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Janet Forrest, MBA

Senior Auditor | Account Manager

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About 

Janet joined Chelepis in 1997 as a Senior Auditor and is an account manager of three long-term clients. She manages client relationships, reviews lease language, plans and executes lease audits of offices, warehouses and manufacturing facilities throughout the United States and Canada. To date, she has returned in excess of $26.7 million in negotiated savings to clients through Chelepis' Occupancy Cost Control Program. Her projects include supervising lease administration activities during client business acquisitions and migration projects; overseeing lease abstracting projects for client business acquisitions; and analysis of client acquisition properties to determine future action.

Before joining Chelepis, Janet worked as a financial analyst for a real estate appraisal firm and learned the industry serving as a commercial property management and real estate development and construction accountant. She worked on projects including the appeal of real estate tax assessments; designing bank loan workout programs; cost/benefit analyses of outsourcing building services (janitorial, landscaping, security and trash removal); rent projections based on retail sales;  recordkeeping for Resolution Trust Corporation contracts; and pricing of residential subdivision lots. She wrote articles analyzing the regional residential trends for an annual brochure distributed by her employer.

When not working, Janet volunteers weekly with the Overland Park Arboretum and Botanical Gardens, and enjoys gardening, needlework, traveling and bowling with friends.

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Education

Master of Business Administration – Rockhurst College

Bachelor of Science, Accounting - Kansas State University

Key Information

  • 36+ years of experience in real estate accounting and finance

  • Completed 5-day negotiation workshops through the Program of Instruction for Lawyers at Harvard Law School

  • Fluent in Spanish language

  • Member of the Chelepis team since 1997

 

  • Lease Migration Coordination- Coordinated efforts to abstract and migrate over 1,300 lease files into the client’s database while performing lease administration functions and effecting the payment of $9,900,000 of rents during the transition period.

 

  • Demographic Research- Researched residential planned communities, amenities and sales prices used as benchmarks to establish residential lot prices in a six-phase, 800-acre planned community situated on a suburban Jack Nicklaus golf course.

Project Information

Articles

What Negotiation Skills are Needed During the Lease Audit Process?

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Why Should my Real Estate Portfolio be Audited 

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What Does your Operating Expense Cap Language Really Mean?

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Audit Language: Audit Window

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Why Should my Real Estate Portfolio be Audited?

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