What are the responsibilities and job description for the Associate Director, Asset Management position at Longfellow Real Estate Partners?
Company Background :
Longfellow Real Estate Partners is a vertically integrated real estate company dedicated to investing in the rapidly growing and highly specialized life sciences sector. Our institutional capabilities and market expertise enable us to deliver superior risk-adjusted returns for our investors while building collaborative, long-term partnerships with our tenants. Longfellow is a highly entrepreneurial organization where we pride ourselves on a shared work ethic and a focus on accomplishing collective objectives. Longfellow strives to develop deep and lasting relationships internally within our team and externally with our investors, clients, vendors, and community through a shared vision and values.
Longfellow has grown from a small start-up in 2009 to a 160 person organization and one of the largest privately owned owner / operators in life science. The firm has a 16.5M square foot existing portfolio / development pipeline across 8 major life sciences markets in the US and UK (Boston, Maryland-Washington D.C., New York City, North Carolina, Philadelphia, San Diego, San Francisco Bay Area, and London / Cambridge in the UK).
With unprecedented growth, we are looking for a collaborative and entrepreneurial individual to join Longfellow where we envision considerable opportunity for advancement as our firm expands. We believe what’s good for our team is good for our business – Longfellow encourages a kind, fun, and collaborative culture where the wins are shared. We envision considerable opportunity for advancement as our organization expands.
Position Background :
We are seeking to hire an Associate Director for our Asset Management team with a background in commercial real estate asset management. The ideal candidate must have a strong work ethic, great attention to detail, and the highest level of integrity.
This is a dynamic role that will report to the Managing Director, Asset Management and work directly with our asset management, leasing, project management and property management teams. The position provides exposure to a full spectrum of duties within a fast-growing real estate development and management firm. As such, the position demands a dedicated individual with leadership skills, facility with numbers, good people skills and the ability to prioritize, multi-task, work independently and solve problems.
Specific Responsibilities :
- Responsible for day-to-day asset management strategy of various property, project and leasing related activities, optimizing property financial performance and value;
- Oversee and coordinate leasing activities, analyze and negotiate lease transactions, interact with 3rd party brokerage teams, and ensure compliance with Investor;
- Take an active and creative approach to maximize project leasing and ensure cultivation of strong relationships with tenant and prospects;
- Assist in developing annual budgets, quarterly reforecasts, and business plans;
- Oversee execution of property level budgets and business plans;
- Attend weekly leasing meeting with 3rd party brokerage teams as well as internal meetings with property and project management teams;
- Oversee property-level operations and implementation of property-level capital projects;
- Complete monthly, quarterly and annual investor reporting;
- Review and approve property level invoices;
- Prepare investment memoranda to be presented to Investment Committee and Investors
- Travel required to the Bay Area
Qualifications :
We are looking for a passionate team player with grit, high integrity and a honed attention to detail. In addition, we expect that your life outside of work is as important as your career and that you are driven to succeed in both.