Job Summary: We are seeking a skilled and strategic Real Estate Asset Manager to oversee and optimize our real estate portfolio in Chicago. The ideal candidate will have a strong background in real estate management, a keen understanding of market dynamics, and the ability to drive asset performance through effective management and strategic planning.
Key Responsibilities:
- Portfolio Management: Oversee the performance of assigned real estate assets, including commercial, residential, and mixed-use properties. Develop and implement strategies to maximize asset value, revenue, and returns on investment.
- Financial Oversight: Monitor financial performance of properties, including budgeting, forecasting, and expense management. Analyze financial reports, rental income, operating costs, and investment returns to ensure targets are met.
- Tenant Relations: Manage tenant relationships to ensure high levels of satisfaction and retention. Address tenant issues and concerns promptly and professionally to maintain positive and productive relationships.
- Property Operations: Oversee day-to-day operations of properties, including maintenance, repairs, and vendor management. Ensure properties are well-maintained and meet all safety and regulatory requirements.
- Lease Administration: Negotiate lease agreements, renewals, and amendments. Ensure all lease terms are adhered to and manage lease documentation and records.
- Market Analysis: Conduct market research and analysis to identify trends, opportunities, and risks. Utilize market data to make informed decisions about acquisitions, dispositions, and asset improvements.
- Strategic Planning: Develop and execute strategic plans for asset enhancement and value creation. Identify and recommend capital improvement projects and property upgrades to enhance marketability and performance.
- Reporting: Prepare and present regular reports on asset performance, including financial metrics, operational updates, and strategic recommendations. Communicate effectively with senior management and stakeholders.
- Compliance: Ensure compliance with all relevant laws, regulations, and company policies. Oversee property inspections and audits to ensure adherence to legal and regulatory standards.
Qualifications:
- Education: Bachelor's degree in Real Estate, Finance, Business Administration, or a related field required. A master's degree or professional designation (e.g., CPM, CCIM) is a plus.
- Experience: Minimum of 6 years of experience in real estate asset management, with a proven track record of managing diverse property portfolios and driving asset performance.
- Skills: Strong financial acumen with experience in budgeting, forecasting, and financial analysis. Excellent negotiation, communication, and interpersonal skills. Proficiency in property management software and Microsoft Office Suite.
- Knowledge: In-depth understanding of real estate markets, property operations, lease administration, and asset valuation. Familiarity with Chicago's real estate market and regulatory environment is preferred.
- Personal Traits: Strategic thinker with a results-oriented mindset. Ability to work independently and collaboratively in a fast-paced environment. Strong problem-solving skills and attention to detail.
Benefits:
- Competitive salary and performance-based bonuses
- Comprehensive health, dental, and vision insurance
- Retirement savings plan with company match
- Paid time off, including vacation, sick leave, and holidays
- Professional development opportunities and career growth
