Real Estate Asset Manager

JOB FUNCTION: Real Estate
JOB TYPE: Direct Hire
LOCATION: Boston, MA
COMPENSATION: $80k - $120k
REMOTE / ONSITE: Remote
POSTED: Jan 12, 2023

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
As a woman-owned firm, we value diversity. We are an equal opportunity and affirmative action employer and will consider all applications without regard to race, sex (including gender, pregnancy, sexual orientation and gender identity), age, color, religion or creed, national origin or ancestry, veteran status, disability (physical or mental), genetic information, citizenship or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.
EOE/M/F/D/V/SO
Position ID: 117600