Director of Asset Management

1 month ago


Doral, Florida, United States The Related Group Full time
Job Title: Director of Asset Management

The Related Group is seeking a seasoned Director of Asset Management to oversee a diverse portfolio of mixed-use real estate assets. This role will work closely with the COO, Director Finance, and property operations team to actively increase the long-term value of the assets.

Key Responsibilities:
  • Maintain accurate models for assigned assets, updating them with new leases and adjusting market assumptions and valuation parameters as needed.
  • Collaborate closely with Property Management teams to ensure assets meet acquisition proforma objectives, business plan elements, and investor goals.
  • Manage capital improvements and assist with annual budgeting.
  • Develop action plans for under-performing assets to improve performance promptly.
  • Identify opportunities for operational efficiencies to increase revenue or reduce expenses.
  • Manage lease renewal strategy to meet or exceed proforma goals, considering local market conditions.
  • Monitor financial results and collaborate with Property Management to enhance asset value, cash flow, and profitability.
  • Ensure quarterly and annual cash distribution targets to investors are achieved, making recommendations as necessary.
  • Produce quarterly investor communications and conduct regular site visits to assess operations, leasing, and property conditions.
  • Participate in marketing and leasing calls, analyzing lease transactions and their impact on asset value.
Requirements:
  • Bachelor's Degree preferably in Real Estate, Business, Finance, or Accounting.
  • 5+ years of professional work experience in directly managing commercial and residential real estate assets.
  • Strong attention to detail.
  • Advanced understanding of real estate principles and concepts.
  • Excellent written and verbal communication, collaboration, and relationship building skills.
  • Experience in developing visualizations and related reporting using a variety of tools and technologies.
  • Experience with MS Office required and advanced understanding and proficiency with Excel.
Benefits:
  • Competitive compensation and performance-based bonuses.
  • 100% employer-paid life and disability insurance.
  • Employer Matching 401k.
  • Upward mobility and opportunities for professional development.
  • Employee engagement and wellness programs.
  • Company-paid vacation, sick, personal, and holiday time.


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