Detail-Oriented Real Estate & Property Management Leader

Laraine Kulpowich

Real Estate & Property Management

Hamden, Connecticut, United States

Very analytical, observant and striving to accomplish difficult task.

Experience

****- ** *******

Working as an independent contractor for Real Estate

Development Companies, Condominium Associations, Representing Legal Practices as an expert witness for insurance matters litigated in court proceedings. All assignments utilize my professional background to analyze real estate practices.

Healthcare Trust of America

Senior Property Manager

March 2020 - December 2022 (2 years 10 months)

Commercial Senior Property Manager with responsibilities for Class A Medical

Facilities encompassing over 600,000 SF. of prime MOB Real in several Estate counties. Complete management and responsibilities of monthly financial reporting and budgeting. Projection for the current fiscal year. Other responsibilities involved supervision of staffing needs, vendor agreements and contractual engagements.

Boxer Property

Senior Property Manager

January 2008 - February 2020 (12 years 2 months)

Complete Budgeting, Leasing, Capital Improvements, Tenant Negotiations and

Management of Staff consisting of Maintenance and Courtesy Officers

Meredith & Grew Oncor

Commercial Property Manager

January 2009 - September 2010 (1 year 9 months)

Management of 300000SF Commercial Real Estate for Greater Hartford Area

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Responsible for the overall management of multiple Class B commercial office buildings in downtown New Haven.

Responsible for project management, budget preparation/financial reporting and analysis, building operations, leasing and tenant retention.

To use interpersonal and organizational skills, supervisory experience, and the ability to communicate effectively with the clients and tenants.

Established and maintained positive relationships with tenants, contractors and employees through regular proactive communication and routine follow up.

Developed job specifications, collected bids and selected outside contractors for capital improvements, cleaning, landscaping, and snow removal.

Managed tenants build outs & building improvements from design through completion with budgets ranging from $2,000 to $450,000.

Abstracted leases ensuring the accuracy of tenant services, rental rates, escalations and other billable items. Monitored and collected all monies due from tenants under the terms of their lease.

Set up and maintained a preventive maintenance program for the physical plant and equipment, reducing down time and increasing useful life.

Prepared budgets, variance reports and monthly operating reports in a timely manner for the owners and investors.

Analyzed P&L statements and general ledger comparing actual performance against budgeted & industry standards and developed action plans to correct variances.

Managed the due diligence process in the sale of company assets including phase I & II environmental site assessments.

Corcoran Jennison Management, Inc. - Boston, MA 2004 - 2006

Regional Manager Northeast

Managed a diverse portfolio of affordable, subsidized, luxury/tax credit apartments and commercial property located throughout the Connecticut and Central Massachusetts area.

Supervised Property Managers and staff for each distinct property

Reviewed preparation of both monthly and annual financials for HUD, CHFA, USDA and private ownership

Performed property inspections for REAC, USDA, Spectrum, CHFA and other lending authorities.

Coordinated and prepared capital expenditure programs for review with asset management

Coordinated meetings to Corcoran Jennison &New London Development Commission regarding.

the eminent domain projects.

Trained by Spectrum for Tax Credit Administration (LIHTC/C3P) and NECHMA for COS administration.

Accomplishments: Instrumental in organizing and supervising the relocation of 40 units that were effect by arson with the assistance of Stamford’s Mayor’s Office and the Red Cross. All relocation and building re-structuring work was performed in house with no effect to income or HUD & local government department approval to return to the affordable house building within a five-day period.

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Carabetta, Inc. – Meriden, CT 2002 - 2004

General Manager/Facilities Manager

Managed 1500 apartment unit s that were HUD subsidized, Section 8, 236, USDA for predominately elderly citizens located in New Haven Connecticut

Established a leasing, accounting and maintenance office onsite as required by HUD agency regulations and ascertained /implemented compliance issues.

Implemented a real estate marketing program, established a resident retention program, and conducted meetings with resident associations.

Monitored, scheduled and inspected maintenance staff preparation of available rental units.

Supervised maintenance staff of forty employees, leasing staff, general office staff and accounting personnel

Prepared monthly reports for HUD and other elderly programs for funding.

Prepared annual budget and provided detailed narrative for specific budget line requests.

Accomplishments: Increased the rental occupancy ratio from a value of 60% to 95% within a six-month period by marketing and networking with local agencies and the local city political offices. Negotiated a contract with the local cable provider to install services for the elderly at a reduced cost as well as increased income to ownership.

Grubb & Ellis Management Services – Stamford, CT 1998 - 2002

Portfolio Manager /Facilities

Managed accounting and leasing for several Class-A commercial properties (500,000 SF) and condominium associations in the Fairfield County Area with responsibility to perform the following.

Budget preparation in excess of $11M

Furnished detailed description of monthly variance reports, analysis of operating costs and capital expenditure plans.

Prepared tenant operating costs as abstracted from leases

Reviewed financial statements with owners and management.

Supervised maintenance staff and vendors conducted weekly tenant relationship meetings.

Supervised accounting staff comprising of accounts payable, accounts receivable and asset manager.

Accomplishment: Facilitated and organized the sale of a bankrupt building during a two-year period for the court /ownership to provide some financial recovery. Both owners with divided interests and the lending organizations were able to recover above the market value due to management improving the facilities appearance and quality of tenancy.

O, R&L Property Management – Branford, CT 1996 - 1998

Commercial & Investment Facilities/Facilities Manager

Financial preparation for portfolio which included over 1,060,000 square feet of Class A office space, industrial, warehouse and State of Connecticut owned portfolio.

Prepared for the State of Connecticut, DPW, Seaside Regional Center, and Waterford, CT, a multi-building property on a waterfront site required extremely detailed review of lease terms of its clients due to the nature of the services provided and being initially the first privatized property of the state portfolio.

Prepared monthly detailed financials for each property, including narratives of budget variances and planned capitalization programs.

Reports also discussed significant events at each property, planned work schedules and meeting summaries with tenants.

Supervised and scheduled maintenance staff and vendors, competitive bidding of preventative maintenance contracts and issuing contracts, budgeting report for new fiscal year and preparation of Facilities Guides for each property.

Supervised accounting staff consisting of A/P, A/R, Asset Mgr. and Controller

Accomplishment: Orchestrated the immediate removal of DNR patients from a state facility during the middle of the night. The Waterford DMR was struck by lightning that completely destroyed the onsite generator for the 1000 bed facility. Engaged fire department, ambulance service and local organizations, in order to relocate patients without the loss of lives. The facility was brought back online within a 4-day period by organizing and searching for a special replacement generator that needed to be air delivered.

New Haven Towers Associates – New Haven, CT 1991 – 1996

General Manager

General Manager for (600 + Units) Three Luxury High–Rise apartment complexes and a strip shopping center with residential and professional occupancy

Management duties involved planning through budgeting and market analysis, advertising and space merchandising, screening tenants, negotiating leases, rent collections, maintaining the interior and exterior of premises, supervising maintenance staff, doorman/porters/security and office totaling thirty-five employees.

Implemented a computer software system (MRI) to provide detailed monthly periodic reports to the property owners.

Advised ownership on a twenty-year capitalization program and the cost effectiveness of replaced of major equipment vs. repair.

Accomplishment: Re-established the relationship with the neighboring community and Yale University to increase occupancy and increase the market rent in the community.

Citi-Corp – New York

1971 - 1991

Construction/Property Manager

Complete property management, financial input, budget analysis and review of contract expenditures for a territory of the New England States.

Education

University of Bridgeport – Bridgeport, CT

BA Education

Licenses and Professional Certifications

Real Estate-License and Appraisal - Ongoing

CAM Licensed

COS &CP3 Trained

Software

Lotus, Excel, Tenant Pro, Site-Pro, Yardi, One Write Plus, MRI, Timberline, Skyline, Peachtree, Micro-Soft Works

Associations

BOMA, NAWIC, IFMA, IREM

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