Phil Jeong
Vice President of Real Estate Finance at Killam Development- Claim this Profile
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Korean -
Topline Score
Bio
Experience
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Killam Development
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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 of Real Estate Finance
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Jun 2023 - Present
● Vice President of Killam Development's Real Estate Finance in supervisory role. Oversee company's new acquisition/development and disposition opportunities in industrial, retail, self-storage, and land properties concentrated in Texas. Perform underwriting and evaluating of acquisition/development opportunities and make recommendations to principals of Killam Development. ● Influenced the pricing of a 3,400-acre land acquisition in Mission, TX, one of the fastest growing metro areas in Texas. The mixed-use development project will prominently feature a minimum of 5,000 single family residential lots, over a million square feet in commercial/retail development, and 600 acres of industrial development, which will boost and transform the already growing community.● Oversaw and supported the execution of a 10-property, 1.64 million square feet industrial portfolio acquisition on behalf of Killam Development, previously owned by IDI – Gazeley, a large industrial REIT. Since joining Killam Development, the company's commercial real estate portfolio has doubled from 2.5 million square feet to 5 million square feet and transaction volume of acquisitions and dispositions total around 200 million dollars. ● Assisted in creation of a TIRZ (Tax Increment Reinvestment Zone, similar to TIF fund) in Laredo where the developer can be reimbursed up to $77 million in infrastructure projects. TIRZ #2 of Laredo is a 1,027-acre greenfield development project that provides numerous public benefits through contribution to the local public works program, donation of land to Webb County for a new fire station, and construction of a new educational facility for Laredo College. ● Instrumental in securing and re-financing of loans with large financial institutions where the transaction volume of note principals is around $160 million. Show less
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Director of Real Estate Finance
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May 2021 - Jul 2023
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Senior Financial Analyst of Real Estate Finance
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Oct 2016 - Apr 2021
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E. & J. Gallo Winery
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United States
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Beverage Manufacturing
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700 & Above Employee
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Senior Financial Analyst
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Aug 2016 - Oct 2016
● Senior Financial Analyst with the Operations Finance department ● Completed projects related to (i) allocation of warehouse fixed overhead costs to various business units and (ii) bottling costs to various business units. ● Managed and reported the monthly financial review process of Operations Finance to key executive members at E&J Gallo. ● Senior Financial Analyst with the Operations Finance department ● Completed projects related to (i) allocation of warehouse fixed overhead costs to various business units and (ii) bottling costs to various business units. ● Managed and reported the monthly financial review process of Operations Finance to key executive members at E&J Gallo.
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Arizona State University
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United States
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Higher Education
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700 & Above Employee
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Full-time MBA student and Research Assistant
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Aug 2014 - May 2016
● Full-time MBA graduate concentrating in Financial Management and Markets ● Full tuition merit scholarship recipient ● Research Assistant position with the office of planning and budget. Currently working on the net margin analysis of Arizona State University's various departments that will demonstrate how effectively each department is utilizing its respective annual budget. ● Full-time MBA graduate concentrating in Financial Management and Markets ● Full tuition merit scholarship recipient ● Research Assistant position with the office of planning and budget. Currently working on the net margin analysis of Arizona State University's various departments that will demonstrate how effectively each department is utilizing its respective annual budget.
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MGM Resorts International
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United States
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Hospitality
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700 & Above Employee
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Summer Executive Associate
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Jun 2015 - Aug 2015
● Summer MBA internship working with Mandalay Bay Hotel's Financial Planning & Analysis department and Corporate Hospitality Analytics department. ● Created a robust forecasting tool projected to increase the Mandalay Bay Hotel’s convention business income by enabling the most profitable selection of competing prospective convention groups. This tool is likely to be implemented in the corporation’s four other convention-focused Las Vegas hotels. ● Analyzed and recommended strategic changes to food prices and menu presentations that are expected to increase profit of the firm’s restaurants over $100,000/year. Delivered menu engineering workshops to restaurant general managers and head chefs covering pricing of menu items, upgrading of menu design, and adding or substituting new entrees. Effort supported the firm’s Profit Growth Plan initiative, the corporation’s effort to boost profit by $300 million by the end of 2017. Show less
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The Cordish Companies
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Entertainment Providers
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100 - 200 Employee
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Director of Lease Administration
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Jul 2011 - Jul 2014
● Discovered roughly $1.7 MM in unpaid rent by leading a two-year cross-departmental review of the firm's 500-lease commercial real estate portfolio. ● Improvement of management and controls over each property's contract data and inventory.● Ensured accurate and timely billing and appropriate allocation of shared costs to tenants.● Established numerous analytical reports providing the management team decision support data for determining optimal future lease pricing. ● Recruited, trained, and managed one employee and seven interns from Johns Hopkins University, providing them with valuable experience with close supervision and actionable feedback. Show less
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Financial Analyst
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Sep 2009 - Jul 2014
● Contributed and strategized the private financing and public financing (tax increment financing) of a $250 MM real estate development project including a residential tower, a diverse set of retail units, and an Omni Convention Hotel in Louisville, KY.● Instrumental to the director of finance in securing project financing to refinance seven commercial real estate properties. ● Enabled senior management to objectively evaluate a broad variety of mixed-use real estate development projects in US cities as diverse as San Francisco, Las Vegas, and Honolulu.● Completed gravity models and numerous economic benefit analyses of mixed-use and casino development projects in the US.● Eliminated three hours from the time required to perform discounted cash flow analysis of commercial properties by installing and overseeing the configuration of an advanced software. Show less
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Liason and Team Strategist
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Sep 2009 - Nov 2010
● Negotiated a $16.4 MM consulting/servicer fee agreement with Posco E&C, a South Korean conglomerate while serving as the liason and team strategist to the Chairman and VP of International Development in a $1.2 billion hospital and residential development project in Incheon, South Korea.
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Self-employment
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United Kingdom
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Technology, Information and Internet
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700 & Above Employee
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Professional Poker Player
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Aug 2007 - May 2009
● Professional poker player concentrating in No-limit hold-em cash games with $5/$10 and $10/$20 blind structures. ● Winner of Pokerstars Wednesday Night Shootout challenge for a 1st place prize of $38,000. ● Professional poker player concentrating in No-limit hold-em cash games with $5/$10 and $10/$20 blind structures. ● Winner of Pokerstars Wednesday Night Shootout challenge for a 1st place prize of $38,000.
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Education
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The Johns Hopkins University
Bachelor of Arts (BA), Economics & International Studies -
Arizona State University, W. P. Carey School of Business
Master of Business Administration (M.B.A.), Finance and Financial Management Services -
Massachusetts Institute of Technology
Certification, Data Science in Real Estate