Asset Management Associate

Job Overview
Red Pine Capital Management is a real estate, venture capital, and private equity asset manager based in Rochester, MN. We are looking for an experienced real estate asset manager to manage all aspects of a growing commercial and residential real estate portfolio. This role will oversee property management and maintenance personnel, and will run the leasing and renewal processes for the organization.

Duties

Asset plan

• Support in the development and implementation of strategic business plans for each asset that will govern its daily operations and position in the market
• Closely monitor all elements of financial performance
• Focus on maximizing value to meet or exceed budgets

Leasing

• Work with brokers to monitor market conditions and competition, negotiate and execute all leases
• Evaluate, negotiate and execute on renewal opportunities within the portfolio
• Create a merchandising plan to improve tenant mix and/or tenant credit at each asset under management

Property Management

• Coordinate with property management team to maintain high-quality assets
• Partner with property management to create budgets to maximize income, control expenses, and strategically plan for capital improvements

Construction

• Work with construction vendors on tenant buildouts and white-boxing, making sure the timing of work adheres to relevant lease language and internal targets
• Act as Project Manager for ground-up developments, working with architects, contractors, city officials, and other stakeholders

Reporting

• Work with VP of Finance to develop analytical tools to allow leadership to better understand the state of the portfolio and streamline work processes
• Maintain forecasts on existing portfolio
• Ensure timely execution of all Investor reports, budgets, and deliverables

Requirements

• Bachelor’s degree in Finance, Business Administration, Real Estate, or a related field is preferred.
• Strong understanding of real estate financial concepts and principles.
• Proficiency in math and analytical skills for effective problem-solving.
• Familiarity with financial software tools is advantageous.
• Previous experience or internships in commercial real estate or financial analysis is a plus.
• Excellent research skills with the ability to synthesize information effectively.
• Strong communication skills, both verbal and written, for clear reporting and presentations.
• Ability to work collaboratively in a team-oriented environment while managing multiple tasks efficiently.

This position is ideal for individuals eager to grow their careers in real estate while making meaningful contributions to our organization.

Job Type: Full-time

Pay: From $90,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Compensation Package:

• Bonus opportunities

Ability to Commute:

• Rochester, MN 55902 (Required)

Ability to Relocate:

• Rochester, MN 55902: Relocate before starting work (Preferred)

Work Location: In person

Salary : $90,000