Description
Asset Management and Acquisition Responsibilities
- Business Plan Preparation & Execution
- Prepare and maintain quarterly asset manager reports and oversee preparation of monthly reporting package in coordination with accounting team for each property
- Monitor budget versus actuals, understand any variances
- Review annual expense reconciliations and true-up process
- Update cash flow models for material changes (new leasing, capital and market assumptions)
- Monitor construction progress and include updates in asset management reports
- Acquisitions
- Assist in financial modeling underwriting for new acquisitions.
- Assist in building Argus models for office analysis
- Assist in property inspections and building analysis.
- Property Management
- Oversee Property Managers, Property Operations and Capital Plans
- Attend weekly/monthly property management and leasing meetings
- Assist in developing annual operating and capital budgets
- Operations
- Seek out opportunities to increase NOI by reducing operating expenses and increasing revenues
- Develop a working knowledge of leases, loan documents and other agreements for general responsibilities, insure all property level data is accurately tracked
- Interface with loan services and ensure loan compliance
- Review and manage real estate tax assessments and appeal processes
- Diligent understanding and pursuit of tenant arrears; develop a response and recommendation to tenant collection matters and defaults
- Coordinate due diligence, tenant estoppel and SNDA processes for acquisitions, dispositions, and financing
Experience
2+ to 5 years
This job is no longer active.