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Asset Manager

Position Description


The Asset Manager will be responsible for actively managing a portfolio of office assets to develop strategy, optimize cash flow, and enhance value.

  • Develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition
  • Direct and steer Property Management team to assure financial performance, timely reporting, proactive and high-quality repairs and maintenance, and positive tenant relations
  • Model full life cycle of each asset from acquisition through disposition including investor returns under different scenarios
  • Assist with disposition and refinancing efforts through broker solicitation and selection, negotiation of legal agreements, and closing
  • Assist with conducting transaction analysis and support due diligence for new acquisitions 


Financial Analysis, Oversight, and Investor Reporting


  • Lead the annual budget, business planning, and reforecasting process for each asset
  • Review monthly property management reports for variance against budget and strategy
  • Prepare monthly, quarterly, and annual reporting for investor clients and senior leadership
  • Create cash flow projections, analyze and recommend investor capital calls and distributions
  • Perform Argus valuations of each asset on a bi-annual basis
  • Review third-party appraisals for accuracy and consistency
  • Develop analytical tools to allow leadership to better understand the state of the portfolio
  • Monitor and maintain compliance with all lender requirements
  • Monitor timely payment of taxes and insurance premiums
  • Monitor all escrow accounts and operating cash accounts to assure they are properly funded
  • Review property manager operating expense and CAM reconciliations for accuracy, and provide final approvals to PMs prior to sending out tenant letters
  • Collaborate with other departments to improve and document processes and streamline reporting


Leasing


  • Manage relationships with leasing brokers, attorneys, and lenders to negotiate lease terms at or above proforma budget
  • Review LOI’s and leasing documents
  • Draft landlord work letters for leases to be approved by owner
  • Review outside broker listing agreements
  • Track ROFO’s and ROFR’s of existing tenants
  • Work closely with property managers to transition new tenants into properties


R&M and Capital Improvements


  • Forecast repair and maintenance budgets and oversee property management to implement a proactive and high-quality maintenance plan
  • Develop capital improvement strategies, to be approved by owner, and oversee design and construction management activities
  • Monitor construction progress and ensure TI and CapEx projects are closed out
  • Negotiate third-party contracts and oversee implementation of capital improvement and “value-add” programs within the portfolio


Candidate Profile



Educational & Professional Experience Requirements


  • 4-6 years of commercial real estate experience with a focus on asset management activities including leasing, financing, managing tenant improvements, capital investments, and dispositions
  • Experience with urban and suburban office assets
  • Bachelor’s Degree in Real Estate, Finance, Accounting or related field
  • Knowledge of the Seattle, Portland, Salt Lake City, Denver and Boise markets is particularly useful


Key Skills & Competencies


  • In-depth knowledge of real estate finance including commercial lease terms and debt and equity structures
  • Able to successfully work in a team-oriented environment and partner with internal colleagues, external suppliers, and cross-functional groups
  • Strong analytical, accounting and critical thinking skills
  • High comfort level with the technology used to aid in collaboration, communication, and documentation
  • Excellent written and oral communication skills
  • Advanced knowledge of Excel including building templates for other users. Argus, Yardi and Sharepoint skills strongly preferred


Culture


Our ideal candidate(s) will have a strong compatibility with Heartland culture in terms of intellectual curiosity, team-oriented nature, problem-solving capacity, desire to learn new skills as projects demand, a focus on high-quality work product, and ability to work in a fluid, fast-paced environment.

  • High level of integrity
  • Proactive self-starter with ability to both take direction and also set own action plan
  • Ability to learn and adapt quickly
  • Ability to manage multiple competing priorities and meet delivery deadlines
  • Ability to work effectively both independently and within teams
  • Ability to probe, ask the right questions, and dig beneath the surface to test the validity of information
  • Ability to think critically, solve problems and make well-reasoned business decisions
  • Strong work ethic
  • Interdisciplinary capabilities
  • Desire to work with clients
  • Superior attention to detail
  • Ability to focus on a variety of tasks simultaneously
  • Strong self-motivation
  • Team orientation
  • Flexibility


Other Details



Reporting, Supervisory & Collaboration Responsibilities


  • Reports to Senior Asset & Portfolio Manager
  • Manages property-level teams, including third-party property managers, leasing brokers, etc.
  • Collaborates with internal project teams
  • Collaborates with client personnel


Travel


Travel required to appropriately cover the assets and the market.


Compensation


Market appropriate; experience and skills considered, comprehensive benefits package included.


Application Process & Contact Information


Applications shall include the following:
  • Cover Letter
  • Résumé
Applications should be sent via email to: Carrie Christensen, Project Administrator/Marketing Coordinator cchristensen@htland.com