What are the responsibilities and job description for the Managing Director position at High Country: Private Equity Search?
Our client is a real estate investment management company with over a decade of experience in acquiring, developing and managing all major property types in the United States. This investment management opportunity will focus on asset and portfolio management. The selected candidate will also lead the acquisitions process through the disposition of assets and subsequent recycling of capital.
Key Responsibilities
- Oversee the full scope of a real estate portfolio, including asset and portfolio management, periodic tax-efficient dispositions and reinvestment strategies.
- Drive value creation through proactive asset management of a diverse portfolio across multiple sectors and markets.
- Develop and execute comprehensive asset and portfolio business plans, including leasing strategies, periodic asset dispositions, reinvestment of sale proceeds, and ongoing financing strategies.
- Source, screen, and evaluate all new investment opportunities. Responsible for financing activities and business plan execution for each asset.
- Foster strong relationships with internal staff, partners, brokers, developers, attorneys, and other industry contacts to gain a comprehensive understanding of each acquisition and development opportunity.
- Build and lead a small high-performing team, starting with a junior asset manager, an investment analyst, and a finance / accounting team.
- Manage outsourced professional support as needed for property management, legal and tax, and capital improvement activities
- Conduct thorough market analyses to identify periodic core investment opportunities and lead 1031 exchange deals.
- Define and communicate the long-term vision for the company's real estate investment portfolio, aligning asset management strategies with overall business goals.
- Build strong relationships with all stakeholders, including capital sponsors, board members, fellow employees, and brokerage community to optimize long-term results.
- Implement risk management strategies and ensure compliance with legal, regulatory, and financial obligations to protect company assets.
- Oversee, and report on, the financial performance of the portfolio, ensuring effective tracking of revenue, expenses, capital expenditures, and financing costs.
- Assess selective opportunities to enter new markets or real estate sectors if unique investments avail themselves.
- Technology and Process Optimization : Lead team in optimizing use of technologies to enhance operational efficiencies in asset management, reporting, and stakeholder communication.
- Foster team growth through effective talent management, mentoring, and succession planning.
- Regularly manage property performance through inspections and performance reviews, identifying and acting on opportunities to improve operational efficiency and financial results.
