Real estate asset managers plan and direct the purchase, sale, and development of real estate properties on behalf of businesses and investors. They focus on long-term strategic financial planning, rather than on the day-to-day operations of the property. In deciding to acquire property, real estate asset managers consider several factors, such as property values, taxes, zoning, population growth, transportation, and traffic volume and patterns. Once a site is selected, they negotiate contracts to buy or lease the property on the most favorable terms. Real estate asset managers review their company’s real estate holdings periodically and identify properties that are no longer financially profitable. They then negotiate the sale of the properties or arrange for the end of leases.
Real Estate Asset Manager Job Description Template
Our company is looking for a Real Estate Asset Manager to join our team.
- Provide oversight and guidance for third-party property managers and other service providers;
- Review and approve proposed budgets, capital projects, and other expenditures;
- Prepare and deliver detailed quarterly reports on portfolio performance;
- Assist in the development and implementation of business plans and revenue maximization strategies.
- Ability to travel up to 30% of the time;
- Four to six years of experience of progressive experience in a similar role;
- Demonstrated proficiency with Excel, Yardi, and Argus;
- The ability to multitask efficiently and assume new responsibilities;
- Strong organizational skills;
- Excellent verbal and written communication.