Client in Galleria area, Houston, Texas is seeking an Asset Manager to join a growing company.
Responsibilities:
The Asset Manager will be responsible for the oversight of a diverse portfolio of properties
including office, hospitality, multifamily, retail, skilled nursing facilities, and life sciences.
Duties:
- Asset Management
- Develop and implement annual business plan for each portfolio asset
- Provide day-to-day oversight of each property in conformance with the business plan
- Direct and monitor third property management and leasing companies
- Review financial reports to monitor performance
- Prepare information for management and investor reporting
- Perform periodic, thorough property/portfolio valuation and disposition analyses
- Manage and validate construction and draw request process in conformance with
- Conduct period site visits and provide site observations for portfolio
Other Responsibilities:
- Conduct due diligence on potential investments and lease prospects
- Assist in structuring new investments
- Manage property disposition
Annually:
- Work with internal and external partners (PM and Leasing) and create annual
- Work with internal and external partners (PM and Leasing) and approve CAM reconciliation
Monthly:
- Review monthly property financials
- Evaluate CapEx needs compared to CapEx reserves and cashflow. Execute CapEx
- Conference call with leasing and PM teams to discuss activity and where areas of operation
- Ensure AR is captured and appropriate measures are taken via 3rd party's where needed.
- Consult with leasing teams on market dynamics, rate, etc.
- Monitor loan maturity dates and tenant roll, reducing exposure
Weekly/Daily:
- Evaluate LOI's (as received), calculate payback period, make recommendation to owner.
- Work with internal counsel to ensure that the spirit of the LOI is captured in the Lease.
- Review/Approve internal loan payments/invoices.