Real Estate Asset Manager

2 weeks ago

Wilmington DE United States Keller Augusta Full time

Company Overview:

Our client, a rapidly growing company, knows that our success begins and ends with our people. Through the efforts of our associates and guided by our values, we transform the communities we serve, striving to exceed the expectations of our tenants, residents and clients. Formed in 1993, our client is a privately held, full-service real estate acquisition, development and management company with offices and properties in Washington DC, Wilmington, DE, Philadelphia, PA, and Baltimore, MD.


Position Overview:

The Asset Manager will be responsible for the day-to-day financial asset management of a three million square foot portfolio of office properties located in the Philadelphia MSA (with a concentration in the Wilmington, DE market. The Asset Manager will maximize the value of assigned assets through the coordination and implementation of near-term and long-term property business plans and strategies. The candidate will oversee all financial matters for the portfolio including cash management, lease analysis, budgets, capital improvement projects, and investor correspondence.


Responsibilities:

  • Assume day-to day asset management related responsibilities working directly with members of senior management, finance, accounting, leasing, operations, legal and construction teams.
  • Establish one point of contact for asset information, oversight, and decision-making, with the support of senior management.
  • Enhance/implement process for tracking asset performance and providing institutional level reporting to the investors on a quarterly and annual basis.
  • Primary contact for communication/approvals with lenders and equity partners, as required.
  • Analyze and provide recommendations on investment and operational decisions such as lease negotiations, property capitalization strategies, property sales strategies, and capital improvement programs.
  • Implement strategies to maximize the financial performance of the assigned assets.
  • Coordinate, approve and present annual property budgets and forecasts.
  • Monitor overall performance of assigned assets against established goals and approved budgets.
  • Complete financial analyses of prospective leasing deals, maintain property Argus files and coordinate lease administration communication flows on assigned assets.
  • Complete annual mark-to-market valuation of the portfolio to determine buy/sell/hold recommendation and forecast investor returns.


Operations:

  • Work with property managers and responsible parties on:
  • Preparation of annual budgets and business plans for each asset and pool of assets.
  • Expense analysis relating to real estate tax appeals, energy conservation, insurance, cleaning, security, etc.
  • Establish property capital needs and corresponding costs, and evaluate the impact to cash flows/shortfalls. Oversee implementation and necessary funding.
  • Work with accounting team to track funding/completion of capital expenditures and tenant improvement projects.
  • Analyze Monthly/Annual Budget vs. Actual individual property and portfolio results:
  • Track positive or negative trends and potential issues
  • Oversee waterfalls and distributions to investors.
  • Continually monitor rollover exposure for effects on value.
  • Reinforce lines of communication between property management and senior management to facilitate respective responsibilities, current processes and contribute/assist where possible.
  • Create and maintain annual distribution budgets and track quarterly distributions and provide detailed explanation of variance as applicable.


Commercial Leasing:

  • Communication with in-house Leasing Managers and agents- attend weekly in-house leasing meetings, as well as periodical third party leasing agent meetings.
  • In conjunction with in-house leasing team:
  • Establish financial leasing guidelines (term, rate, TIs, LCs) and ensure that prospective lease deals are in-line with projections/underwriting.
  • Establish leasing assumptions for annual budgets.
  • Review/Analyze lease proposals with Excel or Argus to understand effect on value.
  • Continued oversight of lease approvals and the process.
  • Directly communicate with lenders and equity partners if lease approval is required.
  • Ensure proposed lease approvals or rejections occur in a timely fashion.
  • Maintain general knowledge of local market conditions and competition.


Acquisitions/Dispositions/Financing:

  • Partner with Capital Markets team on the refinancing and recapitalization of assets with the support of the finance team.
  • Track assets and sub-portfolios looking for disposition and financing opportunities.
  • Prepare Hold/Sell Analysis.
  • Lead efforts with Capital Markets team on loan/partnership restructurings.


Reporting:

  • Work with Operations/Accounting to provide a roll-up of monthly financial results for the portfolio.
  • Prepare investor reporting and detail performance/trends/highlights.
  • Monitor assets with current/potential risk issues.
  • Prepare Hold/Sell Analysis - provide guidance for assets on potential dispositions or other significant capital events.
  • Prepare Annual Business Plans.
  • Maintain portfolio debt schedule and monitor loan expirations in order to manage upcoming maturities and mitigate financing-related risks.
  • Lead investor calls and meetings.
  • Provide financial support for company semi-annual board meetings.


Valuations:

  • Prepare annual mark-to-market asset valuations for possible dispositions/refinancing/capital infusion decisions.
  • Provide summary of market valuations - assumptions; period-to-period comparisons
  • Point of contact for communication to any third-party appraisers, providing required information and reviewing draft appraisals.


Qualifications:

  • Asset Management experience in office and multi-family product in the greater Philadelphia market preferred.
  • Currently living in Philadelphia MSA preferred.
  • Strong quantitative skills and financial analysis experience.
  • Excellent financial and analytic skills and be demonstrated proficiency with financial modeling. Ability to use Excel spreadsheets and Argus to perform return analysis of potential deals/investments. Knowledge of real estate valuation principles and techniques, as they relate to acquisition, renovation, disposition, and financing of real estate assets would be helpful.
  • Excellent attention to detail.
  • Reasoning Ability: Define problems, collect data, establish facts, and draw valid conclusions.
  • Communication Skills: Proven written, verbal, and interpersonal communication skills.
  • Proficiency in ARGUS, MS Word, Excel, and database applications.
  • Ability to work successfully as an individual and on a team.
  • Experience interacting with lenders and institutional equity investors preferred.
  • Expertise in transaction analysis and transaction negotiation/documentation. Proven effective negotiation skills.


Requirements:

  • Bachelor’s degree in finance, business administration or other related field required.
  • Minimum 5-7 years real estate experience.
  • Requires prolonged sitting or standing.
  • Requires frequent operation of office equipment, such as a computer, copy machine, telephone, etc.
  • Occasional stretching and / or bending to access file cabinets, office equipment, etc.
  • Occasional standing and walking required.

  • Real Estate Asset Manager

    2 weeks ago

    Wilmington, United States Keller Augusta Full time

    Company Overview:Our client, a rapidly growing company, knows that our success begins and ends with our people. Through the efforts of our associates and guided by our values, we transform the communities we serve, striving to exceed the expectations of our tenants, residents and clients. Formed in 1993, our client is a privately held, full-service real...

  • Real Estate Asset Manager

    2 weeks ago

    wilmington, United States Keller Augusta Full time

    Company Overview:Our client, a rapidly growing company, knows that our success begins and ends with our people. Through the efforts of our associates and guided by our values, we transform the communities we serve, striving to exceed the expectations of our tenants, residents and clients. Formed in 1993, our client is a privately held, full-service real...

  • Real Estate Asset Manager

    2 weeks ago

    wilmington, United States Keller Augusta Full time

    Company Overview:Our client, a rapidly growing company, knows that our success begins and ends with our people. Through the efforts of our associates and guided by our values, we transform the communities we serve, striving to exceed the expectations of our tenants, residents and clients. Formed in 1993, our client is a privately held, full-service real...

  • Real Estate Asset Manager

    2 weeks ago

    Miami, FL, United States MFM Search LLC Full time

    My client acquires and manages real estate properties with a focus on both near-term income generation and long-term value creation. They currently have an an immediate opening for an Asset Manager to join their dynamic real estate team. This role will have oversight and management of various multifamily real estate investments with the overall goal of...

  • Commercial Real Estate Asset Manager

    2 months ago

    Wilmington, United States Keller Augusta Full time

    Company Overview: Our client., a rapidly growing company, knows that our success begins and ends with our people. Through the efforts of our associates and guided by our values, we transform the communities we serve, striving to exceed the expectations of our tenants, residents and clients. Formed in 1993, our client is a privately held, full-service real...

  • Commercial Real Estate Asset Manager

    1 month ago

    wilmington, United States Keller Augusta Full time

    Company Overview: Our client., a rapidly growing company, knows that our success begins and ends with our people. Through the efforts of our associates and guided by our values, we transform the communities we serve, striving to exceed the expectations of our tenants, residents and clients. Formed in 1993, our client is a privately held, full-service real...

  • Real Estate Asset Manager

    2 weeks ago

    Silver Spring, MD, United States Banneker Ventures, LLC Full time

    About Banneker Ventures Banneker Ventures is a dynamic and fast-growing real estate development and construction firm dedicated to building vibrant, sustainable communities throughout the Washington, DC metropolitan area. With a reputation for excellence in both development and construction, Banneker is expanding its operations to include a dedicated Asset...

  • Associate Director, Asset Management

    2 weeks ago

    San Diego, CA, United States Longfellow Real Estate Partners Full time

    Company Background:Longfellow Real Estate Partners is a vertically integrated real estate company dedicated to investing in the rapidly growing and highly specialized life sciences sector. Our institutional capabilities and market expertise enable us to deliver superior risk-adjusted returns for our investors while building collaborative, long-term...

  • Real Estate Transaction Coordinator

    4 weeks ago

    , TN, United States The Anderson Group Real Estate Full time

    The Anderson Group Real Estate is seeking a highly organized and detail-oriented Listing Coordinator to join our sales team. As a Listing Coordinator, you will be responsible for overseeing all aspects of seller transactions, preparing listing information, and managing MLS listings and social media postings. Your responsibilities will include coordinating...

  • Asset Manager, Commercial Real Estate Lending

    2 weeks ago

    Boston, MA, United States UC Funds Full time

    ** ONLY EMAIL CAREERS@UCFUNDS.COM with resume.Job Description:UC Funds, a fast-paced boutique private equity real estate firm located in Boston, is looking for a talented Asset Manager to join their team. This individual will be responsible for the management of a portfolio of Real Estate assets and loans throughout the country. Job...

  • Real Estate Services Appraiser

    4 weeks ago

    Wilmington, DE, United States Wilmington Savings Fund Society Full time

    Job DescriptionAt WSFS Bank, we empower our Associates to grow their careers, we guide our customers to secure their financial futures, and we actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, opportunities to advance, and more. We are the premiere, locally...

  • Director - Asset Management

    2 weeks ago

    Nashville, TN, United States Balboa Real Estate Partners Full time

    Firm: Family office backed, real estate development partnership focused primarily on multifamily and student housing projects across the US. The firm’s current portfolio comprises approximately 2,000 apartment units and 2 million square feet of industrial space.Location: Nashville or Provo, UT.Role: The Director will be primarily responsible for...

  • Real Estate Sales Representative

    4 weeks ago

    , MN, United States The Chad Schwendeman Real Estate Group Full time

    We are seeking a highly motivated and ambitious Sales Agent to join our team at The Chad Schwendeman Real Estate Group. As a Sales Agent, you will play a crucial role in helping our clients find and buy their dream homes. Our team is dedicated to providing exceptional service and support to our agents, ensuring their success in the competitive real estate...

  • Special Assets Analyst

    2 weeks ago

    Hicksville, NY, United States Flagstar Bank Full time

    Pay range: 112 - 140K JOB SUMMARY The Special Assets Analyst supports the Special Assets team with day-to-day management of Classified C&I and commercial real estate/multifamily loans and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Officers while supporting efforts to preserve principal and prevent...

  • Special Assets Analyst

    7 hours ago

    Hicksville, NY, United States Flagstar Bank Full time

    Pay range: 112 - 140K JOB SUMMARY The Special Assets Analyst supports the Special Assets team with day-to-day management of Classified C&I and commercial real estate/multifamily loans and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Officers while supporting efforts to preserve principal and prevent...

  • Experienced Real Estate Professionals Wanted for High-Performance Team

    4 weeks ago

    , NC, United States High Performance Real Estate Advisors Full time

    We are High Performance Real Estate Advisors (HPREA), a top-performing real estate team in the Keller Williams Ballantyne Area office, serving the Greater Charlotte Area.**Job Summary:**We are seeking a skilled and motivated Lead Agent to join our team. As a Lead Agent, you will be responsible for assisting multiple seller/buyer clients at a time, building...

  • Real Estate Services Appraiser

    3 weeks ago

    Wilmington, United States Wilmington Savings Fund Society Full time

    Job DescriptionAt WSFS Bank, we empower our Associates to grow their careers, we guide our customers to secure their financial futures, and we actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, opportunities to advance, and more. We are the premiere, locally...

  • Real Estate Acquisitions Specialist

    1 month ago

    Wilmington, Delaware, United States Giving Tree Realty Full time

    Job OverviewWe are seeking a highly skilled Real Estate Acquisitions Sales Analyst to join our team at Giving Tree Realty. As a key member of our acquisitions team, you will be responsible for identifying and acquiring new real estate opportunities, building strong relationships with clients and prospects, and ensuring a smooth transaction process. The ideal...

  • Real Estate Services Appraiser

    2 months ago

    Wilmington, United States Wilmington Savings Fund Society Full time

    Job DescriptionAt WSFS Bank, we empower our Associates to grow their careers, we guide our customers to secure their financial futures, and we actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, opportunities to advance, and more. We are the premiere, locally...

  • Real Estate Investment Associate

    2 weeks ago

    New York, NY, United States Coda Search│Staffing Full time

    We are currently partnered with a $12B Global Real Estate Platform looking to bring on a Real Estate Investment Associate to join their team in NYC. The specializes in both equity and debt investments across commercial real estate markets globally, with a diversified portfolio that includes office, industrial, multifamily, and retail properties.The Real...