Sr. Director Asset Management
Chicago, Illinois, Us
Senior leader of a 10-member team focused on financial asset management strategy, large lease analysis, management agreements, financial models, and liquidity analysis for assets across US marketsServed as finance lead for Willis Tower, a 3.9M sf asset with four major revenue streams and annual NOI of $110M+• Instrumental in structuring United Airlines headquarters’ lease extension (750,000 sf) deal. Received ‘Building the Best’ award for outstanding performance.• Devised novel rent concession structure to retain 70,000 sf anchor tenant. • Structured waterfall provisions in management agreements for two major restaurant tenants, locking in rent floors and significant upside potential. • Managed financial reporting, budget, and key performance indicators for 90,000 sf of flex office space at the asset• Handled cash management activities, ensuring adequate funding for a $900M repositioning capital project.• Built and maintained financial models for Willis Tower’s broadcast business (annual NOI of ~$8M) and observation deck (annual NOI of >$30M). • Worked closely with cross-functional teams to manage liquidity during COVID-19 pandemic when the asset was placed into a cash trap with the special servicer.• Liaised with insurers, lenders, contractors, tenants, and Blackstone Group to manage liquidity following a major flooding event (~$100M insurance claim). • Collaborated with Blackstone Group and external brokers for development of potential asset sale strategies.In addition to the above, provided financial leadership for a portfolio of assets in several other US markets including Denver, San Francisco Bay Area, Texas, and Atlanta