JoBeth Prochaska
Senior Vice President, Weitzman
Dallas, TX 75201
Phone (713) 781-7111
Property Types
Flex
Markets
Houston
Bio
JoBeth Prochaska, a real estate professional who is experienced in retail real estate, is Senior VP of Weitzman's Houston operation. In this position, Prochaska's responsibilities are as follows:
• Serve as the day-to-day decision maker on behalf of ownership on all project related needs & regularly report to ownership on project performance.
• Negotiate tenant leases & lease amendments from inception of LOI to lease signature. Work with legal counsel as needed to make business decisions/manage legal issues on Lease terms and implement necessary provisions into final document.
• Maximize NOI of each property though rent structure, managing annual property operating budgets & annual reconciliations of NNN charges to confirm accuracy of pass through charges & maximize collections.
• Manage loan compliance for both construction & permanent loans.
• Review, approve and execute listing agreements for third-party listings
• Oversee construction loan draws to confirm draw items are in line with budget projections and items included in draw are accurate as it relates to completion/fee timeline.
• Manage property tax appeal/litigation process including attending mediations and advising consultant of desired values.
• Develop/maintain development budgets for project approval by partners & construction financing.
• Manage operating budget with property manager to confirm accuracy & confirm budget projections are met.
• Casualty management, including insurance coordination and manage needed consultant for rehabilitation under various casualty events.
• Oversee legal process in the event of Tenant default and negotiate buyout terms. Attend mediation/court proceedings as owner representative when necessary.
• Negotiate condemnation awards/rights under such agreements to least disrupt project and maximize award.
• Implement capital improvements on projects to enhance project appearance & achieve cost savings/overall efficiency.
• Evaluate properties listed for sale & analyze if criteria fits within acquisition perimeters.
• Work with municipalities on entitlement issues including zoning, traffic, utilities, platting and engage/manage necessary consultants to complete necessary tasks.
• Negotiate incentive agreements with municipalities, such as 380 Agreements & prepare/analyze valuations for both sales & property tax projections as it relates to incremental increases for incentive consideration.
• Engage and manage consultants as it relates to every stage in the development process, including meeting timelines, managing project status and billing.
