Our client is a vertically integrated real estate company with its own leasing, development, property management, marketing, legal, accounting, and asset management teams. They own over 20 million square feet, with 71 properties concentrated in densely populated markets across 18 states and anchored by best-in-class retailers.
To support Company growth, they are seeking a Senior Director of Asset Management to join the leadership team. The primary responsibility is strategic in nature: identifying growth opportunities and advocating value-maximizing strategies within a portfolio; measuring risks and developing strategies to mitigate such risk that preserve and drive property values. This leader coordinates and oversees operational, financial and reporting obligations, as directed, for a number of investments.
Coordinate activities among the Company’s management, operations, transactional, legal, finance, and accounting teams to develop and execute property-level and portfolio strategies
Assume a material role in communicating and coordinating with the Company’s equity sponsor
Assume a material role in research, analysis, developing, and implementing asset-level strategic plans to drive value creation, including hold/sell analysis
Engage and direct property managers in the development of operating budgets including capital and leasing plans; oversee property level operating activities
Oversees the quarterly reforecast process including leasing and management strategies; understands and communicates significant variances and when necessary revised strategies
Develops short- and long-term cash flow and valuation models incorporating current market conditions. Maintains and updates models for significant changes to the market and assigned assets.
Identifies the impact of how demographics, job growth, competition, tenant creditworthiness, and other relevant factors can impact the strategy/value of assets
Review of financial reports to monitor performance and achieve investment objectives
Prepare periodic and ad hoc reporting for internal and external clients
Manages and develops the analyst pool through training and career guidance ensuring their performance is in line with group expectations
Assist in economic underwriting and due diligence for acquisitions and transition of acquisitions to asset management
Assumes additional responsibilities and performs special projects as needed or directed
Minimum 7-10 years of commercial or investment real estate experience with 5+ years of Asset Management experience
Experience working for a public or private retail investor owner/operator and significant experience with grocery-anchored and community center products. Other relevant work experience could include work as an Asset Manager for a pension fund advisor that owns a significant portfolio of retail assets and is responsible for the operating performance
Bachelor’s degree required
Extensive experience within California
Interpersonal skills with an ability to interact with external and internal clients
Strong problem-solving and quantitative skills
Advanced skills in Excel and Argus
Experience with MRI or other accounting software
Ability to work well with others, high level of energy, dedication, and passion for the business
Success in multi-tasking while maintaining strong attention to detail and desire to perform projects and actions with the highest quality results
Ability to work well under pressure with multiple competing deadlines
Maintaining personal skills and establishing relationships to advance professional networks and facilitate communication both within and outside the company
Strong written and oral communication skills
A high degree of integrity
Proven ability to expand areas of knowledge and learn new skills as circumstances require
Network of existing relationships/contacts within the retail field including other owners, developers, leasing agents, and investment sales brokers a plus
Poline Associates is an international executive search firm specializing in the shopping center industry.We serve property owners, developers, retailers and service providers who are seeking remarkable talent and work to align them with candidates who are eager for new growth opportunities. Since 1979, our team has been connecting companies and candidates with a commitment to integrity and client satisfaction—making us the industry’s most trusted leader in recruitment.