Commercial Asset Manager

SCI, the leading real estate executive search firm, is seeking a Commercial Asset Manager to join a developer and manager of upscale urban spaces.

The Commercial Asset Manager will oversee the Company and third-party commercial real estate portfolios as an Owner representative. This individual will work with internal and external teams to direct the strategic efforts and financial performance of each asset and investment district, including leadership and coordination of third-party leasing and property management teams, creation and execution of asset and investment district business plans, financial review and analysis, market analysis, and investor reporting. The Commercial Asset Manager will be responsible for full understanding of each investment assigned to him/her and to perform all related tasks throughout the investment’s life cycle.

Responsibilities:

• Lead efforts and serve as the primary point of contact for all leasing brokers. Efforts consist of developing comprehensive leasing strategies to include: (i) crafting market rent, concession and tenant improvement packages; (ii) reviewing proposals and providing recommendations to leasing teams and investors; (iii) coordinating lease drafting and review; and (iv) routinely benchmark leasing teams’ performance to the Company’s leasing goals and objectives.
• Maintain comprehensive market and submarket knowledge for each asset and investment district. Provide guidance on competitive properties, surrounding development pipeline, existing and prospective tenant activity, and other economic drivers that could impact asset and investment performance. Compare the performance of individual assets to both internal and external/industry benchmarks.
• Provide direct oversight of property management teams to ensure business plan and budget goals and objectives are being met. Interaction with teams to include regular communication and on-site presence to asses the physical and experiential condition of assets and districts.
• Coordinate vendor engagement and activities, including space and amenity planning, tenant buildout/project management, value-add improvements, and critical response efforts.
• Develop, present, and execute comprehensive annual business plans and budgets that maximize asset values and meet company objectives for the portfolio.
• Oversee and be responsible for the completion of regular reporting, measurements and dashboards that provide Owners and Company with relevant, timely, and accurate asset performance data. Participate in quarterly and annual asset reviews, delivering a full financial and property overview to the Company and investors.
• Manage assets through all stages of the life cycle: development, lease-up, stabilized operations, maintenance, and capital renovations.
• Execute annual objectives and goals for the Company.
• Drive process improvements that affect the ability to increase asset values.
• Strive to constantly identify new opportunities to exceed benchmarks and enhance asset value.

Attributes and Skills:

• Results driven, with forward planning of work and tasks. Delivering quality results on time, focusing on activities and efforts of high value/ROI.
• Strategic mindset combined with a hands-on approach.
• Existing network among target market commercial property owners & management companies (preferred)
• Fluent in contract negotiation and execution.
• Strong knowledge of financials, budgeting, and forecasting.
• Capacity to learn and utilize software platforms to augment daily tasks and responsibilities
• Possess full understanding of amenity programing, office and retail space configuration, site, scale, and preferred tenant mix.
• Knowledgeable about external amenity areas such as parks and entertainment districts/plazas, the importance of their marketing, programing, traffic generation and overall success of the amenity’s experience.

Education and Experience:

• Bachelor’s degree in Business, Real Estate or related field, or equivalent experience with a minimum of five (5) years of relevant experience.
• Strong retail/commercial leasing and management experience: lease negotiations, broker interaction, and overseeing legal counsel in drafting and executing commercial leases.
• General understanding of construction processes including approval requirements, permitting/entitlements, and competitive bidding.

Specialty Consultants Inc.