Real Estate Asset Management Associate | Remote Fridays

Innovative Industrial Properties; San Diego (CA); Hybrid; USD 90,000 - 150,000; Full time

Job summary

Innovative Industrial Properties is seeking a driven real estate professional to join its Asset Management team. The Associate will support leasing, capital planning, dispositions, tenant oversight and portfolio reporting, driving financial and operational performance of the portfolio.

Reporting to the Director, Asset Management, this role requires collaboration across internal teams and strong analytical, modeling and presentation skills in a fast-paced environment.

Qualifications

• Bachelor’s degree in finance, real estate, economics, accounting or a related field.
• Minimum 5 years of experience in commercial real estate, asset management, finance, investment banking, private equity, or related industry.
• Strong understanding of commercial real estate, financial statements, and real estate underwriting.
• Advanced financial-modeling experience required.
• Experience with industrial and/or retail real estate, familiarity with regulated industries or specialized-use assets preferred.
• Strong communication and presentation skills.
• Highly organized and detail-oriented with ability to manage multiple priorities and deadlines.
• Ability to independently advance workstreams and self-review work.
• Expert working knowledge of Excel and PowerPoint.

Responsibilities

• Support leasing, dispositions, capital investment and asset-level business plans for the Company’s existing portfolio.
• Execute on underwriting efforts for prospective tenants and perform ongoing credit analysis of existing tenants.
• Build and maintain asset-level financial models, forecasts, periodic reporting.
• Maintain and update portfolio-level materials and key portfolio metrics, including assisting with quarterly earnings materials.
• Provide support for preparation of materials for the company’s Board of Directors and Management Investment Committee, as needed.
• Coordinate with Accounting, Legal, Property Management, Construction and other internal teams to execute asset-management initiatives.
• Perform industry, property, market and tenant research to support portfolio decisions.
• Provide other support on recurring or ad hoc projects as needed.

Skills

Financial analysis

Real estate knowledge

Underwriting

Communication

Project management

Education

Bachelor’s degree in finance, real estate, economics, accounting or related field

Tools

Excel

PowerPoint

Job description

Innovative Industrial Properties is seeking a driven real estate professional to join its Asset Management team. The Associate will support leasing, capital planning, dispositions, tenant oversight and portfolio reporting, driving financial and operational performance of the portfolio.

Reporting to the Director, Asset Management, this role requires collaboration across internal teams and strong analytical, modeling and presentation skills in a fast-paced environment.