Real Estate Property Management

Terry W. Watson

Operations and Real Estate Management Professional

adzzyx@r.postjobfree.com • 405-***-****

Terry Watson LinkedIn • Oklahoma City, OK 73159

Accomplished professional with over 30 years of extensive experience leading all facets of operations, asset, and property management across real estate industry. Solid track record of streamlining and supervising optimum efficiency of operational functions across various sites and facilities, driving enhanced process revenue and growth as well as reduced costs. Demonstrated expertise in managing hundred million dollar portfolios, standardizing service levels and appearance of assets, performing asset disposition, and creating new properties. Articulate communicator; well versed in leading successful completion of multiple capital projects from inception to completion within set time, scope, and budget.

Areas of Expertise

Operations & Property Management

Full Life Cycle Project Delivery

Cost Reduction & Control

Real Estate Management

Profit & Revenue Growth

Asset Management

Facility Development

Process Improvement

Financial Reporting

Professional Experience

Velocity Commercial Real Estate January 2023 - Present

Principle

Manage start up boutique brokerage/management/leasing office for third party/owned real estate. Oversee optimal execution of daily operations within a brokerage office, while performing leasing activities for client portfolios. Supervise development and remodeling of assets along with creating robust marketing strategies for properties. Facilitate clients by strategically reviewing and assessing investment options along with executing property management functions for various key clients. Conduct market research on sales and lease comps and determine client position in assets. Perform review and protest real estate taxes as per requirement.

Emerson Commercial Real Estate, Oklahoma City, OK Mar 2015 – December 2022

EVP and Broker

Oversee optimal execution of daily operations within a brokerage office, while performing leasing activities for client portfolios. Supervise development and remodeling of assets along with creating robust marketing strategies for properties. Facilitate clients by strategically reviewing and assessing investment options along with executing property management functions for various key clients. Conduct market research on sales and lease comps and determine client position in assets. Perform review and protest real estate taxes as per requirement.

●Gained recognition by being mentioned in Costar news for successfully selling an industrial property worth $7.8 million at a 6.4% cap rate.

●Steered optimum management of real estate deals valued at $40M and properties for third party clients.

●Made broker of the quarter in Oklahoma City Q4 2021

Bob Moore Auto Group/Black Oak Partners, Oklahoma City, OK May 2009 – Mar 2015

Operations Manager

Directed implementation of operational processes across each company with inclusion of management, accounting, and leasing activities. Upheld concurrent responsibility over execution of wide-ranged key functions to ensure enhanced business profitability and growth. Administered control over efficient management of two million square feet of office, industrial, and retail assets. Analyzed and secured various profitable strategic opportunities to expand business.

●Spearheaded major reduction in costs and improvement in service delivery through utilization of one vendor per expense type, while assembling overall assets as package to several vendors/service providers.

●Contributed to asset disposition and new properties development along with serving as key contributor in re-positioning of older assets.

●Oversaw standardization of service levels and appearance of assets to ensure proper maintenance of properties as per standards.

●Supervised all construction management procedures and tenant build out from space planning to completion.

●Headed successful completion of multiple capital from initiation to completion.

Grubb Ellis, Oklahoma City, OK Mar 2008 – Apr 2009

Business Manager Leadership Square and Oklahoma Tower

Provided business oversight across class A office/retail space spread over 1.43 million square feet for two premier downtime high rise Oklahoma City Properties-Leadership Square and Oklahoma Tower. Assessed and ensured timely resolution of multi-property financial and maintenance issues. Managed daily operations of property, including management and leasing along with leading account staff. Engaged and established strengthened relationships with tenants and ensured consistent asset quality.

●Collected over $15,000,000 in rent per year with over $6,000,000 in expenses.

●Drove cost savings and ensured seamless integration of facility functions by streamlining operational processes.

●Directed implementation of various construction and building capital projects.

●Reduced cost by over $354,000 in the first year.

●I was instrumental in relocating NBA team (The Thunder) to this asset.

Additional Experience

Senior Property Manager, CBRE/Trammell Crow Company, Oklahoma City, OK

Efficiently managed property functions across 375,000 square feet of office/retail space at 50 Penn Place. Leased, managed, and marketed asset to over $4.2 million in rents and $2.2 million NOI – best NOI in the asset’s history.

Director of Property Management, Midland Red Oak Realty/Banta Realty Advisors, Inc., Oklahoma City, OK

Headed operational activities of multi-property lease administration, financial reporting, and staffing across commercial real estate spread across 1.4 million square feet.

Director of Real Estate, Bobby Cox Companies/Boardwalk Real Estate, Midland, TX

Oversaw all owned real estate, including 127 convenience store portfolios in Texas with the largest tenant as 711 or Southwest Convenience Stores, Inc. Oversaw execution of all leasing/management functions across 48 blockbuster video stores in four states and 42 restaurants. Administered control over multiple shopping centers, office buildings, and industrial assets. Successfully entered 127 convenience store portfolios to market and reduced major cost. Developed financial reporting across real all real estate and renewed MTM tenants for over a decade. Portfolio sold and netted over $15,000,000

Education & Credentials

Bachelor of Business Administration in Finance

Southwest Texas State University, San Marcos, TX

Licenses & Certifications

Licensed Real Estate Broker in Texas and Oklahoma Certified Real Property Administrator Through B.O.M.A. Certified Tax Credit Specialist CPM Candidate proficient in Microsoft office

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