ERIC FINNEGAN
Chicago,IL
Summary
Proformance driven professional with over 15 years of experience in the commercial real estate industry. Seasoned and passionate leader who strives to deliver exceptional results for clients, tenants, and investors. As the Vice President- General Manager at CIM Group, responsibilities include overseeing and managing the operations, budgeting, and capital improvement projects of a portfolio of high-quality assets in the Chicago and Los Angeles area. Core competencies include property and asset management, construction management, contract negotiation, investment reporting, and risk mitigation. Driven by the mission of creating value and enhancing communities through real estate investments and development. Bringing diverse perspectives and experiences to the team, as well as a collaborative and supportive work style that fosters trust and empowerment.
Overview
19
19
years of professional experience
Work History
Vice President- General Manager
CIM Group
05.2019 - Current
- Managed multi-member cross-functional team implementing and overseeing overall operations and management of over 2,000,000 square feet of commercial real estate in Chicago and Los Angeles
- Optimized financial performance of assets by implementing data-driven strategies, resulting in 15% increase in revenue and 10% decrease in operational costs, ensuring sustainable and profitable growth for assets.
- Navigated all properties through challenges of COVID pandemic and multiple lockdowns, working with individual tenants to negotiate rent relief packages to enable businesses to remain operating resulting in 95% retention rate for over 2 million square feet of retail.
- Served as representative of asset management team in communication with lender and lender representatives.
- Developed and executed comprehensive onboarding program for commercial General Managers, resulting in reduction in ramp-up time and increases in revenue growth across national portfolio.
- Delivered strong financial performance despite challenging economic conditions by executing prudent strategies throughout all aspects of business operations, resulting in positive NOI for all assets.
General Manager
CIM Group
12.2016 - 05.2019
- Managed day-to-day operations of Block 37 and Geneva Commons, developed, and implemented strategies to drive business growth, collaborated with cross-functional teams to improve operational efficiency, and implemented effective marketing and sales strategies.
- Mitigated unit vacancies with proactive lease renewals, resulting in all-time property high of 85% leased.
- Implemented energy-efficient initiatives throughout properties managed, reducing overall utility expenses while promoting environmental responsibility.
- Drove successful execution of numerous large-scale capital projects while closely managing costs/budgetary constraints associated with event planning/management activities.
- Managed budget development, forecasting, and financial reporting processes to track progress towards organizational objectives accurately.
- Orchestrated seamless execution of 10+ large-scale capital projects, meticulously managing budgets and cost constraints, resulting in 10% reduction in project expenses and delivering projects within or ahead of schedule.
- Served as representative of asset team in all legal matters.
Assistant General Manager
CIM Group
02.2015 - 12.2016
- Facilitated in overall management of multiple retail assets, collaborated with then General Manager to develop and implement business strategies, managed customer relationships, and assisted in budgeting and financial reporting.
- Managed budget implementations, employee reviews, training, schedules, and contract negotiations
- Conducted comprehensive employee evaluations, utilizing performance management system to assess skill development and enhance team productivity.
- Reduced financial inconsistencies while assessing resulting in expense reduction year over year.
Sr. Property Coordinator
CIM Group
04.2014 - 02.2015
- Administered operational oversight for properties, setting budgets and supervising office staff.
- Streamlined rent and security deposit collection procedures, leveraging digital platforms and implementing online payment system; achieved 20% increase in on-time payments and reduced late payment instances by 30% within first quarter.
- Collaborated with marketing team to develop and execute comprehensive email marketing strategy; achieved 25% open rate and 15% click-through rate.
- Coordinated preventive maintenance schedule and directed daily maintenance operations.
Real Estate Services Administrator
Real
02.2010 - 04.2012
- Improved property management efficiency by streamlining administrative processes and implementing new software systems
- Identified and rectified errors in documents by implementing comprehensive proofreading process, ensuring 100% accuracy and completeness across all materials
- Conducted unit move-out inspections to identify necessary repairs and record damages.
Assistant General Manager
Roosevelt Glen Corporate Center
05.2008 - 02.2010
- Managed budget implementations, employee reviews, training, schedules, and contract negotiations for 8 building office park.
- Managed team schedule with eye for coverage needs and individual strengths.
- Monitored facility maintenance needs, coordinating repairs and upgrades as necessary to keep operations running smoothly.
Marketing Associate
Illinois Restaurant Association
11.2006 - 03.2008
- Created eye-catching visual assets for print and digital campaigns that resonated with target audiences
- Coordinated successful trade shows and events, increasing brand exposure, and generating new business leads
- Boosted brand visibility by developing and executing targeted marketing campaigns.
Associate
Adelstein Liston
08.2005 - 11.2006
- Identified appropriate marketing channels and target customers for campaigns.
- Evaluated effectiveness of competitors' advertising campaigns to identify areas for improvement and capitalize on market opportunities.
- Managed campaigns for various clients that consistently resulted in successful campaigns.
Education
Bachelor of Science - Marketing
DePaul University
Chicago, IL08.2005
Skills
- Strategic Planning
- Business Development
- Financial Management
- Operations Management
- Team Leadership
- Budget Oversight
Affiliations
- SSA #1 State Street Commission Board Member
- BOMA/Chicago Energy and Sustainability Committee Member
- CPS After School Mentor
- Special Children's Charties
Timeline
Vice President- General Manager
CIM Group
05.2019 - Current
General Manager
CIM Group
12.2016 - 05.2019
Assistant General Manager
CIM Group
02.2015 - 12.2016
Sr. Property Coordinator
CIM Group
04.2014 - 02.2015
Real Estate Services Administrator
Real
02.2010 - 04.2012
Assistant General Manager
Roosevelt Glen Corporate Center
05.2008 - 02.2010
Marketing Associate
Illinois Restaurant Association
11.2006 - 03.2008
Associate
Adelstein Liston
08.2005 - 11.2006
Bachelor of Science - Marketing
DePaul University
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