Sarah Sarafian, ARM®, ACoM®, FHC™
Asset Manager at Gilbane Development Company- Claim this Profile
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Bio
Experience
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Gilbane Development Company
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United States
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Real Estate
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1 - 100 Employee
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Asset Manager
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Jan 2023 - Present
Providence, Rhode Island, United States • Manage a portfolio consisting of student housing and multi-family/affordable housing assets located throughout the US; • Identify and implement strategic asset level initiatives through market research and operating data analysis; • Prepare and execute strategic implementation of property-level revenue enhancement including, but not limited to, rent optimization, expense management, and value add opportunities; • Prepare performance reports on a monthly and quarterly basis; • Lead… Show more • Manage a portfolio consisting of student housing and multi-family/affordable housing assets located throughout the US; • Identify and implement strategic asset level initiatives through market research and operating data analysis; • Prepare and execute strategic implementation of property-level revenue enhancement including, but not limited to, rent optimization, expense management, and value add opportunities; • Prepare performance reports on a monthly and quarterly basis; • Lead asset disposition efforts including: contract negotiation, writing investment committee memorandums, presenting to investment committee, transaction management and closing coordination; • Assist in the due diligence and closing process; • In coordination with development partners, closely track assets under construction understanding construction timelines and budget fluctuations. Participate in unit and amenity design review meetings, upgrade decisions, floor plan review, branding and marketing strategy, unit pricing and lease-up budget review; • Hire management company and property managers; • Lead weekly/bi-weekly leasing calls with operating partners; • Build and maintain relationships with brokers, real estate developers, and other industry contacts • Work with leasing agents to occupy retail spaces as needed; • Negotiate and maintain retail tenant leases; • Participate in property level budget review and approval process utilizing proprietary metrics to accurately forecast property level NOI and cash flow as well as monitor property and portfolio performance; • Development and presentation of investment recommendation summaries for senior management approval; • Negotiate contracts; • Communicate with investors and clients; • Ensure portfolio's returns are maximized; • Oversee management to ensure financial performance is satisfactory; • Oversee capital repairs and prepare reimbursement requests as needed.
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Assistant Asset Manager
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Aug 2021 - Jan 2023
Providence, RI Suggest objectives and goals for each property Participate in property operating budgets’ preparation and approval process Produce reports on assigned portfolio monthly, quarterly, and annually Carry out a monthly review of operating statements Ensure there is due diligence in the underwriting of potential acquisitions Perform financial analysis, market studies and industry standard reporting Perform implementation, negotiation, and monitoring of asset programs Boost asset… Show more Suggest objectives and goals for each property Participate in property operating budgets’ preparation and approval process Produce reports on assigned portfolio monthly, quarterly, and annually Carry out a monthly review of operating statements Ensure there is due diligence in the underwriting of potential acquisitions Perform financial analysis, market studies and industry standard reporting Perform implementation, negotiation, and monitoring of asset programs Boost asset and revenue values through identified savings and efficiencies Create reports and perform analysis to identify potential loan delinquencies and revenue losses Ensure current policies are reviewed and updated Implement training and development programs Monitor monthly cashflow and coordinate reserve fund request to lenders or regulatory agencies Track and maintain internally generated capital needs assessments Aid in the evaluation and placement of property insurance and monitor insurance claims
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Property Management
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Feb 2019 - Aug 2021
Providence, Rhode Island Area • Assisted Property Manager with the day to day operations and tenant relations through the coordination of tenant requests and administration of maintenance services • Provided tenants and vendors with assistance in all aspects of scheduling building maintenance, communicating building procedures and supplying general building information • Provided support to Property Managers by producing, modifying and /or distributing various forms, spreadsheets, manuals, information packages, and… Show more • Assisted Property Manager with the day to day operations and tenant relations through the coordination of tenant requests and administration of maintenance services • Provided tenants and vendors with assistance in all aspects of scheduling building maintenance, communicating building procedures and supplying general building information • Provided support to Property Managers by producing, modifying and /or distributing various forms, spreadsheets, manuals, information packages, and miscellaneous type-written information • Processed correspondence for tenants, contractors and other third parties for Property Managers • Maintained insurance certificate files for all tenant and/or contractors performing work at the properties • Assisted with the scheduling of contractor work and coordinate with tenants • Maintained all tenant contact information and update as necessary • Maintained highly organized filing system for leases, tenants, insurance certificates, vendors, buildings, drawings, contracts and POs • Assisted property manager with investor reports, projects and presentations by organizing, researching, and gathering required data as necessary. • Administered lease agreements • Assisted with tenant and vendor related interface as needed • Assisted Property Manager with tenant relations as required • Established and maintained brokerage agreements • Handled correspondence, telephone contacts, and incoming mail, including confidential materials, in a professional and expedient manner. • Administered e-mails, send and forward to appropriate people. • Composed contracts, memos, variances, narratives, vendor contracts, brokerage agreements, Letters of Intent and construction contracts as directed
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Granite Telecommunications
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United States
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Telecommunications
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700 & Above Employee
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Executive Assistant to Regional Vice President
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Mar 2015 - Feb 2019
Lincoln, Rhode Island • Primary support to Regional Vice President • Orchestrated planning and preparation of meetings and conference calls • Prepared and edited correspondences and communications • Conducted research, assembled and analyzed data to prepare for reports • Created sales documents, presentations, and reports for internal and customer use • Completed all Sales and Expense Reports • Tracked operational execution of Sales teams • Managed Regional Vice President’s… Show more • Primary support to Regional Vice President • Orchestrated planning and preparation of meetings and conference calls • Prepared and edited correspondences and communications • Conducted research, assembled and analyzed data to prepare for reports • Created sales documents, presentations, and reports for internal and customer use • Completed all Sales and Expense Reports • Tracked operational execution of Sales teams • Managed Regional Vice President’s schedule • Attended weekly Executive meetings and relayed information to staff • Planned and coordinated special events such as team building, charity, and training • Managed and executed onboarding and training procedures • Scheduled and oversaw all travel accommodations • Facilitated and helped resolve IT issues • Provided link between the CEO, RVP, and Sales Directors • Maximized Salesforce applications and integrated them into an existing sales system • Built and maintained positive relationships with customers • Coordinated project-based work by adhering to deadlines • Maintained confidentiality Show less
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Office Manager
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Jun 2014 - Mar 2015
Cranston, Rhode Island • Single support for real estate office of 30 • Monitored sales process on all commercial and residential properties • Prepared documents, spreadsheets and presentations for potential customers • Organized fundraisers and charitable events • Provided support to agents and brokers during the sales process including preparing sales documents, commission statements, listing contracts/agreements, securing public information on properties, and scheduling closing dates • Scheduled… Show more • Single support for real estate office of 30 • Monitored sales process on all commercial and residential properties • Prepared documents, spreadsheets and presentations for potential customers • Organized fundraisers and charitable events • Provided support to agents and brokers during the sales process including preparing sales documents, commission statements, listing contracts/agreements, securing public information on properties, and scheduling closing dates • Scheduled property tours and created video/photo tours • Coordinated all new-hire legal procedures • Monitored and maintained all social media for the company Show less
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Education
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University of Rhode Island
Bachelor of Arts (B.A.), English Language and Literature, General -
St. Mary's Academy Bay View