Vice President, Asset Management, Digital
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Job Location:
Chicago, IL - USA
Monthly Salary:
$ 150000 - 195000
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Harrison Street Asset Management (HSAM) is a leading global alternative investment management firm focused on real estate infrastructure and credit strategies across North America and Europe. Headquartered in Chicago Toronto and London with offices across North America Europe Asia and the Middle East the firm has over $103 billion in assets under management on behalf of institutional investors and registered investment advisors globally.
Founded on a culture of innovation HSAM is an early mover in alternative real estate and mid-market infrastructure. Today the firms global team consisting of more than 520 professionals is committed to creating long-term value through deep sector expertise and forward-thinking strategies.
Harrison Street is seeking to hire a Vice President in the Asset Management department who will focus on investments. Candidates should possess substantial experience in asset management capital markets (debt financing and property dispositions) financial analysis leasing and new development oversight and should have a deep understanding of real estate investing and management fundamentals. The ideal candidate(s) will be a strategic team player with demonstrated quantitative financial and analytical skills who is able to efficiently allocate time between multiple tasks and navigate changing priorities. Ideally with a progressive background in Digital.
Oversee and manage wholly-owned and joint venture investments in the US as well as the respective property management and partner relationships. Specific duties will include:
- Manage relationships with existing operating partners and third-party property managers;
- Source coordinate and close all property refinancings;
- Establish and communicate internal hold/sell recommendations;
- Oversee asset dispositions including presenting the transaction to investment committee selecting a broker negotiating the purchase contract and facilitating the due diligence and closing processes;
- Formulate property-level strategy budgets and capital improvement plans;
- Determine and implement value preservation strategies including the preparation of capital call memorandums as necessary;
- Assist transactions colleagues in the underwriting of new investments as well as new operating partners or property managers;
- Analyze and monitor property financial performance and debt covenant compliance;
- Alongside construction consultants monitor schedules budgets and draws for new developments and ensure compliance with the relevant governing documents;
- Review and approve third-party appraisal reports and complete periodic internal valuations and re-underwriting processes;
- Actively mentor train and guide the career development of more junior professionals on the team.
Requirements:
- Bachelors degree (real estate and finance concentrations preferred);
- 10 years of relevant experience in commercial real estate investment roles: ideally within Build to Rent Storage Student Housing and/or Healthcare
- Core knowledge of real estate investment and finance principles as well as a working understanding of real estate accounting;
- Strong written and verbal communication skills;
- Ability to draw conclusions from research and data analysis and communicate them concisely and effectively;
- Thorough understanding of business software (Excel at minimum - Argus preferred).
This position requires frequent travel to visit properties property managers and operating partners.
$150000 - $195000 a year
For Illinois Only:The expected base salary range for this position is $150000 to $195000. Actual salaries may vary based on a number of factors including skills experience and qualifications.
In addition to base salary total compensation at Harrison Street includes a generous discretionary bonus along with a comprehensive range of benefits including medical financial and wellness programs designed to support our employees both professionally and personally.
Harrison Street is proud to be an equal opportunity employer committed to diversity equity and inclusion in the workplace and is an affirmative action employer. All qualified applicants will receive consideration for employment without regard to veteran status uniform service member status race color religion sex national origin age physical or mental disability genetic information or any other protected class under federal state or local law.
If you require accessibility assistance applying for open positions please contact our ADA Accessible Line at oremailprotected. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
Harrison Street does not accept unsolicited headhunter and agency resumes. Harrison Street will not pay fees to any third-party agency or company that does not have a signed agreement with Harrison Street.
Required Experience:
Exec
Key Skills
- Change Management
- Financial Services
- Growing Experience
- Managed Care
- Management Experience
- Analysis Skills
- Senior Leadership
- Performance Management
- Process Management
- Leadership Experience
- negotiation
- Analytics
About Company
Focused exclusively on alternative real assets, Harrison Street is an investment management firm that combines innovation and process rigor to execute differentiated strategies.
