Vice President, Asset Management - Newton - Keller Augusta

Description

Company Overview:

Our client is a vertically integrated real estate investment, development, construction and asset management firm that has spent over three decades creating some of the region's most successful projects, spanning mixed use, residential, industrial, and life science. Through over 300 projects, the firm works collaboratively to create value for investors and to enhance the communities in which it builds.

Position Overview:

Reporting directly to the Senior Vice President and Director of Asset Management, this VP, Asset Management will play a key role in maximizing the value and performance of a designated portfolio of real estate assets. This is an excellent opportunity for a proactive professional to contribute to the strategic oversight of a diverse and dynamic real estate portfolio.

Key Responsibilities:

Asset Performance & Strategy Implementation:

• Manage assigned properties with an ownership mentality, focusing on value creation through active implementation of strategic business plans.
• Monitor and analyze property performance against established budgets and key performance indicators (KPIs).
• Drive active marketing and leasing strategies for commercial assets, actively engaging with brokers and tenants in leasing activities.
• Collaborate with internal residential property management team on marketing and leasing to maximize revenue.
• Identify opportunities for value creation, including operational efficiencies, revenue enhancement, and cost reduction initiatives, as well as amenity enhancements or other capital improvements designed to drive leasing
• Track market trends, competitive landscapes, and economic conditions impacting assigned assets.
• Monitor and manage asset cash flows to meet business plan objectives

Business Planning & Budgeting:

• Develop and execute comprehensive asset business plans and strategies for properties designed to achieve investment objectives.
• Develop annual leasing assumptions for budgeting process and implement plans to achieve leasing objectives,
• Liaise with property management and accounting/finance/investment analyst teams on creation of budgets, ensuring alignment with asset business plans, strategy and investment objectives.

Financial Analysis & Reporting:

• Review and analyze monthly property operating reports, including property-level financial statements (P&L, balance sheets) and rent rolls.
• Collaborate with the accounting, finance, and investment analyst teams to ensure accurate financial projections and reporting for assigned assets.
• Conduct detailed financial analysis, including cash flow projections, valuation models, and return on investment (ROI) calculations for potential capital projects and leasing strategies.
• Prepare comprehensive asset management reports, presentations, and dashboards for internal stakeholders and investors.

Property Operations Oversight:

• Collaborate closely with in-house property management teams (both commercial and residential) to ensure adherence to property-level operating plans and budgets.
• Monitor property operations, including leasing activity, tenant relations, maintenance, and capital expenditure projects.
• Oversee tenant improvement (TI) and capital expenditure (CapEx) projects, ensuring projects are delivered on time and within budget.
• Assist property management team in the negotiation and review of key property-level contracts.
• Employ a strategic approach to potential cost savings through real estate tax appeals, resiliency and sustainability initiatives and technology initiatives.

Cross-Functional Collaboration:

• Work collaboratively with the Investment team on due diligence for new acquisitions and provide support for disposition strategies.
• Coordinate with the development team on projects within the existing portfolio
• Liaise with the finance, accounting, and investment analyst teams on budgeting, financial reporting, and compliance matters.
• Work closely with internal and external legal counsel on leasing matters
• Assist with investor relations requests and reporting related to assigned assets.

Risk Management:

• Identify and assess potential risks related to asset performance, market conditions, and operational challenges.
• Manage risk associated with asset performance, including market, operational, and financial risks.
• Propose and implement mitigation strategies to address identified risks.

Qualifications:

• Bachelor's degree in Real Estate, Finance, Business Administration, or a related field.
• Approximately 10 years of experience in real estate asset management, property management, or real estate finance, preferably within a real estate private equity firm or institutional setting.
• Strong analytical and financial modeling skills with proficiency in Excel.
• Understanding of real estate market fundamentals, property operations, and investment principles for both commercial and residential assets.
• Excellent written and verbal communication skills with the ability to present complex financial information clearly and concisely.
• Highly organized, detail-oriented, and capable of managing multiple priorities in a fast-paced environment.
• Strong interpersonal skills and ability to work effectively in a team-oriented environment.
• Proficiency with real estate management software (e.g., Yardi, MRI) is a plus.