RHONDA SCOTT
Virginia Beach,VA
Summary
Dedicated real estate professional with history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand.
Overview
18
18
years of professional experience
1
1
Certificate
Work History
Director, Asset Management
Virginia Beach Community Development Corporation
Virginia Beach, VA
05.2018 - Current
- Develop, prepare and update property budgets, asset management plans, and policy and procedures
- Supervise, direct, coordinate and review the work of managers and staff, including outside professionals, consultants and contract service providers
- Oversee the revenue growth of a 503-unit scattered site residential portfolio valued at $49+ million
- Drive the increase of occupancy to achieve economic growth and stability
- Ensure property managers are utilizing best practices in the management of each property
- Oversee the operation of the facilities maintenance division to ensure properties are safe, attractive and well-maintained for residents
- Manage the rehabilitation of housing developments and residential units
- Liaise and maintain strong working relationships with internal teams, municipalities, board of directors, contractors, and other not-for-profit organizations; as well as make presentations to these groups
- Increased occupancy from 88% to 97% within 6 months
Leader, Business Development
Second Act Communities/VBCDC
Virginia Beach, V
01.2015 - 05.2018
- Sought business opportunities to expand the company’s income potential
- Identified potential sites for acquisition/rehabilitation, new construction, or adaptive reuse development projects
- Led the pre-development design phase of the development process by researching the viability of prospective real estate projects
- Developed and presented pro-forma reports to partners, city and community stakeholders, and board of directors
- Assisted senior executive team in development of comprehensive business development strategies
- Conducted envisioning presentations to gain buy-in and approval to move forward with development projects
- Maintained communication with core development project team, board of directors, partner organizations and stakeholders
- Attended industry and community events, and company functions to build professional network
- Instrumental in increasing VBCDC's unit count by 25%
- 55-unit apartment complex - Acquired December 2018
- 50-Unit Veteran Only apartment community - Opened December 2019
Real Estate Coordinator
City of Norfolk
Norfolk, VA
05.2005 - 01.2015
- Managed the Division of Real Estate
- Acquired residential and commercial real estate totaling $57+ million
- Negotiated lease agreements that generated over $1.5+ million in revenue yearly
- Researched, identified and negotiated city department leases with external landlords
- Managed disposition of city-owned properties throughout the City of Norfolk to place properties back on the tax roll
- Advised and interacted with internal and external stakeholders to identify, negotiate and facilitate acquisition of land and buildings for development projects
- Renegotiated corporate lease agreements with external landlords
- Obtained and reviewed due diligence materials such as appraisals, title and environmental reports to assess purchase feasibility
- Collaborated with governmental leadership in decision-making process to facilitate the execution of the sale and development of property in the City of Norfolk
- Worked alongside attorneys, and legal assistants on complex real estate transactions
Education
Bachelor of Science - Business Administration, Real Estate and Urban Land Development
Virginia Commonwealth University
Richmond, VASkills
- Asset Management
- Relationship Management
- Business Development
- Budget Development
- Financial Reporting and Analysis
- Lease Negotiation
- Project Organization
- Acquisition and Sales
- Budgetary Reviews
- Client Relations
- Collaboration
- Leadership and Training
- Employee Performance Evaluations
- Commercial Real Estate
- Market Knowledge
Timeline
Director, Asset Management
Virginia Beach Community Development Corporation
05.2018 - Current
Leader, Business Development
Second Act Communities/VBCDC
01.2015 - 05.2018
Real Estate Coordinator
City of Norfolk
05.2005 - 01.2015
Bachelor of Science - Business Administration, Real Estate and Urban Land Development
Virginia Commonwealth University
Affiliations
- INSTITUTE OF REAL ESTATE MANAGEMENT (IREM)
- LICENSED REAL ESTATE AGENT (VIRGINIA)
- HAMPTON ROADS HOUSING CONSORTIUM
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Software and Databases
- CoStar
- Microsoft Office Suite
- RealPage OneSite Property Management and Accounting
- SharePoint
- REIN MLS, Market Leader CRM and Lead Generation
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