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Commercial Real Estate Asset Manager
4 months ago
Asset Manager for retail commercial properties located in Texas, predominantly in the Houston area.
This position requires:
- Substantial work experience in retail commercial property management;
- Financial acumen;
- Knowledge of real estate and contract law; and
- Exceptional communication skills.
Formal education with a concentration specifically in commercial real estate, business or finance is preferred.
Our small, boutique real estate investment and development company offers a collegial work environment. At the same time, our conservative investment philosophy provides a stable, steadily growing enterprise where professionals earn practical experience. Opportunities for growth are substantial.
The asset manager's duties will include:
- Manage overall physical and financial health and performance of company real estate
assets, reporting individual and collective asset performance quarterly. - Manage significant capital repair and improvement projects for stabilized real estate.
- Direct RFP processes for multi-property vendor contracts.
- Manage property and liability insurance.
- Manage property tax protest process for real estate portfolio.
- Oversee annual NNN reconciliation process.
- Manage tenant rental delinquencies within approved parameters.
- Develop annual budgets for portfolio assets and perform semi-annual assessments of operating costs to facilitate decision-making regarding Q3 and Q4 expenditures.
- Interface with tenants regarding concerns that are escalated above a property management level.
- Interface with local government agencies concerning permitting, regulatory changes, code enforcement, condemnation, and related issues.
- Perform property management duties when necessary due to company workload or property manager absence.
- Supervise other staff and independent contractors.
Compensation includes:
- Base salary, typically with annual bonuses.
- 401k with employer match up to 5% of salary.
- Health insurance.
- Reimbursement for professional training, education and licenses.
- Paid time off and company holidays.
- Opportunity to earn equity by investing on a preferred basis in company-affiliated real estate funds.
Qualified applicants please submit resume and salary requirements.
Company DescriptionA boutique retail real estate investment and development company. We own, manage, lease, and develop primarily retail commercial real estate.Company DescriptionA boutique retail real estate investment and development company. We own, manage, lease, and develop primarily retail commercial real estate.