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Chief Operating Officer – Property Management
Mr. Hanrahan is primarily responsible for the strategic growth and oversight of the property management company, including direct supervision of the Property Management division of Redwood Capital Group’s residential platform.
For thirty years, he has worked in the real estate industry implementing strategic business plans aligned with owner objectives; oversight of third-party property managers, leasing staffs, and construction managers; direct property management of residential, office, and retail property types; while focusing on management fundamentals, resident and tenant relations, proactive communication, capital projects, expense savings, and the implementation of value add strategies.
Prior to joining Redwood Capital Group, Mr. Hanrahan worked for American Realty Advisors as a Senior Vice President of Asset Management where he oversaw a multi-million-dollar portfolio of multi-family assets which were part of the firm’s core and value-added separate accounts and/commingled funds. Mr. Hanrahan’s primary responsibilities included strategic planning; oversight of property operations; implementation of value add strategies; member of development team; supervision, training, and motivation of internal staff; financial and market analysis; due diligence; and client relations. Prior to American Realty Advisors, Mr. Hanrahan worked at Buckingham Companies, a development company, in charge of property management where he was responsible for 15,000 multi-family units located throughout the Midwest. At Buckingham Companies, Mr. Hanrahan oversaw the property management of 50 properties consisting of both multi-family and office building product types, while developing and implementing 80 property management key performance indicators transforming plant operations; value-add programs; and client relationship management. In addition to Mr. Hanrahan’s property management responsibilities, he was a key member of the organization’s business development and change management teams. Mr. Hanrahan also worked at RREEF, a pension fund advisory group owned by Deutsche Bank, as a Vice President in asset management where his responsibilities included the oversight of third-party managers, leasing staff, and construction managers; and continuous improvement initiatives. In addition to Mr. Hanrahan’s responsibilities he crafted RREEF’s National Purchasing Program and renovation programs.
Mr. Hanrahan graduated from DePaul University with a Bachelor of Arts Degree. In addition, he graduated from the University of Wisconsin – Madison with a Master’s in Business Administration; and is a Certified Property Manager (CPM®) and holds a Managing Brokers License in the State of Illinois.