DIRECTOR OF COMMERCIAL REAL ESTATE

Asset and Project Management – Hospitality, Industrial and Broad-Based Commercial Real Estate Investments

COMPANY:             Established in 2010, Wanxiang America Real Estate has a small and flat organizational structure, an extensive pool of discretionary capital and has invested more than $1.2 billion in equity in more than 120 commercial real estate investment deals across the United States. Investments have been in the Hospitality, Resort, Office, Industrial, Retail, Land, Multi-Family, Education, Mixed-Use, Condos, and Senior Housing markets.

LOCATION:            West Loop, Chicago, Illinois.

REPORTING

RELATIONSHIPS: This individual reports directly to the Founder and Managing Director.

SUMMARY OF RESPONSIBILITIES:   

Key Responsibilities:

·        Portfolio Oversight: Monitor and manage the performance of assigned hotel (primarily) and other broad based assets to ensure alignment with the company’s investment objectives and financial goals.

·        Financial Analysis: Conduct detailed financial modeling, budgeting, forecasting, and performance analysis to evaluate property performance and identify opportunities for improvement.

·        Strategic Planning: Develop and implement project and asset management strategies to enhance property value, including capital expenditure planning, repositioning, and operational enhancements.

·        Operator Collaboration: Work closely with third-party hotel operators and other property management teams to ensure operational excellence, compliance with brand standards, and achievement of key performance indicators (KPIs).

·        Market Analysis: Analyze market trends, competitive landscapes, and economic factors to inform investment decisions and optimize revenue management strategies.

·        Capital Projects: Oversee capital improvement projects, including renovations and upgrades, ensuring projects are completed on time, within budget, and aligned with strategic goals.

·        Reporting: Prepare and present detailed performance reports, including financial metrics, operational updates and strategic recommendations to senior management and investors.

·        Risk Management: Identify and mitigate risks related to property operations, market conditions and regulatory compliance.

·        Stakeholder Engagement: Build and maintain strong relationships with investors, lenders, brand partners and other stakeholders to support asset management objectives.

REQUIREMENTS:

·        Minimum of 10 years of experience in commercial real estate asset and project management, with emphasis on hotel financing and operations, multi-family, industrial and other broad based and top-tier investment assets.

·        We seek a strategic thinker, detail-oriented, proactive, and collaborative individual with a passion for driving results in the real estate investment industry.

·        Regular travel to portfolio properties may be required to conduct site visits, meet with operators, and oversee projects.

·        Ability to work flexible hours to accommodate the needs of a dynamic portfolio and stakeholder communications.

·        Experience in leanly staffed organizations where the ability to establish quick priorities and practical problem-solving techniques has been demonstrated.

·        Demonstrated success in building and nurturing long-term business relationships. 

·        This individual should enjoy a reputation of leadership, creativity, excellent communication skills and a demonstrated track record of asset and project management and investment analysis.

·        Intellectual honesty with staff, management, ownership, and customers alike is required. This individual should consistently meet or exceed commitments utilizing the highest standards of ethics and integrity. Tough mindedness, a good sense of humor, self-confidence and performance typify the desired approach.

EDUCATION:         Bachelor’s degree in Finance, Real Estate, Hospitality Management, Business Administration, or a related field. MBA or advanced degree preferred, not required.

Certifications (e.g., CFA, CPA, CPM, CIMA, CHAM, CHAMP, CHAE, etc.) are relevant and helpful – not necessarily required.

COMPENSATION: Competitive base salary plus annual performance bonus. Full benefits provided. Longer term incentive awards will be considered for outstanding prospective candidates.