REAL ESTATE PORTFOLIO ASSOCIATE, ASSET MGMT.Time Equities, Inc. ("TEI"), an international real estate development and investment company, is seeking a self-motivated and reliable associate to assist senior leadership in the implementation of the various business plans in an 8 million square foot office, multifamily, and industrial portfolio through redevelopment, leasing, disposition, and management strategies.
The Associate will report to the co-heads of the portfolio and work from our conveniently located NYC office in the Flatiron District. This is a perfect position to gain valuable exposure and experience for a great career path.
JOB RESPONSIBILITIES:- Primarily responsible for managing the full leasing lifecycle for new leases, renewals, expansions, amendments, and terminations, from initial proposal through lease execution and tenant move-in
- In conjunction with our third-party brokerage teams, prepare and negotiate LOIs, term sheets, and lease drafts in coordination with counsel, brokers, and tenant representatives
- Underwrite proposed deals, including net effective rent, TI and leasing commission costs, free rent, and impact on property cash flow and valuation
- Coordinate required approvals from ownership, asset management, and lenders (SNDAs, estoppels, and lender consents)
- Track tenant improvement work and landlord deliverables with property management and construction teams through rent commencement
- Manage day-to-day broker relationships, and prepare leasing activity reports and market comps for portfolio reviews
- Initiate and maintain annual operating budgets for properties (including NYC commercial condominiums)
- Monitor and update cash management tracker and reserve fundings (including NYC commercial condominiums)
- Perform monthly reporting for properties (including NYC commercial condominiums)
- Monitor tenant and unit owner arrears and work with Rents Department and third-party managers on reconciliations
- Oversee distribution schedule funding from third-party managers
- Assist in construction bidding/monitoring process
- Bid out and negotiate annual maintenance contracts
- Research and initiate creative approaches to property expense reductions
JOB REQUIREMENTS:- 1-3 years of experience in the management of a commercial property portfolio
- High-level knowledge of Excel, Yardi, MRI, or other property accounting software
- Excellent interpersonal, analytical, and writing skills
- Strong organizational skills
- Accounting experience preferred
BENEFITS AND PERKS:- Broad competitive compensation and benefits package including Medical, Dental, Vision, Life, and Disability insurance
- 401(k) Retirement Plan with company-matched contributions
- Eligible to elect other voluntary benefits including FSA, additional life insurance coverages
- Up to $3,500/year in tuition reimbursement for continuing education relevant to one's job.
- Tax-free benefits for mass transit or parking expenses
- Access to an Employee Assistance Program for services including counseling, financial and legal consultation, referrals for care services, and more
- Opportunity to enroll in an internal mentorship program
- Opportunity to serve on various internal committees such as the Change Committee and Wellness Committee
- Paid time off including vacation, sick, and personal days
If you are interested, please send a resume, salary expectations, and a short cover letter explaining specifically why you should be the one selected.
For more information, please visit our website at www.timeequities.com
Salary: $ 85- 110 K - depending on experience 
