Director – Real Estate Asset Management

Director – Real Estate Asset Management

Requirements

• A minimum of 7 years of relevant real estate equity and/or debt asset management, commercial real estate transactions, or other similar real estate investment experience overall.
• Proficiency in ARGUS Enterprise, Excel, and MS Office Suite products required.
• General knowledge of fundamentals of various Real Estate asset sectors and associated demand drivers is required (including apartments, industrial, office, retail assets) and strong knowledge regarding a variety of major US geographic markets and trends is required, including experience with assets in urban, inner ring and suburban locations.
• Strong understanding of real estate financial statements for property-level reporting, borrower financials, and tenant credit review. Real Estate Accounting experience/exposure a plus.
• Able to thrive in a fast-paced and deadline-driven environment and balance multiple competing priorities; strong work ethic.
• Strong interpersonal and teamwork skills required. Strong written and verbal communication skills are required, able and willing to travel within the U.S. up to ~20% of the time.
• A Bachelor’s degree or equivalent work experience is required; an advanced degree is a plus.

Responsibilities

• The Real Estate Asset Manager will be the primary person responsible for the performance and investment management for an assigned group of real estate debt and equity assets. Property types in the portfolio generally include multifamily, industrial, office, retail, and self-storage.
• The candidate will maintain an asset management focus toward delivering the best potential asset performance, while managing risk to an accepted strategic level.
• Debt asset management work will include tracking loan performance, analyzing key risk metrics on commercial mortgage loan assets, valuing debt collateral, performing risk ratings for loans and other tasks. Loans include fixed and floating rate debt structures. The Asset Manager will also promptly address borrower requests and review any potential loan modifications.
• Overall responsibilities will also include the management, risk evaluation, and review of construction loan draws.
• For Equity assets, the candidate will be responsible for managing the Joint Venture partner relationships, understanding (and applying) our legal rights and obligations, and managing any third-party debt held on these assets.
• Equity asset work will also include performing asset valuations and summaries, analyzing and managing annual budgets, and overseeing construction/renovation projects. The Asset Manager will work with the JV partner and/or Property Management firm to monitor rent rolls and lease expirations, review tenant credit, track operating expenses, and oversee capital expenditures.
• Provide expedient answers, updates and thoughtful service for internal and external clients as related to managed assets as needed.
• As a member of the Asset Management team, provide input on market trends based on asset experience and research, work collaboratively with other members of Private Real Estate to share ideas and best practices, and assist in any department-wide special projects as needed.
• Work collaboratively with other team members, both within our team and throughout the firm. The candidate will be a hard-working, efficient, self-directed worker that enjoys working with a great team and supports our positive culture.

Preferred Qualifications

• Experience with at least two or more of the following: Debt assets (loans) and/or familiarity with loan documents (either as lender or borrower), Construction loans and/or equity real estate development assets strongly preferred, RE assets representing all major property types (multifamily, industrial, office and retail), Joint venture structures/documents and managing JV relationships, property management relationships, and management of third-party debt on equity assets is a plus, Common area & apartment unit renovation programs.
• General exposure to US industry firms including NCREIF, MBA, NMHC, IREM, ICSC, others is a plus.