Directed and supervised all Lease Administrators and Property Managers in-house and third party.Determined disposition and marketing strategies based on market and property conditions.Developed budget with accounting staff: recovery costs, CAM & % Rent, e.g.Implemented use of property management software for better management and reporting.Addressed deferred maintenance and risk management issues.Bolstered Landlord/Tenant relations with excellent service leading to tenant retention and referral.Improved opex by bidding on services, more aggressive vendor contracts, energy saving measures.Oversaw capital improvements and tenant improvements including the installation of 12 wireless cell sites.Bolstered Town and Gown
community relations by sponsoring and hosting events, joining organizations.
(purchases and acceptance of donated real estate and gifts-in-kind):Identified, hired and supervised property specific real estate brokers and specialized outside legal counselwith cooperation of General Counsel, e.g. specific markets such as architectural/historical designations.Negotiated terms of LOI and Purchase and Sale Agreements of commercial, retail, industrial, vacant land andresidential properties.Established interdepartmental Acquisition Committee and Due Diligence Budget to improve diligenceprocess, share information, reduce redundancy and costs comprised of Real Estate, Capital Construction,Facilities Management and University Architect.Brought diligence protocol in-house (previously outsourced to law firms) reducing costs and improvingdepartmental professionalism in making responsible informed decisions.
Made site visits, met with local brokers, regulatory agencies (Building and Safety, CoastalCommissions, Fish & Game, preservation agencies), appraisers, developers, business owners, lienholders, landmen, etc.
Ordered and reviewed preliminary title report and underlying documents often troubleshootingeffective measures to resolve clouds on title, deed restrictions, e.g.
Reviewed easements, right-of-ways, local ordinances, parking and building codes, signageordinances, zoning, permitted use, architectural and mechanical plans, reciprocal easementagreements, liens, leases, licenses, estoppels existing vendor contracts, etc.
Hired environmental engineers for Phase I, II, and possible remediation, surveyors, structuralengineers, roof assessment reports, geotechnical engineers for soils, potable water, seismic hazard anderosion reports, civil engineers for environmental impact studies, etc.Managed disposition and marketing strategies of donated real estate determining highest and best use:
Ex: putting a SFR w/10 acres, historically designated, zoned A-1, appraised at $2,000,000 on a RFP(without a purchase price) to see what the market would bear. The sale was awarded to a homedeveloper who split the site into a SFR w/1 acre (the historical designation) and a new 9 acre SFRsubdivision of 26 homes selling in $500,000 range. By conclusion of entitlements and close of escrow the university realized $7,000,000.
Ex: strategically holding desert properties to sell to wind farm and casino developers who were doingtheir diligence and/or going through entitlement processes.
Administration of Real Estate Office
Supervised and developed staff of eight (property managers, lease administrators, tax manager, accounting,director of gifts and physical plant) encouraging them to propose solutions and strategies, greater levels of responsibility and independence and take advantage of professional and personal development opportunities.Developed or revised reports to improve management and communication with other departments.Participated in the development of budgets and monthly budget analysis (variances), monthly review of income & expense reports, rent rolls, accounts receivable/payable, capital projects, etc.
Oversaw property tax filings, exemptions and appeals.Managed large mineral interest portfolio (oil, gas, silver and gold leases).Complete overhaul of department files, systems and implementation of available technology.
University of Southern California
, Real Estate & Asset Management, Los Angeles CA
10/1998 to 1/2004