Director, Asset Management

Perform Properties•New York, NY

16h•Onsite

About The Position

Perform Properties is a Blackstone Real Estate portfolio company focused on high-performing retail and office properties with People-Appeal - vibrant spaces where people actively choose to work, shop, and gather. With expertise in transactions, development, leasing, and management, the company oversees over 33 million square feet of retail and office properties across the U.S. The Director– Asset Management (Director, AM) will report directly to the S VP of Asset Management, with a dotted line partnership to other leaders for shared accountability in the business plan and investment performance of assigned assets. The Director, AM will be primarily responsible for bringing analytical rigor and expertise to key value-maximization decisions around major leases, capital investments and timing of dispositions as well as leadership around resolving operational challenges at the asset (environmental, A/R, and entitlements). The position entails supervision, mentoring, coaching, and development of direct and indirect reports. This is a high visibility role with interaction with senior leadership at Perform. Travel to assets is required. This role is in the office, 5 days a week Monday-Friday. This is a dynamic opportunity for someone who thrives in a fast-paced, deal-oriented environment and is eager to work closely across functions to drive asset and portfolio value.

Requirements

Degree in finance, economics, mathematics, engineering, or equivalent quantitative-based field
A minimum of 6+ years of experience at a reputable real estate investment firm with significant experience in open-air retail
At least 2 years managing people
Excellent written and verbal communication skills
Translates complex technical concepts to understandable business terms
Ability to work independently, handle multiple projects and meet deadlines
Ability to do advanced Excel modeling and deep knowledge of Argus Enterprise
Strong understanding of real estate fundamentals, valuation, transactions, asset management and leasing
Ability to research, analyze and draw conclusions and communicate effectively
Demonstrated success in collaboration, creative thinking, and ability to learn new concepts quickly

Responsibilities

Collaborate with market leadership, leasing, operations, and other teams to build accurate cash flow models for each asset and investment.
Provide thought leadership around assumptions and key drivers of return on investment.
Identify, analyze, and report on key variances to underwriting and budget to provide recommendations to executive leadership.
Lead strategic analyses, which includes but is not limited to hold/sell decisions, evaluation of major leases, and capital decisions.
Own cash models and portfolio liquidity needs; anticipate cash management issues and provide timely reporting to market leadership and executive teams.
Collaborate and coordinate with market leadership to identify and implement priority value-add projects in alignment with underwriting and asset business plans.
Provide asset and investment level leadership in coordination with Transactions team to facilitate due diligence and closing process for dispositions and debt financings – including coordination of information and materials with various parties (buyers, sellers, lenders, brokers, and attorneys), as well as internal partners (Finance, Operations, Leasing, Construction, and Legal).
Review and sign off on due diligence materials and closing statements.
Drive collaboration, organization and communication of key work products and information to effectively articulate asset strategy and execution updates to Perform leadership and Blackstone.
Coordinate and collaborate with counterparts in Leasing, Construction / Development, Property Management, Accounting, and FP&A to drive alignment on asset strategy and execution.
Manage and Mentor Team: Orchestrate work and foster development of team such that work is produced effectively and junior colleagues learn and grow.
Provide exceptional mentoring and coaching to people beyond direct reports. Be the ultimate player coach!