Jill Sommer Lesher

Managing Director, Head of Asset Management at Jonathan Rose Companies
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Location
Philadelphia, Pennsylvania, United States, US
Languages
  • English -

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Credentials

  • People Analytics
    LinkedIn
    Jun, 2021
    - Sep, 2024
  • LEED AP
    Green Building United

Experience

    • United States
    • Real Estate
    • 100 - 200 Employee
    • Managing Director, Head of Asset Management
      • May 2023 - Present
    • Executive Vice President, Asset Management
      • Jun 2018 - May 2023

      ▪ Responsible for the financial performance of a 36,000-unit apartment REIT primarily in the Southeast U.S. ▪ Originate Asset Management function and develop 12-person team through significant growth ▪ Maximize asset value through revenue optimization, expense reduction and capital improvements ▪ Underwrite, plan and implement 30 multimillion-dollar value-add projects including rehabilitation and repositioning programs upgrading over 5,000 exceeding 21% return on investment ▪ Initiate, negotiate and manage over $1BB of tactical disposition transactions ▪ Perform detailed variance analysis and develop strategic goals for portfolio throughout fiscal year ▪ Introduce ESG initiatives including formation of a cross-functional sustainability committee ▪ Identify and rectify process gaps to improve accountability ▪ Manage development of multifamily and mixed-use projects with 3rd party developer and Joint Venture partners Show less

    • United States
    • Real Estate
    • 200 - 300 Employee
    • Vice President, Asset Management
      • Jun 2017 - Jun 2018

      -Manage portfolio of 150 market rate and affordable tax credit properties primarily on the East Coast -Formalize and oversee quarterly review, watchlist and annual budget processes -Advance calculation of partnership distributions and debt compliance Monitor rehabilitation and conversion projects -Elevate ancillary income and expense savings -Identify and execute on disposition opportunities -Collaborate with development and accounting teams on new projects and cash flow forecasting -Establish Asset Management function in the organization Show less

    • United States
    • Real Estate
    • 1 - 100 Employee
    • Vice President, Asset Management
      • Apr 2013 - Jun 2017

       Oversee portfolio of 25 multifamily assets throughout the U.S. on behalf of REIT, fund and institutional investors  Initiate and manage strategic dispositions and refinancing  Evaluate, plan and implement multi-million dollar capital projects including property rehabilitation and repositioning programs  Maintain complex investment models for cash flow, return and valuation projections  Present property updates and watchlist resolution strategies to senior management monthly  Remain informed on deals, trends, rates and forecasts in several U.S. real estate markets  Conduct regular site visits to inspect, gather market information and forecast economic needs of properties  Perform detailed variance analyses and develop strategic goals for portfolio of assets throughout fiscal year  Direct affiliated management company to maintain optimal occupancy, staffing and adherence to business plans at each asset in portfolio  Assess and approve proposed leasing concessions, marketing programs and staff incentives  Collaborate with Revenue Management to determine lease rates for individual assets  Provide target net income and cash flow, review and approve annual budgets  Manage and forecast cash for assets in portfolio Show less

    • United Kingdom
    • Real Estate
    • 500 - 600 Employee
    • Associate Director
      • Nov 2005 - Apr 2013

      Asset Manager for a large portfolio of equity investments in office, retail, hotel and multi-family projects and mezzanine investments in $100 million opportunistic residential fund. Asset Manager for a large portfolio of equity investments in office, retail, hotel and multi-family projects and mezzanine investments in $100 million opportunistic residential fund.

    • Financial Services
    • 1 - 100 Employee
    • Senior Analyst
      • 2002 - 2005

       Monitor and influence the financial and operational performance within a portfolio of 53 multifamily properties  Review financial reports and legal agreements for potential sale or refinancing of properties  Coordinate property sales and due diligence and establish relationships with buyers, attorneys and brokers  Review and approve budgets, audited financial statements and tax returns for portfolio  Adhere to the Department of Housing and Urban Development regulations and IRS Section 42  Prepare quarterly financial reporting and annual equity analyses for corporate investors Show less

Education

  • Georgetown University
    B.S., Finance
    1998 - 2002
  • Fox School of Business and Management - Temple University
    Master of Business Administration (MBA)
    2017 - 2021
  • Mount Saint Joseph Academy
    High School Diploma
    1994 - 1998

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