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Manager Real Estate

Fairfield, Connecticut, 06824, United States
April 29, 2018

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*** **** ****, *********, ** 06824


Gaia Real Estate New York, NY

Head of Asset Management September 2016 – Present

Oversee the company’s portfolio of multifamily assets consisting of 29 apartment properties and nearly 8,000 units in the Northeast, Mid-Atlantic, Southeast, Southwest regions and manage a team of asset management personnel.

Prepare, revise and approve annual operating and capital budgets, interior rehab and flooring upgrade programs.

Manage the execution of all capital improvements, including deferred maintenance projects and value-add initiatives in line with each asset’s strategy.

Collaborate with property management to maximize property values of Class A, B and C.

Evaluate in-house personnel, onsite operations, including leasing activity, pricing, resident satisfaction, marketing programs, staffing effectiveness, rental-renewal rates and retention ratios.

Assist with acquisitions due diligence and hiring and onboarding of new property management teams.

Obtain broker opinions of value, hire investment sales broker, vet prospective buyers, and work with attorneys to negotiate purchase and sale agreements.

Authorize all property tax appeals, litigation and settlements, including hiring of experts and appraisers.

Prepare monthly, quarterly and annual multifamily performance investor reports.

Evaluate and approve investors’ quarterly return distributions.

Led the master insurance policy program’s renewal for $1.5 billion company-wide real estate portfolio.

Serve as a Board of Director for Stamford, CT’s Chamber of Commerce, President of Avon Place Home Owners Association, Secretary of Yale and Towne Master Planned Community Association and Vice President of Harbor Point Master Planned Community Association.

LivCor (a portfolio company of The Blackstone Group) Chicago, IL Senior Asset Manager June 2015 – April 2016

Managed approximately half of Blackstone’s multifamily core-plus investments totaling 81 properties, oversaw 10 third-party property management companies, roughly 13,000 units, across 16 states, which represented $3.5 billion in gross asset value and included Class A and B garden-style, high-rise and mid-rise assets located in urban and suburban locations in addition to two student housing complexes, four lease-ups, and a condo-to-rental conversion.

Conducted frequent property inspections and meetings with onsite personnel to review performance metrics and key items such as physical and economic occupancy, curb appeal and property aesthetics, pricing of classic and renovated apartments, in-place marketing programs, weekly traffic and leasing consultant targets, lease-closing ratios, resident retention ratios, staffing effectiveness, eviction/skip trends, prospective renter qualifications, made-ready quality, comparable properties rental rates, actual-to-budget variances, operating expense efficiencies, third-party vendors and capital projects.

Reviewed and discussed distressed properties daily apartment availability, projected occupancies, delinquencies, box score and lease expiration reports with management companies’ onsite property and regional managers.

Prepared strategy and disposition memorandums for internal business teams and external operators.

Collaborated with LivCor’s revenue management team to balance pricing for new and renewal lease rents in conjunction with physical occupancy, submarket conditions and comparable properties.

Reviewed, adjusted, and approved property-level operating and capital budgets.

Negotiated all property management agreements for the Eastern Division.

Supervised an associate asset manager as well as two asset management analysts. Building and Land Technology Stamford, CT

Senior Asset Manager July 2014 – May 2015

Managed the regional developer’s private equity opportunistic investment business that included its military housing fund, ground-up developments and lease-up totaling $1.4B in gross asset value.

Drafted business plans for an off-base military housing portfolio consisting of 5,000 units.

Revised and approved annual operating and capital budgets and hiring of contractors and consultants.

Provided ongoing assessment, monitoring of and reporting on ground-up development milestones.

Worked with property management to convert conventional units to furnished apartments for military personnel.

Prepared both internal and external investor monthly, quarterly and annual fund reports. Sentinel Real Estate Corporation New York, NY

Vice President, Fund Asset Manager April 2011 – July 2014 Managed the company’s New York City-centric portfolio consisting of 29 mid-and high-rise rent-regulated properties, including 1,900 units and 20 retail suites, which represented $350 million in gross asset value.

Executed investment strategy to convert rent-regulated units to fair market apartments.

Worked with operator’s construction group to guide project scope and budget for unit rehab program.

Evaluated property managers’ performance and property aesthetics via frequent field inspections.

Revised and approved annual budgets, business plans, quarterly investor reports, and property-level analyses.

Presented to executive committee each week regarding property operations and property performance.

Assisted with leasing of and negotiating of retail tenant leases and maintenance service contracts. DRA Advisors LLC New York, NY

Asset Manager March 2008 – March 2011

Managed 20 Class B and C value-add garden-style multifamily investments comprised of approximately 4,900 units across Florida, North Carolina, Virginia and Delaware.

Guided the preparation, review and approval of annual operating and capital budgets, including unit upgrades.

Conducted property tours to assess property conditions, capital improvement needs, and property comp set.

Worked with appraisers to ensure valuations accurately reflected property operations and market conditions.

Drove disposition process with joint venture partner and investment sales brokers.

Managed key relationships with construction managers, operating partner, lender, and loan servicer.

Worked with tax consultants and county assessors to reduce real estate property tax liability.

Ensured properties were managed to remain compliant with loan covenants. The Tuckerman Group, State Street Global Advisors Rye, NY Associate Asset Manager June 2007 – March 2008

Managed the portfolio’s 12 core Class A multifamily investments consisting of approximately 4,000 units across Arizona, Las Vegas and Texas.

Assisted with the preparation and review of the annual operating and capital budget.

Performed site visits to evaluate properties, personnel, capital needs, comparable product, and market conditions.

Prepared investor reports and drafted annual client business plan for an institutional separate account client.

Worked with senior asset manager and third-party appraisers to value properties on a quarterly basis.

Monitored JV partner’s compliance with management agreement. JP Morgan Asset Management New York, NY

Real Estate Investment Portfolio Analyst July 2004 – May 2007 Supported two portfolio managers and senior marketing/client relations personnel with real estate financial analysis, client and consultant relationship management, and marketing of the industry’s largest open-ended core and value- added private equity real estate funds.

Prepared RFP responses and answered clients’ questions regarding the company’s real estate funds.

Managed the investors contribution and redemption process on a monthly and quarterly basis.

Assisted the core fund portfolio manager with institutional client presentations and performance reviews.

Provided on-going fund updates and analytics for the industry’s leading benefit consultants.

Managed monthly and quarterly client and fund-level audit requests. SKILLS / EDUCATION

New York University, New York, NY - MS in Real Estate (Strategic Management Concentration), 2016. Lehigh University, Bethlehem, PA - Bachelor of Arts, 2002. Proficient with Excel, Yardi, YieldStar, Rainmaker LRO, OneSite.

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