Real Estate Asset Manager

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Job description

Real Estate Asset Manager

EastBanc Inc is seeking an Asset Manager to oversee a diverse portfolio of mixed use urban assets. EastBanc is a family owned real estate development company focused on high quality urban assets and design driven development. The company is committed to acquiring, developing, managing, and leasing assets they wish to own indefinitely with over $5Bn in assets under management. EastBanc focuses on complex urban real estate transactions where they can create value by pairing cutting edge modern design and architecture with timeless urban planning and sensibility.

EastBanc is interested in an asset manager to help manage a portfolio of trophy retail, office, and residential projects in Washington DC and NYC. The asset manager will have exposure to all of EastBanc's assets and report directly to the head of asset management. A sample of initial job responsibilities include:

 Manage and Maintain

EastBanc expects their asset managers to have high attention to detail as they are directly responsible for all spending and operations at the building on behalf of ownership. They must be able to manage and communicate with a team of property managers, accountants, leasing brokers, tenants, attorneys, consultants, and investors in order to maintain their assets to the highest standard.

• Review, improve, and approve budgets of existing assets with the property management team to forecast future capital needs and cash flow
• Oversee the property management team to ensure completion of an accurate budget, adherence to budget, maintaining property operations and services, delivering best in class service, supervising direct reports and contract personnel, and performance of outside vendors.
• Direct lease negotiations including performing analysis of lease proposals and managing the approval process for proposed lease terms with capital partners and lenders, and developing and executing on a leasing strategy
• Develop and communicate business plans, budgets, reforecasts, and asset strategy to investment partners and lenders

Create Value, Improve, and Adapt

EastBanc relies on its asset management team to generate value and creatively adapt its existing assets to the changing needs of its tenants. This requires our asset management team to:

• Be forward thinking and create flexible plans that can meet the changing needs of its tenants
• Find ways to continually invest in assets to add value, drive operational efficiency, and stick out from the market with superior service and building technology
• Quantitatively and qualitatively evaluate all decisions from a long term operational outlook and continually find ways to improve and optimize the assets

EastBanc is looking for a candidate with at least four years of relevant work experience who has developed good judgement and can manage complicated mixed use projects with minimal oversight. EastBanc is strongly committed to developing and promoting internally and interested in candidates that see a long term future for themselves at the firm.