Asset Manager – Commercial/Residential
Jan. 12
Job summary
This position is responsible as the “owner’s representative” for the support of the Director of Asset Management who oversees a portfolio of acquired and developed commercial and residential properties. The Asset Manager will collaborate with other internal departments and executives to successfully execute the property level business plans.
Responsibilities
- Support the management of a 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 reviews, investor, and ad hoc reports
- Review property valuations
- Coordinate with development team 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 budgets
- Create and execute business plans
- Monitor and benchmark performance of property management teams
- Conduct interviews of high-profile property level positions
- 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 with attorneys on general legal issues, contracts, litigation, etc.
- Assist with support functions: accounting, insurance, reserves, real estate taxes, etc.
- Coordinate debt management: refinance, lender information, loan compliance and debt strategy
- Perform property 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
- 1 year plus experience in asset management or real estate Finance with direct exposure to office, multifamily and/or mixed-use product types. Exposure to hotels and other product types a plus.
- Exposure to development and construction methods
- An ability to communicate efficiently and concisely on salient points
- Knowledge of MS Word, Excel and Microsoft Outlook required, Argus and Yardi a plus