Director of Asset Management

Position Summary Vice President or Director within the Asset Management department focused on investments. Responsible for overseeing an evolving portfolio of primarily office buildings and residential apartment communities, including ground‑up developments and major redevelopments. Responsibilities Develop and execute business plans across an evolving portfolio of real‑estate property investments, focusing on all aspects of value creation including marketing, leasing, operation, and disposition of assets. Review and analyze monthly financial results of properties, identify issues with operating partners and/or property managers, and oversee implementation of solutions. Perform financial modeling including lease underwriting, property valuations, and hold/sell analyses. Maximize cash flow and property values through effective revenue management and achievement of operating expense efficiencies. Lead regular meetings with property managers and operating partners to review leasing performance, operating results, and market conditions. Prepare annual reforecast, changes to the investment strategy, and lead budget review process for each asset. Assemble and review economic, demographic, and other market information for each asset area, including recent sales and leasing data. Monitor performance and sales of competitive properties. Develop and maintain relationships with leasing and investment sales brokers and other local experts to monitor market conditions. Prepare necessary internal memoranda regarding key decisions or initiatives to be presented to the Investment Committee for approval. Work closely with and manage operating and development partners pursuant to the terms of applicable joint venture agreements. Oversee the execution of significant construction and redevelopment projects to achieve on‑budget and on‑schedule completion. Assess on‑site property conditions, evaluating leasing and operating performance and personnel. Perform other duties as assigned. Qualifications Bachelor’s degree required. MBA or other advanced degree a plus. Minimum eight years of relevant real‑estate experience working primarily in an asset‑management capacity. Experience asset managing multiple asset types with an emphasis on rental apartment communities and commercial office buildings. Outstanding interpersonal and communication skills, both oral and written. Experienced with the commercial leasing process including broker selection and oversight, marketing of space, and lease negotiation. Confidence and maturity to represent Harrison Street externally in all matters pertaining to an asset. Experienced with the property sales process including broker selection and oversight, asset marketing, buyer selection, legal documentation, and closing. Strategic perspective and strong problem‑solving orientation; candidates must have been involved in developing strategies for investments and possess strong execution capabilities. Excellent financial and analytical skills; significant experience with financial modeling. Excellent computer skills with proficiency in Excel and Argus required. The position requires relatively periodic travel to property locations totaling approximately 20–30% of overall time. Displays a positive, can‑do attitude and professional manner, exhibiting respectfulness and behavior consistent with the company’s core values. Shows outstanding judgment with the ability to identify the relevant questions and important issues when assessing a situation. Has the ability to interact and communicate effectively up, down and across the organization. Provides strong leadership and operates effectively in a collaborative environment by serving as a valuable influencer as well as a team player. Shows the ability to work both independently and collegially in teams. Demonstrates self‑motivation with the ability to multi‑task and prioritize multiple projects in varying stages. Has experience motivating and managing teams while under pressure. Displays a proactive approach in solutions and problem solving. Focuses on efficiency and effectiveness. Harrison Street is proud to be an equal opportunity employer committed to diversity, equity and inclusion in the workplace and is an affirmative action employer. All qualified applicants will receive consideration for employment without regard to veteran status, uniform service member status, race, color, religion, sex, national origin, age, physical or mental disability, genetic information or any other protected class under federal, state, or local law. #J-18808-Ljbffr