Associate, Bronx Portfolio

About the position

The Associate is responsible for supporting the oversight, development, and direct management of cumulative real estate strategies located within the Borough of the Bronx, including Bathgate Industrial Park, Kingsbridge Armory, the Peninsula and various others. The Associate will also provide administrative support to the portfolio.

Responsibilities

• Negotiate, draft and execute on a variety of agreement types, including Operating Agreements, Leases, Amendments, Permits, Renewals and other contracts, in partnership with the EDC Legal team, City Law and outside counsel where appropriate.
• Identify and collaborate on opportunities for redevelopment within the portfolio, planning for RFPs and/or capital projects to modernize, expand or reposition assets.
• Manage the annual asset management calendar, including tenant communications, monthly portfolio meetings to reconcile management budgets, review lease pipelines, plan for lease expirations, evaluate tenant financial reports, manage arrears and collections, investigate insurance issues, advise on any ongoing litigations and other regular asset management tasks.
• Lead project status update meetings as well as prepare thorough presentation materials for engagement with internal and external parties.
• Work with the Business Operations team to prepare annual revenue/expense budgets.
• Manage tenant, third party contractor and various City agency relationships, analyze issues, negotiate terms and document outcomes appropriately.
• Manage tenant leasing opportunities, such as vetting financial performance, evaluating proposals and terms, and negotiating and executing leases.
• Collaborate with the Design and Construction Team to manage the progress of construction projects, monitor completion schedules, ensure payment of bonds and subcontractor payments, and resolve building violations and liens.
• Collaborate with Property Operations Team to manage building repairs, maintenance and security matters and budget issues.
• Serve as a key representative at all required venues to present project/asset performance, implemented strategies and thought leadership through case studies.
• Develop and/or participate in special projects with City Hall, including interaction with the Deputy Mayor and City Hall staff.
• Perform the review of tenant financial statements and complex financial analysis for leases receiving percentage and other types of rent.
• Work with Lease Administration team to ensure the proper abstraction of leases and other agreements and assist Lease administration team with lease enforcement and collection activities as needed.
• Oversee the construction or maintenance and update of lease files within the portfolio.
• Assist in the continuous development of standard process and operating procedures for the management of portfolio.
• Ensure strategic goals are being met at the project and tactical levels.

Requirements

• At least 3 years of experience in commercial real estate development, real estate finance, CRE property management, asset management, private equity, management consulting, economic development and/or related field.
• Bachelor’s degree in business administration, finance, real estate and other related fields.
• An independent and strategic thinker with ability to structure and 'sell' a plan.
• Proven project management skills with high attention to detail.
• Demonstrated written and verbal communication skills.
• New York City residence is required within 180 days of hire.

Nice-to-haves

• Master’s degree in business administration, finance, real estate and other related fields.
• Experience with negotiation and document drafting.
• Experience with construction and property management.
• Experience working directly with property managers and tenants.
• Experience with zoning and land use to evaluate development plans.
• Market research and/or appraisal experience.
• NYC real estate experience.

Benefits

• Generous employer subsidized health insurance
• Medical, dental, and pharmacy plans
• Vision and hearing benefits
• Flexible spending accounts for healthcare and dependent care
• Short term and long-term disability coverage
• 100% employer covered life insurance and supplemental life insurance coverage
• Up to 25 vacation days
• Floating Holidays and Summer Fridays
• Parental leave - up to 20 paid weeks
• Retirement savings programs
• Company-paid 401(a) defined contribution plan
• 457(b) tax-advantaged retirement savings plan
• Tuition Reimbursement program
• Continuing education and professional development
• Public Service Loan Forgiveness (PSLF) eligible employer
• College savings plan
• Backup childcare
• Gym membership discounts
• A Calm.com membership for mindfulness and mental health support
• Employee discounts through Plum Benefits and much more