Senior Asset Manager

BH Properties; Los Angeles (CA); On-site; USD 175,000 - 225,000; Full time

Job summary

BH Properties in Los Angeles County seeks a Senior Asset Manager to oversee operations of Southern California assets and participate in future acquisitions. The role requires investor-like acumen to maximize cash flow and value, with leadership of retail leasing teams and community representation.

You'll collaborate with third-party managers, brokers, and attorneys, prepare regular portfolio reporting, and guide capital improvements.

Qualifications

• BA/BS in finance, real estate or related field with strong academic achievement.
• 7–10+ years in commercial real estate asset management or principal-based leasing.
• Strong financial analysis and understanding of asset-level statements.
• Knowledge of real estate accounting, design and construction processes.
• Experience with Yardi, Argus and MS Office 365.
• High organization, attention to detail and ability to manage multiple projects.
• Willingness to travel up to 20%.

Responsibilities

• Maximize total return through operational efficiencies and value-add strategies.
• Coordinate with property managers, leasing agents, brokers, and attorneys on plans, budgets, leases.
• Negotiate leases and renewals with tenants and brokers.
• Conduct routine property inspections and ensure show-ready suites.
• Maintain relationships with tenants and develop new prospects.
• Prepare portfolio reporting for senior management.
• Oversee capital improvements and project execution.
• Support valuations with the financial analyst team.
• Monitor market trends affecting real estate values and strategy.
• Collaborate with acquisitions team on potential investments.

Skills

Leadership

Communication

Financial analysis

Lease management

Retail asset management

Yardi

Excel

Argus

MS Office 365

Team collaboration

Education

BA/BS in finance or real estate

Graduate degree preferred

Tools

Yardi

MS Office 365

Argus

MS Excel

Job description

SENIOR ASSET MANAGER

www.bhproperties.com

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 10M square feet across 18 states.

POSITION

The Senior Asset Manager will be primarily responsible for overseeing the operations of assets in Southern California 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

Los Angeles County

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 our 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.
• 20% Travel

COMPENSATION

$175,000-$225,000 base

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.