New York Real Estate Journal

Mclean of GFI: Instrumental in providing new sources of capital

June 23, 2015 - Spotlight Content
Name: Jennifer Mclean Title: CFO Company Name: GFI Capital Resources Group Follow my company on Twitter @gficapitalres What year did you start your career in commercial real estate: 1992 What recent project or transaction are you most proud of? I was recently instrumental in providing new sources of capital which will allow the company to forge ahead on a path to growth with a focus on doubling the size of its real estate holdings over the course of the next year. What recent honor, achievement or recognition has meant the most to you and why? Awards: Real Estate Forums Metro Women of Influence (February 2015) * Most recently, Jennifer was named as an Executive Management Award Recipient for her role as CFO as SmartCEO magazine. The award recognizes the leadership and accomplishments of New York's management all-stars for their creative management vision, leadership philosophy, innovative strategy and undeniable work ethic. * Jennifer was also featured in the 2014 New York Real Estate Journal's 'Women in Real Estate' spotlight, highlighting the Commercial Real Estate industry's most successful female professionals. This recognition celebrates the invaluable contributors Jennifer and her counterparts have made to the industry, in their pioneering roles as top leaders. Achievements * Expanding our real estate holdings based on new sources of capital. * Implementing a formalized program for investor relations including both National and International investors. * Working with CEO Allen Gross to achieve $500 million in development activity for GFI's development affiliate, most notably the development of a new lifestyle hotel at 252 Schermerhorn Street in the Boreum Hill section of Brooklyn, as well as the development of the new Beekman hotel in Manhattans financial district. * The implementation of several technology related initiatives including moving some platforms to the cloud, and enhancing the Company's operational platform reducing overall IT spend by 30 %. * Streamlining processes and realigning roles/responsibilities amongst existing members of the GFI Management Services, INC. team. This has resulted in management affiliate's bottom-line cash flow increasing by 500 percent in 2014, making it profitable, scalable and positioned for future growth. * The implementation of a new talent management program, on-boarding process, employee referral and employee development program; resulting in a 25 % reduction in GFI's turnover rate. * The creation of a third-party management program including creating the role of a business development manager designed to increase the number of units under the Company's management by 25% * The introduction of a new internship program for GFI Management Services, which is currently being implemented at seven universities and three colleges across the United States. The program gives participants exposure to various areas of property management, leasing, field operations and cost accounting. She has also implemented a scholarship program designed to support students pursuing careers in property management, construction and development. * The development of a program to formalize GFI's troubled asset review and restructure process. In doing this, GFI has been able to successfully transition four non-performing assets to a higher level of profitability by increasing investor returns by 25%. What has been your experience with having a mentor or being a mentor yourself? When you reach a certain point in your career, it is your responsibility to mentor younger talent. This is one of the reasons we launched our internship and talent management programs.