Jill Sommer Lesher
Managing Director, Head of Asset Management at Jonathan Rose Companies- Claim this Profile
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Credentials
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People Analytics
LinkedInJun, 2021- Sep, 2024 -
LEED AP
Green Building United
Experience
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Jonathan Rose Companies
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United States
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Real Estate
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100 - 200 Employee
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Managing Director, Head of Asset Management
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May 2023 - Present
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Executive Vice President, Asset Management
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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
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Pennrose
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United States
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Real Estate
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200 - 300 Employee
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Vice President, Asset Management
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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
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Resource Real Estate
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United States
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Real Estate
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1 - 100 Employee
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Vice President, Asset Management
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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
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Grosvenor
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United Kingdom
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Real Estate
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500 - 600 Employee
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Associate Director
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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.
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AIMCO
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Financial Services
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1 - 100 Employee
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Senior Analyst
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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
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Education
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Georgetown University
B.S., Finance -
Fox School of Business and Management - Temple University
Master of Business Administration (MBA) -
Mount Saint Joseph Academy
High School Diploma