The Asset Management Associate will work with the Capital Investments Group in executing business plans and driving performance for a diverse portfolio of real estate investments in conjunction with the ASB management team, Joint-Venture partners, and property teams.
DUTIES & RESPONSIBILITIES:
Assist with the development and execution of strategic business plans for assets across multiple product types, including multi-family, office, retail, self-storage, and industrial
Assist in managing all aspects of asset operations led by local partners
Review and manage the completion of annual property budgets
Draft annual business plans and present recommendations to ASB’s investment committee
Review property level reporting to monitor asset performance
Perform market research and interface with local market participants
Analyze and assist with the negotiation of prospective leases
Analyze and manage quarterly property valuations and appraisals
Perform property and partnership cash flow modeling in Excel, and Argus as applicable, to conduct hold/sell analysis
Help oversee, monitor and implement capital projects; participate from the initial design process through project completion.
Conduct site inspections
Engage with joint venture partners, property managers and leasing agents to drive asset performance, maximizing the value and cash flow performance of each investment.
Review partnership, management, and loan documents
Play an integral role in asset level financings and dispositions
Qualifications & Skills
JOB REQUIREMENTS (SKILLS / ABILITIES):
Strong working knowledge of the principles of asset valuation, the investment acquisition process, and asset management
Exceptional interpersonal and organizational skills
Superior analytical skills and judgment
Strong oral and written communication skills
Able to meet deadlines
Strong work ethic
Computer aptitude including strong Excel skills
Strong ability to develop advanced technical skills
Argus Enterprise proficiency desirable, but not required
Familiarity with revenue management systems desirable, but not required
EDUCATION / LICENSES / CERTIFICATIONS:
Bachelor’s Degree is required
2-4 years of work experience in Real Estate, Private Equity, Investment Banking, or Consulting is desired
About ASB Real Estate
ASB Real Estate Investments is a leading real estate investment management firm with a focus on major U.S. markets.
ASB Real Estate Investments, a division of ASB Capital Management, LLC, is a leading U.S. real estate investment management firm with $7.8 billion* in gross assets under management from over 325 institutional clients. Headquartered in the Washington, D.C. area, ASB invests in major markets across the United States, concentrating in industrial, multifamily, office, retail, and self-storage properties.