PAUL MATTHEW PRIEBE

Professional asset management leader with strong focus on strategic planning, risk assessment, and portfolio optimization. Known for fostering collaborative team environments and delivering measurable results. Adept at navigating market fluctuations and aligning resources to meet organizational goals. Valued for adaptability, reliability, and effective communication skills.

• Collaborated with in house property management and construction management teams to execute 3- 5 year hold business plans to renovate and stabilize under performing multifamily assets in 9 states with an average IRR of 18% and 1.9x. Managed 5 investment portfolios with a total of 63 properties.
• Involved in successful due diligence, development of operating and capital expenditure business plans and acquisition of 2927 units from 2015-2019 in Colorado, Utah, and Arizona. Successfully executed business plans for 2 asset dispositions which resulted in the net gain of $39 million (876 units)
• Implemented Yieldstar revenue management system to 4000 units at Continental Realty Advisors that has increased revenue that outperforms competitive set by 3-5%. Responsible for $9M renovation budget on 5 assets which includes unit renovations that are averaging an annualized return on investment of 31%. Additionally, oversaw development of a $2.1M state of the art clubhouse at asset located in Louisville.
• Effectively managed 50 team members for Greystar Real Estate Partners by providing clear direction and support to minimize leasing exposure and stabilize NOI. Assisted owners with cash flow projections and refinancing initiatives. Managed HOA for mixed used development by coordinating efforts of retail, affordable multifamily units, and conventional multifamily units. Managed 280 unit multifamily asset through court appointed receivership, foreclosure process, and ultimate open market sale.
• Developed formal business plan format at RedHill to define investment objectives and subsequent action steps. Facilitator of value-add process, assembler of project teams, and driver of redevelopment strategy for RedHill’s $400M multi-family portfolio. Earned $325,000 annually in construction management and asset management fees.
• Tracked projected IRR by developing and implementing an asset management client reporting system. Utilized key indicators to help monitor and minimize asset deficiencies and maximize upside opportunities for a 25 asset, $600M portfolio of office, retail, apartments, industrial, land, condos, and SFR for Consolidated Investment Group.
• Increased occupancy 12% over 2 years for 2500 unit Northwestern multi-family portfolio by rebalancing rehab and leasing activities. As economy hampered leasing activity redevelopment was slowed and marketing initiatives and renewal strategies were strengthened to increase leasing velocity. Stabilized the rent roll and improved cash flow to position properties for sale. Rehabbed and sold 1276 units in less than two years for a net gain of 36% or $49.2M.