CHECK-OUT LANEFEBRUARY 2017
Annual Meeting Survey Results • Page 5
The Stars Align as PECO Takes Nashville
PECO TracksPage 1
Award WinnersPage 3
HR HubPage 7
Dept. DownloadPage 9
#PeopleofPECOPage 11
Woulda, coulda, shoulda worn heels...
Almost vacation time for Ryan!
Vuitton for the 20-year veteran.
If you don’t have a picture of Fred doing something silly,
did Annual Meeting even happen?
ANNUAL MEETING EDITION
LOOK AT ALL THESE
PEARLY WHITES
Wild Wild Nashville!1
If you don’t have a picture of Fred doing something silly,
did Annual Meeting even happen?
Willie Nelson and Duck Dynasty had a baby and named him
Gary Nelson Bailey.
There’s nothing like seeing your name in lights!There’s nothing like seeing your name in lights!
CRAZY TOWN?
MORE LIKE CRAZY
FUN!
WHERE TO
NEXTYEAR?
What would Eric do without his PM Admin team?! 2
AWARD WINNERSFrom the Innovation Award to the Superhero Award, our associates were recognized for their incredible talents and contributions to PECO in 2016.
Congratulations to our 10-Year Service Award Winners!
Bob Edmonds Christine Agee Greg Riethman Kelly Kerby Kory Clay
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SUPERHERO AWARDBEN BURKHART
JAVON BEA
15 YEARS DAWN TROSTLE • ERIC RICHTER
KAREN RYAN • MARK ADDY
20 YEARS LAURARITTER
YOUEARNEDITAWARD
RAM AWARD
TOP PRODUCER AWARD
SCOTT FALONI
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Congratulations to our 10-Year Service Award Winners!
Kory Clay Mike Braswell Mike Payne Tracey Hall Vasili Lynhakis
TAE INNOVATION AWARDDANIELLE BRINDISI • ERIC RICHTER • ERIN MAJORS
PECO CULTURE AWARDCASSANDRA BURNHAM • COLBY LAVEDER
DAN WARD • LISA SOLLMANN
PROPERTY MANAGER OF THE YEARNIKKI DAVIDSON
VIEW MORE ANNUAL MEETING
PHOTOS ON PECONET!
DID YOU MAKE IT INTO ANY OF THEM?
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Not Pictured: Linda Rinaldo
We hope you’ve now recovered from the Annual Meeting! We had a fantastic event this year. Highlights included: fun evening events; a rocking after party; an engaging keynote speaker, Equalman; roundtables; networking; department videos; and even some celebrity sightings – Garth “Mark” Brooks, Willie “Bob” Nelson, Johnny “Devin” Cash and Blake “Edison” Shelton! Relive it all on the Annual Meeting page of PECONet which features photos, presentations and department videos.
We’d also like to thank everyone who took the time to share their feedback. Below are some highlights of the results. Based on your feedback, here is how we stack up in achieving
the five goals we set forth before Annual Meeting. By the end of Annual Meeting, our goals were for all associates to have:
• Obtained a clear understanding of the company’s performance and how they can help to accomplish the organization’s OGSMs (Objectives, Goals, Strategies and Measures). 70% of you told us we definitely met this objective. Bonus – we also finally have down what OGSM stands for! • Gained knowledge on how to better make decisions at all levels. 47% of you said we met this objective. The Learning Zone has great resources and training on decision making – read on to learn more.• Established three digital/
social media goals with their departments. 27% reported this objective was definitely met. We know this is a work in progress. Please reach out to the marketing team if you need help…and in the meantime, be sure to connect with PECO on Facebook, Twitter, LinkedIn and Instagram (shameless marketing plug)!• “Built connections” with three new associates as part of the company’s core values. 67% of you said we definitely met this objective. Maybe we need Cheri Bloss nametags for the other 33%!• Had fun. 91% of you reported you had fun! The rest of you either didn’t remember or didn’t have fun…
ANNUAL MEETING: RECAP & SURVEY RESULTS
BY THE NUMBERSYour opinion has an impact! We were pleased to see that scores improved over the last meeting in areas where we implemented your suggestions.
2016 2017
GEOGRAPHIC LOCATION
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BUS TRANSPORTATION PECO NOW NETWORKINGRECEPTION
WELCOME RECEPTION
Please contact Cherilyn Megill or Emily Kendall if you would like more information.
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TO POSE OR NOT TO POSE?Help Scott Adair pick his perfect headshot! Send your vote to communications@ phillipsedison.com.
1. Blue Steel
2. Semi-Happy Scott
3. Corporate Model
AWARDS CEREMONY AFTER PARTY GENERAL SESSION PRESENTATIONS
BREAKFAST ROUNDTABLES
Geographic Location Most respondents enjoyed Nashville but would like to have more opportunity to visit local attractions in the future.
Bus Transportation Bus riders this year liked having a pick-up location in Kentucky but requested more frequent restroom stops.
PECO NOW Networking Reception The larger space this year was well-received and participants enjoyed the topics.
Welcome Reception Respondents enjoyed the live music and suggested advertising the venue’s amenities, such as the museum and scavenger hunt, a bit more.
Awards Ceremony The beautiful venue and streamlined presentation with videos were both well-received.
After Party Many enojyed the band but others requested a venue for 2017 that offers more activities.
General Session Presentations Feedback from 2015 indicated a need for better time management of presentations. This year we rolled out the department videos which were very well-received.
Breakfast Roundtables Everyone appreciated being able to choose the topics this year but want more time in the future for this event. Table hosts would like the opportunity to visit other tables as well.
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THINK CROSS FUNCTIONALLY Enroll in the “Anatomy of a Deal” Live Class, 3/29/17 at 2:30 PM ET – 90 minutes Join us for a behind the scenes look at what goes into the decision to purchase a property. Led by the Transactions team.
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You watched the video at Annual Meeting showing associates struggling with the question, “What does BT@P stand for?” The answer: Business. Tools. At. PECO. Get it? Got it? Good!
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HR HUBTHE LEARNING ZONE
The Learning Zone is an incredible new tool brought to you by PECO U. It is a learning management system that offers a wide range of courses to support your professional growth and development. Courses include in-person OJLAs, interactive online courses that vary in length (some are only two minutes long!), podcasts, videos and more. It lets you set the pace for your learning and learn in a manner that best suits your learning style.
Access TLZ from PECONet by clicking on the banner in the left navigation bar. It’s SSO, so once you’re in, you can search for the title of the class. Check out what’s available to help us “Set the Stage” for PECO Primetime and meet the four objectives Jeff outlined at Annual Meeting.
MAKE GOOD DECISIONS “Decision Making Excellence” eLearning Course – 30 minutes Learn about the different types of decisions we make, how the human thinking process works and how to systematically make decisions using best practice tools.
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CONNECT YOURSELVES TO COMPANY GOALS Understand the terms that Jeff spoke about at the Annual Meeting that will help us reach PECO Primetime. “PECO Dictionary” - Browse the Glossary of PECO Terms
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DEVELOP GREAT LEADERS Register and launch the “Leading Voices with ULI” audio podcast series (each podcast is about 45 minutes, perfect for commuting!). The latest features Cincinnati’s own 3CDC.
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TECH TIPS
Included in BT@P is One Drive.
• OneDrive is a secure personal work space (think “P” drive) • OneDrive allows associates to work collaboratively on files• OneDrive allows access from anywhere
All new associates will be instructed to use OneDrive as their personal workspace, so in 2017, make it a resolution to try OneDrive as your personal workspace! Migrate your desktop files, your “My Document” files, your “P” drive files onto your OneDrive today. If you would like some more info or help with OneDrive, visit The Learning Zone for a list of virtual sessions.
Questions? Comments? Concerns?
Contact Cindi Koetzle for all
BT@P information and sources!
MARK YOUR CALENDARSEverything’s better together – so join your friends at an upcoming
Lunch ‘n Learn to learn more about The Learning Zone and take a
quick 30 minute course on Productivity & Time Management.
THE LEARNING ZONEPECO UNIVERSITY
When: March 24, 12 - 1 p.m.
Where: Conference Rooms 1A & 1B
NO “USE IT OR
LOSE IT”
COLLEGE RECRUITING
In February, we attended Miami University, University of Cincinnati, Ohio State University, Xavier University, and University of Wisconsin-Madison Career Fairs. We spoke with hundreds of students about our summer co-op/internship opportunities. Check out our ‘Day in the Life’ video at www.phillipsedison.com/careers-culture/college-recruiting to learn more about our co-op and internship program!
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Keith Rummer, SVP, Chief Human Resources Officer
513.746.2572
Emily LeFevre, HR Director
513.824.7114
Sandy Lambert, Human Resources Manager
513.746.2582
Leah Brown, Director of Compensation
513.619.5058
Danielle Brindisi, Recruiter
513.746.2614
Vicki Dalzelle, Director of Learning & Development
513.619.5053
Cindi Koetzle, Change Management Specialist
513.338.2771
Whitney Yarberry, Learning Designer
513.956.5654
YOUEARNEDIT UPDATE
On February 1st YEI released a new, sleek, updated design to their system. Log in and check it out! Contact Danielle Brindisi with any questions.
PECOU N I V E R S I T Y
Now’s the time to start planning how to cut your tax bill for 2017! Your 401(k) and Health Savings Account (HSA) are two of the best ways to take advantage of tax-savings while saving for retirement and paying for healthcare expenses!
PAYCHECKS & SAVINGS & TAXES, OH MY!
YOUR 401(K)
• Pre-tax contributions are tax-deferred. This means that you don’t pay taxes on the funds until you withdraw the money.
• The contribution limit in 2017 is $18,000.
• All contributions are made through payroll deduction – making it easy to save now! Your future self will thank you.
• You can change your 2017 401k contribution at any time by logging into your Empower account: https://participant.empower- retirement.com/participant/#/login
YOUR HSA PLAN PARTICIPATION
• If you’re enrolled in the PECO UHC health plan you can also reduce your 2017 tax bill by contributing to the related HSA to pay for qualified medical expenses.
• The annual contribution limit to HSAs for 2017 is $3,400 for individuals and $6,750 for families.
• Your contributions are withheld from payroll pre-tax, reducing your 2017 tax burden.
• The balance of an HSA can be carried over from year to year and will continue to grow tax-deferred.
NO “USE IT OR
LOSE IT”
Over 50? You are allowed an
extra $6,000 as a catch-up
contribution to your 401k
Over 55? You can contribute
an additional $1,000 in catch-
up contributions in your HSA
PECO UNIVERSITYSeveral books in the Learning Library also expand on the four objectives Jeff outlined at Annual Meeting. Here are a few great reads:
• Touch Points by Douglas R. Conant and Mette Norgaard• Hit the Ground Running by Jason Jennings• Seeing What Others Don’t by Gary Klein• The Science of Decision Making (DVD)
CEB MANAGER SUCCESS WORKSHOP SERIESNew sessions have been added for 2017 and some sessions from 2016 will be offered again. Sign up through The Learning Zone by selecting the CEB Manager Success Series. Next up is “Turning Around Poor Performance” on March 13-16. This session will help managers learn to diagnose performance issues, increase under-performers efforts, and create and fol-low up on an individual development plan.
OJLALive classes are being scheduled once again.
March will feature:Discover Your Listening Approach using DiSC, Anatomy of a Deal, and Communicating with Generations, Genders, and Cultures.
Check out the dates and times and sign up in The Learning Zone.
For help finding books and other PECO University
opportunities, contact Vicki Dalzelle.
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The 2015 Innovation Lab identified an opportunity for PECO which resulted in the creation of a Community Engagement Initiative. The Community Engagement Initiative was designed to expand and formalize the process of how PECO builds relationships with governmental agencies. A vital component of this initiative was the creation of a new position in 2016, the Vice President of Community Partnerships. Scott Adair was chosen to fill the role and lead the program.
The initiative’s goals in 2016 included the expansion of PECO’s relationships with community leaders across the country, as well as the procurement of financial incentives to help offset the cost of PECO’s capital projects across the portfolio.
After its first year, the Community Engagement Initiative made meaningful contact with over eighty municipalities and elected officials throughout the country. “Thirty five of those interactions included face-to-face and town hall visits with municipal partners where our shopping centers are located,” said Scott Adair.
Furthermore, in 2016 the Community Engagement Initiative secured public approval for over $600,000 in funding incentives, and executed over $400,000 by year end. “One particular accomplishment that I would like to highlight is the grant that we
received from the City of Ottumwa, Iowa,” said Scott, “The city gave PECO $300,000 in public grant dollars to offset our construction costs for a new Hobby Lobby that we brought to their community.”
To achieve the results in 2016, Scott said it took active support and participation from all PECO departments to make the initiative successful. “Our accomplishments last year demonstrate that the Innovation Lab properly identified a gap in our operational structure which needed to be filled. I would specifically like to extend my thanks to the Innovation Lab team, and also the Legal, Leasing, Property Management, Construction, Accounting, Marketing and Finance departments for their assistance. Without their efforts our successes last year would not have been possible.”
The Community Engagement Initiative will continue in 2017 with the same focus of strengthening government relationships and identifying public resources (and partners) to help offset operational costs at the properties.
Scott Adair came to work for PECO in 2011. He started in Property Management and works from the Salt Lake City office. When not working hard to secure public incentives for PECO, Scott spends his time with his family and friends, and locked away in his workshop engaged in his favorite hobby, blacksmithing.
DEPT. DOWNLOADIN THE SPOTLIGHT: COMMUNITY ENGAGEMENT INITIATIVE PROPERTY
ACQUISITIONS
2017EVERSON POINTE
DATE: January 4
FUND: PELP
LOCATION: Snellville, GA
ANCHOR: Kroger
VILLAGE SQUARE
DATE: January 24
FUND: PELP
LOCATION: Delafield, WI
ANCHOR: Pick ‘n Save
ATWATER MARKETPLACE
DATE: February 10
FUND: NTR I
LOCATION: Atwater, CA
ANCHOR: Save Mart Supermarkets
HERNDON PLACE
DATE: February 10
FUND: NTR II
LOCATION: Fresno, CA
ANCHOR: Save Mart Supermarkets
WINDMILL MARKETPLACE
DATE: Fenruary 10
FUND: NTR II
LOCATION: Clovis, CA
ANCHOR: Save Mart Supermarkets
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A PROPERTY MANAGEMENT TELL-ALLWHEN WATER BREAKS Region: WestPM: Rene Feder
Lake Oroville reached capacity which triggered the need for its backup spillway to help the dam reduce lake levels. The backup spillway hadn’t been used before and wasn’t up to the job. FAIL.
Sunday, February 12200,000 people
evacuated 9 counties due to the breach in the backup spillway structure. Many ended up at shopping centers like Sterling Pointe Plaza.
Heritage Oaks businesses shut down around 4 p.m. and did not reopen until Wednesday, February 15 when the mandatory evacuation was downgraded to voluntary evacuation.
February 17The crater in the main
spillway measured 40 feet
deep, 300 feet wide and 500 feet long.
As we were going to press…The volume of water
released is pushing into the rivers and reservoirs, triggering flood alerts that impact the following centers: North Point Landing and Village One Plaza (Modesto, CA), Central Valley Marketplace (Ceres, CA) and Red Maple Village (Tracy, CA).
The main roads which lead from Sacramento to many of our northern California centers are shut down due to flooding or weather related issues (landslides and train derailments).
Fortunately, our centers, other than evacuations and stand-by evacuation mode have not been impacted other than by falling trees due to ground saturation and landscape damage.
SNOW-MAGEDDEN Region: North
PM: Nina Regan
Storm Niko hammered the Northeast earlier this month. On February 9 Niko became a Nor’easter with snow falling at the rate of 2-3 inches per hour. Boston recorded blizzard conditions for more than four hours. At one time, visibility
dropped to a mere 1/16 of a mile.
Snow fall amounts:Hartford, CT – 15.5”Springfield, MA – 16”Boston, MA – 10.7”
OAK MILL PLAZARegion: North
PM: Kathy Jemilo
Current Project: LED Lighting UpgradeDetails: Spending approximately $67,000.00 for LED lights and netLiNK system; expecting a rebate from the utility company of approximately $8,000.00; estimated total cost of approximately $59,000.00 after rebate.
$7,200ELECTRIC SAVINGS
PER YEAR
$4,700MAINTENANCE SAVINGS
PER YEAR
$11,900TOTAL SAVINGS
PER YEAR
DAM
HOLY SNOW!
#PEOPLEOFPECO
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ON THE HORIZONStay tuned for more information about our Girls on the Run sponsorship and supporting the 5K race in May.
BABY ON BOARDInterested in supporting a PECO mom making the transition to and from maternity leave? Contact Emily Kendall for more details.
MARK YOUR CALENDARS
In honor of Women’s History Month, join us to celebrate female trailblazers and history makers at a fun, relaxing and informative event. Refreshments provided.
When: March 22, 4 - 6 p.m. Where: Conference Rooms 1A & 1B (CIN)
Interested in joining? Email Emily LeFevre for more information.
PECO COMMUNITY PARTNERSHIP
WE HOPE YOU JOIN US...First Quarter Event! Where: Matthew 25 Ministries When: March 15, 5 - 7 p.m.Look for more details in the weekly communications email and check out our page on the intranet. Family and friends are invited!After volunteering come join the team for some appetizers and
prizes. (Must be present to win.)
The Blood Drive is Back! Sign up for the blood drive at www.hoxworth.org/groups/northlake25 spots are available. One lucky donor will win a $25 gift card!
Save the Date for PCP! Second Quarter Event – 6/7/2017 (Annual Event - Half Day)Third Quarter Event – 9/16/2017 (Saturday)Fourth Quarter Event – 12/5/2017 (Afternoon)
PECO ASSOCIATES IN THE COMMUNITY
Are you involved with a charitable organization? If so please email
and let us know. We are compiling a list to go on the intranet so that associates can make connections.
CHARITABLEDONATIONS
Did you know that the PECO Community Partnership
committee has funds available for donations? If you are involved with a charitable event, send us
an email to see how we can help. Again that email is pecopartnership
@phillipsedison.com.
IN OTHER NEWS
3LIVES SAVED FROM ONEDONATION
900CALORIES BURNED WHILE DONATING
!A GREAT EXCUSE TO EAT STEAK TO RAISE IRON LEVELS
#PEOPLEOFPECO
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Last fall, the accounting group held a 6-week step challenge. As a group they walked over 15 million steps during that time. The top two individual steppers received an extra half day of PTO to use this year.
TOTAL STEPSLisa Jansen 513,040 Samantha Lux 578,765
The top two teams, Fast Five and Kool Keds, received PECO gear to wear and were invited to an escape room challenge event!
The 1st Annual PECO Atlanta Chili Cook-Off was held on Wednesday, January 25th.
THE WINNERS WERE:
1st Place - Cori Powell (She didn’t want to give up the entire recipe, but she did hint that it included summer sausage and ground beef)
2nd Place - Ryan Mitzel
3rd Place - Eric Penney & Ashley Casey tied.
Special thanks to judges John Malphurs, Kevin Young (Seyfarth Shaw), Tony Haslinger, and Fred Reynolds who all have very diverse tastes in chili and graciously sacrificed their stomachs to pick a winner. Pepto Bismol was not an event sponsor.
• Aaron Morris, his wife Katy and their daughter Naomi, welcomed Hannah Elizabeth Morris to their family on Monday, December 5th.• Cassie Vome got engaged to Rob Wietmarschen.• David Wik was promoted to Senior Vice President of Acquisitions.• Erik Taylor was promoted to Senior Underwriting Analyst.• Erin Majors took on the role of Regional VP of Portfolio Management to the Mid-Atlantic properties.• Katie Adamson-Saichek took on the role of Transactions Coordinator in SLC. • Marcus Donahue, his wife Ana and big brother Walter, welcomed Maria Elise Donahue to their family on October 28th. • Mike Conway took on the role of Vice President of National Accounts and Retention. • Nancy Fletcher and Will Dulle welcomed Kellan Joseph Dulle on October 21st. • Shaun Forde accepted the role of Senior Financial Analyst – Redevelopment.
TEAM NAME TOTAL STEPS
Between a Walk and a Hard Place 1,712,450
Holy Walkamolies 1,820,857
Good Thing We Work on the 4th Floor 1,500,594
Kool Keds 1,899,703
O-Shins 11 1,595,264
Pavement Crushers 1,499,066
Red Hot Chilli Steppers 1,320,114
Walking Warriors 1,655,563
Fast Five 2,008,426
Department Total 15,021,037
WALK IT OUT ATL CHILI COOK-OFF
SO MANY PUNS!
TEAM NEWS INTERESTED IN A NEW
ROLE OR WANT TO
REFER A FRIEND?
VISIT THE CAREERS &
CULTURE TAB ON
PHILLIPSEDISON.COM
WANT TO SEE YOUR
NAME IN PRINT?
SUBMIT YOUR
NEWS FOR OUR
NEXT ISSUE TO
COMMUNICATIONS@
PHILLIPSEDISON.COM
BY MARCH 20!
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#PEOPLEOFPECO
TOP LEFT TO BOTTOM RIGHT: Legal defi nitely rocked the “Erik Qualman” look in Nashville. • Not even the Bearcat can stay away from our cool Career Fair booth! • Candace Roth married Brad Gschwind on December 10. Good luck pronouncing her new last name. • Javon Bea got engaged to his girlfriend, Emily, in December.
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TOP LEFT TO BOTTOM RIGHT: Amanda Hofmeister and husband, Stefan, welcomed Stellan Eero Hofmeister to their family on February 10. • Sean Valerio and his wife, Rachel, welcomed Luca James Valerio to their family on January 18. • Don’t forget about the Blood Drive - who’s that O+ model in the front left... • Congratulations to Tony Haslinger, Cherilyn Megill and Eric Richter on their promotions! • A few accounting associates created masterpieces for a night out. • Co-ops spent the afternoon volunteering at Matthew 25 Ministries.
WE CRAFT THE PERFECT MIX
PHILLIPSEDISON.COM | 800.875.6585 | FOLLOW US
GROCERY FOCUSED. RETAILER CENTERED.Phillips Edison has formed a new team to track and discover emerging retail trends. This initiative allows us to identify new concepts and retailers and to find the perfect pairing to infuse into our existing merchandising mix. To learn more about this initiative and the team we’ve tapped to lead it, read our latest blog at PhillipsEdison.com/about/blogs.
Visit us at the Carolinas Conference & Deal Making, Booth #402. View leasing opportunities anytime at phillipsedison.com/carolinas.
PECO’S NEWEST
AD WILL RUN IN
THE MARCH ISSUE
OF SHOPPING
CENTERS TODAY
