Real Estate Portfolio Associate, Asset Mgmt.
About The Position
Time Equities, Inc. is seeking a self-motivated and reliable associate to assist senior leadership with implementing business plans across an 8-million-square-foot office, multifamily, and industrial portfolio. Strategies include redevelopment, leasing, disposition, and management. The role offers exposure and experience supporting a real estate career path. The Associate reports to the co-heads of the portfolio and works from the company's NYC office in the Flatiron District. The position manages leasing activity and supports property operations, financial reporting, budgeting, construction, and expense management.
Requirements
- 1–3 years of experience managing a commercial property portfolio.
- High-level knowledge of Excel, Yardi, MRI, or other property accounting software.
- Excellent interpersonal, analytical, and writing skills.
- Strong organizational skills.
Nice To Haves
- Accounting experience.
Responsibilities
- Manage the full leasing lifecycle for new leases, renewals, expansions, amendments, and terminations, from initial proposal through execution and tenant move-in.
- Prepare and negotiate LOIs, term sheets, and lease drafts with third-party brokerage teams, counsel, brokers, and tenant representatives.
- Underwrite proposed deals, including net effective rent, tenant improvement and leasing commission costs, free rent, and effects on property cash flow and valuation.
- Coordinate required approvals from ownership, asset management, and lenders, including SNDAs, estoppels, and lender consents.
- Track tenant improvement work and landlord deliverables with property management and construction teams through rent commencement.
- Manage day-to-day broker relationships and prepare leasing activity reports and market comparables for portfolio reviews.
- Initiate and maintain annual property operating budgets, including for NYC commercial condominiums.
- Monitor and update cash management trackers and reserve fundings, including for NYC commercial condominiums.
- Perform monthly property reporting, including for NYC commercial condominiums.
- Monitor tenant and unit-owner arrears and coordinate reconciliations with the Rents Department and third-party managers.
- Oversee distribution schedule funding from third-party managers.
- Assist with construction bidding and monitoring.
- Bid out and negotiate annual maintenance contracts.
- Research and initiate approaches to reduce property expenses.
Benefits
- Medical, dental, vision, life, and disability insurance.
- 401(k) retirement plan with company-matched contributions.
- Voluntary benefits, including a flexible spending account and additional life insurance coverage.
- Up to $3,500 per year in tuition reimbursement for continuing education relevant to the job.
- Tax-free benefits for mass transit or parking expenses.
- Employee Assistance Program, including counseling, financial and legal consultation, and referrals for care services.
- Opportunity to enroll in an internal mentorship program.
- Opportunity to serve on internal committees, including the Change Committee and Wellness Committee.
- Paid time off, including vacation, sick, and personal days.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
