Back to search results

Associate - Asset Management

Open Industrial

Industrial Alternative Investments

Beverly Hills, CA

Salary Estimate: Confidential

Employment Type: Full Time

Work Place: Office

Experience Required: 2+ to 5 years

Education Required: 4 Year College

Job Description

About Open Industrial

Open Industrial is a real estate investment company established in 2020 with offices in Bethesda, MD and Los Angeles, CA. We are focused on acquiring Industrial Outdoor Storage (IOS) assets that have mission critical outdoor storage components. The properties we acquire are an essential part of the economic fabric for major metropolitan markets.

About the Position

We’re currently seeking an Associate, Asset Management to support our investments in industrial outdoor storage real estate. This person will be responsible for monitoring and reviewing our portfolio performance and supporting leasing, financing, and disposition activities to ensure successful execution of each asset’s business plan. This position would be a great opportunity for someone who wants to be part of an innovative real estate company with a unique investment strategy. This is a full-time position in our Los Angeles office that reports to the Director of Asset Management.

What you’ll do in this role

Support the execution of asset-level business plans
Evaluate capital markets transactions
Update and maintain the integrity of our internal asset management database
Assist in preparing reports for senior management, investor relations, and loan compliance
Evaluate portfolio metrics and prepare reforecasting models to support new leases, refinancing and dispositions
Analyze new tenant opportunities and lease structures, comparing against initial pro-forma underwriting
Collaborate and prepare quarterly distribution analyses
Support Property Management and Asset Management teams in preparation of annual operating budgets
Assist in negotiation of lender term sheets and loan docs
Coordinate and assemble lender due diligence materials for property and portfolio financing
Participate in weekly asset management, leasing, and property management meetings
Proactively manage critical dates for loans, leases, financial reporting and escrow requirements

What we’re looking for you to have

BS/BA degree in Business or Finance, or with Real Estate focus
Advanced degree or relevant certification (MS in Real Estate, CFA, etc.) is beneficial, but not required
3+ years of experience in asset management
Master of Microsoft Excel and ARGUS Enterprise
Demonstrated ability to prioritize an evolving workload
Ability to read a situation and negotiate in real-time
Strong organizational skills and attention to detail
Ability to present complex information clearly and concisely
Self-motivation along with excellent time management skills