Director of Asset Management - The Shopping Center Group

TSCG, a privately held commercial real estate company is currently seeking a Director of Asset Management for our Investment Management division. The position will be located in the Miami, Florida office.

The position has the day-to-day responsibility for a portfolio of assets supervised by TSCG, with the express objective of maximizing property and portfolio value and returns. The Director of Asset Management, reporting directly to the CEO, will oversee the strategic direction and daily operations of a diverse portfolio of retail and shopping center assets across key national markets. The Director will be responsible for implementing a detail-driven, high-performance asset management process to achieve targeted value creation and align with business plan objectives.

Requirements:

• Minimum 5+ years of Real Estate Asset Management experience in an operating company environment
• Bachelor’s Degree; preference in accounting, finance, economics, or business-related discipline
• Comprehensive grasp of financial concepts and methodologies
• Extensive knowledge of the retail asset class, with a focus on open-air shopping center properties and portfolios
• Experience leading complex lease negotiations.
• Strong working knowledge of Argus and Excel modeling
• Demonstrated success in creating, managing, and leading business plans for retail assets and portfolios, with a focus on stabilized operations or redevelopment strategies. Experience with entitlements is not required but preferred
• Experience in engaging with anchor tenants and successfully managing relationships to drive impactful results
• MBA or Master’s in Real Estate is not required, but preferred
• Yardi knowledge is not required, but preferred

Key Attributes:

• Detail oriented reporting capabilities
• Excellent communication and organizational skills
• Ability to analyze/think critically about value creation strategies & their implementation
• Detailed project management and process tracking capabilities
• Driven by an entrepreneurial mindset and a sincere commitment to contributing to a fast-growing organization
• Demonstrates expertise in overseeing intricate lease negotiations, with a strong track record of managing and achieving results with anchor tenants

Primary Responsibilities (include but not limited to):

• Responsible for the overall operational and financial performance of assigned retail/shopping center assets within Company portfolio.
  • Achieve leasing, net operating income, cash flow, and capital expenditure targets.
  • Achieve and/or exceed underwriting forecasts asset values and return targets.
• Collaborate with senior leadership team to develop and lead the execution of strategic asset and portfolio level strategies & recommendations on existing assets.
• Work with the senior management as well as acquisition, leasing and construction management teams, to establish underwriting assumptions on new acquisitions, which will be the basis for strategic asset management plans to be executed by the candidate.
• Maintain comprehensive, current knowledge of all assigned markets and provide useful market information to CEO and Investment Committee.
• Foster collaborative and productive relationships with key Company departments, such as property management, construction management, and leasing, to coordinate and oversee multiple business plans and value enhancement initiatives simultaneously.
• Maintain and lead the interpretation of asset-level Argus and Excel models supporting business plan strategies and investor reporting requirements.
• Review and approve capital/legal invoices
• Continuously analyze geographic market trends affecting retail asset values, costs, and supply/demand fundamentals to identify opportunities for enhancing portfolio value through renovations, innovative leasing strategies, or asset repositioning
• Oversee the selection, management, and monitoring of internal and/or external service providers, including managers, leasing agents, attorneys, contractors, and other necessary partners, to ensure targeted investment performance is met.

TSCG ESG Statement

It is TSCG’s vision to preserve and grow a multi-generational real estate services firm with long-term sustainable priorities for its stakeholders, clients, properties, and business operations. This will only be achieved through each owner, manager and/or employee doing their part to promote these priorities and adhere to these objectives. Environmental, Social, and Governance (ESG) principles are integrated into every facet of the company. As we review opportunities, investments, or proposals for our key service lines, and/or work with our landlord, investor or occupier clients, we commit to ensuring that we are consistently meeting the defined expectations. By including all three elements of ESG into the investment, client, and management processes, we will be better equipped and suited to create value, reduce risk, enhance client returns, all while providing a positive workplace for the team.

TSCG Diversity, Equity, and Inclusion Statement

TSCG’s commitment to being the best that we can be and exceeding expectations starts with our people. We accomplish this by striving to create an inclusive environment that promotes and embraces all talents, perspectives, and experiences as vital components of our mission. The result is a multi-generational organization that celebrates our diversity and individual distinctiveness. We commit to working together in harmony to support our families and our communities, driving innovation in a highly competitive environment.

TSCG is an affirmative action, equal opportunity employer and does not discriminate on the basis of race, color, sex, religion, national origin, age, disability, citizenship status, or any other basis protected under applicable federal, state, or local law.