the
projects
Created and implemented standardized projection software for
all Hillwood Commercial/Residential projects
in California and Texas
ARES Inc., (a wholly owned subsidiary of Mutual of New York) Irvine,
California
Asset Manager / Regional Controller, 1/96 - 10/97
ARES was the property, asset, and construction management subsidiary
of Mutual of New York (MONY).
MONY had over 160 equity owned and managed properties. The West Coast
region property managed over 5 million square feet. The asset
management department managed equities valued at $250 million
and loans of $200 million. The construction management
department had revenues in excess of $10 million.
Canaday & Company Home Builders, Santa Ana, California
V.P. Finance, 7/95 - 12/96
Canaday had five active projects with 500 lots in inventory,
based in the Inland Empire.
The company developed both tract and custom homes.
Greystone Homes Inc., Corona, California
Divisional Controller, 12/93 - 7/95
Greystone Homes was the ninth largest developer in California.
The Corona division was responsible for over 600 closings per
year, eleven active projects with 3,000 lots in inventory,
spread over six counties in Southern California.
Birtcher, Laguna Niguel, California
Director of Financial Reporting and Management Services, 4/91 -
12/93
Birtcher was the ninth largest developer of commercial
properties. The company developed, constructed, acquired,
managed and leased properties on both a fee and equity basis.
Diversified Shopping Centers, Costa Mesa, California
Assistant Controller, 9/89 - 4/91
Kenneth Leventhal & Company, Certified Public Accountants,
Newport Beach, California
Senior Auditor/Consultant, 9/87 - 8/89
EDUCATION: California State University, Fullerton
Bachelor of Arts in Business Administration, May 1987
Major in Accounting and Finance
Minor in Economics
CREDENTIALS: CPA examination completed in 1988, all exams passed on
first attempt
SKILLS: Accounting Software: MRI, JD Edwards, Skyline, McCosker, GEAC,
Timberline
Software Applications: Excel, Word, Access, PowerPoint
Industry Specific Software: Argus, Tract-Pie, Microsoft
Project
Operating Systems: UNIX Systems administrator certified,
AS400, NT and Windows Platforms
INTERESTS: Snow & Water Skiing, and Motorcross
REFERENCES: Available upon request.
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