Asset Management Associate

3 days ago


Washington, Washington, D.C., United States Spring11, LLC Full time

**About Newmark Group Inc.**

Newmark Group, Inc., a world leader in commercial real estate, provides comprehensive services and products tailored to each client.

The company has a global reach with market intelligence in both established and emerging property markets, offering superior service to clients across the industry spectrum.

With over 8,000 professionals across four continents, Newmark operates from approximately 170 offices worldwide.

To learn more, visit their official website or follow them on social media.

**Job Description:**
  • This role will be dedicated to Silverstein Capital Partners (SCP), the lending arm of Silverstein Properties Inc.
  • SCP provides financing for all major product types in growing urban markets throughout North America.
  • Leveraging over 50 years of real estate experience, SCP offers senior loans, bridge loans, subordinate loans, and rescue capital to borrowers on shovel-ready ground-up construction, heavy value-add repositioning, land, and inventory loans.

**Responsibilities:

  1. Support the Director of Operations in monitoring the assets of various components consisting of its Hotel, Condo, Retail, and Parking Garage.
  2. Coordinate with and/or manage various third parties including service providers, construction consultants, sales brokers, and leasing brokers amongst others.
  3. Manage the various capital needs of the project including active monitoring of the budgets on various capital projects.
  4. Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC, and renovation draw reviews.
  5. Provide SCP asset updates and ad-hoc analysis as requested.
  6. Update and/or help create credit committee presentation memos.
  7. Work collaboratively to achieve department and firm objectives.


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