Manager Management
Resume:
Phillip Shelton, LEED AP
****.*********@*****.*** Environmental Risk Manager Dallas, Texas
Professional Expertise
Risk Management professional with global expertise in the commercial real
estate and lending industry. Directed multi-disciplinary teams of
engineers, scientists, lawyers and insurance brokers and others to provide
innovative business solutions to a variety of complex environmental,
health, and safety (EHS) problems.
. Due Diligence
. Redevelopment/sustainability
. Asbestos, Lead Paint, Mold Management
. Compliance Management
. Soil and Ground Water Remediation
. Litigation Support
. Management Systems
. Property Condition Evaluation
Key Accomplishments
. Implemented innovative new technology using in-situ thermal treatment at
a shopping center site that had a release from a former dry cleaner.
Technology reduced remediation time from a typical 5 to 10 years using
traditional pump and treat systems to 2 1/2 years. Cost of system was
comparable to pump and treat.
. Developed, implemented and managed the due diligence program and
environmental asset management program for a distressed asset
acquisitions and asset management business with a portfolio of over 2500
properties in the US and Canada.
. Facilitated sale of 1000 unit apartment complex located in the Oakland,
California area that was constructed on a former petroleum bulk storage
facility. Buyer was uncomfortable with residual environmental risks.
Presented technical and business mitigants to those risks. Buyer was
satisfied and closed for $121MM.
. Developed and delivered WebEx-based webinars focusing on hazard
identification emerging issues to internal asset managers, and third
party property managers. As a result, incidents and practices that could
result in property impairment were identified and corrected.
Professional Experience
General Electric Company 1994 - 2009
GE Real Estate, Dallas, Texas and Irvine, California (2000-2009)
A division of GE Capital, with a portfolio in excess of $80 Billion engaged
in real estate debt, equity and investment management activities in North
America, Europe and Asia-Pacific.
Risk Manager, Environmental Exposures
Managed all aspects of property environmental exposures for North America
and Asia/Pacific debt and equity properties.
. Directed internal programs to ensure compliance with regulatory and
company requirements including asbestos management, mold/water incursion
response, lead paint management, indoor air quality,
aboveground/underground storage tank management, emergency response, and
life/safety for all owned assets.
. Managed due diligence program for GE/Lone Star Korea fund of
approximately 900 assets.
. Directed large-scale soil and groundwater remediation projects in
associated with redevelopment in a variety of previous industrial
settings.
Phillip Shelton Page Two
Risk Manager, Environmental Exposures (Continued)
. Managed environmental due diligence for corporate acquisitions. Notable
targets included self-storage companies, urban parking companies,
warehouse/industrial operating companies, and senior living companies.
Facilitated integration of EHS programs and procedures in these
subsidiaries.
. Developed and managed tenant operation inspection audit tools to identify
potential practices that might lead to property impairment. Prescribed
and implemented best management practices to minimize those exposures.
. Developed sustainable water saving landscaping program for multi-family
and office product.
GE Capital Realty Group, Dallas, Texas (1994-2000)
A subsidiary of GE Capital formed to acquire and provide asset management
services for portfolios of distressed debt and equity assets in the US and
Canada.
Manager-Due Diligence and Environmental Risks
Managed all aspects of third party report procurement and evaluation
including Property Condition Assessments, Seismic Studies, and
Environmental Site Assessments.
. Teamed with underwriting and acquisitions teams to evaluate costs
associated with environmental impairments and deferred maintenance to
model into acquisitions bids.
. Managed all environmental-related projects including soil and groundwater
remediation.
. Developed and implemented environmental policies and procedures for asset
management. Established training programs for asset management and third
party property management companies.
KPMG, Dallas, Texas 1992 - 1994
Consultant-Environmental Practice Group
Management consulting services: Evaluated financial disclosure associated
with environmental contingent liabilities for SEC reporting purposes.
Clients included petroleum refineries, and retail gasoline sales companies.
Sunbelt Savings, Irving, Texas 1986 - 1992
Asset Manager/Environmental Manager
Managed a $15MM portfolio of distressed assets including real estate and
energy loans/REO. Developed and directed environmental risk management
function.
Other Relevant Experience
Petroleum exploration geologist, mid-continent. Discovered White Flat North
field extension in North Texas, Fort Worth Basin.
Education and Professional
MBA with Major in Finance, University of North Texas
BS with Major in Geology, Texas Christian University
LEED AP
Six Sigma Green Belt Certified
IEMA Certified CSR Practitioner
Microsoft Office: Word, Excel, PowerPoint
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