Vice President Asset Management

Real Capital Solutions is a highly entrepreneurial real estate investment company pairing active capital with an emphasis on street level solutions. As an active investment management company, RCS sources investment deals in value-add, opportunistic and high barrier to entry markets. RCS is solutions oriented real estate company that focuses on acquisitions and management of complex and structured real estate opportunities. The company has over 40 years of operational and real estate expertise and a portfolio that currently encompasses more than 85 real estate projects comprising approximately $2.7 billion in value.

SUMMARY

The Vice President of Asset Management is responsible for all aspects of a commercial and multi-family portfolio valued at more than $2.7B and comprised of nearly 17 million square feet across about 85 projects (office, retail, industrial, multi-family, and hospitality). This position directs a staff of four and works directly with the Finance & Accounting teams to set direction for the asset management department and the company’s real estate portfolio. This position has the overall objective of driving returns and implementing individual work-out plans, to maximize profits and value for the company’s real estate portfolio and developing and implementing department processes and procedures and management strategies. In addition to department management responsibilities, this position has direct asset management responsibilities for several properties. Current portfolio is growing, the company bout 6 properties in 2024 and 5 properties in 2025 with a goal of acquiring $900 million in 2026.

RESPONSIBILITIES

· Hire, manage, train and mentor the in-house asset managers for the portfolio of properties managed in-house.

· Develop and implement department procedures (leasing & marketing, property management and budgeting processes to disposition processes, etc.)

· Manage 3 rd party relationships for properties in the portfolio through the commercial Asset Management team (i.e., outside brokerage and property management services)

· Provide supervisory guidance on the analysis, drafting and negotiation and of all new and renewal leases as necessary, and ultimately approve all leases and amendments.

· Meet regularly with the Asset Management team and Commercial Finance Manager to track the properties’ occupancy, cash flow, expenses and pending capital items to maximize the overall performance of each property in the portfolio.

· Work with the Asset Managers to prepare annual strategic plans for each property in the portfolio, including recommendations related to refinancing and disposition—always with an eye toward augmenting cash flow and profits/IRR to meet or exceed proforma targets and maximize investor returns

· Work with the Asset Managers and the Finance team to reforecast each property’s proforma returns twice per annum (each year after the 3/31 and 9/30 actual data is finalized) and report the results to Sr. Management and the CEO

· Manage asset dispositions, working with 3 rd party investment sales brokers; analyze returns (IRR and profit) on potential dispositions and obtain approval from the CEO to sell, negotiate listing agreements with brokers and negotiate with interested buyers to maximize sale pricing; then, with the help of the in-house legal and finance teams, manage the disposition process (from contract to final closing)

· Work with the Vice President of Debt/Capital to obtain new and renewal financing for the portfolio and work with lenders on an on-going basis to answer questions and obtain necessary approvals (e.g., on leasing and capital expenditures)

· Work with the Accounting and Finance teams to ensure that all appropriate loan draw requests are made to lenders

· Work with the Finance team to track debt service coverage ratios and other loan covenants to ensure compliance; coordinate loan “work-outs” and modifications, if necessary, with lenders; keep Cash Manager apprised of all potential loan pay-downs

· Oversee the annual leasing and operating budget process with the Asset Management Team for each property

· Review cash flow and variance reports quarterly and report to senior management and ownership any positive/negative trends – both on individual properties and the portfolio as a whole

· Oversee preparation of quarterly report updates for investors, and meet in person with investors (and via phone or email) from time to time to provide more detailed updates as needed

· Coordinate with the Asset Management and finance team to prepare semi-annual valuations of the properties in the portfolio for inclusion on the Owner’s (CEO’s) financial statement

· Coordinate monthly portfolio update for the COO on individual properties with the assistance of the Asset Management team.

· Assist in the preparation of an annual Advisory Board report on the portfolio

· Mentor the asset manager team to enhance the skills and performance.

· Assist the other asset managers with the sale process on their properties as needed

· Continue to coordinate the national tax protest relationship with the Asset management team

· Assist in creating Standard Operating Procedures for the asset management department

· Vice President will be directly responsible acting as assigned asset manager for several properties, in addition to supervisory duties over other asset managers.

QUALIFICATIONS

· Bachelor’s degree in business, finance, economics or related field (and/or a commensurate level of work experience in the commercial real estate arena)

· Minimum 15-20+ years of experience as an asset or portfolio manager and/or analyst with emphasis office, retail, industrial and multi-family properties

· Strong leadership skills to manage a growing team of highly ambitious professionals

· Proficient in MS Excel, MS Word, Power Point at a minimum

· Ability to perform financial analysis on prospective leases, sales, etc. to arrive at appropriate fact and numbers driven solutions for the portfolio

· Excellent communication skills, both written and verbal

· Proven organizational skills with attention to details

· Excellent interpersonal skills with a professional and dynamic demeanor

ESSENTIAL FUNCTIONS

• Ability to comply with company rules and regulations.
• Ability to sit and stand for extended periods
• Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
• Ability to operate various office equipment efficiently (computer, phone, copier, etc.)

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The pay range for this role is:

160,000 - 190,000 USD per year (Louisville, CO)

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