Director Asset Management - Cambridge
Director Asset Management - Cambridge
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Job Description
Company Background
Founded in 1993 DivcoWest is a multidisciplinary real estate investment firm headquartered in San Francisco with offices in Los Angeles Menlo Park Cambridge Washington DC Austin and New York City. Known for our longstanding relationships and track record of success in innovative markets DivcoWest combines entrepreneurial spirit with an institutional approach.
DivcoWest aims to create environments that inspire ingenuity promote growth and enhance the health happiness and wellbeing of all people. A disciplined code of ethics is at the core of all that we do. We believe that the collective energy of a diverse team is what drives our creative ideas and solutions.
Summary
The Asset Manager is responsible for optimizing the performance of the Companys real estate assets in the Cambridge market. They will collaborate with the regional investment team portfolio managers fellow asset managers tenants property managers building engineers lenders brokers and contractors to ensure business plan . They will also assist the investment team with capital transactions such as acquisitions financing and dispositions.
The right person for the role will possess a blend of strong interpersonal analytical and organizational skills. This entrepreneurial group prizes critical thinking relationships independent motivation and transparent communication. The position is ideally suited for a highly motivated detailoriented individual with relevant asset management experience in the Cambridge market a strong work ethic and a passion for real estate.
This role requires 5 days in office at our Cambridge MA location.
Interested candidates should send their resumes to .
Responsibilities
- Work closely with inhouse property management team third party property managers brokers consultants and attorneys to provide direction for and oversight of business plans budgets forecasts leases analysis and approvals.
- Oversee and participate in quarterly and annual reporting/valuations for clients and senior management.
- Negotiate third party contracts and oversee implementation of capital improvement and valueadd programs within the portfolio.
- Analyze lease transactions and negotiate leases.
- Monitor cash flow and budgets to maximize returns.
- Work collaboratively with the investment team members in evaluating potential investment opportunities assist with due diligence and facilitate the process of onboarding new assets.
- Oversee hold/sell analysis and collaborate with other team members to make recommendations.
- Lead disposition processes
- Assist with special projects as needed.
- Travel may be necessary.
Qualifications
- BA/BS degree with strong record of academic achievement; graduate degree a plus.
- 10 years or more of commercial real estate asset management in Cambridge preferably with institutional ownership.
- Experience with office and multifamily property types.
- Existing relationships in the Cambridge market.
- Strong financial oral and written communication skills.
- Highly organized detail oriented and able to handle multiple projects in team settings.
- Proficient in Excel Office PowerPoint Argus and willingness to adopt new technologies leveraged across the companys portfolio.
- Highly driven with a positive solutionoriented attitude
- Ability to think like an owner in all decision making.
- Entrepreneurial spirit with a willingness to do what is necessary.
- Ability to travel to properties.
The person in this position must be able to:
- Remain in a stationary position for 75 of the time working on a computer and attending virtual meetings.
- Occasionally move about the office to access file cabinets office technology attend meetings and visit properties.
Compensation
- $175000$200000
- Annual bonus opportunity
- Full benefits
- 401k
- Flexible vacation policy
- Weekly lunch stipend
Divco West Services LLC (Company) an equal opportunity employer is committed to equal opportunity for all employees and applicants. The Company recruits hires trains promotes pays and administers all personnel actions without regard to race color religion sex (including pregnancy childbirth and medical conditions related to pregnancy childbirth or breastfeeding) sex stereotyping (including assumptions about a persons appearance or behavior gender roles gender expression or gender identity) gender gender identity gender expression national origin age mental or physical disability ancestry medical condition marital status military or veteran status citizenship status sexual orientation genetic information or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses. Please review our company Privacy Policy regarding the use of any personal information you provide us at:
This policy applies to all areas of employment including recruitment testing screening hiring selection for training upgrading transfer demotion layoff discipline termination compensation benefits and all other privileges terms and conditions of employment. This policy and the law prohibit employment discrimination against any employee or applicant on the basis of any legally protected status outlined above.
Other details
- Pay TypeSalary
- Min Hiring Rate$175000.00
- Max Hiring Rate$200000.00
Required Experience:
Director
Employment Type
Full-Time
