VPDirector, Asset Management San Francisco
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Job Location:
San Francisco, CA - USA
Monthly Salary:
$ 175000 - 300000
Posted on:
21 hours ago
Vacancies:
1 Vacancy
Job Summary
Harrison Street isseekingto hire a Vice President or Director within the Asset Management department focused on investments. This role willbe responsible foroverseeinganevolving portfolio that will initially consist primarily of office buildings and residential apartment communities with the composition of the portfolioevolvingas new investments are made and existing assets are sold. Whilemostassets will be existing operational properties the portfolio may also includeground updevelopments and major redevelopments.
The Asset Manager will lead thedevelopment and execution ofasset levelbusiness plansworking closely with local operating partners andthirdpartyproperty service providers. This individual will serve as the primary internal point of responsibility at Harrison Street for assigned investments including recommendations on major strategic decisions quarterly valuations annual reforecasting and budgeting hold/sell analyses and client reporting.
Candidatesshouldpossesssubstantial experience in asset management capital markets (including debt financing and property dispositions) financial analysis leasing and development oversight along witha strong foundationin real estate investing and management fundamentals. With a minimum of eight years of real estate experience the ideal candidate will be a strategic collaborative team player with strong analyticaland financialskills the ability to manage multiple priorities in afast pacedenvironment anddemonstratedexcellence in written and oral communication.
Responsibilities:
Develop and execute business plans across an evolving portfolio of real estate property investments focusing on all aspects of value creation including the marketing leasing operation and disposition of assets.
Review and analyze monthly financial results of with operating partners and/or property managers and oversee implementation of solutions.
Perform financial modeling including lease underwriting property valuations and hold/sell analyses.
Maximize cash flow and property values through effective revenue management and achievement of operating expense efficiencies.
Lead regular meetings with property managers and operating partners to review leasing performance operating results and market conditions.
Prepare annualreforecast changes to the investmentstrategyand lead budget review process for each asset.
Assemble and review economic demographic and other market information for each asset area as needed including recent sales and leasing data.
Monitor performance and sales of competitive properties.
Develop andmaintainrelationships with leasing and investment sales brokers and other local experts tomonitormarket conditions.
Prepare necessary internal memorandumsregardingkey decisions or initiatives to be presented toInvestmentCommittee for approval.
Work closely with and manage operating and development partnerspursuant tothe terms of applicable joint venture agreements.
Oversee the execution of significant construction and redevelopment projects to achieve on-budget and on-schedule completion.
Assess on-site property conditions evaluating leasing and operating performance and personnel
Other duties as assigned
Requirements:
Bachelors Degreerequired. MBA or other advanceddegreea plus.
Minimumeight years of relevant real estate experience working primarily in an asset management capacity.
Experience asset managing multiple asset types with an emphasis on rental apartment communities and commercial office buildings.
Outstanding interpersonal and communication skills both oral and written.
Experienced with the commercial leasing process including brokerselectionand oversight marketing of space and lease negotiation.
Confidence and maturitytorepresentHarrison Street externally in all matterspertaining toan asset.
Experienced with the property sales process including brokerselectionand oversight asset marketing buyerselection legal documentation and closing.
Strategic perspective and strong problem-solving orientation; candidates must have been involved in developing strategies for investments andpossessstrong execution capabilities.
Excellent financial and analytical skills;significant experiencewith financial modeling.
Excellent computer skills withproficiencyin Excel and Argusrequired.
The position requiresrelatively periodictravel to property locations totalingapproximately 20-30% ofoverall time.
Displays a positive can-do attitude and professional mannerexhibitingrespectfulness and behavior consistent with the companys core values.
Shows outstanding judgment with the ability toidentifythe relevantquestions andimportant issueswhen assessing a situation.
Has the ability to interact and communicateeffectively up down and across theorganization.
Provides strong leadership andoperateseffectively in a collaborative environment by serving as a valuable influencer as well as a team player.
Shows the ability to work both independently and collegially in teams.
Demonstrates self-motivation with the ability to multi-task and prioritize multiple projects invaryingstages.
Has experience motivating and managing teams while under pressure.
Displays a proactive approachinsolutions and problem solving.
Focuses on efficiency and effectiveness.
Required Experience:
Exec
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.
