Lynette L. DeRose – Regional Controller, Chicago – Ms. DeRose has been a Controller for TPG Systems – Chicago, since February 2001. She has extensive experience with budgeting, forecasting, financial planning and analysis, financial accounting, and all general accounting functions. She ensures monthly, quarterly and annual billings are compliant with lease terms for over 200 tenants, including communications with tenant management to resolve any lease interpretation differences; and analyzing occupancy costs for the leasing department to assist with lease renewals and rent reduction requests. She assures prompt rent collection, tenant screening, disbursement of payables, and eviction and legal services for total property revenues of $20 million at full occupancy. She coordinates property appraisals, annual audits and tax return filings as well as investor communications. She has also assisted with RET protests over multiple years. Additionally, she has assisted the General Partner with the refinance of three (3) properties, including creating four (4) new single purpose entities, resulting in new financing of over $30 million. She has also worked with each lender to ensure compliance with each mortgage’s specific terms. She was also heavily involved with handling a troubled mortgage, including a $6 million insurance claim and a $20 million mortgage default.
Ms. DeRose graduated from Calvin College, in Grand Rapids, MI in 1995 with a B. S. in Accounting. She became a CPA in August 1998. She worked for a technology services firm from 1996 to 2001 as Senior Accounting Manager before joining TPG Systems.