Regional Real Estate Asset Manager

Ackermann Group • Cincinnati, OH

3h • Onsite

About The Position

Ackermann Group is seeking a Regional Real Estate Asset Manager to join its team at the corporate headquarters in Cincinnati, Ohio. The position acts as a fiduciary for ownership and investor interests and is responsible for understanding economic conditions and trends in relevant markets, researching competitor properties, recommending and implementing asset positioning and pricing strategies, maximizing structural economics, proposing annual budget targets, conducting financial analysis and portfolio valuations, and inspecting Ackermann properties.

The role provides regional portfolio financial leadership to maximize asset performance, evaluates rental and cash flow results against objectives, and leads annual budgeting and quarterly forecasting. It analyzes property condition and factors affecting tenant demand, conducts site inspections, communicates findings and actions to Property Management, and monitors follow-through. It also works with the Regional Triumvirate Leadership Team, including Operations and Accounting, to establish and execute plans for achieving cash performance.

The manager recommends pricing strategies for each site and makes tactical rent and concession decisions, including daily review and approval of property rents in AIRM. For acquisitions and divestitures, the role develops submarket and comparable-property knowledge, maintains broker relationships, underwrites deals using data-driven assumptions, assesses value-add investments and rent growth opportunities, defines exit horizons, and analyzes buy-versus-hold choices.

Requirements

• Bachelor’s degree in finance, real estate, economics, pricing, or a related field.
• At least 5 years of experience in commercial real estate.
• Demonstrative experience in financial analysis and planning, valuation, acquisitions and divestitures, and capital markets.
• Proficiency in reading accounting and financial reports and rent rolls, and in presenting and engaging with multifunctional business partners.
• Advanced proficiency in Microsoft Excel.

Nice To Haves

• Master’s degree.

Responsibilities

• Act as a fiduciary for ownership and investor interests.
• Develop a detailed understanding of economic conditions and trends in relevant markets and research competitor properties.
• Recommend and implement appropriate asset positioning and pricing strategies and maximize structural economics.
• Propose annual budget targets and conduct regular financial analysis and valuation of the portfolio.
• Inspect Ackermann properties.
• Lead regional portfolio financial efforts to maximize asset performance.
• Evaluate rental and cash flow performance against financial objectives and determine remedies for variances.
• Lead annual budget setting and quarterly forecast updates, including recommending NRI/NOI targets, facilitating decisions to close gaps to target, providing recommendations on annual capital spending, and aligning operating budgets with senior management.
• Analyze property condition, unit fit and fixtures, promotional strategies, price positioning, capital needs, and other factors affecting tenant demand.
• Conduct routine site inspections of Ackermann and competitive properties; assess asset condition, show readiness, unit fit and finish, and staff effectiveness relative to market position.
• Communicate inspection findings and indicated actions to Property Management and monitor and report on completion.
• Ensure the Regional Triumvirate Leadership Team, including Operations and Accounting, understands requirements for delivering cash performance, supports 1-year and 90-day Rocks, and executes To-Dos to address Issues.
• Recommend overall pricing strategies for each site relative to class, location, and key competition.
• Make tactical rent and concession decisions according to the Company’s Decision Authority, using secondary data sources and primary competitive-property research.
• Review and approve property rents in AIRM daily.
• Develop a deep understanding of individual submarkets, comparable properties, and pricing conditions to establish each asset’s relative strategic position.
• Develop and maintain relationships with real estate brokers to identify potential acquisition targets.
• Underwrite deals using data-driven operating assumptions, assess value-add investments and rent growth opportunities, and model return scenarios.
• Define exit horizons and conduct annual buy-versus-hold analysis for each asset.

Benefits

• Competitive compensation.
• Health benefits, including medical, dental, and vision insurance.
• 401(k) retirement program with company match.
• Paid time off, including sick leave, vacation, holidays, and the employee’s birthday.
• Employee rent discount to live at any Ackermann community.
• Career coaching and development.
• Company engagement events.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level