Property Asset Manager

Company: Bullock Capital Llc
Location: San Mateo
Posted on: January 12, 2022

Job Description:

The Position
Based in San Mateo, California. He/she will be primarily focused on asset management of three office properties throughout the Bay Area as well as any additional properties acquired. He/she will be a member of a small team that requires each individual to be fully self-sufficient and proactive. The position will begin as a hybrid of in-office days and work-from-home days and eventually transition to in-office work Monday through Thursday, and work-from-home on Fridays.
Responsibilities
The Asset Manager will have full balance sheet responsibility for each aspect of his/her assets, regardless of the ownership structure. He/she will be responsible for maintaining working relationships with Bullock Capital peers, all third-party team members and any joint venture partners.
Essential Functions For This Position Include

• The Asset Manager will apply a proactive, hands-on management strategy to achieve specific income, expense and leasing targets for each asset in their assigned portfolio.
• As some assets will be development and value-add projects, the Asset Manager will be responsible for proactive management during the entire scoping, pricing, permitting and execution of repositioning projects and leasing process.
• Work closely with and efficiently manage third parties, including brokers, property managers, construction/project managers and attorneys, to provide clear direction and skill-based leadership in executing on the business plan.
• Work with Bullock Capital's acquisition officers on potential transactions - from due diligence and underwriting, through closing and transition into the equity investment portfolio. Team with acquisitions in creating the capital and operating budgets, developing a thorough business plan and presenting the project.
• The Asset Manager is responsible for the establishment of an accretive business plan and investment strategy with the objectives of maximizing property income, cash flow and long-term value. He/she will forecast income and expense projections, capital requirements, risk-return analysis and hold/sell recommendations.
• He/she will track and report on the performance of the asset, against both budget and various business plan milestones. He/she will work with accounting to provide relevant data and bring critical matters to the attention of senior management.
• Visit assets regularly, maintain professional relationships with key tenants, tour competing projects and document all sale/lease comps and market changes as appropriate.
• Assist in selecting and engaging all third-party brokers, managers, architects etc. in pursuit of the best management, leasing and sales teams for his/her assets.
• Operate effectively in a team environment, including flexibility and responsiveness.
  Candidate Qualifications I Experience
  The successful candidate must possess a college degree, while an MBA or Masters Degree in real estate, or related discipline would be helpful. Ideally, the candidate should be a mid-career professional with extensive experience and track record in commercial real estate asset management, leasing, development and/or related disciplines. Prior experience with managing joint ventures is preferred but not required.
  • Hands on equity asset management experience in bay area office investments.
  • Experience with institutional quality management of tenant improvements and interior base building construction, repositioning of assets, and execution on property dispositions.
  • Fluent in the language and principals of institutional investment real estate.
  • A working knowledge of debt and capital markets would be helpful.
  • This person should have among other skills, a detailed working knowledge of: real estate property management, asset sales, contract negotiations, and possess extensive experience in gross and/or net leasing, re-positioning, risk management strategies and familiarity with sustainability or green building initiatives.
  • Strong analytic and quantitative skills, a finance driven approach to the business including confidence in working with Excel analysis. Use and familiarity with ARGUS and related valuation software programs is required.
  • An intuitive and detailed sense of the dynamics and risks of each transaction. This person should have the ability to 'look beyond the numbers' at the broader trends and research data to forecast and develop strategies for a variety of investment types under management.
  • Excellent written, oral and presentation skills; thoughtful listener and a direct and open communication style is preferred.
  • A strong financial background with a solid understanding of real estate valuation metrics.
  • Ability to think like a 'principal' with concern for the long-term performance of the property .
  • Must be a motivated, self-starter with ability to work with minimal supervision and to function in a team environment effectively communicating and sharing timely information with people in other departments within the company.
  • Detail-oriented with a solid ability to think and communicate strategically.
  • Strength of character and flexible style, to work successfully with a range of people from peers, staff and the CEO, to investors and other outside professionals. Has the personal presence to deal effectively and independently with these constituencies. Works well within a small-size organization.by Jobble

Keywords: Bullock Capital Llc, San Mateo , Property Asset Manager, Accounting, Auditing , San Mateo, California