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The Manager, Asset Management will be responsible for supporting the execution of overall corporate strategy for a portfolio of outpatient medical facilities properties, to maximize the value of the outpatient real estate portfolio and the Company’s asset management platform.
KEY RESPONSIBILITIES
- Assist in the development of an overall strategic plan that contributes to the implementation of annual and long-range property budgets, business and operating plans including capital projects that are required to meet or exceed objectives. Monitor and report on the implementation of all plans.
- Through the ongoing collaboration with Outpatient Medical leasing staff and external brokers, ensure the implementation of overall marketing and leasing strategies, programs and activities that optimizes WELL’s available space and meets leasing metrics and occupancy goals.
- Provide direction to leasing staff on the development of lease terms. Review and approve term sheets within defined budget parameters. Participate in lease negotiations with legal counsel and tenant representatives. Make recommendations to VP, Asset Management on leases outside of scope of authority.
- Effectively monitor property and portfolio performance against budget, plan and other metrics. Review property management reports to include the rent roll, building operation, monthly financials, and delinquency report. Report of all significant variances to VP, Asset Management, and work with AVP, Property Management on developing reforecasts and other necessary corrective actions.
- Contribute to the resolution of delinquencies with Accounting, VP Property Management and Legal.
- Provide forecasting guidance and monitor funding and progress for all capital expenditure projects comprised of tenant improvement, building improvement and leasing commissions.
- Assist in the due diligence, closing and transition of all building acquisitions. Assist in the management of all transitional issues resulting from building acquisitions, refinancing or divestitures to assure the smooth and compete management of all issues.
- Ensure there is an ongoing and effective flow of information between the AVP, Property Management, Regional Leasing Directors, and Senior Management. Manage the timely resolution of all issues.
- Gather feedback, respond/resolve issues and provide ongoing reports and analysis to management on the utilization of the company’s operational systems and other processes/procedures and company initiatives to ensure standardization and continuous improvement.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
TRAVEL
Some out-of-area and overnight travel may be expected.
MINIMUM REQUIREMENTS
- Experience: Minimum of three years of experience in real estate and or finance, preferred. Previous real estate financial modeling experience, preferred. Strong proficiency in MS Excel and Argus required. Marketing and leasing of commercial buildings or related experience.
- Strong written and oral communication skills.
- Education: Bachelor’s degree required, with a specialization in business administration, real estate, finance, accounting, economics, or a related field is preferred.
Source: Welltower Career Page
