Commercial Property Portfolio Manager
1 week ago
Company Overview
BH Properties is a leading commercial real estate investment firm focused on value-add acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States.
The company has a 31-year track-record and balance sheet that enables it to move quickly and creatively in structuring acquisitions to satisfy seller needs in a highly competitive market.
BH Properties owns and operates approximately 10M square feet across 18 states, with offices in multiple locations.
Job Description
The Senior Asset Manager will be responsible for a portfolio of Company owned assets throughout the greater Pacific Northwest, as well as participating in future acquisitions the Company may consider.
This role requires operational experience in managing retail and office properties, along with representing the Company in a 'front facing' role within the community.
Main Responsibilities
- Maximize total return through implementing operational efficiencies and identifying value-add and revenue enhancement strategies.
- Work closely with third-party property managers, leasing agents, brokers, consultants, and attorneys to provide direction for, and oversight of, business plans, annual budgets, lease analysis, and approvals.
- Participate in scaling the organization to accommodate growth.
- Negotiate new leases and renewals both in-house and through third-party leasing brokers.
- Perform routine property inspections to ensure property and vacant suites are show-ready.
- Maintain and expand relationships with existing tenants and develop relationships with new prospective tenants.
- Prepare monthly, quarterly, and annual portfolio reporting for review by the company's senior management team.
- Negotiate third-party contracts and oversee implementation of capital improvement and 'value-add' projects.
- Work with the financial analyst staff to perform valuations on a quarterly and annual basis.
- Manage capital improvement strategies and processes, including oversight of construction management activities.
- Perform ad-hoc analysis of potential issues while developing strategies to manage conflicts.
- Monitor regional economic and investment trends to identify changes that could impact real estate values and strategy.
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