Real Estate Asset Manager Job Description
Real Estate Asset Manager Duties & Responsibilities
To write an effective real estate asset manager job description, begin by listing detailed duties, responsibilities and expectations. We have included real estate asset manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Real Estate Asset Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Real Estate Asset Manager
List any licenses or certifications required by the position: LEED, CPM, RPA, PMP, ARM
Education for Real Estate Asset Manager
Typically a job would require a certain level of education.
Employers hiring for the real estate asset manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Real Estate, Finance, Business, Management, Accounting, Economics, MBA, Law, Communication, Education
Skills for Real Estate Asset Manager
Desired skills for real estate asset manager include:
Desired experience for real estate asset manager includes:
Real Estate Asset Manager Examples
Real Estate Asset Manager Job Description
- Manage Master Space Planning efforts and direct staff to respond to company inquiries
- Updates and maintains key date information for portfolio
- Assists in development and reporting of expense/capital cost savings initiatives and activities
- Work with portfolio management and transactions teams on new projects and assist with new deals
- Work with fire/life/safety security teams on implementing safety standards and training programs for all assets
- Work with REPAC and Retail Resiliency on any incidents, and ensure root cause analysis and post event reviews are completed
- Strategic investment management of a portfolio of real estate assets located in France and Belgium owned by JPM’s commingled funds and/or separate account clients
- Manage and develop analyst staff and junior asset managers
- Oversee and manage joint venture relationships with partners and co-investors
- Develop and implement an asset strategy (multi-year business plan) for each investment including hold/finance/sell recommendations
- Coordination of several intra-company disciplines such as Risk Management, EH&S, Accounting, Finance, and the legal team to ensure that all liability and risk aspects of a real estate contract are addressed prior to execution
- Advanced degree and/or appropriate professional certifications
- Minimum seven years of real estate experience with asset management and transaction experience in multiple product types preferred
- Minimum two years of real estate experience with asset management and transaction experience in multiple product types preferred
- Experience in strategy / management consulting covering financial services/wealth management space and/or direct work experience within major wealth manager
- Exposure to lending product / solutions, including Residential Real Estate Lending is desired
Real Estate Asset Manager Job Description
- Indentify follow-on and additional development opportunities analyze and present to the investment committee/clients for approval
- Manage the appraisal review process, review appraisals and present valuation recommendations
- Develop relationships with real estate clients, including making recommendation on investment decision and presentations of investment performance
- Obtain and maintain industry designations applicable to this position
- Origination and execution of potential acquisitions and development opportunities mainly throughout France but Benelux as well
- Underwriting, structuring and negotiations of diverse real estate investments
- Oversee the internal approval processes of acquisitions for the investment committee
- Lead the financing process with the bank/banking syndicate or debt brokers, including term sheet negotiations and transaction documentation
- Interpret and agree transaction documentation, including debt agreements, joint-venture agreements and other documentation for existing and new investments
- Lead the tax structuring of investments with both external advisors and internal specialists
- Minimum five years of real estate experience with asset management and transaction experience in multiple product types preferred
- Relevant institutional real estate asset/portfolio management experience in the office and industrial, retail, multi-family, and / or hotel product types
- Strong project management and team skills
- Thorough understanding of real estate investment structures
- Strong analytic skills and the ability to train supervise and develop junior team members
- 5+ years of experience within Asset Management, Property Management, or Commercial Real Estate preferred
Real Estate Asset Manager Job Description
- Oversee company budgeting and forecasting processes -- includes coordinating tasks across multiple departments, holding quarterly calls with department representatives to provide direction to the field, annually updating the business plan template/focus, reviewing financials at the portfolio level, presenting quarterly results to executive team, and partnering with IT to support financial processes
- Assign duties and workflow to Analysts and Managers and ensure the timely and accurate completion of projects
- Review and oversee accuracy of the Analysts/Senior Analysts' work
- Act as point support person for acquisitions and dispositions of assets
- Make recommendations to SVP or VP, Asset Management to identify the strategic goals of the department and, once set, determine path to implement goals
- Provide support and/or manage specific partnership relationships ensuring that needs and expectations are met
- Interface with partners and take ownership of partnership projects ensuring that all projects are completed timely and accurately
- Ensure compliance with all partnership documents and management agreements
- Interface with senior management personnel as warranted or directed
- Responsible for being final reviewer of all forecasts and budgets
- Strong organizational, communication and interpersonal skills are essential to this position
- Position is actions oriented requiring the incumbent to creatively plan and execute facility design programs with limited resources
- Managerial and supervisory responsibilities to oversee and guide numerous simultaneous negotiations involving new lease contracts
- Relationship building and management of outside legal counsel, brokers, appraisers, consultants and asset managers
- Willingness to obtain and maintain industry designations applicable to this position
- Significant years of relevant investment experience either in a real estate fund management business, a real estate private equity group or a French listed property company with thorough understanding of real estate investing
Real Estate Asset Manager Job Description
- Review reserve draws
- Process assumption and consent requests, including related review of loan documents and other agreements
- Conduct market research and prepare market reports
- Prepare loan and portfolio level status reports
- Comply with all Investor monitoring and reporting requirements
- Maximising the performance of the retail property assets through initiation and implementation of value enhancement opportunities
- The execution of rent review, lease renewal and letting/re- letting activities
- Overseeing the undertaking of the day-to-day management functions of the retail portfolio
- Providing such other assistance as required by the Sector Head in respect of all aspects of the retail portfolio
- Ensuring the retail portfolio is managed in accordance with the stated investment strategy
- Strong experience developing and maintaining market relationships
- Excellent verbal and written communication and negotiation skills in English and French with the ability to convince team, committees, clients or sellers
- Bachelor’s degree with honours from a top university or relevant comparable education entity (French "Grandes Ecoles de commerces or Ecoles d’ingenieurs")
- 5+ years of progressive financial and operational experience with a background in RETAIL REAL ESTATE preferred or COMMERCIAL REAL ESTATE
- Strong Excel skills and general computer skills
- Comprehensive knowledge in multiple CRE disciplines
Real Estate Asset Manager Job Description
- Identifying, implementing and successful conclusion
- Maximising rent achieved on rent review
- Optimisation of lease terms achieved on lease renewals, lettings and re-lettings
- Producing and updating asset level business plans
- Identifying sales in accordance with the stated Fund Strategy and Business Plans
- Instructing and monitoring the performance of the managing agents responsible for the day-to-day property management of the retail portfolio
- Provide such reporting for the retail portfolio as required by the Sector Head
- Negotiate lease renewals, contracts or subleases for dispositions and obtains internal approval and prepare related documents
- Maintain frequent contact with LOBs (Lines of Business) in all properties to promote goodwill and to detect potential problems
- Prepare Annual Reviews
- At least 5 years of work experience in commercial real estate including asset management experience in managing Fannie Mae or Freddie Mac multifamily loans
- High integrity, the ability to communicate articulately and concisely, strong interpersonal and partnership skills, achievement drive, and intellectual curiosity
- High level of proficiency in Microsoft Office (Excel, Word, Powerpoint
- Member of Royal Institution of Chartered Surveyors or equivalent (if non-UK)
- Proven knowledge of property investment market
- Track record in identifying and delivering value enhancement opportunities