Asset Manager

Legend Management Group • McLean, VA

6d

About The Position

Elm Street Development is seeking an experienced Asset Manager to oversee its income-producing real estate portfolio. The role covers asset management, leasing, financing, development, and construction. The successful candidate will be a well-rounded self-starter with strong general management and communication skills. The company has a mandatory COVID-19 vaccination policy.

Elm Street Development is a privately owned real estate development firm founded in 1977, with communities in the Washington, Baltimore, and Eastern Shore regions. Its commercial portfolio includes 25 properties, including 20 multifamily properties and some retail and office properties, as well as a development pipeline. The company focuses on developing land, lifestyles, neighborhoods, and relationships. This job description outlines the general nature and level of the work and is not an exhaustive list of duties; additional job-related duties may be assigned. Continued employment is at will.

Requirements

• A master’s degree or an undergraduate major in business administration or finance.
• Excellent Excel skills.
• Excellent spoken and written business communication skills.
• A well-rounded, self-starting approach with strong general management and communication skills.

Nice To Haves

• Three to five years of experience in commercial real estate banking or property management is strongly preferred.

Responsibilities

• Oversee stabilized assets by directing third-party property managers and leasing brokers.
• Manage third-party contractors constructing new retail properties through stabilization.
• Implement programs to improve property performance and maximize cash flow.
• Analyze financial statements and property operating statements.
• Review and direct annual property budgets.
• Make leasing decisions for new leases and renewals, including negotiating business terms and lease documents.
• Plan and present at annual partner meetings.
• Manage communications with partners.
• Supervise capital improvement programs.
• Manage third-party annual appraisals.
• Prepare and improve monthly, quarterly, and annual portfolio reports covering operations, financials, leases, capital improvement projects, and related matters.
• Prepare loan packages for commercial property mortgages.
• Assist the CFO with commercial property loan closings, refinances, and compliance reporting as needed.

Benefits

• Competitive compensation package and bonus plan.
• 100% employer-paid health insurance.
• 100% employer-paid life and disability insurance.
• Dental and vision insurance.
• Paid holidays, vacation, sick, personal, and bereavement time off.
• Company-matched 401(k).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level