Teresa Bailey-Weirich, RPA, FMA

Past

Vice President, Business Leader and Market Planner at Wachovia Bank
Vice President, Sr. Project and Asset Manager, Sunbelt Region, Corporate Real Estate at JPMorgan Chase Bank
Sr. Property and Facilities Manager at PM Realty Group

Vice President at Welcome W. Wilson Companies

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Education

Building Owners and Management Institute
University of Houston
Spring Woods

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Recommended

17 people have recommended Teresa

Connections

224 connections

Industry

Real Estate

Websites

Consider Hidden Costs - ABJ

Teresa Bailey-Weirich, RPA, FMA’s Summary

Objective

To leverage national, Best in Class business relationships to collaboratively offer proven skills and experience in strategic and tactical market planning, site acquisition/disposition, due diligence and feasibility, leasing and asset management. The offer is to enable clients to economically achieve a real advantage by optimizing processes, acquiring or selling assets, acquiring customers, deepening and retaining critical relationships, growing the business, mitigating risk, and maximizing profits.

Summary of Qualifications

- Recognized in the Western U.S. for commercial real estate consulting, asset management, project management, and retail strategic and market planning, including site selection with proven expertise and track record in retail banking market plans and site selection.
- Leadership and executive officer roles with large institutional banks such as Wachovia Bank and JPMorganChase Bank in the Corporate Real Estate and Market and Facilities Planning Groups, responsible for all facets of the asset/facilities management, strategic market planning, and retail site selection.
- Managed, brokered and consulted with Fortune 100 and 500 companies regarding multi-property, mixed use portfolio assets, property and project management dedicated to maximizing the value and operating performance of each property for clients including Prudential, MetLife, American General, JPMorganChase, Compass Bank, Lumberman's Investment Corporation, Bank of America, and the Irvine Corporation. Boutique clients included River Oaks Bank and Trust.
- Former Regional Manager, Senior Property and Facilities Manager for PM Realty Group, one of the nation’s leading providers of comprehensive real estate services to institutions, investors, corporations, real estate investment trusts, government agencies and healthcare providers.

Teresa Bailey-Weirich, RPA, FMA’s Specialties:

Business development; project management; asset management; strategic analysis; tactical planning and execution.

Teresa Bailey-Weirich, RPA, FMA’s Experience

Vice President, Business Leader and Market Planner

Wachovia Bank

(Banking industry)

July 2004 — July 2009 (5 years 1 month)

Wachovia Bank recruited me from JPMorganChase Bank (JPMC) in June, 2004. I started as a Strategic and Facilities Market Planner for Texas. To quote Guy Bodine, III, CEO of the Central Region for Wachovia Bank (2004 - 2009), "Those who weren't there would never believe it. Those who were there could never describe it!" Wachovia's Texas expansion from February 2004 to December 2008 resulted in 176 high performing de novo retail branches. In 2007 I was promoted to Business Leader for 9 states in the Central and Mid South regions, including Texas, Colorado, Kansas, Illinois, Missouri (Central), and Alabama, Mississippi, Tennessee, and the Florida Panhandle (Mid South).

Key Learnings: Wachovia Bank has a stellar, best in class team of professionals who were very skilled at market analysis and site selection. As a "real estate professional" crossing the threshold into the planning/consulting/analytical world, I embraced learning and having access to new GIS and analytical tools that clearly made my analysis and corresponding recommendations more thorough, accurate, and timely. The ability to understand the principles of retail location analysis as well as the GIS and other analytical methods required to actualize those principles were essential in my role at Wachovia. Using the combination of my retail and geographic knowledge as well as my business contacts allowed me to optimize Wachovia's convenience to customers in each market, and maximized Wachovia's distribution network relative to financial service competitors. High priority, highly desirable areas of interest often require the acquisition team to "create the opportunity", rather than rely on the "low hanging fruit."
Vice President, Sr. Project and Asset Manager, Sunbelt Region, Corporate Real Estate

JPMorgan Chase Bank

(Banking industry)

October 1998 — June 2004 (5 years 9 months)

David Senior, Director of Corporate Real Estate for Texas Commerce Bank (Texas), and later JPMorgan Chase (Western Half of the U.S.), recruited me in 1998 to join the TCB team as a project manager. I later became an asset/project manager with JPMC for Central Texas, Rio Grande Valley and El Paso.

Key Learnings: JPMC was yet another stellar company providing me with a tremendous opportunity to sharpen strategic and tactical skills in every facet of real estate. The transition from property management perspective (outside in) to a facilities perspective (inside out) required that I re-train my thinking based on the fact that the core business of the bank is banking, not real estate. However, best practices and industry benchmarks were utilized across a global footprint containing more than 120 million square feet. Interpersonal and communication skills were vital, as it was often the role of the AM/PM to coach/mentor, and/or guide the regional leadership in a different real estate direction. It was much easier to develop a trusting relationship in advance of those meetings when the message is contrary to what the client wants to hear. 360 performance reviews were consistently in the ninety-percentile of our team, department, and company-wide results.
Sr. Property and Facilities Manager

PM Realty Group

(Privately Held; Real Estate industry)

1988 — 1998 (10 years )

In my 11 plus years with PMRG, I managed and leased institutional real estate portfolios exceeding 2 million square feet for clients including Prudential, MetLife, American General, River Oaks Bank and Trust, Compass Bank, Texas Commerce Bank, Lumberman's Investment Corporation, Bank of America and Irvine Corporation. My roles ranged from property manager to Regional Portfolio Manager, and I actively managed real estate assets, corporate facilities, and consulted or participated on special projects, due diligence, feasibility, and risk assessment. I received the Regional Manager of the Year award in 1991.

Key Learnings: PMRG exposed me to sophisticated Fortune 100 and 500 institutional owners and their respective processes and requirements: timely reports, accurate information, better decision capabilities and improved performance. Working on a 30 day cancellable contract quickly teaches one to leverage every resource, set the bar high for your team and higher for yourself, and add value to your client by understanding its needs, preserving or increasing the portfolio's value by asset preservation and enhancement, and increasing the NOI. Industry professionalism and ethics were paramount, and I continued my real estate education by obtaining an RPA and FMA, becoming a certified BOMI instructor, and donating my fees back to BOMA Austin so that my staff and others in the industry could participate in professional development.
Vice President

Welcome W. Wilson Companies

(Real Estate industry)

January 1984 — March 1988 (4 years 3 months)

I joined the Welcome Wilson companies, which included a portfolio associated with James E. Lyon of River Oaks Bank and Trust, in January, 1984, armed with a college degree, strong work ethic, and the ability to type 90 wpm. In 1984, the National economy, and particularly Houston, was in the midst of a recession, and every industry, included real estate, were adversely affected. Under the mentoring and guidance of Welcome W. Wilson, Sr., Welcome Wilson, Jr., Jack Wilson, and Dennis Frost, I learned the fundamentals of the real estate brokerage and development. I obtained my broker's license and worked on numerous brokerage and development projects.

Key Learnings: the experience with the Wilson's was nothing short of phenomenal. I learned the fundamentals of real estate development and brokerage, true essence of team work, creative thinking, critical thinking, mediation, and hard, hard, work. It was the critical first step to launch my career of real estate.

Teresa Bailey-Weirich, RPA, FMA’s Education

Building Owners and Management Institute

RPA, FMA , 1996 — 1999
University of Houston

B.S. , Industrial Technology , 1977 — 1982

Dean's List, Junior and Senior Year.
Spring Woods

Additional Information

Teresa Bailey-Weirich, RPA, FMA’s Websites:

Consider Hidden Costs - ABJ

Teresa Bailey-Weirich, RPA, FMA’s Interests:

- Education, hiking, horseback riding, square foot organic gardening, and adventuresome cooking.

Teresa Bailey-Weirich, RPA, FMA’s Groups:

- Licensed Real Estate Broker, State of Texas (1988 to present)
- Member, CREW - Commercial Real Estate Women (Austin)
- Member, International Council of Shopping Centers
- Member, Building Owner's and Manager's Association; (President - 2000)
- Certified BOMI instructor for RPA/FMA classes
- Subject matter expert and contributing editor for BOMI course, Facilities Management and the Work Environment, 2003.
- Contributing writer, Austin Business Journal: "Consider Hidden Costs Before Committing to New Space," May 12, 2006