Asset Manager

bhproperties; Plano (TX); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Excellent compensation package

Career growth opportunities

Job summary

BH Properties, based in Plano, TX, is looking for an Asset Manager to oversee operations of assets mainly in Dallas and participate in future acquisitions. Ideal candidates have 7–10+ years of experience in commercial real estate asset management and possess strong leadership and communication skills.

The role requires financial analysis expertise and understanding of retail leasing, with responsibilities ranging from negotiating leases to managing capital improvement projects. Travel is expected up to 30%.

Qualifications

• Minimum of 7–10+ years of commercial real estate asset management experience.
• Strong background in urban retail centers.
• Demonstrated experience in managing leasing teams and financial analysis.

Responsibilities

• Maximize total return through operational efficiencies.
• Negotiate new leases and renewals with third-party brokers.
• Prepare portfolio reporting for senior management review.
• Monitor economic trends impacting real estate values.

Skills

Commercial real estate asset management

Financial analysis

Lease management

Strong communication skills

Education

BA/BS degree in finance or real estate

Graduate degree preferred

Tools

Yardi

MS Office 365

MS Excel

Argus

Job description

ASSET MANAGER

COMPANY

BH Properties is a privately held commercial real estate investment firm focused on value‑add acquisitions in office, industrial, retail, and multi‑family properties throughout the Western United States, along with investments in distressed debt and ground leases. The company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and is able to acquire and close transactions without the need for lengthy due diligence periods. Our 30‑year track‑record and balance sheet allow us to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. Today, the company owns and operates approximately 10 M square feet across 18 states.

POSITION

The Asset Manager will be primarily responsible for overseeing the operations of assets in Dallas along with participating in future acquisitions the company may be considering. The successful candidate will have worked in a principal‑based environment with an investor acumen approach to maximizing cash flow and increasing value. Demonstrated experience in managing retail leasing teams and understanding tenant mix along with representing the company in a front‑facing role within the community is integral.

The role is highly visible, both internally and externally, requiring skills and experience in leadership, management, and communication.

LOCATION

Dallas, TX (with potential travel to Austin, TX)

REPORTING

Executive Managing Director of Operations and President

RESPONSIBILITIES

• Maximize the total return through implementing operational efficiencies and identifying value‑add and revenue enhancement strategies.
• Work closely with third‑party property managers, leasing agents, brokers, consultants, and attorneys to provide direction for, and oversight of, business plans, annual budgets, lease analysis and approvals.
• Actively participate in the negotiation of new leases and renewals both in‑house and through third‑party leasing brokers.
• Perform routine property inspections to ensure property and vacant suites are show‑ready.
• Maintain and expand relationships with existing tenants and develop relationships with new prospective tenants.
• Prepare monthly, quarterly, and annual portfolio reporting for review by the company’s senior management team.
• Negotiate third‑party contracts and oversee implementation of capital improvement and value‑add projects.
• Work with the financial analyst staff to perform valuations on a quarterly and annual basis.
• Manage the capital improvement strategies and processes, including oversight of construction management activities.
• Perform ad‑hoc analysis of potential issues while developing strategies to manage conflicts.
• Monitor regional economic and investment trends to identify changes that could impact real estate values and strategy.
• Work collaboratively with company acquisition team members in evaluating potential investments and opportunities.

KNOWLEDGE / SKILL REQUIREMENTS

• BA/BS degree in finance, real estate or related field with a strong record of academic achievement; graduate degree preferred.
• The candidate will likely have had a minimum of 7–10+ years of commercial real estate asset management, principal‑based leasing, and/or related experience with a strong background in urban retail centers.
• Experienced in financial analysis, understanding of asset‑level financial statements, and possess a demonstrated level of experience in lease management and metrics for retail assets.
• Knowledge of real‑estate accounting combined with strong analytical skills.
• Knowledge of design and construction process.
• Experienced in Yardi, MS Office 365 (MS Teams & other applications), MS Excel, Argus is a plus.
• Must be highly organized, detail oriented, and able to manage multiple and concurrent projects to achieve goals.
• Comfortable in a collaborative team‑oriented environment.
• Exceptional communication and interpersonal skills.
• 30% travel.

COMPENSATION

We offer an excellent compensation package along with a chance to grow and develop with a well‑capitalized, privately held, entrepreneurial investment group understanding that it is not just a job, but a career. For immediate consideration please submit your resume with salary requirements. Resumes submitted with salary requirements will be considered a priority.