Michael S. Pherigo Email & Phone Number

Washington, Dc, Us

Silver Spring, Md, Us

• Lead on-going financial monitoring and evaluation of property performance, particularly watchlist management, reviewing cash flow projections and reserve management for an assigned portfolio of properties.• Monitor all debt and equity financing requirements.• Assists property management firms and Director of Asset Management in preparing the annual operating budgets.• Review requests for replacement reserve reimbursements.• Review bids for large projects and make recommendations as necessary.• Implement acquisition plans for the limited partner interest in MHP’s LIHTC properties at Year 15.• Manage reporting requirements for lenders and insurers, including filing reports with management companies.• Analyze reports to track repair and maintenance trends, schedule capital needs assessments, develop and maintain capital needs tracking system.• Evaluate and manage property management performance.• Regularly review energy use at properties and identify methods for improving energy efficiency.• Responsible for overall risk management strategies including insurance structuring, emergency preparedness, compliance, and property management policies.• Assists with tax appeals, including completing 3-year surveys.• Oversee large capital improvements, including selecting consultants/contractors and monitoring budget.• Take the lead on development hand off, attending weekly meetings, monitoring construction and lease up, assisting with financial close out as needed.• Participate in MHP’s future development ventures and provide input on design, operating and other features of proposed new development projects.• Work with Development staff on refinancing and rehab of existing properties in portfolio and property acquisitions.• Participate in interdepartmental teams and committees.• Review internal reports and present them to internal stakeholders, including senior staff and the finance committee of the MHP Board.

Fairfax, Virginia, Us

• Provided leadership to a team of as many as 48 associates between multiple sites.• Oversaw the supervisory performance of as many as eight communities totaling 2,348 conventional units and 16,466 square feet of retail space in the City of Baltimore, MD, Howard County, MD, Montgomery County, MD, Prince George’s County, MD, Fairfax County, VA, and Prince William County, VA while reporting to four separate ownership groups.• Mentored site-level associates through hands-on instruction and demonstration of industry best practices.• Conducted both facility and administrative due diligence inspections and reviews.• Reviewed proforma data and prepared budgets to align with underwriting requirements.• Collaborated with Accounting Department to complete cash flow analysis, and prepared expenditure schedules accordingly.• Onboarded assets and associates via ownership and/or management transitions.• Prepared contract analysis reviews, solicited request for proposals, awarded and terminated contracts, reviewed/approved contract. modifications, and collected documents to set up new vendors as well as keep existing vendors in compliance. • Submitted data, reporting, and recommendations to lenders and ownership as requested.Reason for leaving: Involuntary – Downsizing due to sale of properties within portfolio

Mississauga, On, Ca

• Provided leadership to a team of 23 associates between multiple sites.• Oversaw the supervisory performance of two communities totaling 596 conventional units and 30,000 square feet of retail/office space in the City of Falls Church, VA and the City of Rockville, MD.• Acted as a liaison between the Senior Vice President, Regional Manager, Corporate Accounting, and the Community Managers by relaying new information and corporate standards while promoting the standardization of policies, procedures, and forms to all communities. • Analyzed financial statements and made necessary operating adjustments to improve the revenue streams and cost efficiencies. • Increased Net Promoter score by 167.67% between 2018 and 2019; trending 28.57% YOY improvement in May 2020 over 2019.• Decreased overall portfolio vacancy loss by 22.68% in 2019 compared to 2018; trending 29.80% YOY improvement in May 2020 over 2019.• Improved overall portfolio NOI by 10.73% in 2019 compared to 2018, with a 5.22% total revenue increase and a 5.21% reduction in total controllable operating expenses; trending 13.52% YOY NOI improvement in May 2020 over 2019.• Reduced AR delinquency by 45.02% and bad debt write-offs by 10.28% in 2019 compared to 2018, with an increase of 10.30% in bad debt recovery; trending a 64.17% YOY improvement in May 2020 over 2019.Reason for leaving: Involuntary – Company restructuring during COVID-19

Arlington, Virginia, Us

• Provided leadership to a team of 32 associates between multiple sites.• Oversaw the supervisory performance of five communities totaling 1,475 conventional and affordable units in Arlington County, VA and Montgomery County, MD.• Oversaw the supervisory performance of twelve communities totaling 962 conventional and affordable units in Arlington County, VA, Fairfax County, VA, and the City of Alexandria, VA, with an additional 93 units under development in the City of Alexandria.• Physically inspected the properties to ensure the quality of market-ready apartments. Additionally, maintained the physical condition and operations of multiple properties through frequent site visits, inspections, and audits.• Prepared and presented twelve budgets, which all met or exceeded NOI performance expectations during my oversight.• Successfully increased overall portfolio occupancy trend from 92.69% to 97.74%.Reason for leaving: Offered career advancement opportunity by referral

Los Angeles, Ca, Us

• Provided leadership to a team of 12 associates between multiple sites and offices.• Participated in the repositioning and redevelopment plans for each asset. • Worked towards fulfilling the communities’ leasing potential; developed and executed marketing initiatives to support that goal.• Increased occupancy over 10.00% following extensive common area and unit interior renovations during summer months, with significant gains during winter months, ultimately stabilizing occupied, leased, and trend rates.• Improved revenue by 14.46%-27.11% and improved NOI by 18.47%-34.36%.• Successfully achieved renovation project substantial completion per deadline which was originally projecting delayed delivery.Reason for leaving: Offered career advancement opportunity by recruiter

Rockville, Md, Us

• Provided expert opinion on budget development and preparation.• Prepared and solicited Request for Proposals.• Responsible for the direct management and processing of account payables, account receivables, and lease administration. • Analyzed financial records for improvement opportunities while ensuring proper GAAP methods are in use.• Competitively procured new and updated vendor/supplier bids.• Maintained vendor paperwork and financial records.• Supported Project Manager in daily operations.Reason for leaving: Offered career advancement opportunity by former supervisor

Atlanta, Georgia, Us

• Provided leadership to a team of 6 for a community comprised of thirteen garden-style buildings totaling 300 conventional units.• Provided leadership to a team of 5 for two mixed-income communities, one high-rise and mid-rise, totaling 239 mixed-use units.• Effectively raised occupancy levels from 2% below budgeted amount to 4% above budgeted amount for a community containing 300 units while maintaining aggressive rate growth strategies.• Developed and executed renovation scope within budget guidelines while increasing the average effective rent by 5.54% for a community containing 50 units.• Achieved 13.65% actual revenue growth and 16.95% actual NOI growth, while maintaining an average physical occupancy rate of 95.1% and an average leased rate of 97.3% for a community containing 189 units.• Achieved 7.00% actual revenue growth and 3.50% actual NOI growth, while maintaining an average physical occupancy rate of 97.1% and an average leased rate of 98.6% for a community containing 50 units.Reason for leaving: Voluntary – please contact for details

Boston, Ma, Us

• Assisted the ownership transition by introducing new associates to an extensive knowledge of operations and in-depth understanding of market conditions.• Reviewed scheduled contract expirations against trending occupancy and budget forecast to determine optimal rate increase amounts, in addition to determining which contracts were in best interest of the asset to terminate. • Responsible for rent collection, ledger review/correction, A/R processing, A/P processing, deposit reconciliation, and pass-through allocations. • Audited accuracy of billing entries for all lease options to ensure correspondence between ledgers and agreements.• Provided lease interpretation consultations to clients and associates.Reason for leaving: Offered career advancement opportunity by former supervisor

New York, Ny, Us

• Closed over $9.3M in sales for 2010 with an average rental increase of 3.87%.• Closed over $5.9M in sales for 2009 with an average rental increase of 2.91%.• Created contract expiration tracking spreadsheet which later evolved into the company’s standard tool utilized nationwide.• Served as back-up Finance Manager.• Facilitated monthly Tenant Association meetings.• Collected insurance declarations prior to both the initial lease and lease renewal taking effect.• Performed community, unit, and quality control inspections.Reason for leaving: Berkshire Property Advisors purchased Community

Additional Titles Held: Leasing Professional, Renovations Coordinator, Retention Specialist, Maintenance Administration Manager• Received first promotion from Leasing Associate to Renovations Coordinator in less than 90 days of employment.• Closed over $2.5M in rental sales for 2007 with an in-place average of $1675.00.• Supervised the maintenance department containing a staff of 14 associates and numerous vendors.• Responsible for finalizing a $70M community redevelopment project.• Maximized lease-up opportunities through the development of effective marketing initiatives.• Received, entered, assigned, and closed maintenance requests in addition to implementation and coordination of preventative maintenance programs.• Developed community specific practices and correspondence templates.• Coordinated temporary housing placement and permanent transfers for residents to correspond with project deadlines.• Coordinated event planning for resident functions.Reason for leaving: Management contract expired – Riverstone was the third-party management Agent for the Owner, Stellar Management

Us

Additional Titles Held: 2nd Assistant Store Manager, Retail Leadership Development Trainee• Received first promotion after 9 months of employment• Graduated from Safeway’s six-month Leadership Development Program within five months of employment, and was immediately promoted from 2nd Assistant Store Manager to 1st Assistant Store Manager• Received perfect scores on 21 out of 21 customer service mystery shop reports• Led a team of 15 department supervisors, oversaw 12 departments, and supervised 100+ associates within the collective bargaining unit• Conducted business, financial, and department reviews• Recruited, screened, hired, and trained new associates• Wrote weekly department schedules• Completed daily time/attendance records and weekly payroll entries• Set up merchandising displays• Filed Risk Management ReportsReason for leaving: Voluntary - please contact for details.

Bethesda, Md, Us

• Supervised a team of 5• Held Certified Food Service Manager license• Trained associates on Food Safety Regulations• Coordinated preparation of banquet cuisine for hotel events• Monitored inventory and placed purchase orders• Designated daily responsibilities based on scheduled workload • Ensured quality control of product delivery

Certificate, Hospitality – Hotel & Travel Services

Diploma, General Studies