VP, Asset Management
Job Location:
Santa Monica, CA - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
Please review the Job Applicant Privacy Notice.
About Us
Perform Properties is a Blackstone Real Estate portfolio company focused on highperforming retail and office properties with peopleappeal - vibrant spaces where people actively choose to work shop and gather. With expertise in transactions development leasing and management we oversee approximately 30 million square feet of properties across the U.S.
Our culture is built on our OneTeam foundation - a shared commitment to collaboration innovation and knowledge sharing across roles teams and time zones. Guided by this foundation our OneTeam Core Values define how we show up every day:
Act with Intention
Make It Happen
Raise the Bar
Stay Curious
Win as One
Join a team where performance and partnership go hand in hand.
Role Summary
The VP Asset Management will report directly to the SVP of Asset Management with a dotted line partnership to other leaders for shared accountability in the business plan and investment performance of assigned assets. The VP AM will quarterback their portfolios and bear responsibility for bringing analytical rigor to key value-maximization decisions around major leases capital investments and timing of dispositions. They will also provide leadership around resolving operational challenges at the asset (incl. environmental A/R and entitlements) and drive strategies to manage these challenges portfolio-wide. The position entails supervision mentoring coaching and development of junior team members. The VP AM is a senior leader on the team and will take on teamwide responsibilities such as managing teamwide workstreams representing the team on cross-departmental initiatives and constant mentorship of junior team members. This is a high visibility role with consistent and impactful interaction with executive leadership at Perform and Blackstone. Travel to assets is . This role is in the office 5 days a week Monday-Friday. This is a dynamic opportunity for someone who thrives in a fast-paced deal-oriented environment and is eager to work closely across functions to drive asset and portfolio value.
Essential Job Functions
Investment Cash Flow Modeling Collaborate with market leadership leasing operations and other teams to oversee analytical team to build accurate cash flow models for each asset and investment. Provide thought leadership around assumptions and key drivers of return on investment. Monitor performance to plan identify and report on key variances to underwriting and budget to provide recommendations to executive leadership.
Strategic Financial Analysis Lead strategic and quantitative analyses which includes but is not limited to hold/sell decisions evaluation of major leases and major capital decisions.
Liquidity / Cash Management Own cash models and manage portfolio liquidity needs; anticipate cash management issues and provide timely reporting to market leadership and executive teams.
Asset-Level Projects Identify and implement priority value-add projects in alignment with underwriting and asset business plans.
Dispositionsand Due Diligence Provide asset and investment level leadership in coordination with Transactions team to facilitate due diligence and closings for dispositions and debt financings including coordination of information and materials with various parties (buyers sellers lenders brokers and attorneys) as well as internal partners (Finance Operations Leasing Construction and Legal). Review and sign off on due diligence materials and closing statements.
Organization and Communication Drive collaboration organization and communication of key work products and information to articulate asset strategy and execution updates to Perform leadership and Blackstone.
Cross-functional Collaboration & Leadership Coordinate and collaborate with counterparts in Leasing Construction Property Management and Finance to drive alignment on asset strategy and execution. This collaboration can be seen via underwriting budgeting performing ad-hoc analysis prepping for disposition or day-to-day operational asset management.
Manage and Mentor Team Orchestrate work and foster development of team such that work is produced effectively and junior colleagues learn and grow. Provide exceptional mentoring and coaching to people beyond direct reports.
Competencies
Exceptional leadership management and communication skills
Results orientation with a sense of urgency and continuous improvement
Coach and mentor with a passion for developing junior talent
A curious driven professional with a passion for problem solving
Collaborative consensus builder with the ability to influence others without formal authority
Strategic orientation with creative and broad thinking
Team leadership - works inclusively within a diverse team
Qualifications
Degree in finance economics mathematics engineering or equivalent quantitative-based field
More than 10 years of commercial real estate experience from a real estate investment firm with significant experience in open-air retail including at least 3 years managing people.
Excellent written and verbal communication skills
Translates complex technical concepts to understandable business terms
Ability to work independently handle multiple projects and meet deadlines
Ability to do advanced Excel modeling and deep knowledge of Argus Enterprise
Strong understanding of real estate fundamentals financing valuation transactions asset management and leasing.
Demonstrated success in collaboration creative thinking and ability to learn new concepts quickly
Benefits & Compensation
Benefits: The Company provides a variety of benefits to employees including health insurance coverage retirement savings plan paid holidays and paid time off (PTO).
Base Salary Range: $200000-$250000. This represents the presently-anticipated low and high end of the Companys base salary range for this position. Actual base salary range may vary based on various factors including but not limited to location and experience.
The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans policies practices agreements or other materials or documents as in effect from time to time including but not limited to terms and conditions regarding eligibility.
Closing
EEO Statement
Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications job requirements and business needs without regard to race color marital status sex sexual orientation gender identity and/or expression age religion disability citizenship status national origin pregnancy veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations if you need an accommodation to complete the application process please email
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Required Experience:
Exec
