Associate, Asset Management
About The Position
Sagard Real Estate is seeking an Associate to support property-level investment performance for a portfolio of equity real estate within a defined territory. The Associate reports to a Regional Director or Director management role and helps implement asset business plans, monitor investment performance, and support decisions affecting leasing, capital investment, cash management, and dispositions. The position works with internal teams and external partners on valuations, financial and operating reports, budgets, business plans, due diligence, leasing, development costs, and investment strategies. It also supports relationship management with joint venture partners, operators, brokers, attorneys, property managers, tenants, and other real estate professionals. The role requires a college degree and at least three years of commercial real estate experience. Experience in asset management and exposure to property management are preferred. An advanced degree is desirable. The position calls for advanced proficiency with Excel, Argus Enterprise, and relevant technology applications.
Requirements
- College degree.
- At least 3 years of experience in the commercial real estate business.
- Demonstrated interpersonal, leadership, management, communication, conflict-resolution, negotiating, and listening skills.
- Ability to benchmark and apply past experience to make well-reasoned, decisive decisions.
- Advanced proficiency with Excel, Argus Enterprise, and relevant technology applications.
Nice To Haves
- Advanced degree.
- Asset management experience and exposure to property management.
- Exposure to transactions, including acquisitions, dispositions, and leasing; deal structuring; underwriting; financing; compliance oversight involving complex ownership and financing structures; hold/sell analysis; valuation; financial reporting; investment performance management; major capital improvements; new construction, development, or redevelopment; financing; operations management; and accounting.
- Familiarity with property and life-cycle types, deal structures, and national and regional real estate markets.
Responsibilities
- Assist with active asset business plan implementation to help mitigate investment risk.
- Complete quarterly valuations and reports accurately and comprehensively.
- Prepare timely monthly and quarterly asset management reports, including variance comments.
- Maintain and update Argus Enterprise valuation models.
- Perform ad hoc sensitivity and performance-return analyses to inform cash management, leasing, and disposition decisions.
- Prepare and submit loan draw requests and track construction costs for development projects.
- Assist with formulating, critiquing, and approving annual property business plans, operating and capital budgets, reforecasts, internal and external appraisals, and sell/hold strategies.
- Support Asset Management Investment Committee presentations.
- Facilitate, within delegated authority guidelines, the signing of business documents and engagement of property management and leasing firms, and develop or execute approval processes for leasing, capital, and value-added investment strategies.
- Maintain organized electronic files documenting activities.
- Document the cost-benefit of leasing and capital investments and help ensure property-level decisions align with portfolio and client investment objectives.
- Build and sustain joint venture partner and operator relationships and help manage relationships with brokers, attorneys, property managers, tenants, and other third parties as needed.
- Advise the Regional Managing Director or Director on investment performance, budget variances, changes in market and property conditions, and valuation; recommend courses of action.
- Review proposed acquisitions and support the due diligence process.
- Network with real estate professionals to develop skills and increase awareness of Sagard Real Estate’s investment advisory capabilities.
- Assist with lease negotiations and help ensure lease administration is accurate and complete.
- Participate in regular leasing calls and negotiation processes.
- Conduct market research and compile relevant sales and leasing comparable data.
- Help approve capital work and invoices for assigned assets.
Benefits
- Merit-based annual bonus program.
- Health insurance.
- Vision insurance.
- Dental insurance.
- Long- and short-term disability coverage.
- 401(k) plan.
- Flexible time off.
- 401(k) matching program.
- Flexible spending account (FSA) and health savings account (HSA) options.
- Paid caregiver leave.
- Commuter pre-tax savings for parking and mass transit.
- Mentorship and leadership development opportunities.
- Paid social and engagement events throughout the year.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
