Director Asset Management

ASSET MANAGEMENT, DIRECTOR

JOB DESCRIPTION

Company Background

Founded in 1993, DivcoWest is a multi-disciplinary real estate investment firm headquartered in San Francisco, with offices in Los Angeles, Menlo Park, Cambridge, Washington DC, Austin, and New York City. Known for our long-standing relationships and track record of success in innovative markets, DivcoWest combines entrepreneurial spirit with an institutional approach.

DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance the health, happiness, and well-being of all people. A disciplined code of ethics is at the core of all that we do. We believe that the collective energy of a diverse team is what drives our creative ideas and solutions.

Summary

The Asset Manager is responsible for optimizing the performance of the Company’s real estate assets in the New York City market. They will collaborate with the regional investment team, portfolio managers, fellow asset managers, tenants, property managers, building engineers, lenders, brokers, and contractors to ensure business plan execution. They will also assist the investment team with capital transactions such as acquisitions, financing, and dispositions.

The right person for the role will possess a blend of strong interpersonal, analytical, and organizational skills. This entrepreneurial group prizes critical thinking, relationships, independent motivation, and transparent communication. The position is ideally suited for a highly motivated, detail-oriented individual with relevant asset management experience in the New York City market, a strong work ethic and a passion for real estate.

This role requires 5 days in office at our Cambridge, MA location.

Interested candidates should send their resumes to Recruiting@divcowest.com.

Responsibilities

• Work closely with in-house property management team, third party property managers, brokers, consultants, and attorneys to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis and approvals.
• Oversee and participate in quarterly and annual reporting/valuations for clients and senior management.
• Negotiate third party contracts and oversee implementation of capital improvement and value-add programs within the portfolio.
• Analyze lease transactions and negotiate leases.
• Monitor cash flow and budgets to maximize returns.
• Work collaboratively with the investment team members in evaluating potential investment opportunities, assist with due diligence and facilitate the process of onboarding new assets.
• Oversee hold/sell analysis and collaborate with other team members to make recommendations.
• Lead disposition processes
• Assist with special projects as needed.
• Travel may be necessary.

Qualifications

• BA/BS degree with strong record of academic achievement; graduate degree a plus.
• 10 years or more of commercial real estate asset management in New York City, preferably with institutional ownership.
• Experience with office and multifamily property types.
• Existing relationships in the New York City market.
• Strong financial, oral, and written communication skills.
• Highly organized, detail oriented, and able to handle multiple projects in team settings.
• Proficient in Excel, Office, PowerPoint, Argus and willingness to adopt new technologies leveraged across the company’s portfolio.
• Highly driven, with a positive, solution-oriented attitude
• Ability to think like an owner in all decision making.
• Entrepreneurial spirit with a willingness to do what is necessary.
• Ability to travel to properties.

The person in this position must be able to:

• Remain in a stationary position for 75% of the time working on a computer and attending virtual meetings.
• Occasionally move about the office to access file cabinets, office technology, attend meetings, and visit properties.

Compensation

• $175,000-$200,000
• Annual bonus opportunity
• Full benefits
• 401k
• Flexible vacation policy
• Weekly lunch stipend

Divco West Services, LLC (“Company”), an equal opportunity employer, is committed to equal opportunity for all employees and applicants. The Company recruits, hires, trains, promotes, pays, and administers all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses. Please review our company Privacy Policy regarding the use of any personal information you provide us at: https://www.divcowest.com/privacy-policy/

This policy applies to all areas of employment, including recruitment, testing, screening, hiring, selection for training, upgrading, transfer, demotion, layoff, discipline, termination, compensation, benefits, and all other privileges, terms, and conditions of employment. This policy and the law prohibit employment discrimination against any employee or applicant on the basis of any legally protected status outlined above.