Rick Zack

About Rick Zack

With 25+ years across commercial asset management, property operations, and portfolio strategy, I\'ve built & led teams and executed business plans for multi-billion-dollar portfolios spanning office, retail, industrial, and multifamily sectors. My career has been defined by one constant: connecting operational execution to investor outcomes.At First National Realty Partners, I oversee a $2B AUM national portfolio of 67 assets, leading asset management, lease administration, and direct management of the Midwest portfolio. My focus is translating portfolio strategy into operational execution, driving NOI growth, optimizing capital allocation, and delivering consistent performance for investors. I have led cross-functional teams across office, retail, industrial, and multifamily assets throughout the full investment lifecycle, from acquisition through disposition. Prior to FNRP, I held senior leadership roles at Avison Young, CIM Group, and Advance Realty, progressing from Property Manager to Managing Director while building teams and systems designed to scale with growing investment platforms. What I bring to the table:• Full P&L ownership across complex, multi-state portfolios• A track record of building and leading high-performance teams in vertically integrated real estate firms• Deep fluency across asset classes and the full investment lifecycle — acquisition, operations, disposition• Credentialed expertise: CPM, RPA, FMA, ARM, ACoMI\'m most energized when I can connect the dots between people, process, and performance — and create organizations that consistently execute at a high level.

Experience

1. Vice President - Asset Management

   First National Realty Partners

   Nov 2023 — Present · Cleveland, OH, US

   Serve as the senior operational and strategic leader for a vertically integrated private equity real estate firm, overseeing national asset management and lease administration functions while directly managing a 16-asset, 3M+ SF Midwest portfolio.• Drive business plan execution across the portfolio: annual budgets, lease-up strategy, 5-year CAPEX plans, and quarterly investor reporting• Provide distribution recommendations to the executive committee using IRR, equity multiples, and operational metrics• Lead cross-functional alignment across acquisitions, accounting, leasing, construction, and investor relations• Proactively manage financial performance to protect NOI and investor returns across 26 states

Education

• Institute of Real Estate Management (IREM)

  Certified Property Manager (CPM), Accredited Residential Manager (ARM) / Commercial Manager (ACoM), Real Estate

• BOMI Institute

  RPA, FMA, Real Estate Management

  1999 — 2003

• Kent State University

  BA

  1992 — 1996