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Asset Manager, Ten-X

CoStar Group, Orange County - CA

Work at CoStar Group


Asset Manager, Ten-X


Job Description


OVERVIEW

Ten-X, a CoStar Group Company, is the world's largest online commercial real estate marketplace, conducting more transactions via an online auction format than any other platform in the world.  Ten-X recently surpassed $24 Billion in closed transactions, averaging between $2-3 Billion in closings each year since inception in 2009.  Ten-X assists commercial owners and brokers in selling and closing transactions through worldwide marketing campaigns and a best in class process which provides transparency, efficiency and expedited selling and closing time frames.

The Asset Manager is the main support role for sell-side positions, responsible for working with the Sellers, Brokers, and Buyers throughout the lifecycle of assets on the Ten-X platform, including during asset onboarding, the marketing period, and through the successful sale of the asset. The Asset Manager is responsible for overseeing and managing all aspects of CRE transactional activities necessary to provide a smooth and professional experience to Sellers and Brokers. This role is a customer-facing role with focus on process and operational items in addition to customer experience.

This position is responsible for onboarding commercial real estate assets to the Ten-X platform, as well as coordinating logistics and communication with Sellers and/or Brokers on the sell-side required for a successful transaction.  Once a seller and broker are ready to onboard and list assets with Ten-X, the Asset Manager professionally facilitates the process of bringing those assets online with support from the Operations team and through the use of various internal systems, which are collectively and interdependently used to input, store, and organize all data, descriptors, photographs, due diligence documents, and any other variables necessary for assets to be placed on the Ten-X platform for public viewing.

RESPONSIBILITIES:

  • Responsible for overseeing the onboarding of commercial real estate assets to the Ten-X platform and ensuring assets are ready to be sold via auction.  Act as the single point of contact and own the life cycle of assigned account transactions from onboarding, marketing, sale and close of escrow.
  • Review initial onboarding of assets completed by the Operations team; collect, analyze, and organize additional due diligence, data points, descriptors, photographs, other system-required variables and marketing material in order to showcase all property page(s) on the website optimally.
  • Understand the value drivers of the asset being sold including market strength/ weaknesses, stability/ variability of cash flows, capital needs, environmental concerns, and reduce investor risk by gathering and providing as much information as necessary to underwrite the transaction.
  • Successfully manage and organize weekly seller update calls, which entails gathering market feedback, guidance, and analytics, as well as requesting any missing diligence materials.
  • Manage the auction for the seller on auction day to include placing bids, changing increments, conducting auction day call (“qualifying the deal”)
  • Work productively and collaboratively with other business units, such as, Business Development, Contracts/Legal, Title/Escrow, Marketing, and Operations to ensure maximum chance of successful marketing, sale and closing of assigned assets.

BASIC QUALIFICATIONS

  • Bachelor’s degree or an equivalent combination of experience and education
  • 3 years of experience with commercial real estate transaction management, escrow and/or mortgage loan sale transactions including timelines, required documentation, and disclosures.
  • 3 years of demonstrated analytical and organizational skills, attention to detail, and ability to handle confidential material within the CRE arena.

PREFERRED QUALIFICATIONS

  • Real estate broker or salesperson license a plus
  • Intermediate/advanced Microsoft Excel skills and basic knowledge of other Microsoft Office applications.
  • Demonstrated sales support and consulting capabilities for real estate assets.
  • Experience in communicating effectively both written and verbally with internal and external parties (i.e. Sellers, buyers, and Brokers).
  • Should be a self-motivated, organized individual, with a keen ability to multi-task at a high level and make independent decisions with minimal supervision. 
  • Understanding and Mastery of specialized internal databases and reporting systems to provide relevant data and information to Sellers, Brokers, and the Business Development team quickly.

OVERVIEW OF COMPANY

Founded in 1987, CoStar Group is the leading provider of commercial real estate information, analytics, and online marketplaces. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availability. Behind some of the most well-known brands in the industry, CoStar Group includes CoStar, the largest provider of CRE research and real-time data; LoopNet, the most heavily trafficked mobile and online real estate marketplace; Apartments.com, the premier rental home resource for renters, property managers and owners; STR, the leading provider of performance benchmarking and comparative analytics to the hotel industry; BizBuySell, the largest online marketplace for businesses-for-sales; and Lands of America, the leading operator of online marketplaces for rural real estate.

Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S. and in Europe, Canada, and Asia with a staff of over 4,300 worldwide.

WHAT’S IN IT FOR YOU

Working at CoStar Group means you'll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines. In addition to generous compensation and performance-based incentives, you'll be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.

Our benefits package includes (but is not limited to):

  • Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
  • Life, legal, and supplementary insurance
  • Commuter and parking benefits
  • 401(K) retirement plan with matching contributions
  • Employee stock purchase plan
  • Paid time off
  • Tuition reimbursement
  • On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes, as well as Segways and bikes available for use during the day
  • Complimentary gourmet coffee, tea, hot chocolate, prepared foods, fresh fruit, and other healthy snacks

Be part of a team of professionals enjoying the opportunity to learn, do, and grow in a rewarding atmosphere. But don't just take our word for it -- see why our team chose to work at and stay at CoStar Group: https://www.youtube.com/watch?v=CVbJRnJ2sX0

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply.  However, please note that CoStar is not able to provide visa sponsorship for this position.

This position offers a base salary range of $67,000 to $110,000, based on relevant skills and experience and includes a generous bonus and benefits plan.

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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing

About CoStar Group

CoStar Group is the leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets.

CoStar Group

Want to learn more about CoStar Group? Visit CoStar Group's website.