Real Estate Management
Resume:
Jason J. Acosta MBA, CPM, ARM, CAM
Santa Monica, CA
**********@*****.***
To Whom It May Concern:
I am writing to inquire about a career opportunity with your company. My
training in both the multifamily residential and commercial real estate
fields has equipped me to do a 'first rate' job. I enjoy working with
others both on a business, as well as on a personal level. I am comfortable
with meeting deadlines, and I consider myself to be a quick learner and
highly organized. I believe myself to be a 'team player' with complete
confidence in my work, results oriented, dynamic thinker and able to
revitalize staff and operations by developing and implementing real estate
management techniques in fast paced office setting. I am comfortable with
multitasking, assuming additional responsibilities while effectively
training the staff to handle business operations. Daily duties included
full responsibility for the contractual, operational, and financial
performance of the assets. In addition, I specialize in the development and
management in large portfolio of assets in various markets with full P&L
responsibilities.
Experienced working with real estate investment firms that manages a series
of real estate funds overseeing portfolios of assets located throughout the
United States while operating in an institutional environment. Experience
includes monitoring the performance revenue for REIT/Pension /LIHTC assets,
as well as preparation of asset management plans, operating budgets,
capital improvement programs and marketing strategies. Assisted in
implementing 'Green' initiative programs, valuations, acquisition due
diligence procedures, hold/sell analysis, overseeing property related legal
issues and complete contract negotiations. I consider myself a financially
sophisticated individual with accomplishments including repositioning and
turn-around of several negative-performing properties by increasing NOI,
cash flow, rental income and physical/economic occupancy levels well ahead
of anticipated company's goals. Complete responsibility for several
communities in various markets with an estimated 7,000 apartment units.
A current member of National Apartment Association, Institute of Real
Estate Management, National Association of Realtors, National Society of
MBAs (NSHMBA) & National Affordable Housing Association. CPM, ARM & CAM
certified with IREM/NAA, Notary Public, HUD Lead Safe Practice and Mold
Operation & Management certified. I was recently the recipient of the
Institute of Real Estate Management's ARM of the Year Award. Recently
obtained a Master's degree in business administration and currently
pursuing a post graduate study program in Real Estate Finance and
Investments at UCLA, as well as obtaining the HCCP designation. I recently
served as the chairperson for several committees which included the Green
Initiative, Energy Management, as well as the editor for the corporate
editorial newsletter. The enclosed resume outlines my training and my
experience.
I hope you will be sufficiently impressed with my ability and my sincerity
to grant me an interview. If hired, I will prove to be a diligent,
conscientious, and loyal employee. I am looking forward to discussing my
qualifications with you at your earliest convenience.
Thank you for you time and consideration.
Sincerely,
Jason J. Acosta MBA, CPM, ARM, CAM
Jason J. Acosta MBA, CPM, ARM, CAM
1502 Broadway
Santa Monica, CA
**********@*****.***
Career Summary: Background in real estate management and finance with full
P&L responsibilities, as well as experienced in managing Core and value-
added assets. Goal is to continue utilizing my education and experience in
a challenging, professional atmosphere.
Education:
UCLA, Graduate School of Continued Studies - Real Estate Management,
Finance & Investment, 2012
Institute of Real Estate Management: CPM & ARM Designations. National Apt
Association: CAM certified, NAHB: HCCP, 2009-2012
Caldwell College of New Jersey, Graduate School - Master's of Business
Administration (MBA: Management), 2001-2006
Rowan University, Graduate School, Pre-MBA Program (Business
Administration), Graduate Assistantship, 2000-2001
The College of New Jersey, Bachelors of Science, 1995-2000
Professional Employment:
JRK Property Holdings, Residential Group, Brentwood, CA
2012-Present
Senior Asset Manager - West & Midwest Regions
. Manage (portfolio) multifamily apartment units. JRK was featured as
the 22nd largest Multifamily Owner/Manager in the U.S. by the National
Multi Housing Council. JRK's real estate assets are valued at over
$4.5 billion with over $450 million in annual revenue (47k multifamily
units, 10 hotels & 9 office buildings)
. Maximize the financial performance of each asset in the portfolio &
manage relationships: partners (AIG, Sun Am.)
. Develop strategies for each asset in the portfolio and ensure plans
for each property remains in compliance with state agencies
. Devise and implement tactical operating, capital plans and budgets for
each asset (Class B affordable & senior communities)
. Review each asset's strategy on an ongoing basis and amend as
warranted by changing market conditions
. Monitor any properties on the watch list, complete financial
forecasting, as well as monitor set-asides & section 42 & 8 compliance
. Evaluate and recommend required capital improvement programs including
scope of work and economic analysis
. Analyze and interpret financial reports and legal documents
(operating agreements, etc.) related to real estate investments
. Complete & review monthly reports, projections & trends to ensure
company's objectives are consistently being accomplished
. Successfully hired, trained and monitored performances of other
associates in asset management
. Complete requests for release of disbursements reserves for
construction & renovation projects
. Analyzed financial statements (P&L, GL), performance reports (NOI,
cash flows, IRR, XIRR, ROI) and market information
. Serve as the point person between assets and owner. Develop strategic
recommendations and implement/monitor strategies
. Manage and negotiate ancillary income contracts, utility contracts and
lender's requirements
. Completed property inspections and competitive analysis, audits, and
compliance issues
. Monitor all major expenditures, renovation activities, deferred
maintenance items and environmental reports
Sentinel Real Estate Corporation, Pension Funds Advisors, New York, NY
2007-2012
Regional Asset Manager - East & Midwest Regions
. Managed all aspects of the assets (Class A/B) ranging from physical,
legal, personnel, etc. (affordable): Sentinel was featured as the 31st
largest Multifamily Owner/Manager in the U.S. by the NMHC (32k
multifamily units & 20 office buildings)
. Evaluate asset performance relative to monthly/quarterly/annual
forecasts and asset strategies (multifamily)
. Monitor all aspects of day-to-day operations to ensure properties are
achieving investors' objectives
. Develop strategies to enhance asset values and prepare annual asset
management plans for investors
. Maintain operating agreements, closing documents, lenders'
information, environment reports, CO's, etc.
. Managed the reposition of financially distressed properties: restored
essential building services, assessed quality of staff, assisted with
lease-up, strengthened occupancies while maximizing revenue, as well
as monitored redevelopment through stabilization
. Establish operational guidelines, leasing/marketing and repositioning
strategies, and monitoring all expenditures
. Monitor all major capital expenditures, renovation activities and
environmental reports
. Review appraisals, valuations, real estate tax assessments, and
develop appropriate responses to audit deficiencies
. Responsible for both investment management and transactions in
assigned geographic area
. Monitor ROI, IRR & NOI, physical/economic occupancies, cash flow,
operational expenses, historical trends, & pro forma
. Interface with senior management, investors, brokers, lenders,
appraisers regarding asset and/or market performance
. Recognize operational and management potential problems and develop
appropriate solutions
. Assist in disposition/acquisition processes (underwriting, valuations,
due diligence, prorations, closing statements, RE taxes)
. Complete sell/hold analysis for each assigned asset. Successfully
assisted in several dispositions of targeted assets.
. Serve as the point person between assets and owner.
. Manage and negotiate ancillary income contracts, utility contracts and
national service contracts
. Prepare investor reporting including presentations (variance reports,
physical updates, annual strategic reviews, etc.)
Kamson Corporation, Real Estate Management & Investments, Englewood, NJ
2005 - 2007
Regional Property Manager - Northeast Region
. Kamson is a privately held corp. with 18k apartment units under
management. Managed Section 42 & 8 affordable units
. Maintained integrity of the assets while minimizing rental loss and
maximizing profitability
. Oversee management and financial success of portfolio and implemented
capital improvement programs
. Successfully hired, trained and monitored performances of the
personnel
. Analyzed financial statements, performance reports and market analysis
information
. Maintained demographic analysis, market surveys, weekly/monthly
reports and 5-year capital improvement programs
. Developed and implemented operating budget and maintained capital
preservation programs for the properties
. Developed preventive maintenance programs, maintained CAM
billing/reconciliation and negotiated all contracts
. Oversee leasing, compliance issues, market ready units, marketing,
resident services, litigations & renovations
. Reviewed operating expenditures, financial statements, receivables,
variance reports, aging reports
. Successfully improved vacancy loss & NOI, as well as employee
turnover and completed sensitivity analysis
Sierra Financial, Ltd., Commercial Real Estate, New York, NY
2005
Vice President of Asset & Property Management - East Region
. Managed a portfolio of retail centers totaling 3,200,000 sq. ft.
throughout the United States
. Headed asset & property management division: triple net lease projects
. Responsible for the management of a nationwide retail portfolio of
shopping centers and maximizing income
. Work closely with 3rd party property management contracts
. Improved the financial performance of the properties by increasing
revenue and monitoring expenses
. Formulated business plans, budgets and created strategies to increase
property value, and monitor build-outs
. Supervised the efforts of leasing and 3rd party fee managed property
management/brokers/agents, monitor holdovers
. Monitored performance of each property, review financial operating
statements, conduct site visits and resolve tenants' issues
. Negotiated all contracts, workouts, reviewed invoices and monitored
capital improvement projects
. Reviewed lease requirements and term sheets to insure that tenant
responsibilities are fulfilled over lease terms
. Monitored mortgage debt requirements, insurance claims, surveys, CAM
billing, rent-rolls & account receivables
Philadelphia Asset & Property Management Corp., Real Estate Investments,
Philadelphia, PA 2003 - 2005
Regional Property Manager (PAPMC is affiliated with Philadelphia Housing
Authority)
. Managed LIHTC and mixed income portfolio : Multifamily affordable
apartment units and mix-used properties
. Maintained relationships with lenders, housing agencies and GP's such
as Wells Fargo, John Hancock, Penrose, etc.
. Analyzed Tenant Income Rent summaries, inspection reports & re-
certification to remain in compliance section 42
. Performed audits of residents' files and follow up on all non-
compliance deficiencies
. Monitor developments through lease-up & stabilization (senior
communities, mulitfamily, single family homes)
. Successfully mentored, hired, trained and monitored performances of
other associates in asset management
. Completed loan re-modifications/workouts and monitored set-asides/LURA
restrictions, & managed 3rd party contracts
. Performed internal audits, and reviewed financial reports, marketing
analysis, variance reports, review historical trends
. Handled all duties on real estate developments and worked with the
strategic and marketing direction of the business
. Oversaw regulatory compliance and risk, monitor new developments,
tracked insurance renewals and real estate taxes
. Managed operating budgets, capital plans, delinquency, occupancy and
conduct property inspections
. Interfaced with contractors, engineers, project managers, property
managers, vendors, and resident councils
. Assisted in property related litigations, K1 returns, construction
issues and contract negotiations
. Monitored market conditions and ensure the maximization of investors'
long-term ownership benefits
RHD, Resources for Human Development, Inc., Philadelphia, PA
2001 - 2003
Financial/Budget Analyst
. Maintained financial duties for 15 properties or 200 beds, coordinate
budget reviews and monitor all expenditures
. Reviewed operating expenses ensuring each property remaining in
compliance with planned spending & budgets
. Completed operating budgets, variance summary reports and complete
financial monthly reporting
. Conducted meetings on annual budgets, invoice entries, account
receivables, and other strategies
. Maintained financial statements and complete spreadsheet analysis,
account reconciliations, monthly reports
. Monitor all operating expenses, GL entries & recodes, audits, and
operating budgets, as well as complete property visits
Internships:
Merrill Lynch, Retirement Investments & Financial Services, Moorestown, NJ
1/00 - 8/01
Internship - Financial Services: Evaluated financial needs and assisted
Financial Consultants in financial planning. Maintained office support and
data entry system, and monitored financial performance using quantitative
approaches. Assisted in analyzing portfolios, asset allocations, benchmark
strategies, etc.
Princeton University, Princeton, NJ
12/98 - 7/00
Internship - Financial Analyst: Assisted in forecasting, benchmarking,
marketing & various other projects. Prepared operating budgets, coordinated
meetings and monitored financial systems: revenue, investment strategies,
monthly financial statement & variance reports.
Additional Skills:
Yardi Enterprise, AMSI, ARGUS, MRI, LRO Revenue Management, Excel
Valuation/Budget Structuring, People-Soft Financial, MS Office, Excel,
Access, Outlook, Quicken, Integrated Business System (IBS), Tenant Pro,
Timberline, Nexus, SimQuick, Operation Management Explorer, QuickBooks,
Crystal Reports, Client Data Systems, A/P Pay Scan system. Type 30 WPM,
Bilingual (Spanish/English)
Affiliations /Awards:
Institute of Real Estate Management's ARM of the Year Award recipient,
Realtor Association, National Society of MBA's (NSHMBA), National Apartment
Association, National Association of Home Builders, NAA Management Award
recipient, IREM member, Green Initiative committee chairperson & Sentinel
Newsletter Chief Editor.
PROFESSIONAL REFERENCES
1. Julianne Sullivan CPM, Vice President - Sentinel Real Estate
Corporation, Phone #212-***-****
2. Noel Belli, Senior Vice President - Sentinel Real Estate Corporation,
Phone #212-***-****
3. Mike Bierne, Senior Vice President - The Kamson Corporation & NAA
Board Member, Phone # 201-***-****
4. David Stenger, Vice President, Manager Director - Sentinel Real Estate
Corporation, Phone #212-***-****
5. Howard Heitner, Executive Vice President - JRK Property Holdings -
Phone #310-***-****
6. Mike Moersbacher, Senior Vice President - JRK Property Holdings -
Phone #310-***-****
7. Pat Creamer, Vice President of Asset Management, Phone #212-***-****
8. Sandra Montemayor CPM - Sentinel Real Estate Corporation, Phone #281-
496-2428
9. Bob Kass, First Vice President - Senior Acquisition Officer, Phone
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