The Asset Manager works closely with senior-level executives in all aspects of the commercial real estate asset management process. She/He/They will be responsible for managing individual real estate investments within the Broad Street portfolio.
Essential Duties and Responsibilities
- Communicate key portfolio goals to the asset management, property management, and leasing teams
- Negotiate letters of intent and leases with key tenants in conjunction with the leasing team
- Review, analyze, comprehend, abstract, and interpret various types of real estate documents, including leases, rent rolls, budgets, operating statements, expense recovery reconciliations, loan agreements, and other information used in the underwriting process.
- Create evaluations of properties and sensitivity analyses.
- Strategize with co-workers and clients to generate creative alternatives.
Skills and Experience:
- A minimum of 3 years’ experience; 1-2 years’ experience of commercial real estate analysis
- Understanding of financial terms and principles necessary in real estate underwriting, including Discounted Cash Flow, IRR, NPV, Time Value of Money, Return on Equity, etc.
- Ability to comprehend, analyze and interpret various types of real estate documents, including leases, contracts, and financial statements.
- Fundamental understanding of key aspects of the lease process and leases and their impact on property performance. Experience negotiating with tenants is a plus.
- Highly developed verbal and written communication skills – ability to interact effectively and professionally with a wide variety of internal parties (managers, analysts, sales professionals, clients, etc).
- Close attention to detail and strong organizational skills; ability to multi-task in order to meet client deadlines.
- Proficient computer skills, particularly in Excel. Experience with ARGUS Enterprise, YARDI, and VTS is preferred, although not required.
Essential Qualities:
- A self-starter with excellent communications skills who relishes a leadership role in a lean, boutique firm.
- Demonstrated history of managing a team and coordinating amongst multi-disciplined teams or departments.
- Strong analytical skills, financial/math skills, and a keen sense of numbers
- Close attention to detail and strong organizational skills; ability to multi-task in order to meet deadlines.
- Exceptional time management skills and the ability to prioritize competing demands
- High level of integrity and ethics
- Encourages and practices critical thinking
- Is self-reflective and empathic
- Recognizes the influence of workplace relationships on outcomes and results
- Maintains a respectful and accepting approach to others
- Awareness of the influence of the larger context on individual behavior; possesses high EQ
- Collaboratively and creatively supports the work efforts of colleagues at all levels and in all areas of the company
Education:
Bachelor’s degree (BA/BS) from a four-year college or university required. Advanced degree preferred. Focus in Real Estate, Finance, Accounting, or Economics is a plus. An equivalent combination of education and experience will be considered.
Broad Street Realty is proud to be an Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities
NO CALLS. NO THIRD-PARTY RECRUITERS.