Tom Costello
VP Asset Management @ Hackman Capital Partners, LLC
About
Real estate professional with a strong asset management, finance, and dispositions background and 15+ years of experience creating value for premier retail, office, industrial, and mixed-use properties nationwide. As a VP of Asset Management at Hackman Capital Partners, I significantly improved portfolio occupancy and value by negotiating and executing leases with major tenancies and executed on $250M+ of capital markets transactions. As an asset manager at Queensland Investment Corporation (QIC), I consistently improved the bottom line through active, smart management and spearheaded asset disposition efforts yielding maximum value for our clients. At Unibail-Rodamco-Westfield, I led finance efforts on the planning, execution, and delivery of the $1B+ redevelopment of Westfield Century City, an award winning project that has redefined the retail landscape in Southern California.
United States
Los Angeles
Real Estate
Contract Negotiation, Strategy, Capital Markets, Capital Management, Financial Performance, Leases, Annual Budgeting, Business Planning, Multi-Family Properties, Real Estate Development Projects, Financial Metrics, Asset Management, Interpersonal Communication, Leadership, Real Estate Due Diligence, Commercial Real Estate, Real Estate Development, Real Estate Transactions, Commercial Real Estate Analysis, Analysis
Experience

VP Asset Management
Los Angeles
- Implemented and executed on business plans for a portfolio of creative office, industrial, and flex properties across Los Angeles, totaling 850,000 square feet and $500 million in estimated value. - Negotiated and executed major leasing transactions with high-quality tenancies totaling 440,000 square feet, improving portfolio occupancy by +40% and portfolio Net Operating Income by +30%. - Mitigated exposure to a high-risk major tenant by negotiating space surrender agreements, re-leasing, and facilitating a sublease to preserve and de-risk approximately 40% of asset Net Operating Income. - Successfully refinanced $230 million in maturing loans and implemented asset-specific debt strategies using a mix of CMBS, balance sheet loans, construction financing, and mezzanine debt. - Managed analyst and associate-level direct reports and external consultancy groups and specialists including property management teams, leasing brokerage teams, architects, general contractors, and marketing and branding agencies. - Developed and maintained complex financial models to evaluate lease economics, loan terms, and investment returns to support leasing, financing, and asset strategy decisions. - Initiated a strategic capital improvement program addressing deferred maintenance and delivering leasing-ready upgrades to enhance tenant appeal and leasing velocity.

Investment/Asset Manager
Los Angeles, CA
- Maximize total performance of shopping center investments within the Global Real Estate US Investment Platform through strong financial management and strategic oversight while managing risk. - Key decision maker in formulating and recommending a strategic asset plan for approval and implementation, encompassing investment strategy, development master-plan, and operating plan. - Responsible for delivering an annual operational expense, revenue, and capital budget with input from property management and leasing in accordance with QIC's investment goals. - Chair regular stakeholder meetings to guide forward-looking strategy and ensure asset performance is in line with budgeted goals. - Lead disposition process for multiple assets including due diligence preparation and contract negotiations, acting as key liaison between seller, buyer, broker, and attorneys. - Lead quarterly and annual asset valuation process by leveraging broad and local market knowledge. - Risk management lead for the US portfolio, including insurance policy procurement, claims management, and establishment and monitoring of safety and security best practices.

Senior Finance Manager
- Manage the financial analysis of Westfield Century City, a $1.2B flagship retail development in Los Angeles. - Accurate, timely reporting of key project performance measures including project expenditure and yield, NOI analysis, valuation metrics, and identification of any potential risks/opportunities. - Strategize with senior developers to deliver key financial data to executive leadership, helping to inform our development pipeline. - Act as a liaison between Development, Leasing, Construction and Finance departments. - Develop and implement new financial tools to inform strategy and address changing reporting needs. - Perform various ad-hoc analyses, including additional phases of development and impact of shifting market demand.

Financial Analyst
- Manage reporting and forecasting of multiple, active project expenses and income. - Create and maintain feasibility analyses for new development projects. - Oversee tracking of multiple project predevelopment budget spend. - Manage leasing forecasting and reporting. - Explain operational expense and management income variances. - Perform ad hoc development, leasing and operational analysis.

Financial Analyst
- Manage production of annual financial plan - Direct all expense forecasting, report on monthly results - Create a weekly estimate package of company financials - Generate pro forma reporting for new project proposals - Ad hoc reporting and analysis
Tom Costello's Contact Information
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