VP/Director, Asset Management

Role Overview

• Develop and execute business plans across an evolving portfolio of real estate property investments, focusing on all aspects of value creation including the marketing, leasing, operation, and disposition of assets.
• Review and analyze monthly financial results of properties. Identify issues with operating partners and/or property managers and oversee implementation of solutions.
• Perform financial modeling including lease underwriting, property valuations, and hold/sell analyses.
• Maximize cash flow and property values through effective revenue management and achievement of operating expense efficiencies.
• Lead regular meetings with property managers and operating partners to review leasing performance, operating results, and market conditions.
• Prepare annual reforecast, changes to the investment strategy and lead budget review process for each asset.
• Assemble and review economic, demographic, and other market information for each asset area, as needed, including recent sales and leasing data.
• Monitor performance and sales of competitive properties.
• Develop and maintain relationships with leasing and investment sales brokers and other local experts to monitor market conditions.
• Prepare necessary internal memorandums regarding key decisions or initiatives to be presented to Investment Committee for approval.
• Work closely with and manage operating and development partners pursuant to the terms of applicable joint venture agreements.
• Oversee the execution of significant construction and redevelopment projects to achieve on-budget and on-schedule completion.
• Assess on-site property conditions, evaluating leasing and operating performance and personnel.
• Other duties as assigned.

Requirements

• Bachelor’s Degree required. MBA or other advanced degree a plus.
• Minimum eight years of relevant real estate experience working primarily in an asset management capacity.
• Experience asset managing multiple asset types with an emphasis on rental apartment communities and commercial office buildings.
• Outstanding interpersonal and communication skills, both oral and written.
• Experienced with the commercial leasing process including broker selection and oversight, marketing of space, and lease negotiation.
• Confidence and maturity to represent Harrison Street externally in all matters pertaining to an asset.
• Experienced with the property sales process including broker selection and oversight, asset marketing, buyer selection, legal documentation, and closing.
• Strategic perspective and strong problem-solving orientation; candidates must have been involved in developing strategies for investments and possess strong execution capabilities.
• Excellent financial and analytical skills; significant experience with financial modeling.
• Excellent computer skills with proficiency in Excel and Argus required.
• The position requires relatively periodic travel to property locations totaling approximately 20-30% of overall time.
• Displays a positive, can-do attitude and professional manner, exhibiting respectfulness and behavior consistent with the company’s core values.
• Shows outstanding judgment with the ability to identify the relevant questions and important issues when assessing a situation.
• Has the ability to interact and communicate effectively up, down and across the organization.
• Provides strong leadership and operates effectively in a collaborative environment by serving as a valuable influencer as well as a team player.
• Shows the ability to work both independently and collegially in teams.
• Demonstrates self-motivation with the ability to multi-task and prioritize multiple projects in varying stages.
• Has experience motivating and managing teams while under pressure.
• Displays a proactive approach in solutions and problem solving.
• Focuses on efficiency and effectiveness.

Benefits

• Health insurance
• Retirement plans
• Paid time off
• Flexible work arrangements