Asset Manager
$130k - $150k USD
Our Asset Manager will be responsible for managing a portfolio of distressed assets in receivership, working with internal and external teams to meet the objectives of each asset, maximize property performance, and stabilize assets for their next phase.
Desired Competency, Experience and Skills:
- 3+ years of experience with a focus on asset management activities, including leasing, financing, managing tenant improvements, capital investments, and dispositions
- Experience with distressed assets- often class C and B
- Ability to be self -sufficient to work outside the box to figure out challenges
- Exposure to legal aspect of commercial assets in receivership
- Comfortable navigating quickly changing portfolios and maintaining discretion when interfacing with building tenants
- Bachelor's Degree in Real Estate, Finance, Accounting; MBA a plus
- In-depth knowledge of real estate finance including commercial lease terms and debt and equity structures
- Able to successfully work in a team-oriented environment and partner with internal colleagues, external suppliers, and cross-functional groups
- Strong analytical, accounting and critical thinking skills
- High comfort level with the technology used to aid in collaboration, communication, and documentation
- Excellent written and oral communication skills
- Advanced knowledge of Excel including building templates for other users.
Responsibilities:
- Develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition
- Assure financial performance, timely reporting, proactive and high-quality repairs and maintenance, and positive tenant relations
- The candidate should enjoy everchanging work assignments as the portfolio could frequently change
- Assist with conducting transaction analysis and support due diligence for new acquisitions
- Assist with due diligence and follow-up on property transactions
- Review monthly property management reports for variance against budget and strategy
- Prepare monthly, quarterly, and annual reporting for investor clients and senior leadership
- Create cash flow projections, analyze and recommend investor capital calls and distributions
- Develop analytical tools to allow leadership to better understand the state of the portfolio
- Monitor and maintain compliance with all lender requirements
- Monitor timely payment of taxes and insurance premiums
- Monitor all escrow accounts and operating cash accounts to assure they are properly funded
- Collaborate with other departments to improve and document processes and streamline reporting
- Oversight of 3rd party brokerage teams and leasing
- Negotiate leases and renewals throughout the portfolio
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Pay Range
$130,000—$150,000 USD
About Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.
All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.
By submitting your information or resume in response to this opportunity, you acknowledge that your personal information will be handled in accordance with the companies privacy policy.
Lincoln Property Company does not accept unsolicited resumes from third-party recruiters unless they were contractually engaged by Lincoln Property Company to provide candidates for a specified opening. Any such employment agency, person or entity that submits an unsolicited resume does so with the acknowledgement and agreement that Lincoln Property Company will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. At this time, we are not working with any agencies.