Junior Asset Manager

Job Description

Overview:

Dalan Real Estate, LLC (“Dalan”) is a vertically-integrated real estate investment and management firm leveraging its expertise and wide range of capabilities to identify opportunities, unlock value, and create growth. Dalan runs a growing residential and commercial portfolio of over $2 billion in assets with partners including KKR, Bain Capital and RWN. For more information regarding Dalan Management, please visit DalanRE.com.  

Position: Junior Asset Manager, Asset Management

Dalan is excited to hire a Junior Asset Manager who is responsible for helping to oversee a portfolio of multifamily, office and retail properties on both the equity and credit side of Dalan’s Real Estate platform. The Junior Asset Manager will play a key role in repositioning and monitoring the daily operation of equity deals, existing loans, and onboarding of new loans. Candidates will proactively monitor and report on the execution of asset level performance and update the Asset Management team on legal progress for non-performing loans.

The ideal candidate has 1-2 years of experience in the Real Estate Equity or Debt markets (preferably an investment firm, bank, or servicer), has previously dealt with Borrowers and understands how to interpret loan documents.

The Junior Asset Manager position will provide a candidate with a great opportunity for continued growth within the fast-growing company while gaining exposure to a wide array of real estate operations, including multiple asset classes in NYC and other major metro areas. The position will report to the Senior Director of Asset Management and is located in the New York City Office.

Responsibilities:

• Work alongside the Senior Director of Asset Management to execute property business plans which includes overseeing third party managers, leasing teams and capital projects.
• Review of monthly financial and operational results at performing properties.
• Interface with borrowers, outside counsel, A-Lenders, and third-party servicers.
• Review and recommend approval of budgets and evaluate ongoing operating performance relative to underwriting.
• Assist in keeping a professional and organized line of communication with Partners with weekly and monthly reporting.
• Work with servicing to manage and administer loan draws and funding requests.
• Review, analyze and recommend leases for approval.
• Participate in due diligence of loan originations/acquisitions (as needed).
• Travel monthly to assets to meet with third parties.

Qualifications & Skills:

• BA/BS degree in Finance, Economics, Real Estate, or related discipline preferred.
• 1-2 plus years’ experience in Real Estate.
• Ability to identify and resolve moderate problems with minimal guidance, strong attention to detail, proven analytical, mathematical, and problem solving skills.
• Strong Excel, PowerPoint and communication skills.
• Organized and highly detail oriented.
• Highly motivated with ability to multitask.
• Strong interpersonal skills given the small team environment.

Dalan is an Equal Employment Opportunity Employer.