New York Real Estate Journal

Matthew Kilty, Trinity Building + Construction Mgmt. Corp.

December 23, 2013 - Spotlight Content
What was your greatest professional accomplishment in 2013? Rededicating time to myself and to my family has helped me think more clearly and put me in a better position to lead our organization. Growing during the economic downturn did not come without pain. Shifting efforts to maintain top line growth caused me to lose some focus and at times I spent energy on the wrong things. To regain focus, I realized I needed to do myself what I've preached to our employees for years; proper work-life balance. I am now dedicating time to my individual health and development which has yielded positive results both personally and professionally. What was your most notable project, deal or transaction in 2013? It would be unfair to call out one notable project when we are so proud of all the projects we completed in 2013. However, there is one internal initiative that I'm most proud of in 2013 and that is the makeover and re-launch of our core values. We were updating our strategic plan and we all realized that we needed to be more concise about who we are. I was proud to release them at our fall company meeting. What are your predictions for commercial real estate in 2014? This not rocket science; 30 years of falling interest rates will end. I believe the Fed will slowly raise interest rates which I believe will open the marketplace for the next tier of lenders that have lost market share to institutional money in the capital markets. Spreads may fall a bit for lenders and the cost of borrowing may go up for borrowers, but because loan to value percentages are increasing, as they have for the last 2 years, the net effect will be more activity. What are your resolutions for 2014? Personally: to lose 10lbs, coach a spring sport for my kids and join my brother in a Spartan Beast Race. Professionally: to improve communication across the board, extend my external focus and delegate more internal functions.