Real Estate Asset Manager

Our client manages and develops global properties with the objective of maximizing long-term value.  The present portfolio includes hospitality properties along the East Coast. Our client is seeking to hire a Real Estate Asset Manager to join this team that is part of a group of international business whose subsidiaries own and operate assets in over 50 countries.

Salary/Hourly Rate:

$80k – $120k

Position Overview:

The Real Estate Asset Manager will oversee six properties in the U.S. (three offices in NY, FL, and DC and three 3 boutique hotels in NH and MA).  This position will be primarily remote, though occasional travel to these properties will be necessary and a candidate already living in this region is preferable.

Responsibilities of the Real Estate Asset Manager:

• Lead implementation of existing asset´s strategies including supervision of the operator and any CAPEX works
• Approve and supervise FF&E reserve
• Develop immediate and longer term asset plans covering the life cycle of properties under management and spearhead new initiatives and strategies in evolving markets
• Seek out and make recommendations for new investment opportunities
• Work across the investment process to assist internal decisions regarding hold/sale of assets
• Prepare quarterly reviews of assets, annual business plans, and budgets
• Assist with supervision and coordination of external and internal parties
• Assist with interaction and engagement with internal teams e.g. Analysts, Transactions, Property Management, Property Accounting, law firms and Finance, Design, and Construction
• Work collaboratively within the company to ensure goals are in place to achieve overall strategies and growth plans
• Monitor quarterly and yearly valuation processes

Qualifications for the Real Estate Asset Manager:

• 5 + years of experience in the U.S. hotel/office management market and a demonstrated track record in real estate asset management, including hotel assets
• Ability to supervise and oversee work
• Experience with overseeing budget
• Ideal candidate has a technical background
• Strong IT literacy with particular focus on Excel and PowerPoint
• Demonstrable track record within real estate asset management, including asset management performance of hotel assets
• Strong Finance, budget, and planning skills
• Ability to work collaboratively and network successfully

Education Requirements:

• Bachelor’s degree is preferred

Benefits:

• Stipend to go toward medical, dental, and vision insurance
• Long-term contracting potential
• Flexible working hours
• Frequent travel
• Work from home