Associate, Asset Management

Job Description

Who Are We? Company Overview

Headquartered in the greater Washington metropolitan area, American Real Estate Partners (AREP) is an institutional fund manager and operating partner focused on office and mixed-use repositioning and development in major markets.

Since our founding in 2003, we have acquired more than 17M SQFT of class-A real estate. Our vertically integrated real estate platform provides expertise in all ownership disciplines including acquisitions and asset management, development and positioning, property management, leasing and market research, and construction management.

For each asset, our approach is to create a distinctive sense of place, one that authentically reflects the character of its surroundings and the people who work there. As such, everything we do is in the service of elevating the experience. This—in turn—makes our properties more desirable and maximizes returns for our investors. It’s not what we do that is different, it’s how we do it that makes all the difference.

We are currently looking for a skilled Asset Management Associate to work in collaboration with our internal and external partners.

Position Overview:  Associate, Asset Management

This position is responsible for supporting Managing Director of Asset Management for all aspects related to the financial, operational, and implementation oversight of comprehensive value-add transactions for the AREP portfolio.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Responsible for supporting Managing Director of Asset Management for all aspects related to the financial, operational, and implementation oversight of comprehensive value-add transactions for the portfolio
• Provide valued analytical research, information and opinion to the Principal & COO
• Perform complex financial analysis modeling for assets within the manager’s portfolio
• Build, maintain, and update Argus and Excel valuation analysis models on a quarterly basis
• Assist, coordinate, and manage the annual budgeting process, mid-year reforecasts and quarterly cash flows for the portfolio by strategically working with the accounting, construction, and property management departments
• Complete ad hoc property-level analysis sensitivities for prospective leasing, investment strategy, debt tracking, recapitalizations, re-financings and dispositions
• Track, analyze, and present return performance against underwriting for investment strategy decision-making
• Participate in regular operations, leasing, and market discussion with property management and leasing teams
• Assist managing director with weekly communication updates with operating partners regarding asset performance related to operations, leasing, and approval requests
• Responsible for the financial planning, analysis, reporting, and administration of funds;
• Prepare quarterly performance reports for fund investors
• Perform various financial analyses for prospective investment opportunities in Excel and Argus.
• Participate in aspects of the due diligence process during the disposition or refinance of assets including informational and analytic requests from brokers and prospective buyers and lenders

Qualifications Summary

• BA or BS required with preferred degrees in math, real estate, business finance, economics or related area.
• Minimum of 5+ years of work experience in the commercial real estate industry with at least 2 years of experience as an analyst. 
• Strong technical skills in the Microsoft Office suite in particular, qualified candidates will be highly proficient in Excel skills.  Experience in Argus and financial modeling is required.  Experience in Yardi highly preferred.
• Proven experience with office/multifamily financial modeling.
• Excellent written communication, verbal and analytical skills necessary to communicate with internal and external partners.
• Strong time management skills, attention to detail and commitment to follow through.
• Ability to work in a fast-paced, entrepreneurial environment as a hands-on contributor.

Company Value Indicators:

• INTENTIONAL:  Able to build deep customer relationships by providing high quality interactions with legal, accounting, construction, leasing, acquisitions and investors.
• INTUITIVE:  Ability to anticipate any barriers that may affect asset management.
• CRAFTED:  Able to provide high attention to detail and accurate research and reporting. Highly organized.
• RESPONSIVE:  Ability to respond promptly to management and investor requests.
• RELIABLE:  Able to consistently meet deadlines designated by management.
• IMPACT-DRIVEN:  Regularly review and reinforce current procedures.
• SINCERE:  Able to work collaboratively with co-workers and management through trust and transparency.

Benefits

AREP offers a competitive benefits package that includes medical, dental and vision coverage for you and your eligible family members, a Flexible Spending Account (FSA), life and supplemental life insurance plans, short and long-term disability insurance.  Our package includes: Paid Time Off (PTO), a 401k plan with an employer match, Employee Assistance Program, Employee Discount Program and a Financial Wellness Service.