david flad

Managed schedule, budget, and cost accounting for real estate renovation projects totaling $100M including two resort and six multifamily assets. Supervised operations of three assets totaling 4800 multifamily units. Asset manager for 73-property investment portfolio including net lease and residential assets..

Worked with community based organizations to leverage new laws requiring community investment by banks (CRA) and home mortgage disclosure (HMDA). Provided technical assistance CBOs to finance real estate development projects and small business creation.

Managed 2000 unit, $370M multifamily asset portfolio. Provided direction to property management agent, facilitated municipal approval of 3 new clubhouses and site redesign, and represented owner with general contractor completing $30M renovation. Performed due diligence for acquisitions. Completed monthly and quarterly analysis of asset performance and market movement. Completed hold/sell analysis for existing portfolio. Managed dispositions.

Managed numerous neighborhood development projects through Boston with the goal of supporting and initiating economic development. Acted as liason to multiple Community Development Corporations as administrator of MAP grants to assist CDCs with critical administrative support.

Provided multi-family due diligence, project management, property management and asset management consulting, physical inspections with recommendations, managed redirection of multi-family site operations, oversaw rehab projects and analyzed portfolios for acquisition. Provided organizational change management advisory services for real estate companies and non-profit developers.

Supervised $2M real estate management and development company. Directed senior staff for residential, commercial, and condominium property management, accounting, brokerage, and administration managing 150,000 square feet of commercial/retail space in seven properties, 1000 residential units, and 14 condominium associations. Performed due diligence and financial analysis for potential acquisitions and developments. Primary contact for key clients, community leaders, and public officials. Repositioned two historic commercial properties. Completed $9 million residential renovation. Supervised 70-unit residential expansion and development of 7-unit in-fill condominium building.

One of four senior executives for $13M property management division with 150 assets in 26 states. Lead critical reorganization efforts, technology roll outs, and process reengineering projects to support operational growth and 400% portfolio expansion over 5 years. Supervised post-merger integration of $3M Salt Lake City real estate company, three technology rollouts to 150 locations over two years, and reengineered accounts payable and financial reporting systems. Provided direction to 6 Regional Vice Presidents for 50 asset portfolio in 20 states. Supervised work out/repositioning of failing assets. Restructured and renovated $35M 12-asset portfolio. Performed operating feasibility analysis and due diligence of potential investments. Voting member of Institutional Investment Committee, approving all institutional fund acquisitions.

The Schochet Companies are industry leaders in structuring, managing and closing complex real estate transactions across all major real estate classes with a special competency in affordable housing and a growing competency in market rate multifamily properties. Schochet Property Management offers over 40 years of experience and expertise in commercial, retail, and residential property management.

Graduated Summa Cum Laude Activities and Societies: Phi Beta Kappa