Asset Manager
Asset Manager
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Job Description
The Rock Family of Companies is made up of nearly 100 separate businesses spanning fintech sports entertainment real estate startups and more. Were united by our culture a drive to find a better way that fuels our commitment to our clients our community and our team members. We believe in and build inclusive workplaces where every voice is heard and diverse perspectives are welcomed. Working for a company in the Family is about more than just a job its about having the opportunity to become the best version of yourself.
About Bedrock
Bedrock is an awardwinning real estate developer focused on comprehensive city building initiatives in Detroit and Cleveland. Its work includes creating iconic cityscapes rehabilitating historic properties and making space for the communityall with the philosophy to operate for more than profit.
Since 2011 Bedrock has invested and committed more than $7.5 billion to develop and restore more than 140 properties totaling over 21 million square feet of office retail residential hospitality industrial data centers and parking. In 2024 Bedrock was named one of the worldsMost Innovative Companiesby Fast Company.
For additional information about Bedrock please visitor connect with us onFacebookInstagramLinkedInandX.
Summary
The Asset Manager will be assigned a portfolio of approximately 15 to 25 operating assets that are part of the Bedrock Portfolio in Detroit and Cleveland including office retail parking multifamily and industrial uses. The role is an in office based position in Detroit MI. For those properties the Asset Manager will have responsibilities including but not limited to the following:
Responsibilities
Lead and monitor the asset strategy with cross functional teams to achieve underwriting
Coordinate and review annual property budget and asset strategies with various Bedrock Teams for Leadership approval
Conduct regular property visits to ensure the asset strategys objectives are being obtained and identify any new areas for opportunity
Review monthly and quarterly property financial and variance reporting and conduct periodic calls with property teams
Manage communication amongst propertyspecific Bedrock Teams to assess and improve investment performance and leverage pertinent information for investor reporting purposes
Provide analytical support across functional teams for strategic business decisions including investment opportunities operational savings capital expenditures and capital structure execution
Work closely with Property Management Team to monitor tenant delinquencies and propose resolutions to Bedrock Leadership when necessary
Work closely with Leasing Team to provide analytical support including market leasing assumptions and analysis operating expense estimates and tenant financial evaluation that are aligned with the asset strategy
Work closely with Development and Acquisitions Teams to provide support in underwriting asset strategy creation and due diligence to ensure a smooth transition into the operating portfolio
Partner with Finance Team to successfully execute financing and refinancing of stabilized assets
Maintain a current understanding of real estate and urban trends throughout the industry and country
Complete responsibilities with little oversight or required direction
Other duties as assigned.
Qualifications
Bachelors degree in finance business economics accounting real estate or a related field; advanced degree CFA CAIA or similar designations a plus
At least 5 years of experience in real estate finance asset management investing consulting or another related financial services field
Strong understanding of commercial real estate fundamentals and property operations
Experience with Argus is required
Experience with two or more property types strongly preferred: office retail parking multifamily and industrial
Experienced in investment analysis and financial modeling
Experienced with real estate market research and relevant data providers (e.g. CoStar) a plus
- Experience with Yardi or similar real estate accounting is a plus
Strong verbal and written communication skills
Possess working knowledge of the challenges and opportunities in Detroit and Cleveland real estate markets
Proven track record of high performance in prior work
Possess creativity independence initiative and high levels of integrity
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities and may be modified periodically.
DISCLAIMER
This job description should not be construed as an exhaustive list of duties and responsibilities performed by persons assigned to this classification. It is not intended to limit or in any way modify the right of any supervisor or manager to assign direct and control the work of employees under his/her supervision. All principal duties and responsibilities of this position are essential functions of the position. Job descriptions are reviewed on a regular basis and may be revised at any time. Revisions will be communicated to employees within the classification. This job description does not constitute a contract of employment; therefore the company may exercise its employmentatwill rights at any time.
Bedrock is an equalopportunity employer.
The Company is an Equal Employment Opportunity employer and does not discriminate in any hiring or employment practices. The Company provides reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law. Applicants requiring reasonable accommodation in completing the application and/or participating in the employment application process should notify a representative of the Human Resources Team The Pulse at
Required Experience:
Manager
Employment Type
Full-Time
