Daryl R. Krivanec
Pine Brook
Summary
Seasoned Property Manager with a proven track record at TSCG, adept in budget management and tenant relations. Excelled in enhancing property value and tenant satisfaction across a diverse real estate portfolio, achieving the lowest receivables. Skilled in lease negotiation and project management, consistently surpassing financial goals with strategic oversight and operational excellence.
Overview
39
39
years of professional experience
Work History
Property Manager
TSCG
07.2020 - 02.2025
- Responsible for the management of all retail, office, and industrial properties managed by TSCG in Connecticut and New Jersey.
- Managed overall tenant relations, promoted tenant satisfaction, and had the least receivables in the company.
- Solicited and analyzed bids for tenant improvements, repairs, renovations, and general maintenance.
- Prepared annual operating budgets - worked diligently to meet or exceed the budgeted NOI.
Managing Director – Investment Management
Hart Realty Advisers/TSCG Investors
04.2001 - 06.2020
- Actively managed the tactical and operational aspects of a real estate portfolio in excess of $500 million.
- Responsibilities included negotiating and approving leases; developing and implementing operating and capital budgets; selecting and directing leasing and property management agents; underwriting and supervising renovation and development projects and valuing the properties each quarter.
- Opportunistically divested more than $450 million of gross real estate assets, directly and through brokers.
- Select lenders, and negotiate loan documents for mortgage financings.
Vice President, Commercial Mortgages
CIGNA Investment Management, Real Estate Division
04.1998 - 04.2001
- Managed the process of developing, evaluating, and maintaining the standards, guidelines, and expectations for CIGNA’s annual collateral review of its $11 billion commercial mortgage portfolio.
- Developed an Internet application to enhance the review process.
- Responsible for monthly pricing (valuations) of CIGNA’s commercial mortgages.
- Identified eligible money sources for proposed commercial mortgage investments.
- Developed a desktop application to provide customized access to various data in the mortgage portfolio.
Real Estate Asset Manager
CIGNA Investment Management, Real Estate Division
01.1994 - 04.1998
- Actively managed the tactical and operational aspects of a real estate portfolio in excess of $400 million.
- Responsibilities included negotiating and approving leases, developing and implementing operating and capital budgets, selecting and directing leasing and property management agents, underwriting and supervising renovation and development projects, and valuing the properties each quarter.
- Opportunistically divested more than $115 million of gross real estate assets, directly and through brokers.
- Originated mortgage financing and remarketed Industrial Revenue Bonds.
Real Estate Portfolio Analyst
CIGNA Investment Management, Real Estate Division
06.1990 - 01.1994
- Developed, maintained, and utilized computer programs and databases for all of CIGNA’s closed-end real estate funds.
- Responsible for all analytical information provided to investors and consultants.
- Selected and engaged all independent appraisers, managed schedules, reviewed results, reported values, and approved payment of fees.
Manager of Appraisals & Business Operations
CIGNA Investment Management, Real Estate Division
10.1988 - 06.1990
- Selected and engaged all independent appraisers, managed schedules, reviewed results, reported values, and approved payment of fees.
- Directed the planning process for the Real Estate Investment Division.
Accounting Specialist
CIGNA Investment Management, Financial Division
05.1986 - 10.1988
- Responsible for reviewing property financial statements and preparing monthly real estate equity portfolio financial statements.
Education
Bachelor of Science - Accounting
University of Connecticut
Storrs, CT01.1985
Skills
- Tenant relations
- Budget management
- Property maintenance
- Project management
- Lease negotiation
- Licensed salesperson
- Vendor management
- Software utilization
Other Credentials
- Investment Performance Council (IPC), Real Estate Subcommittee
- National Council of Real Estate Investment Fiduciaries (NCREIF), Member of REIS Council, Director on the Board of NCREIF (1999-2003), Chairperson of Performance Measurement Committee (1997 – 1998), Instructor of 'Calculation of Real Estate Performance Returns' seminars, Co-author of 'NCREIF Performance Returns Workbook', Speaker at numerous industry conferences.
Certification
- Charter Financial Analyst
- Real Estate Salesperson License
Timeline
Property Manager
TSCG
07.2020 - 02.2025
Managing Director – Investment Management
Hart Realty Advisers/TSCG Investors
04.2001 - 06.2020
Vice President, Commercial Mortgages
CIGNA Investment Management, Real Estate Division
04.1998 - 04.2001
Real Estate Asset Manager
CIGNA Investment Management, Real Estate Division
01.1994 - 04.1998
Real Estate Portfolio Analyst
CIGNA Investment Management, Real Estate Division
06.1990 - 01.1994
Manager of Appraisals & Business Operations
CIGNA Investment Management, Real Estate Division
10.1988 - 06.1990
Accounting Specialist
CIGNA Investment Management, Financial Division
05.1986 - 10.1988
Bachelor of Science - Accounting
University of Connecticut
Similar Profiles
Kenechukwu EzeanyaKenechukwu Ezeanya
RN - Mental Health/ Detox Unit at Bergen New Bridge Medical CenterRN - Mental Health/ Detox Unit at Bergen New Bridge Medical Center
Dana HirschfeldDana Hirschfeld
Self Contained Special Education Teacher at Clifton Public SchoolsSelf Contained Special Education Teacher at Clifton Public Schools
Judith KernJudith Kern
Nurse Administrator at Serenity at Summit Behavioral HealthNurse Administrator at Serenity at Summit Behavioral Health
Gabrielle KursteinerGabrielle Kursteiner
Property Manager at Sunridge Management GroupProperty Manager at Sunridge Management Group
Devesh PandhiDevesh Pandhi
Property Manager at EcogreenProperty Manager at Ecogreen