Arnold Nevarez
Buckeye,AZ
Summary
Adept at all facets of property management, from sourcing new deals through the full cycle of ownership. Experience with successfully working owner direct and 3rd party fee management relationships.
Overview
14
14
years of professional experience
Work History
Director of Operations
Cortland
02.2022 - Current
- Manage day-to-day operations of 2900 units in several Phoenix markets
- Compile Yieldstar data, Market Survey's, and evaluate traffic trends using Power BI and on-site feedback in order to determine the strategy for maintaining strong occupancy in a challenging Phoenix market
- Portfolio achieved a 95.2 occupancy 1 qtr 2024 and 91.4 F60
- Walk properties daily to ensure the Brand is uniform across the portfolio and properties are ready at all times
- Prepare budgets, discover ways of cutting costs and allocate resources accordingly
- Partner with Asset Manager and contractors on renovation oversight for several communities.
Regional Vice President
CALCAP Properties
03.2013 - 02.2022
- As Regional Vice President I partnered with owners on the full cycle of ownership
- I assisted with evaluating potential purchases, helped underwrite the asset and assist with writing pro-forma's, performed the due diligence and transitioning the asset to the new ownership
- Additionally, I provided renovation recommendations and carried out the renovation project
- Supervise 2 Regional Managers, 1 Director of Maintenance and over 30 on-site employees
- Responsible for management, operation, oversight and leadership of the housing portfolio comprised of 30 properties (over 4,000 units) across diverse markets located in California, Arizona, New Mexico, Texas and Arkansas
- Help drive 44% portfolio growth in 2019 on the fee management side of the business
- Drove growth of the portfolio by 50% within 2 years
- Underwrite new assets and create Pro-forma budgets
- Create and manage an annual budget of 17 million dollars
- Prepare and present quarterly investor reports
- Direct recruitment and retention of supervisors and staff of 40 employees.
Property Manager - The Lofts at Rio Salado
Sares Regis
02.2011 - 02.2013
- Achieved top occupancy in sub-market near ASU
- Achieved highest customer service ratings in 4 year on Kingsley Survey
- Began new corporate program to help off-set summer vacancy.
Property Manager - Montelano Apartments 452 Units
Riverstone
10.2010 - 02.2011
- Managed newly acquired asset
- Increased occupancy from 87% to 97% in 3 months
- Lowered maintenance expenses by using in-house staff vs
- Vendors to complete turns and work orders.
Education
Bachelor of Arts - Geography -
California State at San Bernardino
04.1999
Skills
- Operational Efficiency
- Operations Oversight
- Strategic Planning
- Strategic planning and execution
Additional Information - Licenses
01/2018 AZ Real Estate License #SA676226000
Timeline
Director of Operations
Cortland
02.2022 - Current
Regional Vice President
CALCAP Properties
03.2013 - 02.2022
Property Manager - The Lofts at Rio Salado
Sares Regis
02.2011 - 02.2013
Property Manager - Montelano Apartments 452 Units
Riverstone
10.2010 - 02.2011
Bachelor of Arts - Geography -
California State at San Bernardino