Associate, Asset & Portfolio Management

The Sobrato Organization•Mountain View, CA

2d•Hybrid

About The Position

The Associate position will help analyze, create and oversee the Real Estate business group’s asset and portfolio management strategies and implementation plans on a portfolio of mixed-use real estate assets. The portfolio consists of approximately 7,500 multifamily units and over 6 million square feet of commercial assets. The portfolio is located along the West Coast with a significant concentration in the SF Bay Area. The Associate will report directly to the Co-Chief Real Estate Officers and interact with all of the business group’s departments, including Development, Commercial Property Management, Leasing/Transactions, Multifamily Asset Management, and Sustainability. This role’s specific responsibilities include, but are not limited to, preparing financial analyses, supporting commercial leasing and acquisition activities, overseeing the annual valuation process, managing the commercial budgeting process, conducting market research and reporting on financial and operational results. This position involves both individual and collaborative team work.

Requirements

Bachelor’s degree with emphasis in Finance, Real Estate or related field a plus.
5+ years experience in real estate investing and/or asset/portfolio management of multifamily and commercial assets.
Strong financial analytic skills, particularly in MS Excel and Argus. Knowledge of Yardi is a plus.
Excellent communication and presentation skills
Proficient with Microsoft Office software products, including Outlook, Excel, Word, Teams and Projects
Ability to work collaboratively in a team environment, but also individually with minimal supervision
Familiarity with major West Coast real estate markets
Ability to travel outside of the SF Bay Area

Responsibilities

In collaboration with the commercial Property Management department, prepare annual business plans for the commercial portfolio
Manage the annual budgeting process for the commercial portfolio by reviewing asset level budgets and preparing a portfolio level summary/analysis
Support and/or co-manage the sourcing, evaluation and closing of debt financing for new acquisitions, refinances and substitutions
Assist with commercial leasing efforts by preparing financial analyses, attending tours with prospective tenants, collaborating with 3rd party brokers and negotiating leases
Prepare dynamic financial analyses in Excel and/or Argus that project cash flows, financial returns and asset values based upon underwritten assumptions and allow for scenario analysis on new commercial investments
Prepare investment memorandums and presentations for new transactions
Develop and maintain relationships with property managers, brokers, lenders and other key partners
Conduct site visits and market tours
Work with legal counsel to draft and negotiate agreements and contracts
Develop Real Estate group level financial model that analyzes and projects cash flows, values and returns for the real estate portfolio by asset
Conduct financial analyses that calculate the realized and unrealized returns on real estate investments at a portfolio and sub-portfolio level
Prepare reports and manage reporting systems on the operational and financial performance of the real estate portfolio
Evaluate opportunities to optimize the business group’s debt and equity financing structure
Research and analyze macro and micro market trends on geographies and asset classes to identify attractive market segments
Explore new technology platforms/tools that can be adopted to enhance customer experiences, improve reporting capabilities and/or drive asset value
Monitor public policy changes, regulations and industry trends to ensure compliance and maintain a proactive market position
Communicate and collaborate with internal and external team members regarding the details and status of projects
Other responsibilities as assigned

Benefits

Medical, dental, and vision benefits for employees and dependents on the first of the month following the hire date
Short and long-term disability and life insurance
Fertility program benefits
Comprehensive mental health benefits for employees and dependents
Retirement savings account with matching contributions of up to 10%
Twenty PTO days in the first year of service in addition to paid year-end closure days between Christmas and New Year’s Day
Eleven paid holidays
Transit commuter benefits
Tuition assistance and professional development initiatives for growth
Technology allowance
Employee matching gifts program
Generous parental leave
Flexible and inclusive work environment
Enjoy a professional yet comfortable work environment with our business casual dress code
Catered lunches, healthy snacks and beverages
Acknowledgement for exceptional work as well as important moments in the lives of those we work with