Vice President, Asset Management

American Realty Advisors•Los Angeles, CA

1d•Onsite

About The Position

American Realty Advisors, LLC (ARA) is a privately held private equity institutional real estate investment manager with more than $11 billion in assets under management as of June 30, 2026. ARA invests for institutional investors in core and value-add real estate funds and separate accounts, targeting industrial, office, multifamily, and retail assets nationwide through direct equity, hybrid debt, mezzanine, and preferred equity structures. The Vice President, Asset Management leads and directs asset management for a portfolio of commercial and residential real estate assets, with critical experience in retail shopping centers as well as office and industrial sectors. Reporting to the Managing Director, Asset Management, the role supports an industry-leading asset management approach across commercial and residential portfolios. It oversees third-party property managers, leasing staff, construction managers, and others involved in managing assets, and directs strategic planning, leasing, financial analysis, operating and capital budgets, valuations, and quarterly and annual performance reporting. The Vice President also works with the EVP, Portfolio Management, and the Investment Group to evaluate potential acquisitions and support due diligence, underwriting, and long-term asset planning. This includes validating that a prospective asset can be managed in accordance with its business plan, underwriting, and long-term budget. The position is based in ARA’s downtown Los Angeles office. The candidate is expected to reside in Southern California and commute to the office. Employees are currently expected to work in person at least four days per week, subject to possible adjustment as business needs evolve. Expected hours are 8:30 a.m. to 5:30 p.m., Monday through Friday, with occasional weekends. Business travel, including overnight stays, may be required, and occasional use of a personal vehicle for business may be necessary. The work environment is a general office environment.

Requirements

Undergraduate degree in Finance, Real Estate, Accounting, or a related field.
At least 10 years of direct work experience in commercial/residential real estate asset management from an asset management perspective.
At least 3 years of direct oversight of analytical professionals.
Strong financial and mathematical skills, including the ability to calculate and understand discounted cash flows, net present value, and internal rate of return.
Thorough understanding of accounting principles and ability to interpret standard accounting reports and statements.
Knowledge of the private equity real estate market and how such investments work and are structured.
General knowledge of joint venture agreements, loan documents, lease agreements, property management agreements, development agreements, service contracts, and title documents.
Broad understanding of the construction process, terminology, and AIA documents.
Ability to solve practical problems in situations with limited standardization and interpret written, oral, or schedule-form instructions.
Familiarity with word-processing and spreadsheet software.
Demonstrated proficiency and precision in Microsoft Excel, including building formulas.
Familiarity with creating ARGUS Enterprise models and reviewing and adjusting Altus valuation models.
General knowledge of accounting and financial reporting, with a basic understanding of MRI and/or Yardi reporting.
Strong organizational skills and ability to follow processes.
Ability to articulate concepts and strategies effectively to various stakeholders.
Expected to reside in Southern California and commute to ARA’s downtown Los Angeles office.
Ability to work in person at least four days per week under the current office expectation.
Ability to travel on business, including trips with overnight stays, and occasionally drive a personal vehicle for business.

Nice To Haves

Master’s degree and/or professional designation such as RFA or CPM.
Additional expertise in capital projects, property management, acquisitions, dispositions, and leveraged assets.
Development experience.
Experience with retail shopping center assets, in addition to office and industrial sector experience.

Responsibilities

Develop and drive implementation of strategic business plans for portfolio commercial and residential assets.
Lead asset management, strategic planning, and leasing for an assigned portfolio.
Identify, develop, and implement value-added strategies for existing assets and potential acquisitions, including renovations and ground-up development.
Oversee property operations, including reviewing property management reports, tracking weekly and monthly status reports, and maintaining relationships with property managers and onsite staff.
Collaborate with joint venture partners on existing investments and new opportunities and ensure compliance with agreements.
Manage debt encumbering real estate assets and ensure compliance with loan obligations and covenants, including payments, reporting, and financial covenants.
Supervise, train, and motivate property managers, leasing staff, and other personnel.
Conduct site visits to review curb appeal, capital improvement projects, model inspections, expense approvals, and personnel issues.
Understand architectural plans, contracts, and engineering studies, and work with attorneys on lease language.
Work with onsite leasing teams to attract, qualify, and retain tenants and develop marketing strategies to maximize effective rents.
Lead commercial letters of intent and lease negotiations on behalf of ownership in collaboration with leasing teams and counsel.
Oversee property-level analysis, including property management contracts, requests for proposals, construction matters, and vendor agreements.
Conduct market research to assess asset positioning and update demographic and market information.
Review potential acquisitions and work with the Investment Group to develop long-term models and support underwriting assumptions.
Perform market research to support acquisition-model underwriting assumptions and oversee physical inspections to understand how asset deficiencies affect underwriting.
Develop and maintain relationships with investment brokers.
Advise investment team members and report to the Investment Committee on proposed investments and asset management considerations.
Manage preparation of business plans and monthly and quarterly reports efficiently and on time.
Prepare annual portfolio review materials and present reviews to trustees, consultants, and client staff, as applicable.
Review effective lease rates, capital improvement budgets, and operating budgets.
Participate in investor calls and presentations to help shape the asset management team’s direction and investment vision.
Review operations for compliance with joint venture agreements, development management agreements, loan documents, and related documents.
Supervise timely completion of asset valuations, including hold/sell analyses and quarterly and annual valuations.
Perform financial and hold/sell analyses and report asset performance quarterly and annually using internal rate of return and time-weighted measures.
Collaborate and communicate promptly and transparently with ARA leadership, the Investment Committee, and teams across the platform.
Create and update business plans and operating budgets.
Develop and execute capital improvement plans on time and within budget.
Coach and mentor team members.
Assist with review and negotiation of architectural, construction, and other consulting-services contracts in partnership with stakeholders and outside counsel.
Support due diligence for value-add and core acquisitions by reviewing and auditing pro forma models, operational resources, and relevant documents; validating capital and operating budgets and leasing assumptions; researching markets; and participating in physical inspections.