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BH Properties · 5 months ago

Senior Asset Manager

Los Angeles, CA

Full-time

Onsite

Senior Level

$175K/yr - $225K/yr

7+ years exp

BH Properties is a privately held commercial real estate investment firm focused on value-add acquisitions across various property types. The Senior Asset Manager will oversee operations of assets in Southern California and participate in future acquisitions while maximizing cash flow and increasing value.

Real Estate

Responsibilities

Maximize the total return through implementing operational efficiencies and identifying value-add and revenue enhancement strategies

Work closely with third party property managers, leasing agents, brokers, consultants, and attorneys to provide direction for, and oversight of, business plans, annual budgets, lease analysis and approvals

Actively participate in the negotiation of new leases and renewals both in-house and through third party leasing brokers

Perform routine property inspections to ensure property and vacant suites are show-ready

Maintain and expand relationships with our existing tenants and develop relationships with new prospective tenants

Prepare monthly, quarterly, and annual portfolio reporting for review by the company’s senior management team

Negotiate third party contracts and oversee implementation of capital improvement and ‘value-add' projects

Work with the financial analyst staff to perform valuations on a quarterly and annual basis

Manage the capital improvement strategies and processes, including oversight of construction management activities

Perform ad-hoc analysis of potential issues while developing strategies to manage conflicts

Monitor regional economic and investment trends to identify changes that could impact real estate values and strategy

Work collaboratively with Company acquisition team members in evaluating potential investments and opportunities

Qualification

Commercial real estateFinancial analysisAsset managementYardiReal estate accountingLeadershipCommunicationInterpersonal skillsOrganizational skills

Required

BA/BS degree in finance, real estate or related field with a strong record of academic achievement; graduate degree preferred

Minimum of 7-10+ years of commercial real estate asset management, principal-based leasing, and/or related experience with a strong background in urban retail centers

Experienced in financial analysis, understanding of asset level financial statements, and possess a demonstrated level of experience in lease management and metrics for retail assets

Knowledge of real estate accounting combined with strong analytical skills

Knowledge of design and construction process

Experienced in Yardi, MS Office 365 (MS Teams & other applications), MS Excel, Argus is a plus

Must be highly organized, detail oriented, and able to manage multiple and concurrent projects to achieve goals

Comfortable in a collaborative team-oriented environment

Exceptional communication and interpersonal skills

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