Nicholas Finlay
42 S Prado NE, Atlanta
Summary
Senior asset management professional ready to drive impactful results. Proven track record in portfolio management, risk assessment, and strategic investment planning. Strong focus on collaboration, adaptability, and delivering consistent outcomes. Adept at leveraging analytical skills and market insights to optimize asset performance.
Overview
18
18
years of professional experience
Work History
Sr. Asset Manager
Venterra Realty
09.2024 - Current
- Oversee 6,225 apartment homes in stabilized and lease up assets totaling $850M in six markets
- Collaborate regularly with all stakeholder departments—Marketing, Operations, Revenue, and Capex
- Work directly with Finance team on refinance and supplemental loan opportunities
- Conduct regular capex review of current year plan and future years to maximize property value and develop long term plan
- Lead value-add renovation programs with local Capex team and on-site teams to achieve underwriting plan
- In-depth and thorough understanding of the portfolio’s various geographies, with a focus on competitive assets, supply pipelines, institutional sales, and regional economic growth drivers that may impact asset performance
- Provide input on potential acquisitions, including review of financial and operational assumptions
Sr. Asset Manager
Gables Residential
03.2021 - 08.2024
- Oversaw 23 stabilized and lease up assets totaling $1.2B with $400M in pipeline projects in underwriting nationally
- Promoted ESG strategies
- Conduct comprehensive risk assessments assets insured through the Master Insurance Program and, considering various factors such as project scope, location, regulatory requirements, cat exposures and environmental considerations
- Routinely make field visits to confirm asset conditions, investigate issues, and make connections with site teams
- Manage transition of assets from construction phase to operations phase with internal partners
- Set annual and quarterly budget and forecast guidance for revenue and expenses based on market research and historical data by community and geographical region
- Engage in revenue management pricing including attendance at all pricing calls with the Revenue Management team
- Conduct analyses of various investment decisions – acquisition; development; financing; hold/sell
- Mentors and develops Real Estate Analysts as needed
- Present Portfolio Management Ownership with market-level operational and financial strategies
Investment Manager
Steadfast Companies
02.2019 - 03.2021
- Oversaw 12,654 apartment homes in 34 conventional communities throughout the Southeast, Texas, and Colorado valued at $984M
- On-going discussion and evaluation of value-add renovation projects for apartment interiors and building exterior
- 2017 interior renovations of 1,500 apartment homes total $14.2M
- Complete due diligence and analyses on potential new acquisitions with a focus on value-add projects
- Work closely with investment underwriting to ensure financial viability in future years and accuracy in proforma budgets
- Negotiate and monitor bulk contracts for telecom, utilities, and ancillary income opportunities
- Conduct regular site inspections to understand the physical condition as well as the asset’s position in the market, ensuring proper administration, marketing, curb appeal, and maintenance are upheld
- Set annual and quarterly budget and forecast guidance for revenue and expenses based on market research and historical data by community and geographical region
- Review monthly property management reports to identify, follow-up with, and resolve financial and operational issues
Vice President, Asset Management
Waypoint Residential
07.2018 - 02.2019
- Overview of 2,000 apartment homes in 9 conventional communities and 1,200 beds in 5 student housing communities throughout the Southeast and Midwest valued at $420M
- Manage interdisciplinary teams of up to 75 associates- including internal and external third-party management
- Liaison with Portfolio Management for communication directly to outside investor group for each asset
- Administer Cash Management for all assets including capital reserves, GP loan status, IRR, and partner cash distributions and promotes
- Spearhead the business plan implementation, production of all design/construction documents, special project management, permitting, and construction of new projects
- Maintain property valuations and BOV analysis for investor reporting
- Prepare underwriting presentations for Executive Committee review as well as verbal and written presentations to Investment Committee for approval
- Develop and maintain detailed and timely reporting for senior management and external stakeholders that includes performance against budgets, schedule, contingency, key issues, and risk mitigation
Asset Manager
Colony/Starwood Capital
04.2016 - 11.2016
- Provided disposition recommendations for underperforming assets through field assessments and review of operational analytics including: gross/net yields, gross/net values, and net gains
- Reviewed initial rehab and turn scopes from construction and their effect on gross and net yields
- Prepared monthly and quarterly reports on portfolio performance, including market explanations for previous performance as well as forecasting future performance
- Researched and calculated market rents, gross yields, net cap rates, optimal purchase or selling price, vacancy rates, location nuances, favorability for appreciation, and market trends
- Assessed pricing on bi-weekly schedule with emphasis on leasing activity, renewal activity, and current delinquency
- Ensured compliance with lender requirements, including providing all necessary reporting
Asset Manager, Sr. Asset Management Analyst
Gables Residential
06.2007 - 04.2016
- Oversaw 9,000 apartment homes in 25 stabilized and lease up assets totaling $700M with $200M in pipeline projects in underwriting across the country
- Assisted in management of 400,000 SF of commercial space that included: food service, grocery, and retail
- Evaluated value-add and major capital projects for national portfolio to determine cost/benefit analysis, including 5-year capital plans
- 2016 Capital projects total (excluding renovations): $13.2M
- Monitored four community full renovations totaling $13M and 15 small renovations totaling 3,421 units and $11M
- Developed hold/sell analysis for wholly owned, 3rd party joint ventures, and mixed-use communities
- Analyzed and evaluated potential redevelopment or reposition investment opportunities of existing assets
- Prepared and presented Quarterly financial analysis for Executive Management including: Current and future demographic trends—job growth, economic trends, and product supply
- Property and portfolio performance—financial and occupancy performance
- Research and prepare quarterly and yearly market and budget narratives based on market prognosticators
- Compiled detailed property, and market level, financial statement analysis
- Worked on purchase price allocations for all wholly owned and joint venture assets post recapitalization of closed-ended fund
- Helped to determine the long-term viability of each asset by active involvement in the development of property asset plans
- Reviewed outside asset valuations for accuracy
- Assisted in financial underwriting for development of new communities for investment committee proposals— with a focus on validation of effective rents, income analysis, expense analysis
- Reviewed development project summaries for ROI and stabilized NOI values
- Reviewed revenue and expense guidance for budgeting and quarterly reforecasting—including residential and retail assets
- Generated ad-hoc reports with extensive use of Microsoft Excel PivotTables and data manipulation
JD Edwards Systems Analyst, Support Center Analyst
06.2007 - 02.2012
- Daily monitoring of system interface between JD Edwards and property management software for revenue posting, move out vouchers, and utility vouchers
- Worked with Operations, Asset Management, and Accounting staff members throughout the annual and quarterly budget and forecast process which includes: Maintain multiple residential property budget and forecast spreadsheet models using VBA macros to import and export data between the spreadsheet, JD Edwards and Data Warehouse
- Assist with the import and export of data between Retail Budgeting and JD Edwards
- Provide support and problem-solving to end-users
- Assisted all accounting groups in preparation of 1099 reports and IRS transmittal file
- Developed and implement streamlined processes for end users which include, but are not limited to: On-site Leasing Bonus Program, Accrual/Reclass of Community expenses
- Divide Market Area financial and leasing reporting for analysis
- Maintained a thorough knowledge of the current and future applications used by the company which include, but are not limited to: Enterprise Resource Planning Solution – JD Edwards OneWorld 9.1, Data Warehouse Platform – Microsoft, Retail Asset Management Application – Argus Asset Management/Budget
Education
Bachelor of Arts - Spanish Language And Literature
Bradley University
Peoria, IL05-2006
Skills
- Market analysis
- Capital planning
- Financial modeling
- Risk assessment
- Budgeting and forecasting
- Value-add strategy
- Project management
- Team collaboration
- Data analysis
- Mentoring others
- Microsoft Excel
- Risk management
Languages
Spanish
Professional Working
Timeline
Sr. Asset Manager
Venterra Realty
09.2024 - Current
Sr. Asset Manager
Gables Residential
03.2021 - 08.2024
Investment Manager
Steadfast Companies
02.2019 - 03.2021
Vice President, Asset Management
Waypoint Residential
07.2018 - 02.2019
Asset Manager
Colony/Starwood Capital
04.2016 - 11.2016
Asset Manager, Sr. Asset Management Analyst
Gables Residential
06.2007 - 04.2016
JD Edwards Systems Analyst, Support Center Analyst
06.2007 - 02.2012
Bachelor of Arts - Spanish Language And Literature
Bradley University
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