Asset Management V2.0
Tuesday, November 6: 2:00pm – 3:15pm
The Asset Management discipline has evolved quickly over the past 20 years and is on the cusp of achieving new milestones related to organizational impact. As a key contributor to the success of a savvy owner, the most sophisticated organizations now have robust systems and strong asset management platforms that provide critical support to the parent organization. This session will explore how the asset management discipline has evolved, discuss the different flavors of asset managers, and highlight some of the asset management best practices and structures found in the most sophisticated organizations.
Dena Xifaras, Preservation of Affordable Housing (POAH)
Dena Xifaras is POAH's Vice President for Ownership and Operations, responsible for the oversight of POAH's long-term ownership interests in its real estate portfolio – 10,000+ units and $1 billion in asset value. She oversees the Asset Management, Technology, Energy, and Design & Construction departments, develops property and portfolio strategies, leads the development and use of higher level portfolio analytics, and fosters the growth of POAH's ownership and operations function. She directs staff carrying out workouts, refinancing, dispositions, limited partner exits, subsidy renewals, financial oversight, relationship management, capital planning, budgeting, risk management, energy management, technology initiatives and process improvements. Prior to taking on her current role, Dena worked with POAH's Development team as a project manager for five years, overseeing the acquisition and redevelopment of over $100M in total development costs and doing predevelopment assessments, financial and programmatic structuring, budgeting and project oversight. Prior to her work at POAH, she was the North America Finance Lead at Accenture, a global management consulting, technology services and outsourcing company. Dena holds a bachelor's degree from Boston College, a law degree from Suffolk University Law School, and two master's degrees from Bentley College – a Master of Business Administration and a Master of Science with dual focus on Real Estate Management and Financial Planning. She is a resident of southeastern Massachusetts and active in local initiatives including serving on the board for the Old Rochester Regional Athletic Hall of Fame and the Southcoast YMCA, and volunteering for town and youth initiatives. She was named one of the Affordable Housing Finance magazine Young Leaders of 2014.
Dustin Read, Virginia Tech
Dustin C. Read, PhD/JD, serves as an Associate Professor at Virginia Tech where he holds the William and Mary Alice Park Junior Faculty Fellowship in the Program in Real Estate. His research and teaching interests include asset management, property management, and housing policy. Dr. Read's work has appeared in a number of internationally recognized publications including the Journal of Real Estate Finance and Economics, Journal of Real Estate Research and Journal of Real Estate Portfolio Management.
Rachel Johnson, NRP Group LLC
Rachel's talents were recently recognized by Northeast Ohio's premier honor for leading IT executives when Crain's Cleveland Business named her CIO of the Year 2014 (mid-size private company). Her 17-year career spans both financial accounting and software development and technology. She worked at AmTrust Bank for nine years, first as business director of software applications for mortgage and real estate lending. Following her promotion to vice president, she ran the financial and accounting operations of the commercial construction real estate lending division. After starting out as a staff accountant with Ernst & Young, Rachel worked as a consultant, developing custom-built software applications for financial and accounting divisions at businesses ranging from consumer products and insurance to real estate. She graduated from Miami University with a bachelor's degree in accounting and a minor in management information systems. Rachel is active on the Women's Leadership Committee of the Greater Cleveland United Way, working with other highly motivated women on community health and human services issues. She's also on the Board of Zoning Appeals of Chagrin Falls Township, Ohio. Appointed by the mayor, the board is in charge of reviewing commercial and residential zoning applications for the township