Associate or Senior Associate, Asset Management

Sagard Real Estate•Newport Beach, NY

23h

About The Position

Sagard Real Estate is a real estate investment advisor and operator providing investment management services throughout the U.S. including portfolio management, acquisitions, debt origination, asset management, development and property management for our investors. With $6.0 billion in assets under management, our clients invest in a variety of commercial real estate investment strategies through separate accounts and open-end commingled funds. Sagard Real Estate is based in Denver with regional investment offices in New York City, Charlotte, Austin, Los Angeles and San Francisco metro areas. For more information, visit www.sagard.com/realestate.

Requirements

College degree, with advanced degree desirable.
Minimum of 3 years of experience in the commercial real estate business, preferably in asset management and exposure to property management.
Some exposure in transactions (acquisitions, dispositions and leasing), deal structuring, underwriting, financing, compliance oversight with complex ownership and financing structures, hold/sell analysis, valuation, financial reporting, managing investment performance, major capital improvements, new construction/development/redevelopment, financing, operations management and accounting.
Some familiarity with all property and life-cycle types, deal structures and national and regional real estate markets.
Demonstrated interpersonal, leadership, management, communication, conflict resolution, negotiating and listening skills.
Ability to "benchmark" and apply past experience in order to make well-reasoned, but decisive decisions.
Advanced proficiency with Excel, Argus and relevant tech applications.

Responsibilities

Enhance department policies and procedures.
Help mitigate investment risk by assisting in active asset business plan implementation.
Initiate and complete accurate comprehensive quarterly valuations and reports.
Perform accurate and timely completion of monthly/quarterly asset management reports, including comprehensive variance comments.
Maintain & update Argus Enterprise valuation models.
Perform Ad-hoc sensitivity and performance return analysis to inform cash management, leasing, and disposition decisions.
Preparation and submittal of loan draw requests and construction cost tracking for development projects.
Assist in formulation, critique and approval of comprehensive annual property business plans, operating and capital budgets, reforecast process, internal and external appraisals and sell/hold strategies. Support Investment Committee presentations by Asset Management.
Through delegated authority guidelines, facilitate the signing of business documents, engagement of property management and leasing firms, and development/execution of approval process for leasing, capital and value-added investment strategies.
Drive adequate documentation of all activities in an organized electronic file system.
Assist with timely, cost-effective legal solutions to business problems.
Help ensure that the cost-benefit of all leasing/capital investment is documented and ensure that all property-level decisions reinforce overall portfolio and client investment objectives.
Help build and sustain joint venture partner and operator relationships. Help manage all third party relationships with brokers, attorneys, property managers, tenants, etc. as needed.
Advise Regional Managing Director or Director regarding investment performance, budget variances and changes in market/property conditions and valuation, and recommend course of action.
Review proposed acquisitions, and provide support in due diligence process.
Network and build relationships with other real estate professionals to enhance personal skills and increase industry awareness of Sagard Real Estate’s investment advisory capabilities.
Help with lease negotiations. Assist in ensuring lease administration is accurate and complete.
Participate in regular leasing calls and negotiation process.
Conduct market research and compile relevant sales and leasing comp data.
Help approve all capital work and invoices for dedicated assets.