The Real Estate Asset Manager is responsible for all aspects of the administrative, financial, capital and operations of the assigned portfolio to maximize investment value by managing income, cash flow and long term property strategy. This includes the preparation of long-term business plans, quarterly leasing and occupancy reviews, developing monthly cash flow projections, oversight of third party service providers, capital plan oversight, and disposition of real estate assets.
The incumbent should be able to perform all of the following functions at a pace and level of performance consistent with the job performance requirements
Develops and implements strategic leasing/marketing strategy plans for each asset that will govern its daily operations, position in the market, and ultimate disposition to maximize value.
Evaluates local markets to identify changes and trends, and the related impact on real estate values and investment strategies.
Actively participates in the negotiations on new leases and renewals and oversees the lease administration process.
Reviews and analyzes monthly and quarterly financial statements for each property and tracks asset performance to budget. Performs routine reporting on property financial performance to executive management.
Prepares annual operating budget and capital budget, and five-year capital improvement plan.
Manages the capital/tenant improvement development process, including engagement, negotiation and oversight of construction projects.
Manages disposition of assets, which includes preparing a hold-sell recommendation, retaining an investment broker through an RFP process, overseeing the marketing process, negotiating the Purchase and Sale agreement, and supervising the closing of transaction(s).
Works with third party property managers, and/or vendors and maintenance technicians, to provide direction for and oversight of business plans.
Negotiates property management agreements. Facilitates strong tenant / landlord communication channels.
Graduate from an accredited college or university with a Bachelor’s degree is required, preferably in business, finance, accounting and/or real estate. Five years of experience in asset management is required. Must have knowledge of leasing, real estate contracts and agreements with impact to asset values. Must be familiar with the general principles of real estate, financialreporting, general accounting and lending practices. Strong analytical skills, financial modeling, detailed property-level financial statement analysis, pro-forma analysis and discounted cash flow modeling is required. Strong negotiation skills and ability to present complex real estate financial information verbally and in writing is required. Knowledge and experience with government real estate market is preferred. Proficiency in Microsoft Office applications, especially in Excel, is required. A valid driver’s license is required.
CoreCivic is a Drug Free Workplace & EOE