Commercial Real Estate – Manager of Asset Management
PrideStaff, Chino, California, United States, 91708
PrideStaff is currently seeking a
Commercial Real Estate – Manager of Asset Management
for a commercial real estate company located in Chino, CA. This is a full-time, Direct Hire position with opportunity to grow. Please see job requirements below to be considered.
Salary Range $120,000 to $125,000
Shift: Monday – Friday, 8am to 5pm
Position Overview The
Manager of Asset Management
will lead the strategic and operational management of our client’s shopping center portfolio, with a primary focus on maximizing asset value, optimizing returns, and driving portfolio growth. This leadership role involves overseeing asset management and property management departments and collaborating closely with leasing, accounting, and executive leadership to develop and execute long-term investment and asset strategies.
The ideal candidate is both analytical and entrepreneurial — capable of identifying opportunities for improvement, developing actionable plans, and leading their team to achieve company objectives.
Key Responsibilities Strategic Leadership
Lead and manage the asset management team, providing direction, mentorship, and performance oversight.
Develop and implement asset-level strategies to enhance portfolio value and achieve financial objectives.
Collaborate with executive leadership to set portfolio performance goals, investment strategies, and risk management frameworks.
Identify opportunities for repositioning, redevelopment, or disposition of underperforming assets.
Financial Performance & Analysis
Oversee financial performance of all assets, including monitoring rent rolls, budgets, capital expenditures, and operating expenses.
Review and approve annual budgets and quarterly forecasts prepared by the property management team.
Analyze portfolio performance metrics and provide recommendations to improve cash flow and ROI.
Ensure accurate financial reporting, variance analysis, and benchmarking across the portfolio.
Acquisitions & Dispositions
Lead due diligence efforts for acquisitions, dispositions, and refinancing activities.
Evaluate potential investment opportunities through market research, financial modeling, and underwriting.
Prepare investment memos and present recommendations to the executive and investment committees.
Collaborate with legal, finance, and external partners to structure and close transactions.
Leasing & Tenant Relations
Oversee leasing strategy and execution to optimize occupancy and tenant mix.
Partner with leasing teams and brokers to identify tenant opportunities aligned with property positioning and company strategy.
Review, analyze, and redline key lease documents, including new leases, renewals, and amendments, to ensure alignment with asset strategy, financial objectives, and company policies.
Property & Operational Oversight
Collaborate with property management to ensure properties are well-maintained, compliant, and aligned with asset strategies.
Oversee capital improvement projects and approve significant operational expenditures.
Ensure all assets adhere to regulatory, environmental, and safety standards.
Reporting & Risk Management
Oversee the preparation of asset management reports, dashboards, and performance reviews for senior management.
Monitor market trends and assess their impact on portfolio performance.
Identify and mitigate operational and financial risks across the portfolio.
Implement and maintain crisis and contingency management plans.
Qualifications
Bachelor’s degree in Business, Finance, Real Estate, or related field (Master’s degree preferred).
7+ years of progressive experience in commercial real estate and asset management, preferably with a focus on shopping centers or retail properties.
Demonstrated leadership experience managing teams and multiple assets or portfolios.
Strong financial acumen with deep experience in budgeting, underwriting, and investment analysis.
Expertise in lease negotiation, tenant relations, and portfolio strategy.
Excellent communication, negotiation, and presentation skills.
Proficiency in property management and financial modeling software (e.g., Yardi, Argus, Excel).
Strong organizational and project management skills with the ability to manage competing priorities in a fast-paced environment.
Compensation / Pay Rate (Up to): $120,000.00 - $125,000.00 Per Year
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Commercial Real Estate – Manager of Asset Management
for a commercial real estate company located in Chino, CA. This is a full-time, Direct Hire position with opportunity to grow. Please see job requirements below to be considered.
Salary Range $120,000 to $125,000
Shift: Monday – Friday, 8am to 5pm
Position Overview The
Manager of Asset Management
will lead the strategic and operational management of our client’s shopping center portfolio, with a primary focus on maximizing asset value, optimizing returns, and driving portfolio growth. This leadership role involves overseeing asset management and property management departments and collaborating closely with leasing, accounting, and executive leadership to develop and execute long-term investment and asset strategies.
The ideal candidate is both analytical and entrepreneurial — capable of identifying opportunities for improvement, developing actionable plans, and leading their team to achieve company objectives.
Key Responsibilities Strategic Leadership
Lead and manage the asset management team, providing direction, mentorship, and performance oversight.
Develop and implement asset-level strategies to enhance portfolio value and achieve financial objectives.
Collaborate with executive leadership to set portfolio performance goals, investment strategies, and risk management frameworks.
Identify opportunities for repositioning, redevelopment, or disposition of underperforming assets.
Financial Performance & Analysis
Oversee financial performance of all assets, including monitoring rent rolls, budgets, capital expenditures, and operating expenses.
Review and approve annual budgets and quarterly forecasts prepared by the property management team.
Analyze portfolio performance metrics and provide recommendations to improve cash flow and ROI.
Ensure accurate financial reporting, variance analysis, and benchmarking across the portfolio.
Acquisitions & Dispositions
Lead due diligence efforts for acquisitions, dispositions, and refinancing activities.
Evaluate potential investment opportunities through market research, financial modeling, and underwriting.
Prepare investment memos and present recommendations to the executive and investment committees.
Collaborate with legal, finance, and external partners to structure and close transactions.
Leasing & Tenant Relations
Oversee leasing strategy and execution to optimize occupancy and tenant mix.
Partner with leasing teams and brokers to identify tenant opportunities aligned with property positioning and company strategy.
Review, analyze, and redline key lease documents, including new leases, renewals, and amendments, to ensure alignment with asset strategy, financial objectives, and company policies.
Property & Operational Oversight
Collaborate with property management to ensure properties are well-maintained, compliant, and aligned with asset strategies.
Oversee capital improvement projects and approve significant operational expenditures.
Ensure all assets adhere to regulatory, environmental, and safety standards.
Reporting & Risk Management
Oversee the preparation of asset management reports, dashboards, and performance reviews for senior management.
Monitor market trends and assess their impact on portfolio performance.
Identify and mitigate operational and financial risks across the portfolio.
Implement and maintain crisis and contingency management plans.
Qualifications
Bachelor’s degree in Business, Finance, Real Estate, or related field (Master’s degree preferred).
7+ years of progressive experience in commercial real estate and asset management, preferably with a focus on shopping centers or retail properties.
Demonstrated leadership experience managing teams and multiple assets or portfolios.
Strong financial acumen with deep experience in budgeting, underwriting, and investment analysis.
Expertise in lease negotiation, tenant relations, and portfolio strategy.
Excellent communication, negotiation, and presentation skills.
Proficiency in property management and financial modeling software (e.g., Yardi, Argus, Excel).
Strong organizational and project management skills with the ability to manage competing priorities in a fast-paced environment.
Compensation / Pay Rate (Up to): $120,000.00 - $125,000.00 Per Year
#J-18808-Ljbffr