Asset/Property/Facility Management, Corporate Real Estate
4 Year Degree
The Asset Manager will be responsible for overseeing a Territory consisting of a portfolio of commercial real estate to maximize the performance and value of the portfolio of assets. The Asset Manager is responsible for formulating and implementing a long-range asset management strategy for all properties within the Territory. The Asset Manager will work closely with the Portfolio Manager and the Property Management team to ensure the Territory’s strategic plan is implemented and the performance is on target.
Work with the Portfolio Manager to establish long range and short term Strategic Plan, and implement the plans for the properties within the Territory.
Track properties’ occupancy, expenses, cash flow, and capital to understand how they are performing against budget.
Perform periodic property site inspections to ensure property performance and maintenance.
Implement marketing plans and continuously monitor/adjust. Manage marketing materials, CoStar, etc.
Work with the Property Management team to hire brokers and take responsibility for new and renewal leasing.
Manage brokerage contracts (Landlord and Tenant Representative)
Consult with Property Management on a daily basis:
Plan/attend broker open houses
Attend Market events (broker overviews, market recaps, industry events)
Regular review of capital improvements
Quarterly building/market tours
Tenant issue resolution
Look to Senior Asset Manager/VP for guidance on complex transactions.
Review tenant prospect financial statements – make security deposit recommendations to Portfolio Manager/VP.
Review existing tenant’s financial statements, as allowed under lease terms, to understand strength of existing tenants.
Work closely/direct Property Manager on Annual Budget/Reforecasts– make revenue assumptions, work together to develop Capital/One Time Expense Plan, review expense assumptions.
Develop MLAs to be used in valuations, budgets, and impairment analysis. Have a solid understanding of markets and market trends.
Monitor capital improvements.
Develop/update valuations on each building in the Territory quarterly.
Work with accounting on impairment analysis.
Bachelor’s degree; preferred in Accounting, Finance or Business Management; advanced degree a plus.
7-12 years’ experience within commercial real estate.
Prior experience as an Asset Manager, Sr. Property Manager or Leasing Manager.
Solid exposure to commercial office, industrial and MOB leases.
Strong analytical skills and experience in financial analysis.
Exceptional organizational and follow-up skills required along with the ability to multi-task and bring individual issues to timely closure.
Excellent written and oral communication skills.
Ability to work in a fast-paced, team centered, results-driven environment.
Proficiency with Microsoft Office products, ARGUS Enterprise or DCF, accounting software, database management & reporting.
Internal Number: 2021-1884
About The RMR Group
The RMR Group Inc. is a holding company, and substantially all of its business is conducted by its majority-owned subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate operating companies. As of June 30, 2020, The RMR Group LLC had $32.0 billion of real estate assets under management, including over 2,100 properties, and employed over 600 real estate professionals in more than 30 offices throughout the United States; and the companies managed by The RMR Group LLC collectively had nearly 45,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts. To learn more about The RMR Group, please visit www.rmrgroup.com.