Kathy Anderson Named One of the Best Bosses in the Business – GlobeSt.com
The Leadership Issue | Cover Story: Best Bosses in the Business
Original article on GlobeSt.com
How easy is it to identify a “best boss” anyway? We at Real Estate Forum had the experience of finding that out as we shifted through numerous nomination forms that contained shining examples of leadership from colleagues, employees and team members. Surprisingly, it was a hard decision to make. We say ‘surprisingly’ because statistically speaking, best bosses—or put another way, good leaders—are hard to come by. For instance, only 14% of CEOs have the leadership talent to execute on their strategy, according to one survey. The effect this lack of leadership talent has on a company and its workers cannot be overstated. According to another estimate, there is a 50% difference in the impact that a top performing leader has compared with an average performing one.
Perhaps it is different in the commercial real estate space. Perhaps the rigor needed to navigate our industry and the ease at which it is possible to fail intuitively attracts the best of the best. To borrow from a well known expression, if you can make it in CRE you can make it anywhere.
What is perhaps most astounding about the leaders you will read about in the following pages is the way they make it seem so easy. Juggling multibillion dollar books of business, implementing vision statements and strategic goals and they still always seem to know the name of even the lowliest employee in the office. Smarts, intuition, honor, skill and charisma.
Progress Capital is a commercial mortgage banking firm that has successfully closed in excess of $40 billion in commercial loans and directly funded more than $150 million since 1990. Some of that success is thanks to Kathy Anderson, founder and managing partner of the firm. Anderson has more than 25 years of banking and finance lending experience under her belt. Her proficiency in originating and underwriting commercial loans with regional banks, insurance companies and investment banking firms has earned her recognition within the industry.
Highly regarded by both her clients and lending sources, Anderson serves on the board at Regal Bank, which is headquartered in Livingston, NJ, and has often been retained as an expert legal witness in commercial real estate litigation. She is also frequently featured as a speaker at industry conferences. On more than one occasion, clients have referred to Anderson as “The Miracle Worker” because she has a way of bringing dead, unviable business deals to fruition. According to one colleague, she built a successful business out of nothing.
Lilly Preziose, marketing coordinator at the firm, says that in addition to being personable and easy to relate to, Anderson has always shown to be considerate to the feelings and emotions of others. “She speaks to you as a person first and a boss second.
She also goes the extra mile, says another colleague. Vice president Brit Zamoyta notes that Anderson has a proven track record and says that her ability to close opportunities with long lasting clients as well as managing the lines of business for the firm is a task only the founder or president can accomplish. “She is a great leader and provides support to all staff when needed. Kathy is the kind of boss every employee aspires to have.”