Director Asset Management / Acquisitions

Job Description

Job Description

Director of Asset Management / Acquisitions

(Commercial Properties)

Overview

Work with property management, accounting, and ownership to implement investment strategy, oversee reporting, and manage acquisitions/dispositions. Primary responsibility includes investor communication and execution of key asset management processes.

Core Responsibilities / Deliverables

Year-End / Annual

• YE Valuations & Net Equity Statements
• • Coordinate with CEO to confirm year-end valuations (based on budgets)
  • Prepare and distribute Net Equity Worksheets via AppFolio Investment Manager
• Annual Budget Process
• • Work with property management to complete budgets
  • Work with Director of Commercial Real Estate to review and finalize all budgets
  • Distribute budgets, along with high level notes, to select investors
• Distribution Schedules
• • Update master distribution schedule (after budgets are completed)
  • Circulate budgeted distribution schedules via AppFolio to certain investors
• Annual Materials
• • Update brochure

Quarterly / Ongoing

• Quarterly Reporting
• • Coordinate with property management to prepare quarterly reports
  • Review financials and budget vs. actuals
  • Work with Executive Administration to distribute reports
• Quarterly Distributions
• • Review cash flow and confirm distribution amounts
  • Communicate any changes/variances to investors
• Investor Communication
• • Provide ongoing updates on urgent matters to investors (outside of quarterly reporting)
  • Respond to investor inquiries as needed

Leasing & Operations

• Work with property management and brokers on
• • New leases, Renewals, and Lease negotiations
  • Review and Approve major Capital Expenses/TI work

Acquisitions / Dispositions

• Assist with underwriting and evaluation of new deals
• Manage due diligence process
• Coordinate with legal counsel through closing
• Work with Director of Commercial Real Estate, property management, and accounting on offboarding dispositions and onboarding/transitioning new acquisitions

Financing / Lender Coordination

• Manage refinancing and loan payoff processes
• Respond to lender requests and reporting requirements

General / Other

• Conduct property site visits
• Maintain relationships with brokers
• Coordinate across property management, accounting, and ownership
• Continue to look for ways to improve processes but utilizing AppFolio and AI
• Complete any tasks assigned by the CEO, as necessary.

 

Company Description

The pride we have in the Company, and in the service, we provide to our investors and tenants, is the reason we have grown in the past and expect to grow in the future. I am sure you will feel the same pride as you meet the challenges of your future employment with us.

Mutual respect for one another is a basic ingredient as we work together to reach our common goals. The ease and freedom with which we communicate is also important.

Our Company is an equal opportunity employer. We believe all of our employees should be treated fairly, consistently, and with dignity and respect. Our goal is to maintain a satisfied and productive team of employees. The keys to reaching that goal are effective leadership, fair and competitive wages and benefits, dedication to the job, and close attention to employee relations matters.

Company Description

The pride we have in the Company, and in the service, we provide to our investors and tenants, is the reason we have grown in the past and expect to grow in the future. I am sure you will feel the same pride as you meet the challenges of your future employment with us. \r\n\r\nMutual respect for one another is a basic ingredient as we work together to reach our common goals. The ease and freedom with which we communicate is also important.\r\n\r\nOur Company is an equal opportunity employer. We believe all of our employees should be treated fairly, consistently, and with dignity and respect. Our goal is to maintain a satisfied and productive team of employees. The keys to reaching that goal are effective leadership, fair and competitive wages and benefits, dedication to the job, and close attention to employee relations matters.