Here are some sample job advertisements for this type of role:
Our client, a leading Real Estate Investment firm is seeking a Director of Asset Management to oversee the operational performance of the company’s properties while executing value-add strategies and overseeing the daily operational performance of the portfolio. This is an excellent company to work for, with an impressive portfolio and great leadership.
Responsibilities:
- Engage third-party brokers, negotiate agreements and monitor performance of brokers in commercial leasing.
- Review and analyze active LOIs and conduct lease negotiations with tenants.
- Conduct market studies and execute leasing strategy
- Monitor and maintain the appearance of vacant spaces
- Monitor tenant compliance with leases
- Prepare lease, loan, master lease and/or condominium abstracts.
- Financial modeling of existing investments; create, maintain and update existing investment models.
- Perform buy/sell and refinance analyses for existing investments.
- Review and analyze property budgets.
- Review tenant billings of base rent and additional rent.
- Perform variance analysis of financial reports.
- Monitor accounts receivable, coordinate collections and respond to any delinquencies in accordance with established policies.
- Draft investor letters and manage reporting for lenders and investors.
- Administer loan covenants and manage drawdown of loan reserves.
- Interface with lenders for approvals, new loans and refinances.
- Interface with property managers and third parties
- Manage tenant relationships and respond to tenant inquiries and correspondence.
- Prepare documents to affect tax certiorari for each property
- Regularly visit properties and conduct on-site inspections.
- Work with property managers to bid and oversee operational contracts repair, maintenance, and capital improvements.
- Assist with disposition and acquisition due diligence as required.
Experience:
- 5-10 years commercial real estate experience
- Proficient in Microsoft Excel; Argus
- Ability to multi-task and work in a high energy, team-oriented environment
- Strong verbal and written communication skills
- Strong interpersonal/tenant relations skills
- Ability to review and analyze financial reports
- Must be organized, detail oriented and analytical
Job Type: Full-time
Salary: $140,000.00 to $170,000.00 /year
Experience:
- Asset Management: 4 years (Preferred)
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $571 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has $163 billion of investor capital under management. Blackstone is one of the largest property owners in the world, owning and operating assets across every major geography and sector, including logistics, multifamily and single family housing, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ strategy invests in substantially stabilized real estate globally through regional open-ended funds focused on high-quality assets, and Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT that invests in U.S. income-generating assets. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).
Job Title:
Portfolio Management Analyst
Job Description and Responsibilities:
Work closely with Global Asset Management, Finance, Investor Relations and Legal & Compliance teams to support Portfolio Management in its oversight of Blackstone Real Estate’s global portfolio. Portfolio Management directs the efforts to value, track, analyze and report on Blackstone’s global real estate portfolio. Portfolio Management is also responsible for integrating information flows across the portfolio which involves bespoke projects as well as a number of initiatives involving technology and business analytics. This role involves significant coordination across various teams within Blackstone Real Estate and requires strong general real estate knowledge as well as financial modeling, business acumen, professionalism and communication skills. Due to the relatively small size of the professional staff, team members have the opportunity to assume integral roles on the team and be staffed on a number of assignments at once.
Analysts will work on a wide range of projects and assignments. Responsibilities will include, but are not limited to:
- Portfolio Composition and Analytics
- Quarterly Valuation Process
- Disposition and Distribution Summaries/Analyses
- Portfolio Company Liaison
- Quarterly and Ad-Hoc Investor Reporting Deliverables
- Quarterly Internal Firmwide Deliverables
- Oversee Global Audit Process
- Global Technology Initiatives
- Environment, Social and Governance Tracking and Reporting
- Development of Presentations
- Coordination/Organization of Global Projects and Deliverables
- Fund Activity and Performance Analysis
- Special Ad-Hoc Projects/Coordination with Senior Management
Qualifications:
Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have:
- Excellent written, verbal, and interpersonal communication skills
- Ability to be a collaborative team player
- Ability to contribute to a positive culture
- Good judgment
- Self-starter, highly organized, and detail-oriented
- Strong analytical aptitude
- Fluency in Microsoft Excel and proficiency in Microsoft PowerPoint
- 1 year minimum experience
- Prior Real Estate Investment, Investment Banking, or Portfolio / Fund management experience preferred
Nuveen Real Estate is one of the largest real estate investment managers in the world with $125 billion of assets under management. Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing.
With over 80 years of real estate investing experience and more than 500 employees* located across over 20 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.
- Accountable for the bottom-line financial performance of a portfolio of retail assets by setting and executing asset level strategy and by overseeing 3rd party leasing/property management functions and associated operational performance
- Direct third party service providers including property managers, leasing brokers and development/construction personnel for wholly-owned properties
- Engage with operating partners within various joint venture structures to ensure alignment through best-in-class leasing, management and reporting
- Participate in the timely production of reports apprising senior management of major changes in property fundamentals and competitive positioning
- Drive asset performance and maximize value by conceiving and executing on 5 year strategic business plans
- Prepare and/or review annual asset business plans, operating budgets and capital budgets as well as monitoring budget to actual performance throughout the year
- Produce annual sell/hold assessments and assist in presenting recommendations to the portfolio management team and limited partners
- Present property activities and financial results to third party investors and portfolio management on a regular basis and execute associated approval process for major decisions
-
Review and negotiate leases, renewals, property management agreements and joint venture documents to ensure best execution
- Develop external relationships with key market participants including investment sales brokers, leasing brokers, property managers and lenders with emphasis on the Northeast markets
- Source and evaluate various acquisition opportunities and associated investment returns through detailed discounted cash flow analysis using most applicable and relevant market data
- Present investment cases to various internal/external clients and seek required approval of the Nuveen Investment Committee and lead the transaction team through closing/onboarding process
- Ensure fund investment strategies and most efficient capital structure are employed at the asset level and work with the Head of Retail Northeast to execute on various investment strategies across the broader Northeast portfolio
- Undergraduate degree (BS/BA) with emphasis in real estate or finance
- Minimum of 5 years of combined retail real estate asset and deal management related experience
- Fundamental understanding of institutional quality commercial real estate operations, leasing, finance, and accounting
- Experience with open air centers, regional malls, mixed-use and urban property types
- Creative thinker willing to take and defend positions that may be at times contrary to conventional wisdom
- Demonstrated ability to operate independently with strong written and verbal presentation skills that are directed to both internal and external clients
- Strong networking skills including but not limited to developing relationships within the brokerage community, directly with principals and/or joint venture partners to identify investment opportunities
- Ability to thrive in a team environment and work well under pressure to ensure best execution
- Willing to travel up to 35% – Preferred location is New York City
- Software skills: Proficiency in Argus and Microsoft (including Excel, Word and PowerPoint)
- MBA or MS
- Experience with regional malls and urban retail
- Property management or leasing experience
- Established relationships with national retailers
- Experience managing a team of asset managers or investment professionals
QUALIFICATIONS
Omni New York LLC (ONY) is a rapidly growing affordable housing developer and owner, with an affiliated security company, property management company and general contracting company. ONY and its affiliates own and manage over 10,000 units of affordable rental housing located throughout the east coast. Please see our website at www.onyllc.com for more information about our growing company.
Duties include, but are not limited to the following:
– Prepare annual rent increase for project-based Section 8 properties;
– Prepare annual operating budgets;
– Analyze project cash flow and monitor operating expenses;
– Assist in the preparation of annual property audits;
– Prepare and review required reporting documents in a timely fashion for investors and government agencies;
– Respond to financial inquiries from banks, loan servicers, tax credit syndicators, and regulatory agencies;
– Explore potential cost-saving initiatives (i.e. energy/utility efficiency)
– Timely review, compile and request disbursements from replacement reserves from lenders
– Frequently communicate with property management to provide effective property oversight
Requirements:
– College degree required;
– Previous experience in real estate and/or finance a plus;
– Proficient in the use of Microsoft Word, Excel and Outlook;
– At least 2 years of experience working in an office environment;
– Able to work well both independently and within a team;
– Strong organization, communication, and analytical skills required;
– Ability to thrive in a fast-paced, constantly changing environment;
– Interest in learning the real estate development industry, specifically focusing on affordable housing development
Salary range: $55K – $60K (pay is commensurate with experience)
Omni NY LLC is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex, national origin, citizenship status, age, disability, political affiliation or belief. As a matter of policy, we do not sponsor visas for US positions unless specified. Only applicants with current work authorization will be considered. The company does not offer tenured or guaranteed employment. Either the company or the employee can terminate the employment relationship at any time, with or without cause, with or without notice.
Job Type: Full-time
Salary: $55,000.00 to $60,000.00 /year
Experience:
- affordable housing: 2 years (Preferred)
- asset management: 2 years (Preferred)
Education:
- Bachelor’s (Preferred)