Asset Manager – Commercial/Residential

Job summary

Reporting to the Director of Asset Management, this position will be responsible as the “Owner’s Representative” for the oversight of an assigned portfolio of acquired and developed commercial and residential properties. The asset manager will collaborate with other internal departments and investors to successfully execute the property-level business plans.

Responsibilities

 

  • Manage assigned portfolio consisting of medium- to high-intensity assets
  • Focus on maximizing investor returns benchmarked to pro forma
  • Direct leasing activities: negotiate and execute retail or office leases and renewals
  • Oversee dispositions
  • Prepare and review quarterly portfolio review, investor and ad hoc reports
  • review property valuations
  • Coordinate with development on new projects and redevelopment opportunities
  • Review and provide input for annual budgets & 10-year capital plans, monthly forecasts and quarterly projections
  • Coordinate with property management on marketing strategy and adherence to property-level business plan
  • Create and execute business plans
  • Review monthly property performance relative to budget and pro forma
  • Support acquisitions with due diligence needs
  • Oversee property lifecycle functions inception thru exit: new project integration, redevelopment, value creation, capital improvements, etc.
  • Coordinate property support functions: accounting, insurance, reserves, real estate taxes, etc.
  • Collaborate with finance: refinance, lender information, loan compliance and debt strategy
  • Perform site inspections and reviews of physical condition
  • Support Yardi reporting and assist with special projects

 

Qualifications
  • BA/BS degree in accounting, economics, finance or related field. MBA or graduate degree in finance or real estate a plus
  • 5 years-plus experience in asset management or real estate finance with direct exposure to office, multifamily and mixed-use product types.  Exposure to hotels and other product types a plus.
  • Exposure to development and construction methods
  • Knowledge of MS Word, Excel and Microsoft Outlook required, Argus and Yardi a plus
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