NE Leader, Asset Management (New York)

This role reports to the Head of Asset Management who has the primary responsibility of leading asset management and property-level investment performance for a portfolio of equity real estate assets within a defined territory.

This is a retained search.
Please submit resumes to: tlyons@rhodesassociates.com (Rhodes Associates)

Salary & Benefits

This position may be filled by one of the following position levels based on the candidate’s experience, knowledge, leadership background and skills that meet or exceed the minimum qualifications:

Director – Managing Director

$175,000- $275,000

This range is an estimate, based on potential employee qualifications, operational needs and other considerations permitted by law. Actual salaries will vary and may be above or below the stated range based on various factors including, among other factors, location, education and training, experience, internal pay alignment, and performance. A potential new employee’s salary history will not be used in compensation decisions. Many candidates’ compensation will start in the bottom half of the stated range. This role is also eligible to participate in a merit-based annual bonus program, health, vision, and dental insurance plans, long and short-term disability, 401K plan, and PTO. This information is provided in connection with the active Equal Pay jurisdictions (Colorado, New York City, and California), and similar positions located outside of these areas may or may not necessarily receive the same compensation.

Key Deliverables:

Formulate, critique, approve and execute comprehensive annual property business plans, operating and capital budgets, leasing guidelines, and sell/hold strategies. Present to Investment Committee as needed.
Oversee and complete accurate comprehensive quarterly valuations and reports (which involve internal and external appraisals).
Perform and oversee accurate and timely completion of monthly/quarterly asset management reports, including comprehensive variance comments.
Ensure that the cost-benefit of all leasing/capital investment is documented and ensure that all property-level decisions reinforce overall portfolio and client investment objectives.
Build and sustain joint venture partner and operator relationships. Manage all third party relationships with brokers, attorneys, property managers, tenants, etc. as needed.

Education Requirements

College degree, with advanced degree highly desirable.

Experience Requirements

Minimum of 8-10 years of experience in commercial real estate asset management.

Knowledge, Skills, and Abilities

Demonstrated interpersonal, leadership, management, communication, conflict resolution, negotiating and listening skills.
History of managing others or teams of people
Familiarity with all property and life-cycle types, deal structures and national and regional real estate markets.
Ability to "benchmark" and apply past experience in order to make well-reasoned, but decisive decisions.
Expert in transactions (acquisitions, dispositions and leasing), deal structuring, underwriting, financing, compliance oversight with complex ownership and financing structures, hold/sell analysis, valuation, financial reporting, managing investment performance, major capital improvements, new construction/development/redevelopment, financing, operations management and accounting.
Exceptional familiarity with Excel, Argus and relevant tech applications.