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:

o Strong financial analysis and strategic planning abilities.

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

o Excellent 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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