Paula Phillips

Paula Phillips Email and Phone Number

Chief Operating Officer (Real Estate) @ The Congress Group
Paula Phillips's Location
Boston, Massachusetts, United States, United States
About Paula Phillips

Highly skilled and accomplished real estate executive offering 30+ years of professional experience leading large and complex property development projects. Demonstrated record of success in spearheading and coordinating multi-disciplinary teams on multi-million dollar operations. Recognized for consistently delivering exceptional results and working with service companies to increase cost effectiveness and inspiring performance improvements. Experienced in ground-up development, turnarounds, rapid appreciation and budgeting.With strong engineering and financial background, serve on senior management teams that provide technical guidance, design support, financial management, and solutions to complex problems. Established cost parameters, pricing structure and promotional strategies for marketing various portfolios. Adept negotiator when dealing with lenders, contracts and legal matters with vendors, construction contractors and suppliers. Ability to build cohesive teams that are successful in working towards common goals.

Paula Phillips's Current Company Details
The Congress Group

The Congress Group

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Chief Operating Officer (Real Estate)
Paula Phillips Work Experience Details
  • The Congress Group
    Chief Operating Officer
    The Congress Group 1999 - Present
    Greater Boston Area
    • Oversee ground-up development of a diversified portfolio of multi-family, office, retail and condominium projects in Greater Boston and Miami for a full-service real estate development firm. Manage strategy development execution and drive profitability improvements across the business.• Ensured profitable performance of 7M+ sq. ft. of real estate through improved efficiencies of development execution and asset management oversight, and revamped benefit and employee compensation policies to increase the overall profitability without compromising employee morale.• Diversified firm’s ability to attract capital investment through the launch of two major capital raises with Wall Street investment houses totaling $100M+.• Projects include:(1) Directing sales and marketing for three condominium properties in Bay Harbor Island, Florida, obtained $20M equity, collaborating with government officials for approvals, managing architects and engineers, overseeing tender relationships, and negotiating buyer contracts.(2) Contributed to management of $320M+ hotel and condominium project for Four Seasons in Nashville, negotiating consulting agreements with designers, assisting in design and layout plans, liaising with legal professionals to sell off condominium units, hotel and retail space, and parking garage.(3) Managed construction of 25-acre mid-rise apartment and retail building (631 apartments, 40K+ sq. ft. of retail space) in Doral, Florida, creating value of $200M+ and $70M in estimated profitability for partners.(4) Oversaw the purchase of an historical Boston building and managed the creation of 6 condominium units (including negotiation of two loan increases to limit need for equity), which returned 2.0 multiple with 40% IRR. Price per sq. ft. exceeded market average by 15%.(5) Managed start-up and loan refinancing for a $300M office tower and parking garage in Boston’s financial district (project returned $70M profit).
  • Meredith & Grew
    Senior Vp/Director Of Property Management
    Meredith & Grew 1997 - 1998
    Greater Boston Area
    • Directed daily operations and growth for a full-service real estate company, securing multiple new contracts totaling over 600,000 sq. ft. with high profile clients and increased fee structure of existing management contracts by 30% through strategic renegotiations.• Eliminated non-profitable structured terms and renegotiated scope of work to improve productivity, reorganized personnel to improve time management and increase client service levels, and streamlined daily accounting and administrative functions by computerizing manual processes.
  • The Phillips Group
    Real Estate Consultant
    The Phillips Group 1995 - 1996
    Stamford, Ct
    • Delivering full-range asset management, financial and advisory services to the real estate industry, performed financial due diligence/underwriting review for approximately $100M in potential new loans for capital markets group of a major southeast bank.• Evaluated and provided advisory financial review for potential “take-out” commitments of approximately $50M in new loans on tax credit enhanced properties for a large multi-regional bank.• Defined and established asset management process and implemented the reporting requirements for all 450 properties under management for a tax credit syndication firm.• Developed asset management manual and due diligence presentation to market the asset management abilities of a tax credit syndication firm to potential investors.
  • Hearthstone Management Group
    Chief Operating Officer
    Hearthstone Management Group 1993 - 1994
    Greater New York City Area
    • Directed a $300M real estate bond portfolio, overseeing corporate, financial and legal matters, strategic planning, investor relations and capital positioning, significantly increasing efficiency.• Notably established lines of credit and capital base to dramatically improve cash flow, turned around underperforming A/R and A/P departments, and decreased overall benefit costs by 40% while enhancing benefit package and increasing employee morale.• Redesigned and revamped the entire financial reporting system, improving customer, banking advisor and investor relations dramatically, decreasing overhead and moving personnel to more productive positions.
  • Garden Capital Incorporated
    Chief Operating Officer
    Garden Capital Incorporated 1989 - 1993
    Dallas/Fort Worth Area
    • Developed and implemented short and long term business strategies for one of the country’s largest master limited partnerships, increasing portfolio value by $10M within 24 months.• Notable achievements included: securing a $223M refinancing vehicle for a partnership valued at $50M, decreasing the cost of capital by 5%, and freeing $20M+ in equity for alternative investments and repayment of debt maturities. Also settled $50M+ in potential litigation matters with investors and banking institutions and negotiated/restructured mortgages on $60M+ of negatively performing assets.

Paula Phillips Education Details

Frequently Asked Questions about Paula Phillips

What company does Paula Phillips work for?

Paula Phillips works for The Congress Group

What is Paula Phillips's role at the current company?

Paula Phillips's current role is Chief Operating Officer (Real Estate).

What schools did Paula Phillips attend?

Paula Phillips attended Texas A&m University, Worcester Polytechnic Institute, Texas A&m University, Worcester Polytechnic Institute.

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