SUMMARY OF QUALIFICATIONS:
Senior Executive with extensive experience in all aspects of general management, strategic planning and property management for commercial and multi-family properties. Documented success in the turn-around of troubled and underperforming assets. Expertise in leadership development, corporate training and administration with demonstrated ability to work effectively across multiple levels of organizations. MBA with concentration in Finance and MA in Human Resources.
PROFESSIONAL HISTORY:
HYATT WIGHT AND ASSOCIATES 2001 - Present
Interim Executive and Property Management Consultant
Provides temporary executive services, property management and asset management consulting including acquisitions, refinance and dispositions for small and medium sized developers and owners.
NEW PLAN EXCEL REALTY TRUST, INC., New York, NY 1999 - 2001
Vice President - Apartment Operations
Bottom line accountability for the residential division of this $3 Billion Real Estate Investment Trust (REIT), comprised of 12,550 apartments on 53 properties in 14 states. Reported to the CEO and supervised VP of Redevelopment, Director of Property Management, 8 District Managers and 360 office and site personnel.
Devised marketing and pricing strategy resulting in occupancy increases of up to 10% and revenue increases as much as 14% by specific properties in a 1 year period in flat markets.
Produced training and development program resulting in performance turn-around and increase of FFO by 9.5% over the year prior in flat or declining markets.
Developed and implemented capital improvement and redevelopment plan of approximately $35 Million resulting in FFO growth of over 23% by redeveloped properties.
Created resident selection and collection procedures resulting in a reduction of Bad Debt of 48% over a 1-year period.
THE COLONNADE GROUP INC., Winchester, MA 1994-1999
Founder and President
Asset management and property management consulting firm specializing in assisting developers of mid to large size apartment communities across the country. Services included strategic planning, monitoring financial performance, property inspections, and strategies for on-site management improvement.
Inspected sites and participated in the creation of a $15 million redevelopment plan for 27 apartment communities in the Dallas-Ft. Worth Metroplex and Houston area.
Supervised the $415,000 renovation of a 40 unit apartment community completing the project on schedule under budget.
Inspected and recommended successful investment and management strategy for properties in Massachusetts, Connecticut, Pennsylvania, Tennessee, the Carolinas, Minnesota and Chicago.
Led strategic planning initiatives for the Office of Economic Development for the City of Boston, and the data processing division of a major mutual fund management company.
THE BOSTON FINANCIAL GROUP, Boston, MA 1985-1994
Partner and Vice President of Property Management
Bottom line accountability for a portfolio of 11,000 conventional and subsidized apartment units in 11 states. Monitored long-range physical and financial planning.
Produced consistent annual improvements in net operating income from properties in flat or declining markets through innovative marketing strategy, intensive training and tight budgetary controls.
Successfully negotiated and executed workouts for 6 troubled properties with lenders and government agencies.
Developed and managed the turnaround of 11 additional troubled properties resulting in successful sale, refinancing or retention.
THE ROUSE COMPANY, Boston, MA 1983-1985
Director of Retail Operations
Responsible for day-to-day management of Faneuil Hall Marketplace in Boston. Directed office and retail leasing, maintenance, and security for this major mixed-use center generating over $80 million in sales annually.
Implemented re-merchandising strategy and installed cost controls that resulted in a net operating income growth of 5.5% in one year.
Devised collection process that reduced Accounts Receivable by $100,000 in 3 months.
Assisted in the successful resolution of a tenant class-action suit resulting in the restoration of good relations among merchants, local management and The Rouse Company.
U.S. ARMY
Special Staff Officer for the Secretary of Defense and Secretary of the Army, 1979-1983
Analyzed requirements and allocated major resources to over 50 natural disasters and emergencies in the continental United States and abroad.
Organized and led a high performance team that provided the identification and preparation of facilities, reception, processing, housing, feeding, transportation, security, and medical care of over 85,000 Cuban refugees in 5 locations.
Nominated for the Pace Award for the Most Effective Staff Officer on the Army Staff.
Documented track record of success in various military command and senior staff level positions in the US and overseas.
EDUCATION:
MBA Finance and Investments 1983
The George Washington University, Washington, DC
MA Human Resources Management and Supervision 1978
Central Michigan University, Mount Pleasant, MI
BBA Business Administration 1972
University of Texas at El Paso, El Paso, TX
AFFILIATIONS AND CERTIFICATIONS:
Certified Property Managerฎ, by the Institute of Real Estate Management |
