Job Description

Key Responsibilities:

1.Asset Management and Strategy:

·Develop tailored strategic plans for commercial properties to enhance asset value and maximize investment returns for our clients.

·Conduct market and property analysis to identify trends, opportunities, and areas for improvement within the portfolio.

·Create and implement asset-level business plans, including strategies for leasing, capital improvements, and asset disposition.

·Monitor asset performance, identify potential risks, and recommend adjustments as necessary to align with client objectives.

2.Financial Management:

·Review annual property budgets, including revenue projections and expense monitoring.

·Analyze financial statements, cash flow, and work with property management teams to ensure accurate reporting for each asset.

·Collaborate with the property management and accounting team to ensure compliance with internal accounting practices and external regulations.

3.Leasing and Tenant Relations:

·Work closely with leasing agents and property managers to develop and implement leasing strategies aimed at maintaining optimal occupancy and rental income.

·Work closely with property managers to negotiate lease terms and renewals, ensuring alignment with market conditions and business goals.

4.Capital Improvement and Maintenance:

·Oversee the planning and execution of capital improvement projects, and work with property management team to ensure they are completed on schedule and within budget.

·Coordinate with property management teams to maintain property standards and address maintenance issues promptly.

·Review and negotiate contracts, prioritizing cost efficiency and quality.

5.Compliance and Risk Management:

·Ensure that all assets comply with local, state, and federal regulations, including safety and environmental standards.

·Manage insurance policies and claims, addressing risk management proactively.

·Conduct regular compliance audits and risk assessments.

6.Team Leadership and Development:

·Assist with recruitment, training, and mentoring of property management team.

·Conduct performance evaluations and create professional development plans.

·Promote a culture of accountability, service excellence, and continuous improvement.

Qualifications:

·Education: Bachelor’s degree in Real Estate, Finance, Business Administration, or related field. Master’s degree preferred.

·Experience: Minimum of 10 years in commercial real estate asset management or property management.

Skills:

oStrong financial analysis and strategic planning abilities.

oProficiency in Excel and commercial property management software (e.g., Appfolio, Yardi, MRI).

oExcellent communication, negotiation, and problem-solving skills.

·Certifications: CCIM and/or CPM (Certified Property Manager) preferred. California Real Estate Salesperson License required.

Work Environment: This position involves a combination of office work and on-site property visits, with occasional travel as required. The Real Estate Asset Manager will work closely with property management teams and external partners to achieve organizational goals.

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