Real Estate Executive
Resume:
STEVEN C. THROWER
Orinda, California 94563
Cell: 510-***-****
*********@*******.***
REAL ESTATE MANAGEMENT
QUALIFICATIONS • MBA - Finance, 20+ years of real estate experience
• Multi-family, retail, office and industrial properties background
• Market Rate & Affordable (LIHTC, HUD & Bond) knowledge
• Experienced in all facets of asset, portfolio and property management, acquisitions and dispositions
• Strong verbal and written communication skills
• Expertise in organizational management, financial analyses, strategic planning and contract negotiation
PROFESSIONAL EXPERIENCE
The Reliant Group, San Francisco, California 2007 to June 2009
ASSOCIATE DIRECTOR OF ASSET MANAGEMENT
• Senior asset management position for this innovative multifamily investment firm which specializes in tax exempt financing, tax credit, and value-add opportunities – presently comprised of over 7,000 units in eight states.
Provide direct supervision, guidance and motivational support for asset managers.
Serve as company’s contact for HUD and other regulatory agencies.
Engage and review all property tax appeals and exemption applications.
• Prepare management commentary and performance summary for Quarterly Investor Reports.
• Provide direct oversight of third party property management firms with respect to leasing strategies, expense management, and operation issues for assigned assets – currently 1,225 units located in New Mexico and Texas.
Major Projects/Achievements
* Wrote and gained acceptance for Reliant’s Asset Management Guidelines and Ownership Philosophy.
* Designed new annual business plan format.
* Implemented newly developed interior renovations at two New Mexico properties.
* Aggressively managed process resulting in certification of 1,412 residents for a recently acquired tax credit portfolio markedly ahead of schedule.
* Designed and implemented $120K+ in pre-sale renovations and orchestrated a 23% revenue increase in six months on a property identified for sale.
Eden Housing, Inc., Hayward, California 2004 to 2007
CHIEF OPERATING OFFICER
• Responsible for all facets of ongoing operations of one of California’s oldest non-profit, affordable housing owners – the current portfolio consists of 47 properties located in five Bay Area counties.
I am the second highest-ranking corporate officer and report to the Executive Director of Eden.
Manage the functional areas of property management, asset management, human resources, accounting and financial reporting, as well as internal operations (which includes general administration and information technology).
Purchase property and liability insurance and administer all claims reporting and settlement matters.
Working with outside counsel, handle all legal issues for the company.
Continued...
STEVEN C. THROWER Page Two
PROFESSIONAL EXPERIENCE (Continued)
Major Projects/Achievements
* Instrumental and at the forefront of a cultural change in the organization to raise the bar at Eden Housing in terms of performance and accountability.
* Completed the first-ever portfolio valuation and leverage analysis.
* Spearheaded the conversion to a new accounting/property management software program.
* Uncovered the need for a utility rate audit which resulted in annual savings in excess of $67,000.
* Leased all of the company’s incidental commercial space.
MIG Realty Advisors, Inc., Walnut Creek, California 1994 to 2004
(an affiliate of Associated Estates Realty Corporation)
PORTFOLIO VICE PRESIDENT (2000 to 2004)
• Responsible for the firm’s two largest accounts -- the $332-million multifamily portfolio of the California State Teachers’ Retirement System and a $139-million real estate portfolio owned by the City of San Jose retirement programs which contains primarily commercial properties.
Prepare portfolio presentations on acquisition, disposition, operational and investment activities.
Present portfolio information including operations and performance to institutional clients.
Coordinate acquisition and disposition activities on behalf of clients in order to effectuate the implementation of established strategy.
Establish relationships with client investment staff.
REGIONAL OPERATIONS VICE PRESIDENT (1994 to 2000)
• Provide regional leadership in the areas of the asset and property management, acquisitions and dispositions for this $1.6 billion institutional real estate advisor.
Overall financial responsibility for the successful operation of a $209.2 million multi-family and commercial property portfolio located throughout the Western U.S.
Direct supervision, guidance and motivation of all asset management personnel as well as 70-plus property management employees.
Presentations to pension clients recapping annual performance results and business strategies.
Critique all annual business plans and approve all property budgets.
Review all quarterly reporting and performance measurements.
Report to Senior Vice President of Operations.
• Instrumental in the formation of The Northstar Group, MIG’s property management organization
Developed organizational policies and procedures, award and compensation programs for on-site operations.
Involved in the creation of the National Training Team and employee development programs.
Major Projects/Achievements
* Established The Northstar Group in the Western region.
* Managed region’s growth with the acquisition of $207.7 million in new multi-family assets.
* Asserted clients right to vacant parcel in receivership with the RTC and completed the purchase.
* Developed collection policy for commercial accounts which proved instrumental in resolving more than $400,000 in delinquent balances.
Metric Partners, Foster City, California 1987 to 1994
PORTFOLIO MANAGER (1990 to 1994)
• Managed three publicly-held limited partnerships owning $166.3 million in real estate.
Oversaw the operations of 26 properties nationwide consisting of 4,333 apartment
units and 866,000 square feet of retail, office, and industrial space.
Developed and implemented investment strategies for each partnership.
Prepared quarterly reports and presentations to general partnership committee.
Reported to Senior Vice President, Asset Management.
Continued...
STEVEN C. THROWER Page Three
PROFESSIONAL EXPERIENCE (Continued)
• Increased portfolio cash flows through improvement of property operations and management of $106.5 million in associated mortgage loans.
Approved annual operating budgets and monitored/analyzed financial performance.
Negotiated loan work-outs, debt modifications, and extensions with lenders.
Authorized and negotiated capital improvement contracts.
Negotiated and executed major commercial leases.
Reviewed property tax assessments and status of appeals.
Completed hold/sell analyses.
• Coordinated the activities of outside consultants and vendors
including attorneys, appraisers, architects, engineers,
environmental consultants, and construction contractors.
• Interfaced with eleven in-house property managers and numerous on-site personnel nationwide.
Major Projects/Achievements
* Negotiated prepayment discounts on $22.4 million in debt; obtaining $3.6 million in debt forgiveness and $2.8 million in debt service savings during the first three years.
* Increased annual partnership cash flows from a loss of $1.1 million to a gain of $287,000.
* Closed a transaction in 18 months for the expansion of a 42,000-square foot shopping center anchor. Previous negotiations by predecessors had resulted in a 5-year stalemate.
* Completed debt modifications on eight loans totaling $48.9 million.
SENIOR REAL ESTATE INVESTMENT ANALYST (1987 to 1990)
Grubb & Ellis Commercial Brokerage Services, San Mateo, California 1985 to 1987
OFFICE PROPERTIES BROKER
United States Fleet Leasing, Inc., San Mateo, California 1983 to 1985
FINANCE MANAGER
Amdahl Corporation, Sunnyvale, California 1980 to 1982
MANAGER OF REVENUE ACCOUNTING AND ACCOUNTS RECEIVABLE
Hewlett-Packard Company, Palo Alto, California 1976 to 1980
ACCOUNTING MANAGER
EDUCATION MBA - University of Santa Clara, Santa Clara, California, 1981
BSC in Accounting - University of Santa Clara, Santa Clara, California, 1977
LICENSES California Real Estate Broker License
TECHNICAL Proficient in all Windows Office software and specialized real estate packages.
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