| Credit Checks - 10.26.2010
When an offer for employment is extended to a candidate, it is pro forma for the employer to arrange with a third party service to perform a background check that includes court records, drivers license and motor vehicle reports, and credit histories that sometimes includes credit scores. The credit-check aspect of this process is coming under fire in a number of states over concerns of discriminatory practices associated with screening out individuals who have credit issues. As I learned more about this situation, it raised a concern that I had not previously focused on. Over the past two years the severe recession has taken its toll on individuals who otherwise have had pristine credit histories, but now find themselves in financial straits with correspondingly weak credit scores. Many background credit checks are limited to screens for bankruptcy, liens and other similar information, and do not include credit scores which vary from one credit agency to another. It’s a touchy subject, but prospective employees must sign a waiver before a background check can be performed, so it may be worth asking if credit scores are included in the report. Employers clearly have the right to know about credit history, but I do not believe that credit scores belong in the mix. Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own. |
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THE PALMER TEAM
Capital Markets Partner
(SACRAMENTO) The capital markets partner will be responsible for underwriting, marketing, structuring debt and equity and the management of client relationships; among other duties. --> SIONI AND PARTNERS
Associate – Investment Sales Division
(NEW YORK CITY) The associate will be responsible for the sale of investment properties; effectively structuring transactions from conception to finalization; assessing and underwriting investment opportunities; preparing proposals and offers; and marketing and positioning an asset; among other duties.
JONES LANG LASALLE
Vice President, Project Management
(MIAMI) The VP will develop and implement with senior leadership a business plan for the regional marketplace; leverage relationships in the marketplace to achieve new business success; direct all project management activities across the region; and manage project budgets for subject properties and maintain monthly forecasts and cash flow analysis; among other duties.
HEALTHCARE TRUST OF AMERICA
Regional Vice President/Asset Manager
(INDIANAPOLIS) The regional VP will direct national, regional and local third party management companies; evaluate and provide guidance on leasing terms, capital plans, budgets and day to day operational items; and develop and recommend strategic business plans for individual assets to determine current market valuation, value or cash flow enhancement opportunities, and investment thesis for underperforming assets; among other duties.
DEVELOPERS DIVERSIFIED REALTY
Capital Markets Analyst
(BEACHWOOD, OH) The capital markets analyst will work within the capital markets team to determine the appropriate short and long-term capital plans and cash-flow requirements for the company; participate in the implementation of capital plans by raising capital through various sources including common equity, preferred equity, permanent mortgages, construction loans, unsecured notes, bridge loans, and hybrid securities; and prepare quarterly bank compliance for secured lenders; among other duties.
LOWE ENTERPRISES, INC.
Property Manager
(SAN DIEGO) The property manager will work to achieve goals in collaboration with team members, other divisions/departments, outside agencies, contractors, vendors, tenants and the general public; and direct and/or supervise maintenance and operations for a large and complex grouping of publicly owned buildings, including the management of physical plant operations and the management and maintenance of complex building systems equipment; among other duties.
INVESCO REAL ESTATE
Real Estate Underwriter
(DALLAS) The underwriter will be responsible for preliminary valuation analysis of potential acquisitions of institutional quality multi-family, industrial, office, and retail properties; creating thorough and concise investment packages and co-present the final investment recommendation to the IRE investment committee; and evaluating the impact of client fees on potential returns at varied risk adjustment levels; among other duties.
WASATCH ADVANTAGE GROUP
Development Finance Manager
(MISSION VIEJO, CA) The finance manager will assist in development of property pro forma model; complete key underwriting tasks for financial modeling; prepare and submit all financing applications to state and local agencies manage flow and organization of all closing due diligence items; and manage third party development consultants; among other duties.
LIONSTONE GROUP
Analyst
(HOUSTON) The analyst will be responsible for preparing detailed financial models utilizing Excel and Argus (real estate software) for prospective investments; conducting research that assists decision making for investment decisions; and preparing reports and materials related to investment decisions and committee preparations; among other duties. |
| No more than one submission per company will be considered per week.
Submissions with multiple names will be capped at three for coverage in Executive Watch. AMERICAN ASSETS INVESTMENT MANAGEMENT, LLC
(SAN DIEGO) American Assets Investment Management is hiring Burland B. East as chief executive officer.
BELL PARTNERS, INC.
(GREENSBORO, NC) Bell Partners is hiring Lili F. Dunn as chief investment officer. Dunn was previously the SVP and managing director at AvalonBay Communities.
SIERRA REALTY CORP.
(NEW YORK CITY) Sierra Realty Corp. is hiring Garry Steinberg as managing director. Prior to joining Sierra Realty, Steinberg served as managing director at both Robert K. Futterman and Colliers International.
AKAM ASSOCIATES, INC.
(NEW YORK CITY) AKAM Associates is hiring Michael Basile as VP of management and Ed Benjamin as assistant director of management. Prior to joining AKAM, Basile and Benjamin served as a vice president and property manager, respectively, at Cooper Square Realty, Inc.
TRANSWESTERN
(HOUSTON) Transwestern is hiring John Nicholson as senior vice president with the industrial services group. Prior to joining Transwestern, Nicholson served as senior vice president with Grubb and Ellis.
JONES LANG LASALLE
(CHICAGO) Jones Lang LaSalle is hiring Garry Weiss as managing director on the capital markets industrial investment sales practice.
MANAGEMENT SOLUTIONS, INC.
(BOSTON) Management Solutions is hiring Bruce Shick as a Director in the consulting practice. Prior to Management Solutions, Shick was the IT Infrastructure and projects manager and globeal real estate and facilities services manager at Sun Microsystems.
TIME EQUITIES, INC.
(NEW YORK CITY) Time Equities is hiring Scott MacWhinnie as its new director of office leasing and sales for the Manhattan office portfolio. |
