What are the responsibilities and job description for the Asset Manager, Industrial position at BH Properties?
ASSET MANAGER, INDUSTRIAL (Austin or Dallas, TX) www.bhproperties.com
COMPANY
BH Properties is a privately held commercial real estate investment firm focused on value-add acquisitions in office, industrial, retail, and through its subsidiary Haven Housing, multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and San Diego, and is able to acquire and close transactions without the need for lengthy due diligence periods. Our 32-year track record and balance sheet allow us to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. Today, the Company owns and operates approximately 11M square feet across 18 states.
POSITION
The Asset Manager will be primarily responsible for assisting in the operations of industrial assets and markets throughout Phoenix and Texas along with due-diligence efforts on future acquisitions the Company may be considering. The successful candidate will have worked in a principal-based environment with an investor acumen approach to maximizing cash flow and increasing value. The successful candidate will have demonstrated experience in managing property management and leasing teams. The role is highly visible, both internally and externally, requiring skills and experience in leadership, management, and communication.
LOCATION
Austin or Dallas, TX
REPORTING
Managing Director, Asset Management
RESPONSIBILITIES
KNOWLEDGE / SKILL REQUIREMENTS
COMPENSATION
We offer an excellent compensation package along with a chance to grow and develop with a well-capitalized, privately held, entrepreneurial investment group understanding that it is not just a job, but a career. For immediate consideration please submit your resume with salary requirements. Resumes submitted with salary requirements will be considered a priority.
COMPANY
BH Properties is a privately held commercial real estate investment firm focused on value-add acquisitions in office, industrial, retail, and through its subsidiary Haven Housing, multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and San Diego, and is able to acquire and close transactions without the need for lengthy due diligence periods. Our 32-year track record and balance sheet allow us to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. Today, the Company owns and operates approximately 11M square feet across 18 states.
POSITION
The Asset Manager will be primarily responsible for assisting in the operations of industrial assets and markets throughout Phoenix and Texas along with due-diligence efforts on future acquisitions the Company may be considering. The successful candidate will have worked in a principal-based environment with an investor acumen approach to maximizing cash flow and increasing value. The successful candidate will have demonstrated experience in managing property management and leasing teams. The role is highly visible, both internally and externally, requiring skills and experience in leadership, management, and communication.
LOCATION
Austin or Dallas, TX
REPORTING
Managing Director, Asset Management
RESPONSIBILITIES
- Maximize the total return through implementing operational efficiencies and identifying value-add and revenue enhancement strategies.
- Work closely with third party property managers, leasing agents, brokers, consultants, and attorneys to provide direction for, and oversight of, business plans, annual budgets, lease analysis and approvals.
- Actively participate in the negotiation of new leases and renewals both in-house and through third party leasing brokers.
- Perform routine property inspections to ensure property and vacant suites are show-ready.
- Maintain and expand relationships with our existing tenants and develop relationships with new prospective tenants.
- Prepare monthly, quarterly, and annual portfolio reporting for review by the company’s senior management team.
- Negotiate third party contracts and oversee implementation of capital improvement and ‘value-add' projects.
- Work with the financial analyst staff to perform valuations on a quarterly and annual basis.
- Manage the capital improvement strategies and processes, including oversight of construction management activities.
- Perform ad-hoc analysis of potential issues while developing strategies to manage conflicts.
- Monitor regional economic and investment trends to identify changes that could impact real estate values and strategy.
KNOWLEDGE / SKILL REQUIREMENTS
- BA/BS degree in finance, real estate or related field with a strong record of academic achievement; graduate degree preferred.
- The candidate will likely have had a minimum of 7-10 years of commercial real estate asset management, principal-based leasing, and / or related experience.
- Experienced in financial analysis, understanding of asset level financial statements, and possess a demonstrated level of experience in lease management and metrics.
- Knowledge of real estate accounting combined with strong analytical skills.
- Knowledge of design and construction process.
- Experienced in Yardi, MS Office 365 (MS Teams & other applications), and MS Excel.
- Must be highly organized, detail oriented, and able to manage multiple and concurrent projects to achieve goals.
- Comfortable in a collaborative team-oriented environment.
- Exceptional communication and interpersonal skills.
- 35% Travel
COMPENSATION
We offer an excellent compensation package along with a chance to grow and develop with a well-capitalized, privately held, entrepreneurial investment group understanding that it is not just a job, but a career. For immediate consideration please submit your resume with salary requirements. Resumes submitted with salary requirements will be considered a priority.