ASSET MANAGEMENT - ASSOCIATE

Overview:

Founded in 2010, IRA Capital is a Southern California–based private equity firm specializing in real estate investments. IRA primarily invests in commercial real estate assets throughout the United States, with an emphasis on healthcare. To date, the firm has acquired over 12.5 million square feet across 30 states, representing more than $5 billion in total capitalization. IRA partners with sovereign wealth funds, pension funds, institutions, and family offices to acquire and operate high-quality real estate assets.

The Associate Asset Manager will directly support a Vice President and a Managing Director across all aspects of asset management on behalf of the firm.

Responsibilities include:

• Prepare and track annual budgets, forecasts, variance analyses, business-plan assumptions, leasing projections, and quarterly reports for assigned assets.

• Monitor financial and operating performance, identify deviations from approved plans, and prepare analyses and recommendations for the senior asset management team.

• Prepare and submit accurate lender, partner, investor, and internal reporting, and track recurring requirements and deadlines.

• Prepare annual CAM reconciliations and other tenant recovery calculations in accordance with lease requirements.

• Review and summarize tenant leases, loan documents, and purchase and sale agreements; support due diligence and track key obligations, conditions, and dates.

• Coordinate with third-party property managers and monitor compliance with approved business plans, budgets, reporting requirements, and operating standards.

• Support capital improvement and tenant improvement projects, including budgeting, approvals, contracting, scheduling, and cost tracking.

• Coordinate leasing brokers, maintain leasing pipelines, analyze market conditions and comparable transactions, and support landlord negotiations.

• Prepare LOIs and support lease negotiations and documentation in coordination with senior asset managers and legal counsel.

• Maintain Argus models, asset valuations, and cash-flow forecasts using current operating, leasing, and market assumptions.

• Maintain complete and organized property records, including leases, loans, contracts, insurance, vendor, building, and emergency-procedure information.

• Perform research, financial analysis, and other strategic or asset-level projects as requested by senior management.

Candidate Requirements include:

• 4-year college degree required.
• 5+ years of asset management experience commercial property management

(office/retail/industrial/multifamily) handling various aspects of ownership and management, including property maintenance and repair, tenant improvements, tenant complaints, vendor contracts, lease administration and enforcement, etc.

• Knowledge and understanding of real estate law, finance, and accounting procedures
• Strong customer service and tenant relation skills
• Extremely strong organizational skills, attention to details and ability to remain composed and flexible
• Self-motivated with ability to follow-through and exercise good judgment; creative, analytical, and resourceful

Benefits:

• Competitive salary of $125,000–$150,000 commensurate with experience plus annual bonus.
• Comprehensive benefits package including health, dental, and vision insurance.
• Retirement savings plan with employer match.
• Paid time off and holidays.
• Opportunities for professional development and career advancement within a growing company.