Director, Asset Management & Special Projects

ARLP GS LLC • Rye, NY

11h • $160,000 - $175,000

About The Position

Acadia (NYSE:AKR), headquartered in Rye, New York, Acadia Realty Trust (NYSE:AKR) is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – core and investment management – platforms. Our energized team is accomplishing this goal by building a best-in-class, location-driven core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic urban and street-retail corridors, including those in New York, Chicago, Los Angeles, San Francisco, Washington DC, Dallas, and Boston. At the same time, we manage opportunistic and value-add investments through our investment management platform. Acadia is seeking a Director of Asset Management to join its Development & Special Projects team. The Director will play an integral role in managing the financial performance of large, mixed-use, shopping center assets and overseeing all aspects of business plan execution from acquisition through disposition. These retail properties play an important role in the surrounding communities and the Director will lead placemaking, marketing, and other strategic efforts to drive foot traffic, tenant sales, and future leasing. This is an interdisciplinary role that will require close collaboration with Acadia’s internal acquisitions, leasing, capital markets, legal, lease administration, construction, marketing, accounting, and property management teams. Additionally, the Director will be required to interface with external partners, lenders, consultants, contractors, attorneys etc. on a regular basis.

Requirements

• Bachelor's degree required
• 5-10 years of previous work experience in commercial real estate development, asset management, or acquisitions; New York City & retail experience preferred
• Advanced financial modeling and analysis capabilities in MS Excel and Argus Enterprise is required
• Executive presence; comfortable speaking and presenting to the senior management team and joint venture partners
• Strong understanding and track record of overseeing retail property operations and asset management
• Experience with leases, CAM pools and tenant billing, design and construction, OEA/REA’s, condominiums, loan documents and other legal documents
• Ability to travel
• Solid interpersonal and communication skills
• Excellent collaborator; works well with a team.
• Self-starter, demonstrated ability to multi-task and prioritize workload.

Responsibilities

• Spearhead the preparation of business plans and execution of core and value-add projects within Acadia’s existing portfolio and pipeline.
• Maintain property financial models (Excel and Argus) on a regular basis to reflect leasing, financing, and other changes to the property business plan.
• Oversee design, construction and capital projects required to reconfigure tenant spaces, common area, and improve the assets as needed
• Identify profitable opportunities to drive outperformance in leasing strategy, parking revenue, ancillary income, marketing, digital signate, operating expense management, CAM recovery optimization, and other creative strategies to drive bottom line performance
• Oversee training and development of Analysts, serve as a leader and mentor to junior team members
• Present financial reports and analysis to senior management and external partners.
• Represent Acadia to partners, lenders, government agencies and other outside parties.
• Work across internal departments to execute asset level projects including but not limited to leases, spec developments, value engineering initiatives, etc.

Benefits

• Employees may also be eligible to participate in an annual discretionary bonus program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 101-250 employees