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Asset Management Associate

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Houston
 TX
Postal Code
77007
Country
United States

This job is no longer active.

Description


Job Description :
The Asset Management group seeks to enhance asset value via the implementation and execution of the portfolio level business plan. Asset Management oversees property level strategic planning, annual budgeting and reforecasts, oversight of third-party property management and leasing teams, dispositions, refinances, and portfolio manager communications. Asset Management Associates will work directly with regional head of Asset Management in the oversight and management of various multifamily, retail, and office investments with the overall goal of optimizing asset values. The Associate will provide support and analysis for assigned assets and be directly responsible for the daily operations and client deliverables for select assets. The Associate will play a role in development and executing on property specific strategies, evaluating operational performance against relevant industry benchmarks, analyzing capital investment decisions and how they impact value, and facilitate preparation of required reporting deliverables.

About Ameriprise :
Lionstone Investments is a data-analytics driven real estate investment firm that conceptualizes, analyzes, and executes national real estate investment strategies using proprietary algorithms and advanced analytics to understand the changing ways people in America want to live and work.


About Lionstone
Lionstone Investments is a data-analytics driven real estate investment firm that conceptualizes, analyzes, and executes national real estate investment strategies using proprietary algorithms and advanced analytics to understand the changing ways people in America want to live and work.

Responsibilities :

• Support Regional Head of Asset Management to implement broad ranging platform initiatives
• Develop property-level operational strategies and analyze performance, capital projects, and other relevant investor factors impacting asset value
• Coordinate development of annual business plans and quarterly asset reports by assisting in the preparation/review of property operating and capital budgets. Input and review approved leasing budgets in VTS.
• Support acquisition process by participating in asset management due diligence including leasing reviews, proforma analysis, market and competitive position review, engineering and environmental capital, service contract review. Assist with the selection of property management and leasing teams, conducting interviews and assisting with management agreements, assisting with the property transition process by working with internal bank relations, insurance, and accounting departments
• Communicate with third-party property management and leasing personnel as well as appraisers, brokers, insurance and real estate tax consultants, and other third party providers as needed
• Review lease submittal packages via VTS, evaluate prospective tenant businesses and credit worthiness, and perform lease financial analysis
• Prepare financial analysis to track historical property level results in comparison to industry benchmarks
• Collect, analyze, and synthesize relevant market reports, lease data, and transaction details for related assets. Assist in recommendations for potential asset sales.
• Help facilitate lender compliance with asset specific requirements such as obtaining approvals for lease agreements or significant capital expenditures and coordinating escrow draws. Assist on the origination of new debt and refinancing activity.
• Coordinate third-party appraisals and be responsible for quarterly internal property valuations
• Perform detailed quarterly financial statement analysis, review of rent rolls, current and future cash flow and forecasting both present value and cash flows. Ownership of investment models, updating returns and variance to budget analysis, distributions, fees, & promotes
• Assist with presentations and analysis for Investment Committee, Lionstone Senior Management and/or CTI Senior Management
• Assist in deposition process, hold/sale recommendations to Investment Committee, selection of Investment Sales brokers, coordination with property management / operating partners, and closing


Required Qualifications :
• Undergraduate degree.
• 4 years of analytical and modeling experience.
• Advanced Excel capabilities.
• Strong written and verbal communication skills.

Required Personal Attributes:
• Unquestioned integrity and the highest ethical standards.
• Commitment to excellence.
• Ability to prioritize and multi-task.
• A team orientation and collegiate mentality.


Preferred Qualifications :
• ARGUS experience desired.
• 4 years of direct real estate experience preferred and understanding of private equity, investment risk and capital markets preferred.

Interested candidates please apply via this link: 

Job Function


 
 

Experience


2+ to 5 years


This job is no longer active.

Finance / Investment Alternative Investments Houston Full Time TX Investment Management Real Estate Capital Markets Analyst other