EDDIE IVEY
Nashville,TN
Summary
Dynamic operations executive with a proven track record at Freeman Webb Co, Realtors, leading teams to manage over 60 communities. Expert in budgeting and financial analysis, achieving high occupancy rates while fostering strong vendor relationships. Recognized for strategic initiatives that enhance operational efficiency and resident satisfaction.
Overview
30
30
years of professional experience
Work History
Vice President of Operations
Freeman Webb Co, Realtors
Nashville, TN
07.2020 - Current
- Oversaw regional vice presidents, senior regional managers, and maintenance directors across 60 communities.
- Managed operations for 10,000 to 12,000 conventional HUD and LIHTC communities, ensuring resident satisfaction.
- Delivered performance updates and strategic initiative reports to founding partner regularly.
- Maintained relationships with clients to foster business growth and enhance service offerings.
- Provided training and mentoring for new operations department employees to ensure seamless integration.
- Cultivated positive relationships with executives and stakeholders to improve collaboration.
- Collaborated across departments to effectively achieve organizational objectives.
Vice President of Conventional Communities
SPM, LLC
01.2007 - 11.2019
- Responsible for up to 55 communities totaling 10,000 units.
- Coordinated all acquisitions and dispositions for over 25 communities totaling 15,000 units.
- Supervised lease up of over 10 new construction class A++ communities.
- Supervised repositioning of over 15 communities through value-add renovations.
- Expanded conventional division from 2 RPMs and under 2,000 units to 12 corporate staff.
- Secured 6 new fee management clients.
- Acted as the management liaison for the development company by preparing proformas, reviewing and modifying construction plans, developing sign packages, negotiating all property contracts, and verifying project completion as drawn.
- Developed the new community take over and disposition procedures.
- Developed weekly, monthly, and annual reports for owners, investors, and banks.
General Manager
William Lyon Property Management
01.2007 - 12.2007
- Managed all operations of 5 conventional apartment communities totaling 2,400 units.
- Increased occupancy on 2 communities over 20% in 4 months.
- Hired, supervised, and trained staff of 50 across maintenance, leasing, and management functions, fostering a motivated and effective team.
- Supervised renovations of $6.2 million, enhancing property value and appeal.
- Negotiate and supervise all annual contracts, fire restorations, and management agreements.
- Prepare annual cash budgets for each property; assisted legal staff in the preparation and presentation of materials and pleadings for tax proceedings.
- Reported monthly to ownership entities, including large institutional clients and internal partners, ensuring alignment and transparency.
Director of Operations
The Dovetail Companies
Athens, USA
01.2004 - 12.2006
- Oversaw all aspects of Dovetail Management.
- Opened five new student condo/rental communities in 2 years.
- Increased gross sales revenues from $12 million to $52 million.
- Increased sales from 60 units in 2004 to 300+ units in 2007.
- Negotiated all annual contracts including a cable/internet revenue share agreement producing $500,000 in initial revenues and $100,000 in annual revenue for 10 years.
- Maintained average occupancy over 95% portfolio wide.
- Created a third-party management company to serve investor buyers on each community.
- Managed daily operations of communities, overseeing condo sales, third-party management, staff acquisitions, due diligence, client communication, payroll, product and clubhouse design, site planning, marketing, lease compliance, and administration for 70+ associates.
- Created and implemented the 'Campus Marketing' campaign.
- Designed and supervised construction of custom sales center to optimize customer engagement and support sales efforts.
- Implemented Yardi Voyager software conversion.
- Developed daily, weekly, monthly and annual reports.
- Developed and implemented company-wide policy and procedure manual to enhance operational consistency.
Regional Property Mgr, Property Mgr.
Lane Company
Birmingham, USA
01.1997 - 12.2004
- Managed operations for up to 10 affordable apartment communities, totaling 1,907 units in portfolio.
- Maintained average occupancy of 95% across all managed communities.
- Hired, supervised, and trained a team of up to 70 staff in maintenance, leasing, and management functions across six states.
- Negotiated and managed annual contracts for renovations and management agreements to ensure compliance with quality standards.
- Reported monthly to ownership entities, providing updates to individual investors and institutional clients.
- Prepared annual cash budgets for each property; assisted legal staff in tax proceedings preparation.
Education
Bachelor of Science Degree - Business Administration
PFEIFFER UNIVERSITY
Misenheimer, NC05-1992
Certified Apartment Property Supervisor Certification -
Skills
- Operations management
- Portfolio management
- Budgeting and forecasting
- Vendor negotiation
- Market analysis
- Team leadership
- Financial analysis
- Budget development
- Strategic planning
- Cost analysis and savings
- Leadership training
- Affordable Housing
Professional Accomplishments
- Serving on the Greater Nashville Apartment Association on the Executive Committee as the Chairman Elect.
- A graduate of the NAA Advocacy Academy and currently serve on the Budget and Finance, and Legislative Committees.
- Serve on the Board of Directors of Hatching Hope of Alabama, a 501(c)(3) multifamily disaster relief organization.
- Served on the Board of Apartment Life.
- Executive of the Year by the Greater Birmingham Apartment Association for 2016.
- Served on the Board of the Greater Birmingham Apartment association 2007 to 2016.
- Served on the Executive Board of the Alabama Apartment Association 2016 to 2019.
- Elected President of the Alabama Apartment Association to serve 2020 to 2022.
- The Dovetail Companies, Athens, GA, Increased sales revenue from $12 million to $50 million in 2 years 2004-2006., Maintained an average occupancy of 98% or better portfolio wide.
Timeline
Vice President of Operations
Freeman Webb Co, Realtors
07.2020 - Current
Vice President of Conventional Communities
SPM, LLC
01.2007 - 11.2019
General Manager
William Lyon Property Management
01.2007 - 12.2007
Director of Operations
The Dovetail Companies
01.2004 - 12.2006
Regional Property Mgr, Property Mgr.
Lane Company
01.1997 - 12.2004
Bachelor of Science Degree - Business Administration
PFEIFFER UNIVERSITY