American Realty Advisors · 3 days ago
Associate, Asset Management
Los Angeles, CA
Full-time
Onsite
Mid Level
3+ years expAmerican Realty Advisors is one of the largest privately held private equity real estate investment managers in the United States, managing over $11.0 billion in assets. The Associate, Asset Management will provide financial analysis and support operational strategies within ARA’s asset management group, focusing on a national portfolio of commercial and multifamily real estate assets.
Financial ServicesReal Estate
Responsibilities
Gain proficiency in understanding the firm's property management and asset management policies, procedures, and guidelines
Understand economic, market, and real estate industry trends impacting the assigned portfolio
Support asset managers with property leasing and operations, including:
Review and evaluation of monthly reporting packages and cash flow distributions/contributions, identifying variances and discrepancies, and ensuring accuracy
Prepare detailed financial analyses of operating performance, leasing trends, submarket analytics, and competitive property analysis
Assist in preparing memos and presenting investment committee recommendations and other matters to firm leadership for asset repositioning, major leasing, hold/sell analyses, dispositions, acquisitions, development, large capital projects, and other threshold matters
Extract metrics from various data sources, including CoStar, MRI, and Argus Enterprise, to support the development of strategic business plans and property operating budgets
Maintain reputation, relationships, and efficient information flow between asset managers, third-party property managers, leasing teams, joint venture partners, portfolio managers, and leadership
Conduct periodic physical inspections of assets, touring competitive properties, developing industry knowledge and relationships, and commanding a general understanding of the market and submarket dynamics
Review common area maintenance reconciliations generated by third-party property managers against tenant leases and property operating expenses. Partner with accounting to ensure amounts billed tie with the general ledger. Submit reconciliation approval worksheets to the asset manager for approval and processing
Assist with the documentation process, developing an understanding of ARA’s legal forms
Create Economic Lease Analysis for each new lease proposal utilizing ARA's internal analysis model
Participate and provide input in negotiations from the lease proposal stage through lease execution
Participate in operational calls with property managers to discuss asset strategy, vendor engagement, asset performance, capital projects, leasing trends and marketing strategy, and other business matters
Support quarterly accounting reviews of each asset, including business plan and budget performance
Review and certify rent roll accuracy to ensure accurate reporting; and
Complete annual budgets and quarterly investment status updates for assets
Conduct thorough market research to:
Validate asset acquisition or new development underwriting
Support the proposed market positioning and asset strategy
Compile comparable sales data and future development pipeline
Assist the Investment Group in the overall underwriting, committee recommendation drafting, due diligence, and asset management transition processes, as needed for acquisitions and new developments; and
Support dispositions activities by preparing the assets for sale, drafting the committee recommendation, interfacing with the disposition team, and supporting the overall due diligence and closing processes
Support asset managers with oversight of the development and construction process, including:
Conducting detailed reviews of construction draw packages and related monthly development and financial reports
Performing periodic site inspections with asset managers and construction services team
Participating in owner, leasing, property manager and partner status calls
Preparing development status reports and presentations for leadership
Developing a general understanding of the construction process, terminology, and AIA documents; and
Preparing wire transfer requests for internal approval
Support portfolio management to track and report critical issues and handle ad hoc requests from the portfolio management team
Support quarterly and annual valuations processes for assigned assets, including:
Reviewing quarterly asset valuations and follow-up on discrepancies or inconsistencies; interface with appraisers and asset managers to finalize value; and
Verifying the accuracy of the rent roll, tenant recoveries, market lease assumptions, valuation metrics, operating expenses, and capital expenditures
Based upon needs of ARA, support other analysts and associates in executing the various periodic requests that further department or firmwide initiatives
Other activities that may be assigned from time to time
Qualification
Required
Bachelor's degree in Finance, Real Estate, or related field required
At least three (3) years of relevant experience in commercial real estate analysis or asset management; an intermediate understanding of real estate finance associated terms and formulas, as well as the construction/development processes
Strong financial and mathematical skills including, but not limited to, the ability to calculate and understand discounted cash flows, net present value, and internal rate of return
A thorough understanding of accounting principles, including the ability to comprehend common accounting reports and operating statements, budget analysis, and financial reporting, is required
Possess general knowledge of lease agreements, joint venture agreements, loan documents, property management agreements, leasing service agreements, development agreements, service contracts, and title documents
Have a broad understanding of the construction process, terminology, and AIA documents
Ability to solve practical problems in situations where only limited information may be immediately available
Ability to interpret a variety of instructions furnished in written, oral, or schedule form from multiple managers
Familiarity with various software for word processing and spreadsheet preparation
Demonstrated proficiency and precision in Microsoft Excel with the ability and understanding of how to build formulas
Proficiency in ARGUS Enterprise models and reviewing and adjusting financial models
Familiarity with MRI and Yardi reports
Detail oriented with strong organizational skills and the ability to follow processes
Preferred
Master's degree in Finance, Real Estate, or related field
Company
American Realty Advisors
American Realty Advisors is a California-based institutional investment management firm.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Stanley Iezman
Chairman/CEO
Tannia Soto
Executive Assistant To Chief Executive Officer
Recent News
Charlotte Business Journal
2025-03-04
San Francisco Business Times
2025-02-12
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