Real Estate Property Management

William J. Krueger

***** ********* ****** ******* *****, Virginia 20165 703-***-**** **********@*****.***

QUALIFICATIONS SUMMARY

Knowledgeable real estate executive with comprehensive asset management, property management, financial, contractual, and operational accounting experience. A practical, results-oriented team player, manager and decision maker who has demonstrated strong business knowledge, analytical expertise, and problem-solving abilities.

PROFESSIONAL OBJECTIVE

To join a mission-driven, team-oriented organization in the multi-family or commercial real estate business sectors in a property management, asset management, finance or accounting leadership role that will benefit from my wide-ranging experience. The ideal position will be located in Washington Metro area or the Mid-Atlantic region of the country.

PROFESSIONAL EXPERIENCE

Nicholas Development

Senior Director of Real Estate 2015-2024

Manage a privately held $98 million real estate portfolio of 31 commercial and residential properties located in 14 states .Duties and responsibilities include:

Property Management – tenant billing, budgeting, cash flow projections, property maintenance, marketing and lease-up, lease negotiations, CAM reconciliations, insurance administration, and government filings.

Acquisitions - Managed the transaction process for the purchase of 15 separate properties totaling $38.3 million in value. Process included site identification, purchase negotiation, financing, and transition of new tenants with in house management company.

Real Estate Taxation - Reduced the real estate tax burden of the portfolio by $75,000 (6%) by working with a tax consultant in challenging assessed values.

Lease Administration - Managed the tenant landlord relationship for 35 properties for the owners printing company.

Financing – Managed the refinancing of 12 properties ($28 million in value) reducing debt service payments by $800,000 annually and improving cash flow and long-term value of the properties.

Independent Property Management 2013-Present

RE/MAX Premier 2010-2013

Residential Property Manager/Real Estate Agent; Sterling, Virginia

Responsibilities

Successfully marketed and maintained rental properties for a portfolio of over 80 properties

Assist clients with all aspects of property leasing, sales and asset protection

Preparation of legal documents including leases, property management agreement listings and sales contracts

Provide legal, economic and market advice to prospective clients

Liaise with maintenance contractors, lenders, and home inspectors prior to contract negotiations

Ensuring terms and conditions of agreements are met

Maintaining and liaising with clients, building relationships with clients to encourage returning business

Coordinate property turnover, property closings and overseeing document signing

Analyzed market trends to determine competitive market prices

Achievements

Actively marketed myself to increase number of properties under management from 60 to 80 in 1 year.

Was part of a sales team at RE/MAX Premier that was in the top 10 in sales in the region.

SUNRISE SENIOR LIVING 1992-2009

Senior Director, Asset Management; McLean, Virginia 2003-2009

Asset Manager for several portfolios of senior living communities, including Sunrise’s second largest managed portfolio, a local not for profit health system and several portfolios owned by venture capital funds . Responsible for maximizing the long-term value of these capital relationships for Sunrise. For the last four years, managed the relationship on portfolio of 79 communities owned by a large healthcare REIT, with annual revenues over $400 million and generating over $25 million of annual management fees.

Served as primary interface between owners/capital partners and all internal business disciplines and provided subject matter expertise. Interacted extensively with senior executives, all levels of field operations, and other headquarters teams, requiring strong analytical, interpersonal, communication, and problem-solving skills.

Coordinated and led far-reaching, cross-organizational activities including portfolio performance review/reporting, contractual compliance, budgeting, operations and competitive market analyses, process innovation and improvement, issue resolution, and return-on-investment projects.

Negotiated $150 million sale/transaction of five assisted living communities developed by Sunrise and their long term management agreements.

Reviewed Pro Formas and provided transaction support on sale of 8 separate portfolios and over $1.5 billion in asset recapitalizations.

Director of Financial Analysis 2002-2003

Served as Director of Financial Analysis for the VP of Operations for the Eastern Region of the company. Responsible for all financial analysis, budgeting and financial reporting for 120 + communities with annual revenues of over $650 million generating over $40 million in management fees.

Managed all aspects of the regions monthly, quarterly and annual financial reporting process. Worked directly with Regional Directors of Operations, Senior Business Managers and the VP of Operations to produce monthly and quarterly packages for senior executives and the external reporting team.

Improved expense management for the region by 5% annually by creating “bottom 20- top 20 analysis”.

Managed the regions annual operational budgeting process.

Director of Financial Analysis 2000-2002

Served as Director of Financial Analysis reporting directly to the President of Operations for Sunrise Management, Inc.. Responsible for all financial analysis and financial reporting for 400 + communities with annual revenues under management of over $1.5 billion.

Managed all aspects of the monthly, quarterly and annual financial reporting process. Worked directly with VP’s of Operations to produce monthly and quarterly reports for senior executives.

Produced quarterly presentations for the Sunrise board of directors.

Completed monthly same store analysis that assisted the company in its quarterly and annual reporting and forecasting to Wall Street.

National Director of Business Managers 1997-2003

Reported directly to the Chief Accounting Officer of the company and lead a team of 35 Regional Business Managers responsible for the operational accounting, analysis and budgeting for 200+ US and CA communities.

Managed hiring, training, and position development for the department. Worked directly with Directors of accounts payable, payroll, and accounts receivable to help improve accuracy and timelines of data input.

Worked on Peoplesoft AP and Payroll implementation teams that significantly increased the accuracy and timeliness of the company’s financial reporting process.

Lead a team that did a comprehensive analysis of operational accounting work-flow and economies of scale. Our team presented the findings of this analysis and made recommendations to the senior executives which helped justify the decision for the company to purchase and implement a time clock system and a decentralized billing software.

Regional Business Manager 1995-1997

Created and developed the Regional Business Manager position which improved data entry accuracy by 40% and reduced operational accounting staffing costs by over 35%. Piloted the position that served as community controller for a region/cluster of 6 communities.

Managed accounts payable, payroll, accounts receivable, and monthly P&L statement reporting for each community.

Developed a weekly financial tracking spreadsheet that improved overall expense management by 10% and improved efficiency and quality of the monthly variance reporting process.

Created a daily revenue tracking sheet that assisted the sales and marketing teams with revenue management and allowed for daily setting of staffing levels.

Executive Director 1994-1995

Served as Executive Director of a 57 bed assisted living community that generated annual revenues of $1.8 million and a profit margin of 38%. Improved average occupancy from 93% to 95% through a marketing plan targeted at key professional referral sources. Managed a staff of 45 FT& PT employees and achieved customer satisfaction and employee satisfaction levels in the upper 10% of the company.

Director of Administrative Services 1993-1994

Managed accounts payable, payroll, resident billing, HR, and monthly variance analysis for a 57 bed Assisted living community. Decreased YOY annual expenses by 4% by designing and implementing daily staffing and expense tracking tools. Improved annual revenues by 8% by establishing monthly care assessment reviews to assure that the care being given was being paid in a timely manner

Financial Analyst 1992-1993

Served as Financial Analyst for the Chief Financial Officer. Reviewed and analyzed pro formas that were presented to potential capital partners and lending institutions. Performed a monthly and quarterly project cost analysis on seven projects under construction. Worked on presentations to potential investor groups and lending institutions.

Additional previous relevant experience included:

Founder and owner of a seal coating business that paid for college education .

Co-Founder and Director of Operations of a commercial printing company - Krueger Printing.

EDUCATION & PROFESSIONAL

BS, Economics – University of Wisconsin Madison

MBA – University of Illinois Chicago Circle

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