Asset Manager, AVP (Office & Self-Storage) Full Time

Heitman is seeking an Asset Manager to join our team. The ideal candidate will bring their subject matter expertise within these asset classes to our North American private equity team to effectively manage our assets within clients’ portfolios. This role will be highly collaborative, and the successful candidate will be impactful in building relationships with internal teams including Portfolio Management, Acquisitions, and Financial Operations & Analysis, as well as effectively partner with third party professionals in leasing and property management.

Responsibilities include, but are not limited to:

• Manage a diverse real estate portfolio focused on Self-Storage, Office, and Industrial sectors.
• Develop and Implement asset management strategies, including income and expense forecasting, leasing plan, capital budget, value creation activity, and risk return analysis for assets.
• Evaluate performance against budgets, business plans and internal and external benchmarks.
• Anticipate issues that impact the success of the assets.
• Establish leasing strategies and closely monitor property management teams, and/or joint venture partners performance.
• Prepare annual budgets, valuations, appraisals, and leasing plans of assets.
• Prepare financial analysis/modeling for asset management decision-making.
• Utilize data analytics regularly to assist in informing asset level strategy and driving performance.
• Assess the current and projected performance of properties.
• Partner with and oversee third parties which perform the day-to-day operations of the assets.
• Gain expertise in assigned markets through site visits, industry analysis, and networking, collaborate with internal and external teams to adjust property strategy for market shifts.
• Conduct regular property inspections to understand challenges, assess business plan, evaluate operational performance of third-party teams, identify improvement opportunities, and communicate findings.
• Support acquisitions team for new investment underwriting, providing market and leasing assumptions and participating in due diligence activities, as necessary.

Qualifications:

• Minimum 5 years of real estate experience, with a preference for candidates at the AVP level. Years of experience for this level can vary.
• Experience in Self-Storage, Office, or Industrial property types a plus.
• Strong knowledge and experience with budgets and overall financial reporting, with an ability to analyze large amounts of data and obtain improvement opportunities.
• Experience in defining, developing, and executing asset management strategies by overseeing and managing third-party property management teams.
• Possess knowledge of real estate investment management trends.
• Strong interpersonal skills with an ability to collaborate with others.
• Skilled in communicating complex issues clearly and professionally, both verbally and in writing
• Knowledge of construction and redevelopment terminology, with a strong understanding of standard capital real estate capital projects.
• Experienced in the investment due diligence process with the ability to provide local market leasing assumptions and competitive insights.
• Ability to utilize industry expertise and leadership skills.
• Understanding of the various real estate valuation processes and techniques.
• Strong financial modeling skill (ARGUS, Microsoft Excel) and proven ability to translate quantitative data to tell a story; experience with Power BI is a plus.

Job Location and Travel

• Based in Chicago.
• Our teams work in a hybrid environment and in-office days vary by team.
• Moderate to extensive travel required.

Source: Heitman Career Page

Tagged as: REPE Firm