Real Estate Asset Management

Stephen A. Kradjian

**** *** ****** **., *******, TX 77027 • 281-***-**** • ***************@*****.***

Real Estate Finance & Operating Professional

Revenue Expansion Financial Planning & Analysis Project Management Underwriting Due Diligence

Commercial Real Estate professional with deep experience leading finance and operational activities of multiple product types and geographically diverse portfolios. Collaborative management style with strong leadership expertise with ability to excel independently. Cross-functional management skills for revenue expansion, management efficiency, investor reporting and accretive capital deployment.

Merging strategic finance experience with demonstrated operational ability to

understand broad perspectives that enhance profitability and efficiency.

Professional Experience

ZG Companies, Houston, Texas 2024 to Present

Private multifamily real estate investment firm

Head of Asset Management

Monitor 2,874 multi-family units over 23 locations in Texas, Oklahoma, Arkansas and Indiana.

Interact directly with the principal in the daily operation and developing strategies to increase cash flow.

Supervised in-house construction teams for the rehabilitation of 460 units as well as lender mandated capital improvements.

Directed the portfolio increase in occupancy from 81% to 95%.

Monitored Section 8 revenue oversight and compliance practices with regional HUD officials.

Manage and oversee third party property management company through daily monitoring and weekly meetings.

Review monthly financial performance and provide lender and equity partner reporting.

Analyze and oversee revenue management, multifamily annual operating and capital budgeting, variance reporting on financial reports and balance sheets.

BHW Capital, Houston, Texas 2023 to 2024

Commercial real estate investment firm

Director of Asset Management

$50 MM fund focused on acquiring and recapitalizing distressed institutional quality multi-family assets.

Provided market analysis on the fundamental metrics affecting real estate valuation to include but not limited to interest rates, cap rates, rental rate trends, construction and capital stack.

Defined stakeholders within the commercial real estate community to include but not be limited to sponsors, originators, brokers, servicers, lenders, mezzanine debt and financial wealth managers.

Identify distressed target sponsors and lenders for acquisition.

Actively target and solicit investors to participate in the fund.

Asset managed the current portfolio of multi-family assets including interfacing with management company, in-house accounting, lender interface and investor communications.

Develop, present, and implement property performance assessments to ownership on a routine basis.

DISRUPT EQUITY, LLC, Houston, Texas 2020 to 2022

Fully integrated multifamily real estate investment firm

Vice President of Operations

Oversaw 3,275 multi-family units over 10 locations in Texas, Florida, and Georgia.

Developed revenue maximization strategies to increase performance of multifamily assets across multiple markets.

Reviewed monthly financial compliance reporting with a focus on producing investor and lender reporting while providing feedback and guidance to regional and property management teams.

Initiate and oversee the tracking and analysis of unit renovations and new construction projects.

Participate in underwriting multifamily properties through market comp analysis, standard equity and debt structures, and capital budgeting.

Analyze and oversee revenue management, multifamily annual operating and capital budgeting, variance reporting on financial reports and balance sheets.

Perform detailed market research through various data tools by extracting, modeling, and presenting market performance data in support of revenue, acquisitions, and operations initiatives.

Stephen A. Kradjian Page 2

BOXER PROPERTY, Houston, Texas 2012-2019

Owner & third-party investment and operations manager of over 17mm square feet of CRE in fourteen major US markets

Director, Asset Management

Direct all activities for the Asset Management group responsible for overseeing property onboarding, leasing, management, accounting, design & construction functions of office, industrial, medical and hospitality properties totaling 17 MM SF.

Identify and procure third party ownership opportunities to contract Asset Management services.

Responsible for the expansion, overall operation, and performance of approximately 4 MM SF third-party accounts.

Supervise the annual budget process with third-party managers, investment partners and internal analyst resources, including presenting and implementing property budgets and business plans.

Develop pre-acquisition and maintain property level valuations through life of the asset DCF analysis, analyze and compare current and historical NOI and key metrics with underwriting.

Supervise leasing and marketing plan to include lease-up projections, estimated tenant costs, marketing methods and associated budget. Oversee and coordinate negotiation and approval of leases through establishment of leasing parameters.

Establish and oversee capital budget and associated construction projects.

Develop, implement and oversee all investor reporting.

THE SITUS COMPANIES, Houston, Texas 2010-2012

Global commercial real estate provider specializing in consulting, loan servicing, and asset management

Vice President, Asset Management

Provided consulting to major financial institutions and institutional investors related to the evaluation and management of strategic real estate assets for all product types including office, industrial, retail, multi-family, hospitality and land.

Led due diligence and loan underwriting team on a $100 million portfolio of industrial assets in Houston. Analysis included assessing the financial strength of borrower and identification of issues related to market leasing risk, rent roll turnover, historical operating statements and budgets.

Participated with the brokerage division consisting of ten individuals, overseeing the management, leasing and sales of commercial real estate, REO and banknotes, including over $53 million in sales value.

Provided customized Asset Summary Reports to determine the effect of individual assets including loan review, current loan and collateral status, collateral description and assessment, sources and uses, borrower analysis, area and demographic review, market and submarket review and comparable lease and sales data.

Developed and implemented outsourced asset management services for clients including lease administration, acquisition/disposition analysis, lease and sales transaction execution, property management and asset reporting.

AEROTERM, Houston, Texas 2001–2010

Division of Realterm Global, approx. $2bn vertically integrated industrial real estate investment management company

Regional Vice President, Western US

Full P&L responsibility for the management of 3 million square feet or industrial air cargo facilities in 57 buildings and 140 tenants in Houston, Dallas, New Orleans, Austin, Kansas City, Oklahoma City, Los Angeles, Portland and Anchorage.

Led the increase of annual EBITDA from $1.6 million to a peak of $8.1 million.

Supervised the development of the $15 million, 170,000 square foot multi-tenant air cargo warehouse facility at Bush Intercontinental Airport, leased to stabilization within twelve months of construction completion.

Successfully directed and integrated the 92% increase in portfolio assets through acquisitions in Houston, Dallas, Oklahoma City, Portland and Anchorage. Led the due diligence teams responsible for initiating purchases, negotiating the sales contract and closing the transactions.

Through a concerted marketing program, increased occupancy of legacy assets from an initial occupancy rate of 67% to a peak of 90%.

Spearheaded over $25 million of new development and redevelopment of industrial and office facilities.

Assembled and managed annual capital and operating budgets, focusing on strategic categorization of costs to maximize expense recovery from tenants while managing tenant retention.

Professional Development

RICE UNIVERSITY, Houston, Texas

Master of Business Administration (MBA), Finance Concentration

BOSTON UNIVERSITY, Boston, Massachusetts

Bachelor of Science, Business Administration (BSBA), Finance Concentration

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