• Managed the day-to-day real estate operations of a large NYC hospital system. Management of entire corporate owned and leased portfolios, including acting as in-house real estate broker (currently licensed in NYS), providing owner’s representation and broker/landlord negotiations relating to leased property, supervision of the production of rent rolls, tax filings, and abatements.

• Provided policies and procedures for the tracking of and corrective measures for facility violations management.

• Managing Director for The Staubach Company, NY., NY / 2004 and 2005 - Managed the account of NYS OGS, administering the leasing activities of New York State in New York City.

• Managed the operation and coordinated the subdivision and sale of a 24-acre, 4-tax-lot, 14-building hospital campus; net proceeds forecast at $25M+.

• Coordinated real estate activities including supporting the lease negotiations and sale of a school of nursing operating in two boroughs of New York City.

• Coordinated equipment sales and real estate assignments for the sale of five medical clinics in Brooklyn and Queens.

• In 2007 awarded and since completed a two-year contract to provide site administration for a 22-acre, 14-building medical campus housing an endoscopy suite, a 72-bed neurobehavioral rehabilitation services wing, a psychiatric residential neighborhood, and a school of nursing.

• Coordinated a facility Life Safety Survey and Corrective Measure Implementation Plan for a 500,000-SF medical campus.

• Coordinated The Joint Commission (TJC) readiness for the life safety and facilities aspects of a 7-acre, 7-building medical campus.

• Managed the audit of contracting procedures and cancellation of contracts, including the re-scoping of work and scope clarifications, resulting in a net savings of over $500,000 at Saint Vincent’s Catholic Medical Centers.

• Hudson Valley Property Manager for the Edgewater Companies (’91 –’96), managing $100M in facility assets including the decanting of 1,000,000 square feet of IBM occupancies.

• Director of Facilities for Healthcare Associates, managing 16 nursing homes with $100M annual revenue and responsible for 10-year capital plans for all locations.

• Provided coordination for the staffing ramp-up, working capital loans, and grand opening of Northeast Center for Special care – $41M facility with 500 employees and 280 long-term neurobehavioral rehab residents.

• Secured $9.1M in working capital loans, Kingston, NY, using a Housing Investment Trust, SONYMA, and local development corporations (KLDC and KNEC).

• Audited, provided corrective leasing measures, and managed property portfolio for Kingston Regional Healthcare System (healthcare corporation with $75M+ annual revenue); President of KRHC Properties, Inc.

• Provided primary project development and community liaison services for the development of a $41,094,000 healthcare center – Northeast Center for Special Care, Lake Katrine, NY.

• Provided primary project administration for the development of a $90,000,000 retirement community, including management of site acquisition and corporate coordination of related local approvals.

• Provided development support services for NYS Department of Health Certificate of Need (CON) approval of $30M+ neurobehavioral rehabilitation center via renovation to existing nursing home.

• Provided general coordination of various essential components of real estate sales or construction relating to problematic or complex transactions including: release of contractor liens, eviction of tenants, and close-out of facility violation escrow accounts.

• Provided subdivision analysis and oversight for completion of special use permits, Phase I and Phase II environmental studies, environmental assessment forms, land use applications, and zoning and tax lot subdivision applications.

• Contracting of archeological studies and other Landmarks Preservation Commission (LPC) directives and owner representation with regard to findings including tracking of excavation protocols and providing assurance of completion. This work includes appearances at City of New York (NYC) Dept. of Buildings, NYC Dept. of Finance, and NYC planning departments as well as coordination of all of the above contracted services.

• Provided real estate development services including, but not limited to, solicitation and review of appraisals, solicitation of and negotiation for the retention of real estate brokers, lawyers, architects, engineers, and construction managers and contractors.

• Retention of surveyors, engineers, and land use planners necessary to facilitate master plans, utility relocations, road and utility easements, and subdivisions necessary to best position the client for property sale and or redevelopment.

• Provided New York State Department of Health Certificate of Need (CON) support services including management of the Certificate of Need process, architectural services, financing, and cost certification.

• Provided development services for Hudson Valley projects including a 180,000-square-foot insurance claims processing facility for a Fortune 500 Company.

• Owner’s representative for 1M SF commercial office space and community liaison for IBM Kingston closure.

• Community leader in handling IBM plant closure, including teaming with city planners to apply for and receive inclusion in NYS Economic Development Zones.

• Past Vice Chairman, Junior Achievement of Hudson Valley.

• Past Board Chairman, Ulster County Development Corp.

• Past President, Ulster County Development Corp., including general management of the Ulster County Industrial Development Agency.

• Past Board Member, Ulster County Workforce Development Board.

• Past Board Member, Key Bank Hudson Valley Community Board.

• Past Vice Chairman, SUNY Ulster Foundation Board.

• Residential and small-scale commercial construction in Dutchess County, NY 1984–1990.

• Large scale commercial construction management experience, 1990–1994. This included extensive exposure to operations, policy, and procedures development.

• Responsible for system-wide capital budgets ($10M) and policies and procedures at healthcare firm, 1996–2000.

• Timely and successful project management of $41M construction project, Kingston, NY, 1998–1999.

• Responsible for lease build-out, construction, and audit of hospital construction projects, Hudson Valley healthcare system, 2001–2004.

• Construction of $1.2M health spa renovation in Woodstock, NY, 2003.

• Managed the day-to-day real estate support services for a $300M+ bankruptcy emergence.

• Provided senior management with sales, leasing, title, and violations clearance support services during a three-day, $230M+ real estate closing.

• Initiated corrective measures within historical real estate transactions of more than $1M+.

• Completed real estate lease rejections for three sites and 19,500 RSF, saving client $1.9M in lease rental exposure.

• Negotiated lease terminations for 107,000 RSF, saving client $4.2M in lease rental exposure.

• Terminated and assigned leases totaling 161,000 RSF, saving client $16M in lease rental exposure.

• Renewed 98,000 RSF.

• Provided Board support for approval of assumed leases during bankruptcy – 68,000 RSF.

• Provided closing support for property sales of $49.2M in Brooklyn, Queens, and Staten Island.

• Provided asset sales administration in the amount of $213,000.

• Provided for over $200,000 in revenue generation via lease reconciliations, back-charges, security deposits, and reconciliation of additional rents.

Lorraine Salmon is a licensed New York State Real Estate Broker.  Many of her commissions and fees have been in the form of consulting fees and/or conducted within the responsibilities assigned to Lorraine in the senior real estate positions she has held over the last two decades.  Some of these include:

• Sale of 209,00 SF facility in Lake Katrine, NY - $ 7,100,000
• Sale of Manufacturing Facility, Stewart Airport, Newburgh, NY - $ 5,000,000
• Development of Manufacturing Facility, Kingston, NY - $ 6,100,000
• Development of Traumatic Brain Injury Rehabilitation Center - $41,097,000
• Securitization of Working Capital Loans - $ 7,000,000
• Sale of 22,000 SF Community Facility, SI, NY - $ 1,600,000
• Sale of Development Parcel - $11,000,000
• Sale of 7 acre Development Site - $ 7,600,000