Michael Adams
Spring,TX
Summary
Results-driven executive with extensive experience in strategic leadership and operational excellence. Demonstrated success in driving growth, optimizing processes, and fostering team collaboration. Exceptional skills in strategic planning, financial management, and stakeholder engagement. Adaptable and reliable, consistently achieving high-impact results in dynamic environments.
Overview
24
24
years of professional experience
Work History
Vice President of Asset Management
Howard Hughes Holdings Inc
The Woodlands, TX
06.2024 - Current
- Responsible for the strategic management and optimization a commercial real estate portfolio, consisting of 6.2 million SF of office space, 2 million SF of retail space and 4,558 multifamily units located in 3 master planned communities across the United States
- Partner with regional property management teams, leasing teams, and senior leadership to maximize the financial performance of the assets while ensuring optimal performance, occupancy rates, and financial returns
- Collaborate with cross-functional teams, including leasing, risk management, accounting, and capital markets to ensure cohesive and effective portfolio management strategies
- Support the capital markets team with due diligence and loan covenant compliance
- Develop and implement comprehensive strategies tailored to each property, in line with market trends and company objectives
- Guide and facilitate the professional development of a team of two asset managers and one analyst who help with the implementation of asset management plans, property operating and capital budgets, asset reviews and analysis of operating metrics, variance reporting, cash flow forecasting, capital management and lease pipeline review
- Implement best practices as well as assist with developing new policies/procedures to streamline workflow across departments and between properties and tenants
- Monitor property performance metrics, financial statements, and operational reports to identify opportunities for improvement and provide transparent and accurate updates on portfolio performance, market trends, and strategic initiatives
Managing Director – Southern Region
Accesso Partners, LLC
Houston, TX
01.2011 - 06.2024
- Full P&L responsibility for a $600 million portfolio of commercial real estate assets across 7 cities, driving revenue growth and operational efficiency in highly competitive markets
- Guided and empowered a team of four asset managers, optimizing business plans and executing revenue enhancement initiatives to maximize NOI growth
- Market leader and Investment Committee member, providing market intelligence and financial evaluation new acquisition opportunities
- Developed and executed annual operating and capital budgets, driving financial stability and enabling strategic investments; gained an average 12% reduction in operating expenses through effective cost management and resource allocation
- Directed property management, construction management, and leasing teams to surpass operational, occupancy, and revenue targets by at least 10% annually
- Led development team in pre-development activities for 800,000 SF of office buildings, 1800 multifamily units and 80,000 SF of retail space in an expansion of an existing investment in Austin, TX
- Negotiated of over 8 million square feet of new and renewal leases
- Managed lender, investor and institutional partner relationships and reporting
- Maintained cash flow models to monitor property performance against original underwriting and annual budgets
- Key Accomplishment: Negotiated lease buyout with a full building tenant (278,000 SF) and successfully re-leased the building to two credit tenants within 6 months
Vice President Asset Management
Capital Commercial Investments, Inc.
Houston, TX
01.2008 - 11.2010
- Administered the asset management of a high-value portfolio of value-add properties worth over $100 million across core markets in Texas and Georgia, resulting in a 20% increase in overall property value over 2 years
- Achieved value enhancement by directing property level leasing strategy and capital expenditure programs
- Oversaw the strategic partnership with third-party property managers, leasing agents, and sales brokers, fostering collaborative relationships and driving a 10% increase in revenue through improved leasing strategies and targeted marketing campaigns
- Led all phases of capital improvement initiatives, including analysis of project economics, engineering, design, bidding and oversight of construction
- Executed disposition process of portfolio assets once value creation goals were achieved
- Key Accomplishment: Led restoration of Houston area office building damaged by Hurricane Ike (2008), including negotiation of a $3 million insurance settlement and obtained restoration on-time and within budget
Asset Manager
Argus Realty Investors, LLP
Houston, TX
03.2007 - 01.2008
- Company Overview: Merged with Thompson National Properties 2008
- Full P&L responsibility for a $150 million portfolio of office and industrial properties located in Indianapolis, IN, Atlanta, GA and Raleigh, NC
- Collaborated with cross-functional teams to formulate annual operating and capital investment plans and execute leasing strategy
- Merged with Thompson National Properties 2008
Senior Leasing Manager
Caldwell Watson Real Estate Group
Houston, TX
08.2006 - 03.2007
- Managed leasing operations for an extensive 800,000 square foot office building portfolio across diverse Houston submarkets, driving occupancy rates up by 15% and securing long-term leases with high-profile clients
Leasing Manager
PM Realty Group (Now Madison Marquette)
Houston, TX
03.2001 - 08.2006
- Directed leasing for a 1 million square foot portfolio in various submarkets throughout the Houston area for institutional clients
Education
BBA - Finance
Stephen F. Austin State University
Nacogdoches, Texas12.1991
Skills
- Financial analysis
- Portfolio management
- Budgeting
- Market analysis
- Property valuation
- Real estate negotiation
- Team leadership
- Stakeholder engagement
- Strategic planning
- Operational efficiency
- Risk management
- Performance monitoring
- Project management
- Client relationship building
- Business development
- Process improvement
Timeline
Vice President of Asset Management
Howard Hughes Holdings Inc
06.2024 - Current
Managing Director – Southern Region
Accesso Partners, LLC
01.2011 - 06.2024
Vice President Asset Management
Capital Commercial Investments, Inc.
01.2008 - 11.2010
Asset Manager
Argus Realty Investors, LLP
03.2007 - 01.2008
Senior Leasing Manager
Caldwell Watson Real Estate Group
08.2006 - 03.2007
Leasing Manager
PM Realty Group (Now Madison Marquette)
03.2001 - 08.2006
BBA - Finance
Stephen F. Austin State University