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SalaryWe are seeking a talented and experienced Asset Manager to join us at the Associate level. The Candidate should have a minimum of 4 years of progressive experience in real estate Asset Management, preferably within commercial or institutional settings.
The position in Asset Management at Industry City is responsible for maximizing real estate value by developing and executing business plans on assigned real estate projects and providing institutional-quality reporting to assist in strategic decision-making across the organization.
This role will work in a fast-paced and demanding environment. The ideal candidate will be self-motivated and an independent thinker.
Key Responsibilities:
- Develop and execute strategies to enhance property performance and increase revenues.
- Analyze financial data, including budgets, forecasts, and cash flow projections, to identify opportunities for improvement and cost-saving measures.
- Underwrite and provide credit analysis for lease transactions.
- Maintain, refresh, and reforecast internal ARGUS cash flow projections.
- Prepare comprehensive reports and presentations for the partnership, investors, and senior management, highlighting key performance indicators, financial metrics, and strategic recommendations.
- Support the production of both the annual business plan and budget.
- Monitor market conditions, competitor activities, and industry trends to identify emerging opportunities and threats.
- Update and manage Asset Management property level cashflow and business segment reporting.
- Assist in capital markets initiatives, including managing relationship and communication with lender.
Qualifications:
- 4+ years of experience working for an institutional quality Real Estate investor, lending institution, or Real Estate Investment Trust.
- MBA candidates are encouraged to apply.
- Ability to generate complex reports and synthesize large data sets in Microsoft Excel
- Knowledge of how to leverage VLOOKUP/HLOOKUP, INDEX & MATCH, SUMIF(S), COUNTIF(S), PMT, XIRR, and XNPV functions in Excel to optimize efficiency of reporting.
- Argus Enterprise experience required; Certification preferred.
- Strong analytical skills and quantitative skills.
- Ability to prioritize workload and operate autonomously.
- Highly-organized, motivated, and able to multi-task effectively in a deadline-driven environment while maintaining strict attention to detail.
- Effective presentation and communication skills, both verbal and written
Property Overview:
Industry City is a six-million square-foot, 16-building redevelopment located in Brooklyn, New York. The complex is undergoing an ambitious multi-phase repositioning to transform historic industrial buildings into an urban campus comprised of 550+ businesses spanning tech, media, design, manufacturing and more. AECOM, Conde Nast, The Brooklyn Nets, Buck Media, ?WhatIF!, and West Elm are some of the companies that make up the dynamic innovation ecosystem at Industry City.
The ground floors at Industry City are home to 50+ bars and eateries including a 40,000 square-foot food hall, James Beard award-winning Sahadi’s, and the recently opened Japan Village. Industry City’s ownership, the same that developed NYC’s Chelsea Market and millions of square feet across the country, is hands-on with development, management, leasing, and events teams on-site.
Benefits:
- 17 days of PTO, 2 floating holidays, and 12 company holidays
- Company-paid employee medical, dental, vision, life insurance, and disability insurance
- Pet insurance
- HSA with employer contribution
- 6% 401k match with immediate vesting
- Company-paid gym memberships
- Wellness challenges and 5k/10k incentives
