Our client, a leading Real Estate Investment firm is seeking a Director of Asset Management to oversee the operational performance of the company’s properties while executing value-add strategies and overseeing the daily operational performance of the portfolio. This is an excellent company to work for, with an impressive portfolio and great leadership.
Responsibilities:
- Engage third-party brokers, negotiate agreements and monitor performance of brokers in commercial leasing.
- Review and analyze active LOIs and conduct lease negotiations with tenants.
- Conduct market studies and execute leasing strategy
- Monitor and maintain the appearance of vacant spaces
- Monitor tenant compliance with leases
- Prepare lease, loan, master lease and/or condominium abstracts.
- Financial modeling of existing investments; create, maintain and update existing investment models.
- Perform buy/sell and refinance analyses for existing investments.
- Review and analyze property budgets.
- Review tenant billings of base rent and additional rent.
- Perform variance analysis of financial reports.
- Monitor accounts receivable, coordinate collections and respond to any delinquencies in accordance with established policies.
- Draft investor letters and manage reporting for lenders and investors.
- Administer loan covenants and manage drawdown of loan reserves.
- Interface with lenders for approvals, new loans and refinances.
- Interface with property managers and third parties
- Manage tenant relationships and respond to tenant inquiries and correspondence.
- Prepare documents to affect tax certiorari for each property
- Regularly visit properties and conduct on-site inspections.
- Work with property managers to bid and oversee operational contracts repair, maintenance, and capital improvements.
- Assist with disposition and acquisition due diligence as required.
REQUIRMENTS:
- 5-10 years commercial real estate experience
- Proficient in Microsoft Excel; Argus
- Ability to multi-task and work in a high energy, team-oriented environment
- Strong verbal and written communication skills
- Strong interpersonal/tenant relations skills
- Ability to review and analyze financial reports
- Must be organized, detail-oriented and analytical
