mary foston

Provided lease abstraction and lease audits of year end reconciiations. Managed base rent increses, CPI increases and controlled monthly escrows. Recovered over $2 million each year in disallowed pass through expenses. Negotiated monthly escrow reduction. Compared yearly budgets against lease compliance.

* Managed the relocation of lease administration department from Ventura, CA to Dallas, TX. * Hired, trained and developed staff; policy development and implementation; determined staff workload and budget. * Evaluated lease administrative processes and innovative ideas for effectiveness and efficiencies within the department. * Managed an abstraction project consisting of 1400 leases within a 12 month time frame. * Created and implemented processes during the transition from the real estate software systems Siteseer to Managepath. * Recovered over $1 million in TI Allowances.

* Monitored landlord construction costs and tenant improvement allowances. * Abstracted and maintained all real estate lease documentation. * Tracked rent commencement letters, renewals notices and termination rights. Analyzed retail sales reports. * Created annual leasing plans and packages for owner review. * Coordinated weekly marketing meetings and leasing reports.

* Actually worked for Pacific Realty Trust until they merged with Regency Realty. * Managed the Central Portfolio of 1000 leases. * Abstracted commercial leases into data base, maintained monthly rent roll, tenant billing & statements. * Produced annual budgets for CAM, TAX & INS recoveries.

* Evaluated year-end reconciliations against leases for expense obligations and compliance. * Performed desktop and field audits for lease compliance. * Maintained northeastern portfolio consisting of 300+ locations for rents and monthly escrow increases. * Recovered $550k in CAM, TAX & INS reconciliations. * Ensured accuracy and timing of estoppel requests.

* Management and oversight of 10 Lease Abstractors and Lease Auditors in Dallas and Atlanta. * Ensured timeless and accuracy of large lease abstraction projects consisting of retail, office and industrial properties. * Managed and prioritized numerous projects simultaneously in a fast pace environment. * Hired, trained and developed staff. Communicated and coordinated clients policies and procedures. * Communicated with clients regarding project status on a weekly and quarterly basis.

Participated in the real estate software conversion from Accruent to Costar. Developed and implemented lease audit procedures. Review year end reconciliations against leases for compliance. Exceeded the annual savings goal of $200k from lease audits, security deposits and TI Allowances. Recovered $460k. Abstracted retail, office & industrial leases into database. Obtained collection of TI Allowances. Oversee accuracy and timing of document deadlines, estoppels and SNDA's. Processed journal entries regarding allocation changes and maintained accruals. Monitored and processed daily expense uploads and monthly rents.