Anthony LoPinto Anthony LoPinto

Sooner or later most executives negotiate their next career opportunity involving a relocation. Aside from the usual issues such as convincing a spouse that it’s a good idea, or the kids who do not want to leave their school, there is an economic issue that usually takes the back burner to the cash compensation and long-term incentive compensation such as stock or deal equity. That underappreciated issue? Relocation expenses.

The cost of a relocation can be high. What’s more, employers tend to get conservative on reimbursing those costs because they just added up the compensation package and decided that relocation expenses are not totally their problem. Often employers will negotiate “a number” and let the employee figure it out. Others want to account for every nickel and dime. However it goes, the real kicker is that the majority of relocation reimbursements are taxable, and employers hate tax gross-ups.

My recommendation is that you move relocation to an earlier stage of the process and avoid that last minute negotiation that usually ends with the newly minted employee writing some checks as he or she packs up the family.

JOB LISTINGS

JLL Director COE Capital Planning (CHARLOTTE, NC) Position will have responsibility for the capital planning process including an annual capital plan presentation, monthly reviews and plan management. In addition, position will have oversight for the Client’s Global portfolio and will report directly to the Director COE Project and Development. (Sponsored Job)

USAA REAL ESTATE COMPANY Director, Head of Investor Due Diligence (SAN ANTONIO, TX) Director, Head of Investor Due Diligence, will be responsible for managing the Request for Proposals, Request for Information, Due Diligence Questionnaires and investor request processes, producing high quality responses, which accurately and favorably represent USAA Real Estate Company’s (“RealCo”) investment capabilities and value proposition to existing and perspective clients and consultants. (Sponsored Job)

CENTURY REALTY Senior Real Estate Accountant (NEW YORK, NY) Accountant will be involved in all accounting and reporting functions of a portfolio of over 100 real estate holdings, including financial reporting to management and creditors, monitoring project budgets, review of contractor invoices, and communication with vendors. (Sponsored Job)

RICHMAN GROUP Senior Vice President of Signature Portfolio Operations (TAMPA, FL) Senior Vice President of the Signature Portfolio will be responsible for overseeing the operations for all market rate properties. Role will ensure that each property is positioned for successful lease-up and stabilized operations and maintains the standards required of all Richman Signature properties, while maximizing the performance of each property to achieve their highest possible financial goals. (Sponsored Job)

FREDDIE MAC Multifamily Underwriting Sr. (NEW YORK, NY) Senior Underwriter will be responsible for credit quality of loan production and underwriting for a particular territory, group of customers and/or product type. In addition, position will evaluate proposed loans for credit risk, negotiate, and obtain deal approvals, and oversee the preparation and issuing of commitments.

LEI (LLOWE ENTERPRISES INVESTMENT MANAGEMENT Real Estate Acquisitions Assistant Vice President (WASHINGTON, DC) Position will be responsible for providing a broad range of support for the firm’s commercial and multi-family real estate acquisitions team and development and asset management teams.  

GRAMERCY PROPERTY TRUST INC. Analyst, Asset Management (DALLAS, TX) Position will develop and maintain asset level investment models for owned and asset managed portfolios; periodically reevaluate existing assets using discounted cash flow and sales comparable analyses; and prepare memorandums and analysis on all value enhancement and development opportunities.

PNC PRI Portfolio Management Director (BALTIMORE, MD) PNC Realty Investors (PRI) manages the $4.5 billion NAV Building Investment Trust (BIT). In collaboration with the other disciplines within PRI, position will be responsible for developing the annual Strategic Plan for the BIT. Additional duties include cash management, attribution analysis, performance analysis, peer analysis and performance reporting.