Vice President - Asset Management @ Redwood Capital Group LLC
Director, Asset Management - Institutional Residential Real Estate @ McKinley, Inc.
Multifamily Asset Management Director @ Freddie Mac
John J Jachna
Commercial Real Estate Asset Management Senior Executive with extensive experience in all real estate asset classes from both the equity and debt perspectives across core, value added, opportunistic, and troubled properties. Strategic planner that conceives, guides, and executes real estate strategies. Excellent organizational skills that enable the management of multiple tasks in a
John J Jachna
Commercial Real Estate Asset Management Senior Executive with extensive experience in all real estate asset classes from both the equity and debt perspectives across core, value added, opportunistic, and troubled properties. Strategic planner that conceives, guides, and executes real estate strategies. Excellent organizational skills that enable the management of multiple tasks in a fast-paced environment. Strong leader with cross functional soft skills that assembles and effectively manages teams.
* Strategic Planning
* Asset / Portfolio Management
* Transaction Negotiations
* Acquisitions and Dispositions
* Owner / Investor Liaison
* Restructures / Workouts
* Risk Rating / Detection
* Financial Reporting / Analysis
* Due Diligence / Site Selection
* Capital Improvements
* Governmental Entitlements
* Large Scale Development
* Construction Supervision
Principal @ Provide real estate consulting and brokerage services to turn complex real estate issues into value-add opportunities. Services include: asset and property management; transaction advisory; due diligence; asset and portfolio positioning and repositioning; strategic planning and analysis; market and feasibility studies; loan risk reviews and assessments; property inspections; and financial analytics. From 2015 to Present (less than a year) Greater Chicago AreaDirector, Asset Management - Institutional Residential Real Estate @ Director, Asset Management for privately held multifamily real estate firm specializing in court-appointed receivership properties, lender and servicer Real Estate Owned (REO) properties, and third party long term management assignments.
Formulated and executed strategies on behalf of multifamily property owners, lenders, special servicers, and courts to stabilize operations of troubled assets or to improve operating performance of stabilized properties.
Developed turnaround strategies for 40 distressed properties with over 5,100 units in nine states.
Directed team in the physical inspections, operations evaluations, operating and capital budget preparation, and execution of the strategic asset plan for a 24 property receivership portfolio containing 2,400 units across 12 judicial jurisdictions. Value-add accomplishments in 17-month period included:
o Grew monthly operating revenue by 50%.
o Raised occupancy by 15 points and turned 200 down apartment units.
o Improved monthly rental collections by seven points to over 98%.
o Increased lease renewal percentage by 12 points to 75%.
Resolved complex property management operations issues.
Managed disposition of 34 receivership and REO properties containing 4,600 units.
Provided superior customer service as main point of contact for lenders, servicers, and clients.
Oversaw property management team to implement and manage value creation strategies. From 2012 to 2015 (3 years) Greater Chicago AreaMultifamily Asset Management Director @ Managed 17-state Central Region high risk loan portfolio with an unpaid loan balance of $4 billion consisting of 400 properties with 90,000 apartment units.
Reviewed and approved asset management work product of a team of five junior and senior analysts.
Performed ongoing analyses of asset surveillance activities, ensuring timely risk detection, appropriate risk rating, and proper monitoring.
Established operational objectives and work plans and delegated assignments to staff, assuring that corporate and conservator deadlines were consistently met.
Provided input as Subject Matter Expert (SME) to business process redesign of asset management policies and procedures, resulting in resolution of conservator’s Matters Requiring Attention (MRAs) and auditor’s Significant Deficiencies (SDs).
Conducted department training for property inspections to standardize process across multiple lines of business.
Received Momentum Award for notable contributions to the Multifamily Division.
Received Best Team Player Award. From 2010 to 2011 (1 year) Chicago, IllinoisSenior - Multifamily Loan Restructuring @ Resolved high risk performing loans and defaulted loans to minimize financial losses.
Managed / resolved 33 cases with 5,200 units and loan value of $225 million by negotiating loss mitigation solutions with borrowers, loan servicers, attorneys, and third parties, or through foreclosure activities.
Prepared valuations, business plans, cash flow projections, and financial analyses in order to evaluate and support resolution / disposition strategies for assets.
Directed loan servicing companies regarding asset management issues and oversaw property management companies and receivers so that asset values were appropriately maintained.
Received Premier Achievement Award for sustained excellence and outstanding results. From 2009 to 2010 (1 year) Chicago, IllinoisSenior Vice President - Asset Management @ Implemented new industrial and hospitality value added asset platform for this real estate private equity firm.
Selected and directed third party service providers for leasing and management of industrial assets.
Represented owner / investor interests with operating / equity partners of hospitality assets.
Responsible for $52 million annual operating budget.
Grew national portfolio to include six hotel properties with 1,700 rooms and 17 industrial properties with one million square feet of space with total capitalization of over $220 million.
Oversaw completion of $40 million of value added capital improvements.
Developed and implemented asset management reporting procedures for executive committee and investors, providing timely operating results. From 2005 to 2008 (3 years) Chicago, IllinoisCo-Sponsor and Principal @ Co - Sponsor of the entity that acquired Printers’ Square, a 523,000 square foot mixed use property consisting of 161,000 square feet of technology-related commercial space and 356 rental residential apartment units in the South Loop of Chicago.
Procured private and Wall Street equity with financing provided by an international lender.
Played key role in the acquisition, entity organization, equity raise, and ongoing administration.
Provided asset management, leasing, property management, and construction management.
Oversaw more than $5 million of building capital improvements.
Managed construction for 200 tenant projects with cost of over $5.2 million.
Achieved an 87% gain on equity over the total capitalized cost of acquisition.
Attained a 31% annual rate of return to the investors over the 65 month hold period.
Performed vertical subdivision of the property to add value and expedite the sale of the asset. From 2000 to 2005 (5 years) Chicago, IllinoisPrincipal and General Manager @ Principal and General Manager of the management company for Printers' Square.
Negotiated over 140 lease and license transactions generating income of $35 million.
Identified sources and successfully implemented programs to increase revenues.
Aggressively managed tenant bankruptcies and restructurings to enhance asset value. From 2000 to 2005 (5 years) Chicago, IllinoisVice President - Asset Management @ Asset managed two downtown Chicago properties with over one million square feet of space, three resort properties, and one branded hotel property.
Responsible for overall operations of two private utility companies that serviced over 1,000 resort property owners.
Negotiated leases for 600,000 square feet of office space with value of $63 million.
Oversaw tenant improvement work and capital expenditures of over $7.2 million.
Team leader in concept, design, and entitlement of luxury lakefront townhouse projects. From 1996 to 2000 (4 years) Greater Chicago AreaDirector of Planning @ Performed residential subdivision project feasibility analyses and due diligence for vacant land acquisitions.
Negotiated acquisition contracts and directed all third parties through entitlements.
Processed eight subdivisions containing more than 1,200 units in over 250 acres of land. From 1995 to 1996 (1 year) Greater Chicago AreaVice President - Asset Management @ Responsible for development, asset management, and corporate restructuring across the portfolio of office buildings, residential properties, resort properties, hotels, gaming, and vacant land properties.
Led team in overall planning, entitlement, marketing, development, and construction of Geneva National, a 1,700 acre resort / residential community in Lake Geneva, Wisconsin, selling over 800 housing units and sites with sales volume of over $100 million.
o Directed over $10 million of initial infrastructure installation.
o Oversaw development and construction of 400 residences and three golf courses.
Strategized, negotiated, documented, and executed loan workouts and corporate restructuring activities enabling ongoing viability of the company.
Obtained entitlements and managed construction of two marinas with over 550 slips.
Provided dockominium and public trust doctrine testimony at Department of Natural Resources administrative law judge hearing that was relied upon for Appellate Court and Supreme Court decisions in the State of Wisconsin. From 1989 to 1995 (6 years) Greater Chicago AreaDirector of Development @ Developed, leased, and asset managed office buildings and healthcare properties for real estate subsidiary of Adventist Health System.
Provided asset management for 450,000 square foot office park.
Real estate adviser to healthcare system with four hospital campuses.
Managed residential portfolio of 130 apartment units and 140 single family homes.
Assembled $1.4 million of properties for development and divested of $14 million portfolio. From 1985 to 1989 (4 years) Greater Chicago AreaReal Estate Manager @ Performed site selections and developed fitness center, hotel, and restaurant facilities.
Disposed of 3,300 unit apartment portfolio generating $46 million. From 1980 to 1985 (5 years) Greater Chicago Area
Bachelor of Science, Finance - Real Estate @ University of Illinois at Urbana-Champaign - College of Business John Jachna is skilled in: Real Estate, Analysis, Due Diligence, Portfolio Management, Asset Managment, Strategic Planning, Mergers & Acquisitions, Asset Management, Negotiation, Disposition, Property Management, Valuation, Financial Analysis, Finance, Leases, Loans, Real Estate Economics, Dispositions
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