Our SelectLeader's client has been active in the commercial real estate business for over 35 years. They have established a reputation as a premier owner, operator, and developer of office and mixed-use projects throughout the Southeast and Southwest United States. For over 35 years, they have acquired and managed over 165 properties, totaling 55 million square feet, and representing $7.0 billion invested.
The Asset Management role will be involved in the oversight and strategy implementation within the existing portfolio, the handling of dispositions, working through internal and external property valuations and completing various internal and external reports. Activities include strategic investment decision making, loan surveillance and investment performance reporting. This position will be responsible for overseeing the asset management function for a Class A office property portfolio in the South Florida region.
Essential Responsibilities
- Prepare and complete annual business plans and asset management initiatives
- Supervise and coordinate external professional teams (including General Managers, Property Managers, leasing agents, communication agencies, lawyers, project managers, etc.)
- Supervise and coordinate the preparation of quarterly reporting to investors, along with analysis and explanation of variancesInterface with internal business partners including accounting, valuation, appraisal, real estate equity, risk management and law
- Assist in data collection of quarterly/annual property valuation process
- Rely on real estate industry best practices and excellent problem-solving skills to collaborate with diverse stakeholder groups
- Responsible for oversight of property management, construction, leasing, and marketing in the pursuit of business plan objectives for assigned assets
- Contribute to asset dispositions, acquisitions, and development activities as required
- Develop and implement goals and objectives for assigned assets in alignment with business plan objectives
- Prepare individual property business plans incorporating asset level goals and approve the operating budgets on an annual basis
- Maintain involvement in the review and recommendation process of assets to maximize the highest return to the owner
- Establish and maintain relationships with clients, tenants, the brokerage community, appraisers, attorneys, and industry peers on an as needed basis
- Negotiate property level agreements, such as leases, amendments, listing agreements, property management agreements within approved guidelines, authority level and/or corporate policies
- Prepare and present both oral and written operating reports
- Other duties as assigned
Qualifications
- Bachelor’s Degree in business, finance, real estate, or related discipline
- Minimum 5-7 years’ experience in commercial real estate asset management, with a focus on office
- Advanced skill and thorough understanding of real estate operations, including property/project management, leasing and marketing
- Previous experience in negotiating lease contracts with tenants
- Ability to read, analyze, and interpret common business and technical journals, financial reports, market studies, annual operating budgets, appraisals, hold/sell analyses, and legal contracts
- General knowledge of accounting practices including GAAP & IFRS for real estate reporting and related audit practices
- Proficient in Microsoft Office applications (Excel, Word, Outlook, and PowerPoint)Prior experience with oversight of construction and capital projects
- Prior experience in negotiating loan financing arrangements with lenders
- Required lender reporting experience is preferred
- Good knowledge of local market norms concerning tenant improvement allowances, PSF lease rates, and customary lease terms
- General understanding of construction as it pertains to repositioning and modernizing assets for value creation (work in conjunction with construction/development specialists with strong technical knowledge)
- Excellent business and social communication skills, both oral and written
- Highly organized, detail oriented and comfortable working with minimal supervision.
- Understanding in terms of tenant mix & performance, and operations
- Superior financial, analytical, and modeling skills
- Strong communication and negotiation skills
- Good team player contributing to the success of overall enterprise
- Self-starter able to work in a decentralized corporate environment
- Strong working knowledge of Argus is preferred
- Periodic travel will be required based on business necessity
- Successful completion of a background screening
Benefit Overview:
- Competitive benefits package, including:
- Unlimited vacation, summer Fridays, and 9 company holidaysCompany-paid life and disability insurance
- Company-subsidized medical, dental, and vision insurance
- Voluntary insurance including supplemental life insurance, pet insurance, critical illness, accident, hospital, legal, and cancer insurance.
- 401(k) with company match
CP Group is an Equal Opportunity Employer and is committed to all levels of Diversity.
