Current Positions

Industry
Commercial

Salary
$150-175K

Location
New York City

Senior Asset Manager

SENIOR ASSET MANAGEMENT

A privately held developer, manager, and owner of commercial real estate with four decades of experience within all asset classes. Currently owns and manages a portfolio of properties in the retail, multifamily, net lease, and garage and office sectors, in addition to land parcels held for future development. Since inception, there has been a disciplined investment approach which has produced a successful track record investing and developing commercial real estate throughout the United States.

KEY RESPONSIBILITIES
  • Responsible for the asset management of a portfolio of real estate assets, with a particular focus on retail shopping centers and other commercial asset classes.
  • Continuously evaluate performance of the portfolio and develop property specific plans

to ensure that the portfolio’s operations are being maximized.

  • Implement short, intermediate and long-term strategies, designed to sustain or improve the value of the portfolio to maximize short-term distributable cash flow and increase long-term economic value.
  • Monitor performance on a “hands on” basis, visit assets as frequently as required in order to be fully aware of and effectively oversee property performance.
  • Maintain a thorough understanding of all factors affecting markets and submarkets associated with assets in the portfolio.
  • Develop a working knowledge of leases, loan documents and other agreements for general responsibilities.
  • Communicate frequently with the asset’s property managers to understand property

operations, tenant matters and anticipated budget deviations.

  • Interface with loan servicers and ensure loan
  • Report on performance, budget variances and significant changes in market and property conditions.
  • Prepare property business plans, operating and capital
  • Review and critique operating statements, annual marketing plans and annual capital plans among other regular and special reports.
  • Analyze and monitor capital improvement and renovation programs, as required, for property maintenance, competitive positioning or market re-positioning.
  • Assure owner funded projects are completed on time and within budget in cooperation with in-house resources and third party Owner funded projects may include comprehensive property renovations, expansions, and property repositioning.
  • Communicate continually with the senior members of the firm to apprise appropriate individuals on issues/decisions impacting assets.
  • Monitor lease administration, tenant renewals, and operational requirements. Interface with tenant representatives as necessary.
  • Participate in company and department-wide initiatives that may include evaluation (due diligence) of properties for acquisition or disposition among other recurring and non-recurring events.
KEY ATTRIBUTES/EXPERIENCE
  • Minimum of seven to ten years of relevant real estate asset management experience with particular focus on retail and other commercial asset classes.
  • Substantial experience with equity investments as a principal, across all property types in multiple geographic regions, with a particular focus on retail.
  • Ability to create and implement asset repositioning strategies and manage execution of
  • In-depth understanding of property operations and
  • Experience bidding and overseeing construction projects for both asset and tenant improvement projects.
  • Strong valuation, due diligence, and real estate financial analysis
  • Market analysis skills to support decisions concerning rent rates, capital improvement programs, leasing strategies and property repositioning.
  • Superior oral and written communication skills, strong presentation, and process management skills.
  • Strong work Ability to multi-task, problem solve, and work independently with minimal guidance.
  • Well-organized. Strong administrative
  • Fluent in Yardi, ARGUS and
  • Appropriate educational credentials

Only qualified candidates will be considered.
Please submit Resume in A WORD DOCUMENT [email protected]
Please let us know if you are available on Zoom, Skype and or FaceTime.
Please no phone calls.