VP/Director, Asset Management

• Develop and execute business plans across an evolving portfolio of real estate property investments, focusing on all aspects of value creation including the marketing, leasing, operation, and disposition of assets. • Review and analyze monthly financial results of properties. Identify issues with operating partners and/or property managers and oversee implementation of solutions. • Perform financial modeling including lease underwriting, property valuations, and hold/sell analyses. • Maximize cash flow and property values through effective revenue management and achievement of operating expense efficiencies. • Lead regular meetings with property managers and operating partners to review leasing performance, operating results, and market conditions. • Prepare annual reforecast, changes to the investment strategy and lead budget review process for each asset. • Assemble and review economic, demographic, and other market information for each asset area, as needed, including recent sales and leasing data. • Monitor performance and sales of competitive properties. • Develop and maintain relationships with leasing and investment sales brokers and other local experts to monitor market conditions. • Prepare necessary internal memorandums regarding key decisions or initiatives to be presented to Investment Committee for approval. • Work closely with and manage operating and development partners pursuant to the terms of applicable joint venture agreements. • Oversee the execution of significant construction and redevelopment projects to achieve on-budget and on-schedule completion. • Assess on-site property conditions, evaluating leasing and operating performance and personnel • Other duties as assigned
• Bachelor’s Degree required. MBA or other advanced degree a plus. • Minimum eight years of relevant real estate experience working primarily in an asset management capacity. • Experience asset managing multiple asset types with an emphasis on rental apartment communities and commercial office buildings. • Outstanding interpersonal and communication skills, both oral and written. • Experienced with the commercial leasing process including broker selection and oversight, marketing of space, and lease negotiation. • Confidence and maturity to represent Harrison Street externally in all matters pertaining to an asset. • Experienced with the property sales process including broker selection and oversight, asset marketing, buyer selection, legal documentation, and closing. • Strategic perspective and strong problem-solving orientation; candidates must have been involved in developing strategies for investments and possess strong execution capabilities. • Excellent financial and analytical skills; significant experience with financial modeling. • Excellent computer skills with proficiency in Excel and Argus required. • The position requires relatively periodic travel to property locations totaling approximately 20-30% of overall time. • Displays a positive, can-do attitude and professional manner, exhibiting respectfulness and behavior consistent with the company’s core values. • Shows outstanding judgment with the ability to identify the relevant questions and important issues when assessing a situation. • Has the ability to interact and communicate effectively up, down and across the organization. • Provides strong leadership and operates effectively in a collaborative environment by serving as a valuable influencer as well as a team player. • Shows the ability to work both independently and collegially in teams. • Demonstrates self-motivation with the ability to multi-task and prioritize multiple projects in varying stages. • Has experience motivating and managing teams while under pressure. • Displays a proactive approach in solutions and problem solving. • Focuses on efficiency and effectiveness.