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Includes Bonus

Asset Manager - Retail

DRA Advisors

Manhattan, NY • $175,000.00 - $199,999.00 • Full Time • Office
Retail 7+ to 10 years exp. • 4 Year College

Job Description

Asset Manager - Retail

DRA Advisors is a registered investment advisor specializing in real estate investment and management services for institutional and private investors. As of 12/31/25, our team has approximately $12.6 billion in assets under management.

Founded in 1986, DRA has unlocked success for its clients by focusing on conservative, value-added real estate investments in the office, retail, multifamily, and industrial sectors within the United States. Since its inception, the firm has acquired approximately 2200 properties valued at approximately $43 billion.

POSITION SUMMARY:
The Retail Asset Manager is responsible for strategically managing value-add retail real estate investments to maximize property performance, asset values and investment returns.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Responsible for executing strategic goals at the property level, such as but not limited to: leasing, operating budgets, implementation of operating/capital plans, and comparative market studies
  • Manage joint venture structure relationships while executing the business plan for the assigned portfolio
  • Develop a thorough understanding of the real estate markets in which portfolio assets are located 
  • In collaboration with team members, prepare, review and oversee the execution of the annual business plans for each property including development of leasing objectives, operating and financial budgets, and capital projects
  • Actively participate in the leasing process, which includes guiding property teams in strategy and approving all LOIs, new leases, renewals and redevelopments
  • Where necessary, identify and oversee third party property managers, leasing agents, consultants, attorneys, vendors, and subcontractors for the successful operation of each asset
  • Periodically visit and tour assigned assets, attend trade shows nationally, meet with brokers and tenants and seek out new business
  • Work in conjunction with the acquisition and disposition departments during the life of the asset
  • Manage due diligence process on new acquisitions
  • Master new markets as acquisition targets are identified by providing market assessments
  • Support in the disposition process as asset managed projects are monetized
  • Perform other duties and responsibilities as assigned
The duties and responsibilities listed above are representative of the nature and levels of work assigned and are not necessarily all-inclusive.
 
EDUCATION/EXPERIENCE:
  • Bachelor’s degree in real estate, finance, economics, or related field is preferred
  • 7+ years of experience in the retail real estate sector
  • Technology:
    Working knowledge of Argus Enterprise, Procore, Measurabl and VTS a plus
  •  Deep “hands on” experience at the asset level including leasing and asset management negotiating skills
  • Knowledge into retailers’ market position, credit profiles, expansion plans, and co-tenancy preferences
 
SKILLS/COMPETENCIES:
  • Support ESG initiatives at the asset level and work with JV partners to comply to policies  
  • Creative, opportunistic, and a very positive attitude, with an eagerness to solve problems
  • A strong work ethic, high integrity, and well-organized mindset
  • Ability to thrive in a highly demanding, entrepreneurial & fast-paced environment
  • A top performer, with a proactive approach who has a "doer" & problem-solver mentality
  • Independent, professional, committed, forceful but diplomatic, with ability to develop within the business to take on more responsibility
  • Display a wide range of interpersonal skills and initiative to resolve difficult issues as and when they arise
  • Excellent written / verbal communication and presentation skills are essential to synthesize information, make assumptions, and present key findings, conclusions, and recommendations
  • Strong attention to detail and accuracy along with ability to multitask and prioritize
  • Team player who demonstrates the ability to collaborate with employees throughout all levels of the organization
TRAVEL:  Position is based in New York City and involves approximately 25% travel.

Job Functions

Asset Management Due Diligence

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