Tammy Babb
Chattanooga,TN
Summary
Self-motivated, highly organized real estate professional with a proven track record of managing numerous projects simultaneously to successful completion. Collaborative communicator focused on establishing and maintaining supportive rapport with clients and coworkers. Exemplify the highest level of personal integrity and professional judgment while working in a collaborative, collegial and respectful manner. Proficient user of MediTract, Apex, SharePoint, Yardi, AvidXchange, Procore, DocuSign, Angus, Microsoft Office Suite, Google Workspace and Trane Connect.
Overview
22
22
years of professional experience
Work History
Division Real Estate Transaction Manager
Southeast, CommonSpirit Health, CHI Memorial
01.2022 - Current
- Responsible for independently running real estate transactions within Southeast Division’s ambulatory (4M+ square feet) and non ambulatory portfolio (8.6M+ square feet)
- Partner with property/asset management peers and collaborate to develop short and long-term real estate strategies in support of company growth plans and operational efficiency
- Complete/negotiate all types of real estate transactions, including new leases (both income and expense), renewals, terminations, acquisitions, dispositions, licenses and easements
- Review and analyze financial statements, rent rolls, operating expenses, proformas, NPV’s etc
- Manage deal-closing process
- Gather information to complete business plans and strategic growth plans to facilitate contract approvals
- Review RFP’s
- LOI’s in coordination with outside brokers
- Work with internal attorneys and outside counsel on transactional activities
- Participate in and maintain processes to continually improve organizational effectiveness
- Collaborate in development and updating of department policy and procedures
- Produced savings to system of over $500k during fiscal year 2023
- Completed over 90 renewals of expense and income leases in fiscal year 2023
- Negotiated 3 build-to-suit deals with favorable results for markets and system.
Senior Contracts and Property Manager
Johnson Development, LLC
05.2018 - 01.2022
- Oversee operations and contract management, planning and financial performance of portfolio consisting of medical office facilities in Tennessee and Texas.
- Establish and implement business development and retention strategies
- Provide training and mentorship to facility staff
- Review and evaluate performance data to identify opportunities for cost savings, develop request for proposals, review bids, engage contractors, and manage complex projects
- Negotiate contract terms, draft contracts and other agreements adhering to organizational and regulatory policies
- Responsible for ensuring policy and procedural compliance, fostering employee development, and participating in development and execution of Johnson’s strategic initiatives
- Created and managed annual operating and CAPX budgets
- Decreased operating expenses 15% by renegotiating contracts and service agreements, vendor invoices and requesting bids for all operating expense contracts
- Performed monthly accrual and variance reporting.
Senior Manager
LifePoint Health
10.2012 - 05.2018
- Responsible for supporting company’s affiliated hospitals, facilities and corporate departments on matters related to real estate, with a heavy focus on leasing compliance, but also including acquisitions, dispositions, development, and related matters
- Oversaw, reviewed, and edited real estate documents prepared by property manager vendor (including lease proposals, leases, licenses, amendments, floor plans, assignments, and related documents)
- Tracked and monitored same to ensure compliance with company policy, procedures, and governmental laws, using company’s electronic database
- Ordered and reviewed fair market value (FMV) appraisals (rent rates and purchase/sale price), reviewed and approved vendor invoices, ensuring accuracy in accordance with vendor contract
- Participated, as needed, in acquisitions and divestitures, including assisting with on boarding of new acquisitions and reviewing and/or compiling due diligence materials for divestitures
- Monitored, audited, and reviewed leasing activities, rent rolls, building vacancies, vendor activities, and other real estate matters, as well as vendor reports
- Prepared and distributed reports to supervisor, affiliated hospitals and facilities, and co-workers to communicate volume, trends, and issues
- Assisted affiliated hospitals and facilities, as well as corporate departments, with questions related to various real estate matters, including leasing arrangements, purchases, sales, company’s contract approval process, FMV guidelines, services provided by third-party property manager, and real estate policies and procedures
- Supported real estate attorneys and tax department in the process of identifying properties for divestiture
- Assisted with the real estate onboarding of the company’s largest acquisition from letter of intent to closing.
Lease Administrator | Broker | Paralegal
Luken Holdings, Inc. and Corker Group
03.2001 - 10.2012
- Managed leasing operations including lease administration, contract management and leasing activities
- Introduced systems and process improvements and guided cross-functional teams to develop and execute business plans and administer budgets that promoted organizational objectives
- Analyzed legal documents, negotiated terms, and drafted all lease/real estate documents
- Coordinated tenant build outs and supervised bid meetings to ensure compliance with government and organizational regulations
- Closed 100+ new leases totaling over $6.5M in revenue across retail, office, and medical portfolios
- Renewed terms for over 500 leases, including expansions and relocations
- Negotiated terms for expansion and renewal of Chattanooga VA Clinic with GSA contracting
- Negotiated and leased over 42K square feet of space for use as a dialysis clinic
- Analyzed tenant financials and business plans to determine credit worthiness, recommending legal action and collaborating with counsel when necessary.
Education
Bachelor of Science - Organizational Leadership
Bethel University
Mckenzie, TNAssociate of Science - Paralegal Studies
Chattanooga State Community College
Chattanooga, TNSkills
- Portfolio & Asset Management
- Contract Administration
- Lease Administration
- Procurement & Negotiation
- Budgeting Expertise
- System and Process Improvement
- Tenant Relations
- Real Estate Practices
- Lease Negotiation
- Stark and Anti-kickback law experience
Additional Information
- Approved by the American Bar Association Professional State of Tennessee Real Estate License #300154, Broker Licensures State of Tennessee, Notary Public
Timeline
Division Real Estate Transaction Manager
Southeast, CommonSpirit Health, CHI Memorial
01.2022 - Current
Senior Contracts and Property Manager
Johnson Development, LLC
05.2018 - 01.2022
Senior Manager
LifePoint Health
10.2012 - 05.2018
Lease Administrator | Broker | Paralegal
Luken Holdings, Inc. and Corker Group
03.2001 - 10.2012
Bachelor of Science - Organizational Leadership
Bethel University
Associate of Science - Paralegal Studies
Chattanooga State Community College
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