VP of Asset Management

Bomaftlpb; Miami (FL); On-site; USD 90,000 - 160,000; Full time

Job summary

An established industry player is seeking a Vice President of Asset Management to join their dynamic team in Miami. This pivotal role involves maximizing portfolio performance, leading teams, and driving asset value in the commercial real estate sector. The ideal candidate will have over 7 years of experience in asset management, strong leadership abilities, and a deep understanding of lease structures and financial reporting. This is a unique opportunity to make a significant impact within a firm that focuses on innovative investment strategies and comprehensive property management, enhancing returns through a high-touch approach.

Qualifications

• 7+ years in commercial real estate asset management required.
• Strong leadership and negotiation skills are essential.

Responsibilities

• Oversee leasing professionals and negotiate deal terms.
• Lead internal asset management team and manage vendor relationships.

Skills

Leasing Strategy

Negotiation Skills

Leadership

Financial Reporting

Operational Controls

Education

Bachelor's degree in Business or related field

Master's degree (preferred)

Tools

Elevate

LoanBoss

Job description

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We’re seeking an experienced Vice President of Asset Management to join our dynamic team. This role is ideal for a results-driven professional with a proven track record in leasing, third-party management, internal operations, lender relations, and more. You’ll play a pivotal role in maximizing portfolio performance, leading teams, and driving asset value.

WHO WE ARE?

Midtown Capital Partners (MCP) is a prominent SEC registered Investment Advisor and privately held vertically integrated development and asset management firm established in 2010. MCP is based in Miami, Florida with offices in Spain and Colombia. The company focuses on acquiring and developing income-generating properties in the office, retail, industrial, and multifamily sectors in prominent MSA’s throughout Florida, Sunbelt states, Mid-Atlantic states, and Colorado. MCP has three open-ended funds and a robust co-investment vehicle with a commercial portfolio of more than $1B Assets Under Management. MCP also manages a portfolio of over 500 single-family rental units in South Florida. MCP enhances returns through bank, life company, CMBS and capital markets debt. The company currently provides an integrated solution through its high-touch investment strategy, comprehensive property management, and property disposition. Maximize operational cash flows and maintains assets in optimal conditions.

Key Responsibilities

Leasing Strategy & Oversight

1. Hire and oversee leasing professionals
2. Approve LOIs and review tenant financials
3. Negotiate deal terms and lead lease renewals
4. Drive rent growth and approve final lease documentation
5. The continuous monitoring of the original underwriting of the property to ensure that the business plan is achieved and exceeded.

Third-Party Management

1. Oversee post-closing requirements and transitions
2. Identify, hire, and manage best-in-market third-party firms
3. Negotiate service contracts and support operational execution
4. Review and approve property budgets, CAMs, and monthly reporting
5. Oversee BI & TI and improve documentation processes

Internal Team Leadership

1. Hire and train internal asset management team
2. Lead due diligence and integration for new acquisitions
3. Establish and enforce controls, including variance reporting
4. Approve payables via Elevate and lead leasing renewals
5. Manage internal lease documents and approval workflows
6. Prepare and submit quarterly and year-end reports
7. Submit leases and obtain lender approvals
8. Manage loan draws and insurance variance requests
9. Administer loan compliance via LoanBoss
10. Review and approve annual tax protest recommendations
11. Lead data requests and submissions for annual protests

Insurance Compliance

1. Track policy expirations and analyze competitive bids
2. Ensure loan requirement compliance and assist in claims management

Legal Oversight

1. Review and revise lease language
2. Manage evictions, terminations, bankruptcies, and workouts
3. Navigate lender defaults, subleases, assignments, and easements

Valuations

1. Oversee annual valuation process and manage vendor bids

Ideal Candidate Profile

1. 7+ years in commercial real estate asset management
2. Strong leadership and negotiation skills
3. Deep understanding of lease structures, financial reporting, and operational controls
4. Proven experience managing internal teams and third-party vendors
5. Adept at working with lenders, legal teams, and tax/insurance professionals