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Senior Asset Manager

Company: BH Properties
Location: Miami
Posted on: June 25, 2022

Job Description:

SENIOR ASSET MANAGERBH Properties, a Los Angeles based private real estate investment company with additional offices in Riverside, Phoenix, Dallas, and Houston is seeking to hire an experienced, Miami-based, Senior Asset Manager experienced in managing retail and office assets in the state and surrounding markets. Reporting to the Executive Managing Director and President, the Senior Asset Manager will primarily be responsible for overseeing the operations of a high-profile retail shopping center on Lincoln Road. A successful candidate will demonstrate an ownership mentality with an investor acumen approach to maximize cash flow and increase value of the assets under management. The role is highly visible, both internally and externally, requiring skills and experience in leadership, management, and communication. Responsibilities:

  • Maximize the total return for each asset through implementing operational efficiencies and identifying value-add and revenue enhancement strategies
  • Work closely with third party property managers, leasing agents, brokers, consultants, and attorneys to provide direction for, and oversight of, business plans, annual budgets, lease analysis and approvals.
  • Actively participate in the negotiation of new leases and renewals both in-house and through third party leasing brokers
  • Perform routine property inspections to ensure property and vacant suites are show-ready.
  • Maintain and expand relationships with our existing tenants and develop relationships with new prospective tenants.
  • Prepare monthly, quarterly, and annual portfolio reporting for review by the company's senior management team
  • Negotiate third party contracts and oversee implementation of capital improvement and 'value-add' projects identified within the portfolio.
  • Work with the financial analyst staff to perform valuations of each asset on a quarterly and annual basis.
  • Develop and implement strategic business plans for each asset that will govern its daily operations and position in the marketplace.
  • Manage the capital improvement strategies and processes, including oversight of construction management activities.
  • Perform ad-hoc analysis of potential issues while developing strategies to manage conflicts.
  • Monitor regional economic and investment trends to identify changes that could impact real estate values and strategy.
  • Work collaboratively with Company acquisition team members in evaluating potential investments and opportunities.Knowledge / Skill Requirements:
    • BA/BS degree in finance, real estate, or related field with a strong record of academic achievement; graduate degree preferred.
    • The candidate will likely have had a minimum of 5-10+ years of commercial real estate asset management, principal-based leasing, and / or related experience in Florida.
    • Experienced in financial analysis, understanding of asset level financial statements, and possess a demonstrated level of experience in lease management and metrics for retail and office assets.
    • Solid understanding of a retail and office leases.
    • Knowledge of real estate accounting combined with strong analytical skills.
    • Knowledge of design and construction process
    • Experienced in Yardi, MS Office 365 (MS Teams & other applications), MS Excel, Argus is a plus
    • Must be highly organized, detail oriented, and able to manage multiple and concurrent projects to achieve goals.
    • Comfortable in a collaborative team-oriented environment
    • Exceptional communication and interpersonal skills
    • 30% Travel Compensation:We offer an excellent compensation package along with a chance to grow and develop with a well-capitalized, privately held, entrepreneurial investment group understanding that it is not just a job, but a career. For immediate consideration please submit your resume with salary requirements. Resumes submitted with salary requirements will be considered a priority.

Keywords: BH Properties, Miami , Senior Asset Manager, Executive , Miami, Florida

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