Federal Realty is a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country's best markets. We believe we are one of the most innovative and dynamic real estate companies you can work for. Interested candidates who research Federal Realty hear a lot about the high quality shopping centers and the well-respected real estate team at our core, it's the smaller intangible things that can make working at Federal so satisfying. You see, while we're one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our shopping centers, we're really a very small company by most standards and we try to operate that way. That means that team members with initiative and ability can get involved in many facets of our business over the years. I encourage you to look us up on LinkedIn and follow Federal Realty Investment Trust.
Federal Realty is seeking an Associate Asset Manager to be located in the McLean, Virginia regional office. Reporting to the Vice President, Asset Management, this position will be a financial and operating partner with the VP, Asset Management, Leasing Agents, Developers, Financial Analysts and other supporting team members providing input and direction on how to best manage and position assets to achieve maximum value creation. This person is a key member of the team working closely with asset management, leasing, corporate finance, accounting, development, property management, lease administration, collections, marketing, and tenant coordination.
Develop and execute strategies to strengthen the competitive position of the property and gain market share
Develop business plans in conjunction with the annual operating and capital budgets to maximize property operating income
Develop and implement proactive strategies to resolve property operational, financial, and compliance-related challenges within portfolio
Prepare reports relating to individual property performance, problems and work-out strategies, construction, and leasing status
Perform regular site inspections to assess physical property condition, compliance, and overall administration
Evaluate economic, competitive market, and demographic trends within the portfolio's geographic area, developing and implementing strategies to maximize performance
Provide strategic advice and business partnership to asset management and property management on the financial impact of operational activities and proposed initiatives
Work with the Financial Analysts and the corporate accounting department to ensure accurate reporting to senior management of the portfolio’s financial performance and forecasts during month-end and quarter-end close for the portfolio
Assist in preparation of Investment Committee memoranda
Evaluate potential retail and office lease deals to maximize value creation
Perform special projects as requested
3+ years of experience within the commercial real estate or retail industry
Bachelor’s Degree in finance, economics, business or real estate preferred
Demonstrated management and supervisory experience
Solid understanding of accounting and financial valuation concepts (financial ratios, IRR, NPV, etc.)
Proficiency in Microsoft Office Programs and Excel required
Proficiency in Argus a plus
Motivated, self-starter with the ability to work with minimal supervision and function in a team environment by effectively communicating and sharing information with people in other departments within the company
Excellent interpersonal, verbal, and written communication skills
Keen attention to accuracy and detail
Highly organized and efficient with the proven ability to handle multiple projects, think creatively and set priorities
Federal Realty Investment Trust is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetics, sexual orientation, or protected Veteran status.
About Federal Realty Investment Trust
Federal Realty is an S&P 500 real estate company founded in 1962. Our mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.
A multifaceted business plan.
Fully Integrated: Founded in 1962, we are one of the oldest US REITs. We focus on the ownership, operation and development of high-quality retail properties—from grocery-anchored shopping centers to large-scale mixed-use neighborhoods.
Stability: Our properties are located in eight major markets characterized by their superior demographics, high barriers to entry, and significant demand. Our diversified portfolio is positioned to be the real estate of choice for the widest selection of tenants and uses.
Growth: The flexible nature of our portfolio lends itself to continual evolution through remerchandising and reinvestment that positions our assets for the future. Our developments are backed by 20+ years of proven experience creating live, work, play destinations.
Execution: With a proven history of delivering results and the longest record of annual dividend rate increases among US REITs, our business has been remarkably resilient even in the most adverse economic cycles and is well-positioned for long-term success.