Commercial Real Estate Asset Manager

Bridge33 Capital • Chicago, IL

415d • $175,000 - $225,000

About The Position

The Asset Manager at Bridge33 Capital plays a crucial role in the company's growth by developing and implementing strategies for a portfolio of retail properties. This position is integral to the asset management team, responsible for the full life cycle of assets, including onboarding, managing, and determining optimal sale timing. The role requires collaboration with senior management and involves mentoring a team of associates and analysts.

Requirements

• 10-15 years' experience in retail real estate asset management or equivalent experience in the retail asset class.
• Extensive experience with retail assets is required.
• Demonstrated ability to work independently, take initiative, set priorities, follow through on assignments, assess changing conditions, and make recommendations with supporting analysis.
• Strong problem-solving skills, particularly in the face of ambiguity.
• Self-motivated with an effective interpersonal and collaborative working style, along with a strong work ethic and a 'roll up your sleeves' attitude.
• Expert Excel skills and familiarity with Google productivity tools.
• Excellent analytical skills and a strong sense of urgency.

Responsibilities

• Responsible for the full life cycle of an asset portfolio, including onboarding new assets, formulating and executing value-add strategies, managing stabilized assets, and determining the optimal time to sell.
• Accountable for independently formulating and executing short-and long-term asset strategies, while aligning with the broader strategic objectives of the company.
• Professionally and effectively present recommendations and performance insights to senior management and related partners.
• Conduct regular portfolio reviews, market analyses, and property evaluations to identify opportunities for value enhancement.
• Foster a culture of collaboration, accountability, professional development and results.
• Manage and mentor a team of Asset Management Associates and Analysts.
• Maintain a deep understanding of retail properties, the time value of money, complex deal structures, real estate finance, leasing, property management, and construction.
• Review, analyze and comment on the financial information produced by your team, including evaluating and assessing complex financial models.
• Identify and implement processes, metrics, and benchmarks to enhance reporting and performance tracking for portfolio projects.
• Provide regular status updates on portfolio assets through relevant reports and supporting documentation to senior management and real estate committees.
• Proactively propose corrective solutions to mitigate risk.
• Perform other related duties as assigned.

Benefits

• Fast paced and dynamic work environment, including frequent interaction with the senior management team
• Flexible time off policy
• Company sponsored medical, dental and vision insurance
• Company paid life insurance
• Company paid short- and long-term disability insurance
• Paid parental leave
• 401k plan with Company match
• 11 paid holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Real Estate
• Education Level: No Education Listed