VP Asset Management, Storage
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Job Location:
Chicago, IL - USA
Monthly Salary:
$ 175000 - 250000
Posted on:
20 hours 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$108billionin 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 sectorexpertiseand forward-thinking strategies.
Harrison Street isseekingto hire a Vice President in the Asset Managementdepartment who will focus on shouldpossesssubstantial experience in asset managementcapital markets (debt financing andproperty dispositions) financial analysis leasingand newdevelopmentoversight and should haveadeepunderstanding of real estateinvesting and management ideal candidate(s)will be astrategicteam player withdemonstratedquantitative financialand analytical skillswho isable to efficientlyallocatetime between multiple tasksand navigatechanging with a progressive background inStorage.
Job Description:Overseeand managewholly-ownedandjoint ventureinvestmentsininthe US as well as the respective property management andpartner duties will include:
Responsibilities:
- Manage relationships with existing operating partners and third-partyproperty managers;
- Source coordinateand close all property refinancings;
- Establish and communicateinternalhold/sell recommendations;
- Overseeassetdispositionsincluding presentingthe transaction to investment committeeselecting abroker negotiatingthepurchase contract andfacilitatingthe due diligence and closing processes;
- Formulateproperty-level strategybudgets and capital improvement plans;
- Determineand implement value preservation strategies including the preparation ofcapital call memorandumsas necessary;
- Assisttransactionscolleaguesintheunderwritingof newinvestments as well as new operating partners or property managers;
- Analyze andmonitorproperty financialperformanceand debtcovenant compliance;
- Alongside construction consultantsmonitorschedulesbudgets and drawsfor new developments and ensure compliance with therelevant governing documents;
- Review and approvethird-partyappraisal reports and completeperiodicinternal valuationsand re-underwriting processes;
- Activelymentor train and guide the career development of more junior professionals on the team.
Requirements:
- Bachelors degree(realestate andfinance concentrations preferred);
- 10 years of relevant experience incommercialrealestate investment roles: withinDigital and Data Centers
- Core knowledge of real estateinvestment and financeprinciplesas well as a working understanding of real estateaccounting;
- Strong written and verbal communication skills;
- Ability to draw conclusions from research and data analysis and communicate themconcisely andeffectively;
- Thorough understanding ofbusinesssoftware (Excel at minimum - Argus preferred).
- This position requires frequent travelto visit properties property managers and operating partners.
$175000 - $250000 a year
For Illinois Only:The expected base salary range for this position is $175000 to $250000. 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
- Data Center Experience
- Disaster Recovery
- VMware
- Computer Networking
- NFS
- Solaris
- Windows
- Virtualization
- Linux
- SAN
- Operating Systems
- Troubleshooting
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.
