BH Properties

Asset Manager

BH Properties$100K — $120K *
Plano, TX 75025In-Person
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • BA/BS in finance, real estate, or related field; graduate degree preferred.
  • 7-10+ years in commercial real estate asset management or related experience.
  • Strong financial analysis skills and experience with asset-level financial statements.
  • Proficient in real estate accounting with excellent analytical abilities.
  • Familiar with Yardi, MS Office 365, and Argus.

Responsibilities

  • Negotiate new leases and renewals with brokers or directly.
  • Implement operational efficiencies to maximize returns.
  • Oversee property management and lease analysis for business plans.
  • Conduct regular property inspections for readiness.
  • Enhance tenant relationships and attract new prospects.
  • Prepare portfolio reports for senior management.
  • Negotiate contracts and manage capital improvement projects.

Benefits

  • Opportunity to grow with a well-capitalized investment group.
  • Supportive, collaborative work environment.
  • Chance to manage a diverse portfolio in a major city.
  • Engagement in high-visibility projects and negotiations.
Full Job Description
ASSET MANAGER www.bhproperties.com

POSITION

The Asset Manager will be primarily responsible for managing a portfolio of assets in greater Dallas along with participating in due diligence efforts on acquisitions the Company may be considering. The successful candidate will have worked in a principal-based environment with demonstrated experience in managing the leasing process across office, industrial and flex space requiring creative dealmaking and analytical skills. The role is highly visible, both internally and externally, requiring skills and experience in leadership, management, and communication.

LOCATION

Dallas, TX

REPORTING

Managing Director, Asset Management

RESPONSIBILITIES
  • Actively participate in the negotiation of new leases and renewals directly or through third party leasing brokers.
  • 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.
  • 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 a plus.
  • 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.
  • Experienced in financial analysis, understanding of asset level financial statements, and possess a demonstrated level of experience in lease management and metrics.
  • 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.
  • 30% Travel

COMPENSATION
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. For immediate consideration please submit your resume with salary requirements. Resumes submitted with salary requirements will be considered a priority.

About BH Properties

BH Properties is a real estate investment firm that specializes in the acquisition, management, and disposition of distressed and value-add real estate assets. The company was founded in 1997 and is headquartered in Los Angeles, California. BH Properties has a diverse portfolio of properties, including office, retail, industrial, and multifamily properties. The company is committed to creating value for its investors through strategic acquisitions and asset management.
Learn more about BH Properties
Size
50 employees
Industry

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