May 07, 2015
Vice President, Special Asset Management, Trimont Real Estate Advisors, Inc.
Manages a portfolio of non-performing assets that have a heightened risk of default and litigation. The management process typically includes working through the re-underwriting of the asset to determine the highest-yielding exit strategy for my client, who is typically the lender.
Why did you decide to pursue your designation?
My educational background is in accounting and finance, but I work frequently with brokers, property managers and other real estate professionals in the course of my business. Through the CCIM designation, I am able to better understand processes, such as the methodology for valuation, the analytics used, etc., and this in turn helps me better ascertain the value of the assets held by my clients.
How has your CCIM designation helped your career?
Overall, it makes me a more well-rounded real estate professional. Specifically, I have a better understanding of real estate fundamentals and how various outlying factors have an impact on the real estate itself. With this knowledge, I am better able to cut through the spin to understand a property’s current market value. My portfolio of assets is nationwide, and I have been able to utilize the CCIM network to identify contacts throughout the country to get assistance in places where I have not previously had any interaction. Getting involved in my local chapter has also been a benefit as it has furthered my knowledge of the Georgia market and expanded my local relationships with other talented real estate professionals.
What advice do you have for someone just starting their career in commercial real estate?
Balance yourself – the real estate market is cyclical. A well-versed background in all aspects of real estate will allow you to perform at a higher level professionally and will ensure that you have options available to you in the highs and lows of a cycle.