Karen Okupniak

Director, Lease Administration at The Howard Hughes Corporation
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Contact Information
us****@****om
(386) 825-5501
Location
Eureka Springs, Arkansas, United States, US

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William Fitzpatrick

I have worked closely with Karen for the last 20 years and have tremendous respect for her professionalism, conscientiousness, business understanding and responsiveness. Karen is in charge of our office lease administration group. Karen consistently provides meaningful business information which the CFO and I have requested over the years to meet internal financial planning and external investor reporting needs. I know many other senior executives have relied on Karen to answer critical business questions and she always meets the needs on a 24/7 basis. I welcome Karen highly to any organization that has demands such as ours.

Michael Grossman

I can’t imagine a better person to have on your team. Karen’s diverse skill sets, work ethic, creative and abstract thinking will exceed all expectations. Karen is one of the most intelligent and intuitive real estate professionals I have worked with over my 30 year career.

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Experience

    • United States
    • Real Estate
    • 400 - 500 Employee
    • Director, Lease Administration
      • May 2022 - Present

    • United States
    • Real Estate
    • 700 & Above Employee
    • Director, Lease Administration
      • Jul 2021 - Apr 2022

    • Client Manager
      • Oct 2020 - Jul 2021

      Responsible for a full scope of Lease Administration services, including oversight of Lease Analysts, account compliance with internal and client specific policies and procedures, and management of relationships with the client and their vendors/landlords.

    • United States
    • Motor Vehicle Manufacturing
    • 700 & Above Employee
    • Lease Administration Specialist
      • Dec 2019 - Mar 2020

      Collaborated with Lease Accounting team to optimize the setup and global operation of 1,200 real estate and 2,800 equipment leases in Visual Lease platform. Collaborated with Lease Accounting team to optimize the setup and global operation of 1,200 real estate and 2,800 equipment leases in Visual Lease platform.

    • United States
    • Software Development
    • 100 - 200 Employee
    • Manager, Abstracting Services
      • Sep 2018 - Oct 2019

      Responsible for all aspects of Abstracting Services department of fast-growing lease administration/accounting software startup focused on FASB/ASC 842 lease accounting. ■ Manage team of 13 abstracting/QA professionals ■ Sale of abstracting services to software subscribers ■ Onboarding new abstracting services clients ■ Ongoing account management for abstracting services clients ■ Management of workflow and client deliverables ■ Staff resource for real estate lease-related… Show more Responsible for all aspects of Abstracting Services department of fast-growing lease administration/accounting software startup focused on FASB/ASC 842 lease accounting. ■ Manage team of 13 abstracting/QA professionals ■ Sale of abstracting services to software subscribers ■ Onboarding new abstracting services clients ■ Ongoing account management for abstracting services clients ■ Management of workflow and client deliverables ■ Staff resource for real estate lease-related issues ■ Track metrics and provide support for monthly billings

    • Manager, Lease Abstracting QA
      • May 2018 - Aug 2018

      ■ QA lease abstracting projects, as well as sample leases completed for new clients, tracking feedback on initial abstracts. ■ Oversee a team of 4 direct reports. ■ Review QA process for improvement and refinement ■ Manage all QA projects so that deadlines are met ■ Use creativity and experience in the field to build layered QA solutions

    • United States
    • Real Estate
    • 100 - 200 Employee
    • Vice President of Lease Administration (Formerly Director of Lease Administration)
      • Jun 1997 - Mar 2018

      ■ Oversee all lease administration functions including abstracting of commercial real estate lease documents into accounting system; management and programming of tenant database and distribution of tenant, portfolio and lease information. ■ Develop, design, and implement database programs to create customized, timely, and well-organized analyses for divisions including Property Management, Corporate, Energy, Leasing, Legal, Accounting, Finance, Investments, Marketing, and Asset… Show more ■ Oversee all lease administration functions including abstracting of commercial real estate lease documents into accounting system; management and programming of tenant database and distribution of tenant, portfolio and lease information. ■ Develop, design, and implement database programs to create customized, timely, and well-organized analyses for divisions including Property Management, Corporate, Energy, Leasing, Legal, Accounting, Finance, Investments, Marketing, and Asset Management. ■ Prepare and compile leasing statistics and tables for public filings with SEC and other regulatory agencies including 10Q, 10K, Supplemental Package 8K and investor presentation decks relating to portfolio composition, occupancy, leasing activity & metrics, expirations, and tenant diversity. ■ Generate tables & reports and write CEO scripts for quarterly earning calls. ■ Liaison with independent accounting firms providing audit services and Sarbanes-Oxley (SOX) Section 404 compliance related to leasing process and audit of lease transactions and tenant data. ■ Provide ongoing supervision and instruction to team of 5 lease administrators responsible for entering 300+ data fields extracted from each lease document (new leases, renewals, amendments, and terminations) into proprietary accounting system. ■ Process commission invoices and prepare ancillary lease documents including commencement date amendments and commission agreements. ■ Maintain broad knowledge of all facets of Commercial Real Estate industry (including REIT accounting rules for leases) in order to provide meaningful and accurate analyses and reports for end-users at all organizational levels. Show less ■ Oversee all lease administration functions including abstracting of commercial real estate lease documents into accounting system; management and programming of tenant database and distribution of tenant, portfolio and lease information. ■ Develop, design, and implement database programs to create customized, timely, and well-organized analyses for divisions including Property Management, Corporate, Energy, Leasing, Legal, Accounting, Finance, Investments, Marketing, and Asset… Show more ■ Oversee all lease administration functions including abstracting of commercial real estate lease documents into accounting system; management and programming of tenant database and distribution of tenant, portfolio and lease information. ■ Develop, design, and implement database programs to create customized, timely, and well-organized analyses for divisions including Property Management, Corporate, Energy, Leasing, Legal, Accounting, Finance, Investments, Marketing, and Asset Management. ■ Prepare and compile leasing statistics and tables for public filings with SEC and other regulatory agencies including 10Q, 10K, Supplemental Package 8K and investor presentation decks relating to portfolio composition, occupancy, leasing activity & metrics, expirations, and tenant diversity. ■ Generate tables & reports and write CEO scripts for quarterly earning calls. ■ Liaison with independent accounting firms providing audit services and Sarbanes-Oxley (SOX) Section 404 compliance related to leasing process and audit of lease transactions and tenant data. ■ Provide ongoing supervision and instruction to team of 5 lease administrators responsible for entering 300+ data fields extracted from each lease document (new leases, renewals, amendments, and terminations) into proprietary accounting system. ■ Process commission invoices and prepare ancillary lease documents including commencement date amendments and commission agreements. ■ Maintain broad knowledge of all facets of Commercial Real Estate industry (including REIT accounting rules for leases) in order to provide meaningful and accurate analyses and reports for end-users at all organizational levels. Show less

  • Kruvant Development
    • Florham Park, NJ
    • Office Manager
      • Aug 1990 - Jun 1997

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