Real Estate Management
Resume:
LARRY GARCIA
Thornwood, New York 10594
646-***-**** ● acvou5@r.postjobfree.com
PROFESSIONAL EXPERIENCE
L GARCIA PROPERTY ADVISORS Thornwood, NY
Principal, 2003 – Present
Provide Real Estate advisory services for third-party clients. Partial List of Clients include: Peets Coffee and Tea, Equis/UGL, Zurich Insurance, Farmers Insurance, Renaissance Property Associates, Harvest Real Estate Services & Sasso Realty
Assist owners/investors/users in a thorough understanding of the interplay among asset valuation, capital markets and today’s changing real estate marketplace issues
Assumed construction management duties of an industrial building, six months after start-up, delivering goals on time and resulting in a $500,000 savings in tenant fit-outs. Rerouted fiber optic lines at a net savings of $300,000 by successfully negotiating with Verizon to bear the cost of the expense.
Strategic Portfolio Planning as it relates to real estate occupancy across North America
Communicated with senior CRE leadership, corporate finance and business managers globally
Partnered with clients to achieve the financial and operational goals of the portfolio
Prepared, designed and provided portfolio and asset strategies including lease abstraction and audits, marketing programs, due diligence, highest and best use studies and financial analysis
Oversaw a portfolio of almost 150 mixed-use properties in Oyster Bay, NY, establishing management, operational and accounting guidelines, tracking, reporting, long-term planning and highest/best use analysis
Supervised a staff of accountants in designing, evaluating, purchasing and implementing a property and construction accounting software as well as established guidelines for its use and operation
Member of development team for 110-acre mixed-use project in Plainview, NY and the redevelopment team for Nassau Coliseum and the surrounding 50-acre site
Designed and established organizational and operational structure within the operational divisions to effectively accomplish goals and objectives
Sourced, prepared and packaged investment analysis for executive review
BRANDYWINE REALTY TRUST Jericho, NY/Saddle Brook, NJ
Regional Operations Director, 1999 – 2003
Strategically managed 1,400,000 SF of office and 800,000 SF of industrial properties on Long Island and northern New Jersey while managing a staff of 15 in-house employees plus third-party contractors/advisors
Demonstrated on-budget activity with growth of 4% and no increase in controllable expenses
Spearheaded property repositioning via a $4,500,000 redevelopment project for a 225,000 sf fully occupied office complex, delivering on-time goals and budget while maintaining tenant relations generating an additional $5 per square foot when new leasing opportunities arose
Maintained a portfolio-wide occupancy rate of over 94% and a tenant retention rate of over 90%
Supervised in-house and third party leasing, management and construction teams while providing back up as needed
Served on corporate planning and policy-making committees and member of the corporate acquisitions and due diligence team.
Oversaw daily operations of regional finance group and managed the preparation of financial outlooks and financial forecasts; led the budgeting process and account for variances
Recommended benchmarks for measuring the financial and operating performance of divisions and departments
Integrated corporate and regional functions with personnel through the initiation of a program which familiarized all levels of staff with corporate standards and operations
Developed, implemented, and monitored business plans and budgets for properties and the regional operations center
Directed operations of local bookkeepers and remote property accountants while overseeing A/R, A/P and capital projects
Supported and promoted the BRT initiative, eTenants, an online portal for tenants
L GARCIA ADVISORS Valhalla, NY
Principal, 1997 – 1999
Provided advisory services for third-party clients. Partial list of clients included: American Express, RDS Holdings Ltd, Splitrock Services and The Prodigy ISP
Developed and designed a graphic interface used in presentations for use by Amex Corporate Card clients
Worked on site selection, development potential, and researched economic conditions for the development of a major Caribbean Beach resort
Initiated, evaluated, negotiated and contracted vendor and advisory services (engineers, architects, construction, legal, etc.)
Prepared preliminary construction and operating budgets for prospective investors
Trained and supervised a group of project engineers on design and implementation strategies that would maximize total return while serving the client
Implemented operational guidelines to promote customer satisfaction
Established time management practices to insure accurate production schedule
SASSO & FITZSIMMONS, LTD Syosset, NY
Director, 1995 – 1997
Contributed to the start-up and growth of a new brokerage and property management firm into Long Island’s most active commercial brokerage market (eventually purchased by Insignia/ESG, now CB Richard Ellis)
Developed marketing materials and generated new assignments, established and oversaw accounting group while personally involved in $10,000,000 of commercial and industrial transactions
Developed and tracked the operating budget
Served as the startup bookkeeper then supervised as firm grew
Designed marketing and promotional materials that highlighted the firm’s services. Selected and administered the installation of computer systems
Functioned as an active leasing salesperson representing both landlords and tenants in commercial and industrial transactions
Established a Property Management division
THE SHORENSTEIN COMPANY New York, NY
Asset Manager, 1994 – 1995
Responsible for asset management of 7,000,000 sf of Class “A” office space in NYC and Long Island including the direct involvement of lease administration and database management duties.
Interfaced with Portfolio Managers, Analysts, Property Managers and Leasing Brokers in order to field inquiries on property performance
Liaison to institutional ownership (MetLife) on budget variance studies, weekly activity reports, and monthly financial reports
SCHMERGEL ENTERPRISES Great Neck, NY
Operations Manager, 1990 – 1993
Responsible for accounting, leasing and property management activities of 8 commercial and 4 industrial properties
Supervised the evaluation, purchase and the roll out of a property and construction accounting package
Established goals and objectives, provided feedback and support to obtain successful results from hardware/software contractors as well as in-house staff throughout the transition
CUSHMAN & WAKEFIELD, INC. Rego Park, NY/Uniondale, NY
Salesperson, 1987 – 1990
Leasing team member responsible for analytical studies, exclusive agency work and tenant representation
Participated in over 1,500,000 sf of transactions
Regional Property Accountant, 1986 – 1987
Established the first decentralized tri-state property accounting office
Responsible for all accounts receivable, accounts payable and reporting for 3,000,000 sf of managed properties
Market Research Coordinator, 1985 – 1986
Created and maintained a database of available commercial and industrial spaces throughout the boroughs of Brooklyn and Queens
Established relationships with local brokers, owners and developers in order to support C&W staff
SOFTWARE SKILLS
Argus Software Products, ProCalc, MRI, Skyline, BudgeTrac, Timberline, Yardi and Microsoft Office
EDUCATION
Certificate – Commercial & Industrial Real Estate Studies, New York University, 1987
Bachelor of Science–Business Administration, Mercy College, 1985
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