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Asset Management

Salary
$100,000-$124,999
Employment
Full Time
Real Estate Field
  • Asset / Portfolio Management
Location
Los Angeles
 CA
Postal Code
90014
Country
United States

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Description


Company Description:

Rising Realty Partners (RRP) is a full-service real estate platform specializing in creating world-class commercial properties. Core competencies include land and property acquisition, development and entitlement, repositioning, leasing, property management, asset management, and construction management. RRP executives have been creating value for investors in California commercial real estate markets for over four decades by striking the perfect balance between dynamic vision and trusted best practices.

 

RRP is seeking an Asset Management Associate to play a key role within the asset management team.  The team is responsible for executing the business plans for the company’s portfolio.  Asset management responsibilities generally include cultivating partner and lender relationships, oversight of leasing, re-development, disposition, refinancing, construction management, and property management. The size and structure of the company, as well as the entrepreneurial environment at Rising, will allow candidates to gain exposure to all facets of the company and to participate in the investment management of assets from acquisition to disposition.

 

Position Description:

The Asset Manager will be responsible for actively managing the Rising portfolio to implement RRP’s strategy and optimize asset value.

 

  • Develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition
  • Lead disposition and refinancing efforts through broker solicitation & selection, negotiation of purchase agreements and loan agreements, and closing
  • Work closely with third party leasing brokers, consultants and attorneys to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis, and partner/lender approvals
  • Oversee preparation of monthly, quarterly, and annual reporting for capital partners and RRP senior management
  • Manage cash flow, distribution analysis, and investment projections
  • Model full life cycle financial analysis for each asset from acquisition through disposition and model investor returns under different scenarios
  • Assist with conducting transaction analysis; Support due diligence for new acquisitions
  • Develop analytical tools to allow executives to better understand the state of the portfolio
  • Collaborate with other departments to improve processes and streamline reporting
  • Participate in special projects from the senior leadership team
  • Document best practices and existing processes for the asset management team
  • Perform valuations of each asset on a quarterly basis

 

Leasing:

  • Manage interface with leasing brokers, capital partners & lenders and negotiate lease terms based on proforma budget
  • Review LOIs and leasing documents
  • Prepare Landlord work letters for leases
  • Review outside broker listing agreements
  • Track ROFOs and ROFRs of existing tenants
  • Work closely with RRP property managers to transition new tenants into properties

 

Capital Improvements:

  • Manage capital improvement strategies and processes, including oversight of design and construction management activities
  • Negotiate third party contracts and oversee implementation of capital improvement and “value-add” programs within the portfolio
  • Assist with construction management and value engineering for capital projects and tenant improvements
  • Oversee loan draw request process
  • Monitor construction progress and ensure TI and CapEx projects are closed out

 

Qualifications:

  • Bachelor’s Degree in Real Estate, Finance, Accounting or related field required; Master’s degree preferred
  • 4-7 years of commercial real estate experience with a focus on asset management activities including leasing, debt financing, managing tenant improvements, “value-add” capital investments, and dispositions
  • In-depth knowledge of real estate finance including commercial lease terms, debt and equity structures, and property accounting
  • Strong analytical and critical thinking skills
  • High comfort level with the technology used to aid in collaboration, communication, and documentation; Rising is paperless and utilizes Asana for all internal communication
  • Advanced knowledge of Excel including building templates for other users.  Argus skills desirable but not necessary
  • Ability to work independently, be proactive, and be resourceful in an entrepreneurial, unstructured environment
  • Able to successfully work in a team-oriented environment and partner with different functional groups
  • Capable of managing competing priorities and maintaining strong attention to detail under strict deadlines
  • Strong work ethic, a high level of integrity, and the ability to take direction
  • Excellent written and oral communication skills

 

Job Functions


  • Investment Management
  • Portfolio Management
  • Risk Management
 

Job Sector


  • Office
 

Experience


5+ to 7 years


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