Michael Chukerman
Vice President Asset Management @April Housing
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WORK HISTORY
Vice President Asset Management @April Housing
Los Angeles, CA, US
As Vice President of Asset Management, I oversee day-to-day operations, financials, asset management, and property management of market rate and LIHTC multifamily assets in California, Colorado, Utah, Arizona, New Mexico, Washington, and Wyoming.I provide hands on leadership to 7 direct reports encompassing Associate Vice Presidents, Associates, and Analysts. I contribute to annual targeted rent growth of 8% and NOI growth of 11% by implementing automated processes of tracking and monitoring KPIs while executing individualized business plans for every property within my assigned regional portfolio.I am continually implementing new policies across the entire organization to elevate success rates in leasing, collections, monthly financial reporting (FP & A process / budget variance reporting timelines / capital project GL coding and budgeting processing), maintenance performance (make ready units / maintenance tickets), budgeting processes, and cash management.I introduced an automated methodology of the distribution of weekly, monthly, and quarterly asset reports that report on metrics pertaining to billing, collections, AR, AP, current cash position, occupancy, and leasing performance (lease trade outs).I created an entirely new capital allocation process for all capital improvement projects and \"focus list\" properties needing capital injections, allowing for visibility in capital expenses on asset Profit and Loss Statement along with individual property balance sheets.
EDUCATION
School of Visual Arts
Film/TV Media, Communication and Media Studies
University of Colorado Boulder
Bachelor of Business Administration - BBA, Business Administration and Management, General
ABOUT MICHAEL CHUKERMAN
As a collaborative and insightful asset management and operations executive, I have 15+ years of proven success developing effective real estate strategies that achieve client/company goals.Throughout my career I have advised executive leadership, key cross-functional partners, and stakeholders with data-driven insights, increasing competitive edge by monitoring activities of competitors, expansion patterns and plans of the market, demographic characteristics, property values, and political climate.As a seasoned and collaborative senior executive leader with deep expertise in property and asset management, I drive business development and operational excellence to expand organizational capabilities, grow sales channels, and deliver outstanding service. Asset Classes: Multifamily (Conventional / Affordable), Student Housing, Retail, Office, Industrial, Manufactured Homes, and MOBThroughout my career I have supported expansion from inception and launch through its exponential national growth. I was quickly promoted to leadership roles early in my career and advanced to become a visionary senior leader, driving operational oversight and strategic direction for the multi-family real estate division. I have served as a thought leader to fuel companywide strategic initiatives that enhance workflows and identify critical performance gaps in infrastructure, creating cost-effective business solutions that maximize investor ROI. A few other notable accomplishments of which I am incredibly proud include:• Steering and scaling strategies for the emerging short-term rental market to maximize our competitive edge, increasing market rent by 125%. • Developing an incubator environmental, social, and governance (ESG) green initiative to deliver more than 60% in ROI, then driving that movement companywide. I also conducted community speaking engagements to influence the adoption of green initiatives across the industry.• Leading a strategic property management software upgrade across 120 of our properties within eight months. I collaborated with key opinion leaders to evaluate technology solutions, facilitated beta testing, designed the rollout schedule, and drove an internal campaign to cultivate the adoption of change management.AREAS OF EXPERTISE Budgeting, Forecasting, & Cost ControlsBusiness Expansion & DevelopmentBoard & Stakeholder RelationshipsSite Construction & RenovationsAsset / Property ManagementTechnology ApplicationsEmployee DevelopmentRegulatory ComplianceReal Estate Operations Change ManagementStrategic InitiativesP & L Management
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