OFFICE & COMMERCIAL REAL ESTATE EXPERIENCE REQUIRED

DELRAY BEACH/BOCA RATON/BOYNTON BEACH METRO AREA

LOCAL CANDIDATES PREFERRED

Rapidly expanding South Florida developer currently undergoing major growth seeks a Director of Asset Management for its portfolio of open-air retail and office assets.  To qualify you must have:

• Hands-on real estate operations, with detailed attention to proactive asset management and value creation. 
• Prior construction and project management experience a plus along with financial concepts and methodologies.
• A strong working knowledge of Argue, Excel modeling is a must, and Yardi knowledge being desirable. 

The position requires the day-to-day responsibility for a portfolio of open-air retail and office assets with the express objective of maximizing property and portfolio value and returns.

Primary Responsibilities: 

Asset manage assigned assets

Key Job Elements

• Manage a specific portfolio of assigned assets to achieve optimal performance in accordance with value creation goals and business plan expectations.

Primary Responsibilities

• Manage specific assigned properties to achieve or exceed annual Business Plan and client objectives. Achieve leasing, net operating income, cash flow, and capital expenditure targets for assigned assets. Achieve or exceed forecast asset value and return targets. Manage properties with the objective of meeting or exceeding underwriting forecasts.

• Evaluate, comprise, and execute capital improvement strategies for individual assets.

• Requires extensive internal and external communication with the CIO, Investment Committee, and joint venture partners.

• Supervise and complete the execution of property sales or refinances in accordance with approved parameters and in accordance with policy and procedures.
• Review property leases for assigned assets consistent with Annual Business Plan and/or underwriting parameters.
• Maintain a comprehensive and current knowledge of all assigned markets and furnish useful market information to CIO and included within monthly and quarterly reports.
• Administer or supervise compliance with all lender information, loan covenants, reporting and disclosures, or approval requirements.
• Establish and develop strong strategic relationships with real estate and investment industry professionals and organizations including service providers.
• Continually seek creative and innovative opportunities to enhance value and returns for portfolio assets.
• Participate in weekly executive team meetings.
• Inspect assigned portfolio assets at least quarterly and provide written inspection reports as required.
• Actively participate in the development and implementation of initiatives designed to strengthen operations or improve efficiencies.
• Demonstrate through actions, the importance of maintaining an environment of compliance with high ethical standards.

Other Responsibilities Include:

 Monthly & Quarterly Reporting

• Complete asset reporting with monthly meetings and quarterly business plan meetings to provide updates and reports for each respective property within the portfolio.

Valuations - Quarterly, prepare asset valuations in accordance with internal valuation procedures. 

• Present and support values to CIO prior to deadline outlined in the reporting calendar.
• File supporting documents as required by policies.

Business Plans

• Supervise, complete, and obtain approval for each Annual Business Plan for assigned assets consistent with requirements.
• Recommend modifications of established plan strategies, market, or property conditions.
• Coordinate the business planning process to ensure delivery in a set time frame.

Invoice/Project Approval

• Supervise the completion of and provide for payment of capital projects for assigned assets.
• Ensure that all activity is governed by documentation or agreements prepared and reviewed by appropriate professionals.

Qualifications:

• 10 - 12+ years of professional experience, with prior senior asset management experience with a real estate owner/operator.
• Experience in suburban office, open-air retail shopping centers, and multifamily real estate assets a plus.

Education & Experience:

• Strong leadership skills with extensive prior asset management experience and financial and competent real estate transaction knowledge and experience.
• Ability to work closely with executive team regarding asset strategy and repositioning plans
• Possesses a hands-on approach to all aspects of work, and has strong management, team building, and interpersonal skills.
• Ambitious in their career pursuits with a drive and passion to excel and be part of helping to grow and expand a thriving business.
• Position will require occasional travel within the U.S.
• MBA and/or an advanced degree preferred.

For immediate consideration and review of your credentials, please forward your resume to:

Mark Millman l President & CEO 

Millman Search Group

Telephone: 410-902-6600 x20 | Mobile: 443-255-3000 

Email: mmillman@millmansearch.com 

Website: www.millmansearch.com 

Please feel free to share this unique opportunity with any of your peers who may have interest.

About Millman Search Group Inc.

Millman Search Group is the nation’s only Recruiting Firm for the entire Retail Economy to specialize in: Retail, Luxury Retail, Food Concepts, Hospitality, Entertainment, Wellness AND the entire Retail Shopping Center Industry for all types of Management and Executive positions! We’ve been around over 35 years placing thousands of managers – executives throughout the retail ecosystem. When we started, the “Retailtainment”, the “Food and Beverage” Explosion”, “Digital” and “Ecommerce” phenomenon hardly even existed, if at all in the United States. Fast forward… and we’ve mastered it all! Whatever part of the Shopping Center Industry or tenant mix you are, we will find the ideal leaders for your business covering all field/property - corporate level position requirements you have. The best testament, is that a vast majority of our clients come back to us time and time again. Whether you are looking for leaders to take your business to that next step or entering the US for the first time, we are the firm to call! How have we thrived as a management-executive level search firm for so long – and what does it mean for you? •For one, we are serious about specializing: we ar...e retail experts who understand the entire retail economy. •We were early adopters of technology, but our true value is in traditional, person-to-person networking. Put simply: we know a lot of people who know a lot of people. You benefit from our enormous network. •The most important secret to our success? We call it “The Millman Method”: know absolutely everything we need to know about your industry, your particular business, and the candidates we present to you. The result? We don’t make placements, we make long-term marriages. Don’t settle for candidates who merely “check all the boxes” – get business leaders that perfectly complement your organization! From corporate executives to senior specialists to field managers, we have you covered. Ready to find the next leader for your business?

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