Real Estate Asset Manager
Overview:
IRA Capital (“IRA”) is a real estate private equity company with extensive acquisition, investment, development, and asset management expertise. Since 2010, IRA has acquired and overseen over 8 million square feet of commercial real estate with a total capitalization in excess of $3 Billion. The company is focused on acquiring high quality, well located, real estate across investment strategies and product types, which include office, retail, industrial, and multi-family.
The asset manager will directly support one managing director of asset management and four senior investment professionals in all aspects of asset management on behalf of the firm.
Responsibilities include:
- Maintain files for each assigned property that provides information on buildings, utilities, contractors, contracts, emergency procedures, property/vendor insurance, and other information necessary to operate each property
- Prepare and track annual budgets, variance reports, business/leasing assumptions and quarterly reports for assigned properties to meet internal audit requirements.
- Submit quarterly/annual lender reports
- Prepare annual CAM reconciliations
- Review tenant leases, loan documents, and purchase and sale agreements
- Develop and implement standards and tenant relations programs for each property
- Coordinate and supervise outside property managers
- Oversee capital improvement projects
- Manage leasing brokers and represent landlord’s interest in leasing transactions, staying abreast of current market conditions to achieve highest occupancy with highest rental rates possible
- Negotiate and prepare LOIs and lease agreements
- Maintain Argus files
- Assist with special projects, involving research and analysis, as requested by supervisor including property capital improvements and Tenant Improvement work
Candidate Requirements include:
- 4-year College degree Required.
- 3-5+ years of commercial property management or asset management experience (office/retail/industrial/multifamily) handling various aspects of ownership and management, including property maintenance & repair, tenant improvements, tenant complaints, vendor contracts, lease administration and enforcement, etc.
- Knowledge and understanding of real estate law, finance, and accounting procedures
- Strong customer service and tenant relation skills
- Extremely strong organizational skills, attention to details and ability to remain composed and flexible
- Self-motivated with ability to follow-through and exercise good judgment; creative, analytical, and resourceful