Real Estate Asset Manager Job Description
Real estate asset manager
provides real estate information and knowledge to real estate management, and internal organizations (legal, accounting, regulatory, community relations etc…) , as well as external customers and real estate professionals, in supporting the accomplishment of complex transactions and special assignments.
Real Estate Asset Manager Duties & Responsibilities
To write an effective real estate asset manager job description, begin by listing detailed duties, responsibilities and expectations. We have included real estate asset manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Protect company interests in all aspects of Leasing, including performing lease review, verification & finalization
Manage the asset management, leasing and / or on-site property management teams, in order to maximize the value of the investment
Negotiate and approve leasing proposals and capital expenditures throughout the course of the year monitor the cash flow from the investment
Review and approve the annual business plan, leasing plan, capital programme and operating budgets for each asst
Participate in the due diligence review for new investments including lease reviews, operation reviews and assessment and hiring of local management and leasing professionals
Coordinate analytical support work/pro-formas/return analyses with Development, Property Management and or Leasing personnel
Operates the real estate department and budget while managing, developing and motivating staff
Drives best practices and standardization in real estate and provides construction support, in coordination with operational leadership and facilities management
Fields all incoming real estate location inquiries, suggestions and requests regarding new prospective locations and assigns as applicable
Responsible for the knowledge management, capture & sharing, for real estate functional excellence
Real Estate Asset Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Real Estate Asset Manager
List any licenses or certifications required by the position: LEED, CPM, RPA, PMP, ARM
Education for Real Estate Asset Manager
Typically a job would require a certain level of education.
Employers hiring for the real estate asset manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Real Estate, Finance, Business, Management, Accounting, Economics, MBA, Law, Communication, Education
Skills for Real Estate Asset Manager
Desired skills for real estate asset manager include:
Leasing
Real estate contracts and agreements with impact to asset values
Real estate markets and value-add strategies
Aspects of relevant IT systems
Accounting practices and principles and regulatory policies regarding real estate held in a fiduciary capacity
Available locations in the event of branch relocation
Commercial mortgage servicing
Each market in which ABC Supply has a facility
Is targeting as expansion areas
MS Office
Desired experience for real estate asset manager includes:
Selects, evaluates and supervises real estate brokers, appraisers, and property managers whose services are retained by the company
Advises on the condition, functionality, marketability, and value of real estate owned or leased by companies being considered for acquisition or divestiture and assists with purchase price accounting matters pertaining to real estate
Negotiates legal contracts for the purchase, lease, sale and sublease of real estate by the company while working with EH&S to manage the corporation’s potential environmental and restoration obligations
Coordinates with Tax, Accounting, Legal and EH&S on real estate related issues
Guides the maintenance of the Real Estate property management system
Approves payments of taxes, rent and extraordinary payments for lease agreements
Real Estate Asset Manager Examples
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Real Estate Asset Manager Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of real estate asset manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for real estate asset manager
- Manage Master Space Planning efforts and direct staff to respond to company inquiries
- Updates and maintains key date information for portfolio
- Assists in development and reporting of expense/capital cost savings initiatives and activities
- Work with portfolio management and transactions teams on new projects and assist with new deals
- Work with fire/life/safety security teams on implementing safety standards and training programs for all assets
- Work with REPAC and Retail Resiliency on any incidents, and ensure root cause analysis and post event reviews are completed
- Strategic investment management of a portfolio of real estate assets located in France and Belgium owned by JPM’s commingled funds and/or separate account clients
- Manage and develop analyst staff and junior asset managers
- Oversee and manage joint venture relationships with partners and co-investors
- Develop and implement an asset strategy (multi-year business plan) for each investment including hold/finance/sell recommendations
Qualifications for real estate asset manager
- Coordination of several intra-company disciplines such as Risk Management, EH&S, Accounting, Finance, and the legal team to ensure that all liability and risk aspects of a real estate contract are addressed prior to execution
- Advanced degree and/or appropriate professional certifications
- Minimum seven years of real estate experience with asset management and transaction experience in multiple product types preferred
- Minimum two years of real estate experience with asset management and transaction experience in multiple product types preferred
- Experience in strategy / management consulting covering financial services/wealth management space and/or direct work experience within major wealth manager
- Exposure to lending product / solutions, including Residential Real Estate Lending is desired
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Real Estate Asset Manager Job Description
Job Description Example
Our company is looking for a real estate asset manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for real estate asset manager
- Indentify follow-on and additional development opportunities analyze and present to the investment committee/clients for approval
- Manage the appraisal review process, review appraisals and present valuation recommendations
- Develop relationships with real estate clients, including making recommendation on investment decision and presentations of investment performance
- Obtain and maintain industry designations applicable to this position
- Origination and execution of potential acquisitions and development opportunities mainly throughout France but Benelux as well
- Underwriting, structuring and negotiations of diverse real estate investments
- Oversee the internal approval processes of acquisitions for the investment committee
- Lead the financing process with the bank/banking syndicate or debt brokers, including term sheet negotiations and transaction documentation
- Interpret and agree transaction documentation, including debt agreements, joint-venture agreements and other documentation for existing and new investments
- Lead the tax structuring of investments with both external advisors and internal specialists
Qualifications for real estate asset manager
- Minimum five years of real estate experience with asset management and transaction experience in multiple product types preferred
- Relevant institutional real estate asset/portfolio management experience in the office and industrial, retail, multi-family, and / or hotel product types
- Strong project management and team skills
- Thorough understanding of real estate investment structures
- Strong analytic skills and the ability to train supervise and develop junior team members
- 5+ years of experience within Asset Management, Property Management, or Commercial Real Estate preferred
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Real Estate Asset Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a real estate asset manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for real estate asset manager
- Oversee company budgeting and forecasting processes -- includes coordinating tasks across multiple departments, holding quarterly calls with department representatives to provide direction to the field, annually updating the business plan template/focus, reviewing financials at the portfolio level, presenting quarterly results to executive team, and partnering with IT to support financial processes
- Assign duties and workflow to Analysts and Managers and ensure the timely and accurate completion of projects
- Review and oversee accuracy of the Analysts/Senior Analysts' work
- Act as point support person for acquisitions and dispositions of assets
- Make recommendations to SVP or VP, Asset Management to identify the strategic goals of the department and, once set, determine path to implement goals
- Provide support and/or manage specific partnership relationships ensuring that needs and expectations are met
- Interface with partners and take ownership of partnership projects ensuring that all projects are completed timely and accurately
- Ensure compliance with all partnership documents and management agreements
- Interface with senior management personnel as warranted or directed
- Responsible for being final reviewer of all forecasts and budgets
Qualifications for real estate asset manager
- Strong organizational, communication and interpersonal skills are essential to this position
- Position is actions oriented requiring the incumbent to creatively plan and execute facility design programs with limited resources
- Managerial and supervisory responsibilities to oversee and guide numerous simultaneous negotiations involving new lease contracts
- Relationship building and management of outside legal counsel, brokers, appraisers, consultants and asset managers
- Willingness to obtain and maintain industry designations applicable to this position
- Significant years of relevant investment experience either in a real estate fund management business, a real estate private equity group or a French listed property company with thorough understanding of real estate investing
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Real Estate Asset Manager Job Description
Job Description Example
Our innovative and growing company is looking for a real estate asset manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for real estate asset manager
- Review reserve draws
- Process assumption and consent requests, including related review of loan documents and other agreements
- Conduct market research and prepare market reports
- Prepare loan and portfolio level status reports
- Comply with all Investor monitoring and reporting requirements
- Maximising the performance of the retail property assets through initiation and implementation of value enhancement opportunities
- The execution of rent review, lease renewal and letting/re- letting activities
- Overseeing the undertaking of the day-to-day management functions of the retail portfolio
- Providing such other assistance as required by the Sector Head in respect of all aspects of the retail portfolio
- Ensuring the retail portfolio is managed in accordance with the stated investment strategy
Qualifications for real estate asset manager
- Strong experience developing and maintaining market relationships
- Excellent verbal and written communication and negotiation skills in English and French with the ability to convince team, committees, clients or sellers
- Bachelor’s degree with honours from a top university or relevant comparable education entity (French "Grandes Ecoles de commerces or Ecoles d’ingenieurs")
- 5+ years of progressive financial and operational experience with a background in RETAIL REAL ESTATE preferred or COMMERCIAL REAL ESTATE
- Strong Excel skills and general computer skills
- Comprehensive knowledge in multiple CRE disciplines
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Real Estate Asset Manager Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of real estate asset manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for real estate asset manager
- Identifying, implementing and successful conclusion
- Maximising rent achieved on rent review
- Optimisation of lease terms achieved on lease renewals, lettings and re-lettings
- Producing and updating asset level business plans
- Identifying sales in accordance with the stated Fund Strategy and Business Plans
- Instructing and monitoring the performance of the managing agents responsible for the day-to-day property management of the retail portfolio
- Provide such reporting for the retail portfolio as required by the Sector Head
- Negotiate lease renewals, contracts or subleases for dispositions and obtains internal approval and prepare related documents
- Maintain frequent contact with LOBs (Lines of Business) in all properties to promote goodwill and to detect potential problems
- Prepare Annual Reviews
Qualifications for real estate asset manager
- At least 5 years of work experience in commercial real estate including asset management experience in managing Fannie Mae or Freddie Mac multifamily loans
- High integrity, the ability to communicate articulately and concisely, strong interpersonal and partnership skills, achievement drive, and intellectual curiosity
- High level of proficiency in Microsoft Office (Excel, Word, Powerpoint
- Member of Royal Institution of Chartered Surveyors or equivalent (if non-UK)
- Proven knowledge of property investment market
- Track record in identifying and delivering value enhancement opportunities