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Acadia Realty Trust · 2 weeks ago

Director, Asset Management & Special Projects

Rye, NY

Full-time

Onsite

Lead/Staff, Director/Executive

$160K/yr - $175K/yr

5+ years exp

Acadia Realty Trust is seeking a Director of Asset Management to join its Development & Special Projects team. The Director will manage the financial performance of large, mixed-use shopping center assets and oversee business plan execution, while collaborating with various internal and external stakeholders.

Real Estate

Hiring Manager

Lesley Valente

Responsibilities

Spearhead the preparation of business plans and execution of core and value-add projects within Acadia’s existing portfolio and pipeline

Maintain property financial models (Excel and Argus) on a regular basis to reflect leasing, financing, and other changes to the property business plan

Oversee design, construction and capital projects required to reconfigure tenant spaces, common area, and improve the assets as needed

Identify profitable opportunities to drive outperformance in leasing strategy, parking revenue, ancillary income, marketing, digital signate, operating expense management, CAM recovery optimization, and other creative strategies to drive bottom line performance

Oversee training and development of Analysts, serve as a leader and mentor to junior team members

Present financial reports and analysis to senior management and external partners

Represent Acadia to partners, lenders, government agencies and other outside parties

Work across internal departments to execute asset level projects including but not limited to leases, spec developments, value engineering initiatives, etc

Qualification

Financial modelingAsset managementCommercial real estateRetail property operationsMS ExcelArgus EnterpriseInterpersonal skillsCommunication skillsCollaborationSelf-starter

Required

Bachelor's degree required

5-10 years of previous work experience in commercial real estate development, asset management, or acquisitions

Advanced financial modeling and analysis capabilities in MS Excel and Argus Enterprise is required

Executive presence; comfortable speaking and presenting to the senior management team and joint venture partners

Strong understanding and track record of overseeing retail property operations and asset management

Experience with leases, CAM pools and tenant billing, design and construction, OEA/REA's, condominiums, loan documents and other legal documents

Ability to travel

Solid interpersonal and communication skills

Excellent collaborator; works well with a team

Self-starter, demonstrated ability to multi-task and prioritize workload

Preferred

New York City & retail experience preferred

Benefits

Employees may also be eligible to participate in an annual discretionary bonus program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.