TIMOTHY L. SMITH
CONSHOHOCKEN P.A. 19428
Cell 610-***-****
Email: *********@*******.***
Executive Summary
. Construction Management of Tenant/Landlord fit outs and New Office
Building construction.
. Construction budget forecasting for capital improvement projects for
asset value improvement, stability and growth.
. Senior Regional Property Manager with a diversified career in
commercial and residential property management.
. Financial forecasting, annual budget development, and quarterly
variance reporting for principles and investors to ensure asset
stabilization.
. Recognized for ability to manage multiple sites over vast geographical
areas, consistently reduce operating expenses, value engineer capital
improvement projects, and develop key personnel.
. A progressive career with diverse real estate atmospheres including
retail centers, multifamily and professional office developments.
. Self directed motivated manager with the ability to solve problems and
consistently achieve business plan objectives.
SUMMARY OF QUALIFICATIONS
10/2008 to Present
Morgan Properties Inc. King of Prussia, PA
Residential Real Estate investment and Management Company.
PROJECT MANAGER / REGIONAL FACILITIES MANAGER
. Develop and solicit construction bids from engineered specifications
to obtain project estimates for new construction.
. Create bid packages to provide project specifics for General
Contractor proposals.
. Value engineer project specifications to reduce project costs and
maintain integrity.
. Develop interior space plans to ensure individual departments needs.
. Construction Management for the development of new office
construction of12,500 sq/ft.
. Project budget development and tracking to ensure all project costs
are within projections.
. Perform acquisition due diligence and associated documentation.
. Construction management of all retail tenant and landlord fit outs.
. Direct a staff of twelve property managers and supporting facility
personnel for a portfolio of commercial and residential assets.
. Acquisition evaluation for company growth and development.
Significant Achievements:
. Efficiently managed the New Construction of a 12,500 sq/ft office
building from the ground up.
. Management of construction project by utilizing the services of sub-
contractors, therefore alleviating the expenses of building the
project through a general contractor.
. Reduced project costs from original $2,000,000 bids by $325,000.00 by
value engineering.
. Project Management for a $940,000.00 storm water infrastructure
renovation project consisting 5000 LF.
4/2001 to 3/2008
WP Realty Inc, Bryn Mawr, PA
An integrated commercial real estate company specializing in the
acquisition, development, leasing and management of community shopping
centers.
Regional Property Manager
. Coordinate construction management of all general contractors for
tenant and landlord fit out projects.
. Review and approve all construction plans and project specifications.
. Perform acquisition due diligence and associated documentation.
. Function as Principal's liaison for Architects and Trade Professionals
to include Local and State Governing Authorities.
. Direct all aspects of Property Management for twenty five shopping
centers in the New England and New York area consisting of 4,600,000
sq. feet of retail and office space.
. Prepare annual operating and capital budgets consisting of $10,000,000
annually.
. Conduct service contract negotiations to reduce CAM expenses and
increase N.O.I.
. Evaluate operating expenses and service provider's bi-annually to
ensure the company is being provided services at fare market value.
. Develop geographical service contractor networks to reduce costs and
increase productivity.
. Execute quarterly variance reports and budget re-forecasting for
Principals and Investors.
. Oversee construction management and budget forecasting of all capital
expenditure projects.
. Manage and train fifteen on-site property managers and support staff
personnel.
. Develop and implement preventative maintenance and value engineering
programs for maximum operational efficiency and cost reduction.
. Administer third party asset management contracts.
. Negotiate, expedite and coordinate construction schedules for asset
improvement projects.
Significant Achievements:
. Designed and managed $1.5 million shopping center restoration project.
. Reduced construction costs on several projects by approximately 20%
through contract negotiations and value engineering.
. Hired and developed fifteen on-site property manages and key personnel in
the North East Region to include: ME, NH, CT, MA, RI, & NY.
. Administered third party portfolio management
. Drafted construction project specifications for asset improvement
projects
. Consistently controlled property operations within a budget of ~$10M
annually.
. Successfully executed ~100 tenant construction fit-outs over the last
six+ years.
. Developed strong rapport with business owners and trade professionals.
4/2008 to 9/2008
University of Pennsylvania, Philadelphia, PA
Facilities and Real Estate Services
TRADE SUPERVISION MANAGER ( Temporary Position )
. Coordinate project management related to HVAC restoration/service
projects for multiple 12-22 story resident high-rise buildings.
. Direct 47 - 50 union shop technicians to include Steam fitters,
Electricians, Plumbers, and Carpenters.
. Develop project spreadsheets for scheduling and project tracking
purposes.
. Construction Management of High Rise student housing buildings to
include Kitchen and Bathroom unit renovations.
. Drafted spreadsheet documents to create a "master list" material
inventory for expense control and procurement requirements.
. Execute weekly project progress reports for executive committee
meetings.
01/95 to 03/01
Suburban Square
Intershop Holding, Ltd.
D.R.A. Drifus Real Estate Advisors NY, NY
Williams Jackson Ewing, Inc.
Registered investment advisor specializing in real estate investment
management of professional office buildings, retail, multi-family and
industrial sectors in the United States.
Director of Operations
. Directed operational and facility management of a commercial real estate
portfolio.
. Managed a portfolio consisting of shopping malls and a 10 story high-rise
professional/medical office complex.
. Maintained a combination of thirty-two national retail tenants, forty
local retail merchants, two-gourmet Farmer's Markets, and six restaurants
for a total of 450,000 square feet, located on twenty-five acres.
. Evaluated portfolio for acquisition potential.
. Developed construction specifications for capital improvement projects
and all associated project management.
. Reviewed and implemented preventative maintenance and value engineering
programs for maximum operational efficiency and cost reduction.
. Approved and coordinated all contractor project submittals.
. Reviewed and approved plans and specifications for all new construction.
. Planned and coordinated grounds presentation.
. Functioned as Principal's liaison with local and state officials
regarding construction approvals and associated building code compliance.
Significant Achievements:
. Developed and consistently maintained property operations in relation to
~ $2.4M annual budget to include an additional $600,000 in capital
improvement projections.
. Hired, trained and directed 15 engineering and security personnel.
10/89 to 09/94
Korman Corporation, Philadelphia, PA
Multi-divisional investment, management, and development organization of
residential properties and significant owners of commercial and industrial
property in the Greater Philadelphia Metropolitan area.
Northeast Regional Advisor/Facilities Director
. Oversaw operations of a multi-family residential portfolio consisting of
1200 units.
. Coordinated day-to-day operations with three property managers.
. Evaluated problem areas within the property operations and coordinate
corrective measures.
. Directed contractors for capital improvement projects.
. Developed and implemented property purchasing standards.
. Established resident satisfaction reports and implemented safety
specification standards.
. Hired, trained, and directed maintenance personnel.
. Scheduled daily operational activities.
. Obtained, evaluated and awarded all project bids.
. Controlled expenses associated with maintenance operations on a monthly
budget of $350,000.
. Designed and coordinated grounds presentation standards.
. Devised and implemented procedures for efficient property operations and
cost control.
EDUCATION:
1992 to 1996 Drexel University, Construction
Management/Engineering
1989 to 1992 Spring Garden College, Construction
Management/Engineering
1979 to 1981 Mercer County Votech, Building Construction
References Provided upon Request