The position requires the day-to-day responsibility for a portfolio of assets with the express objective of maximizing property and portfolio value and returns.
Position-specific requirements include hands-on real estate operations, with detailed attention to proactive asset management and value creation. An integral part of the value creation strategies will encompass (re)development; experience with construction, project management, and entitlements is desirable. A comprehensive grasp of financial concepts and methodologies along with a strong working knowledge of Argus and Excel modeling is a must with Yardi knowledge being desirable.
Accompanying responsibilities include increasing technical competency, business plan development, and execution for assets, consultation with senior staff regarding portfolio and policy recommendations, preparation of client reports, selection and monitoring of third-party service providers, and input into investment and client strategies. The position requires extensive internal and external communication, in particular with the CIO and third-party service providers in applicable markets.
Asset Manage Assigned Assets
Key Job Elements
Manage a specific portfolio of assigned assets in order to achieve optimal performance in accordance with value creation goals and business plan expectations.
Weighting - 40%
Manage specific assigned properties to achieve or exceed annual Business Plan and client objectives. Achieve leasing, net operating income, cash flow, and capital expenditure targets for assigned assets. Achieve or exceed forecast asset value and return targets. Manage properties with the objective of meeting or exceeding underwriting forecasts.
Maintain a comprehensive and current knowledge of all assigned markets and furnish useful market information to CIO.
Recommend, select, and monitor third-party service providers such as managers, attorneys, and others as necessary, to achieve required investment performance.
Develop and implement effective management and leasing strategies to achieve investment objectives.
Evaluate, comprise, and execute capital improvement strategies for individual assets.
Monitor the effectiveness of tenant satisfaction and retention programs.
Administer or supervise compliance with all lender information, reporting, disclosure, or approval requirements.
Establish and develop strong strategic relationships with real estate and investment industry professionals and organizations including service providers.
Make periodic recommendations for asset disposition or financings.
Supervise and complete the execution of property sales or finances in accordance with approved parameters and in accordance with policy and procedures.
Continually seek creative and innovative opportunities to enhance value and returns for portfolio assets.
Inspect assigned portfolio assets 2-3 times per year and provide written inspection reports as required.
OVERALL REQUIREMENT: HANDS-ON REAL ESTATE OPERATING EXPERIENCE AT THE ASSET AND PORTFOLIO LEVELS
Key Job Elements
Establish and maintain standard assets management reporting for assigned assets.
Weighting - 20%
Complete asset reporting on a quarterly basis or as otherwise required by each joint venture partnership.
Complete reports in accordance with the prescribed reporting timeline produced each quarter.
Poline Search Partners 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.