Managing Director, Large Retail Asset Management (San Antonio, TX or Newport Beach, CA) - Affinius Capital
Los Angeles, CA
About the Job
Company Overview
Along with its affiliate companies, Affinius Capital invests across the risk spectrum for a global client base, managing over $64 billion in gross assets under management within a diversified portfolio across North America and Europe. Affinius Capital provides strategic equity and debt capital, including to capitalize on the accelerating demand for technology-driven real estate assets, to meet the critical need for housing solutions, and for other market and capital structure opportunities exhibiting compelling risk-return characteristics. For more information, visit affiniuscapital.com.
Job Description
The Managing Director Asset Management, Retail Malls/Large Retail Projects is an integral role within the Asset Management department with national responsibilities for developing and executing property level strategies to enhance and protect asset value, meet investment objectives, and oversee key asset management issues for all such retail venues within the Affinius Capital portfolio. This person will interact extensively with the Head of Asset Management as well as the leaders in the different functional areas (acquisitions, accounting, portfolio management, and global investors group) and others within Affinius Capital.
Essential Duties:
+ National responsibilities for the overall operation and performance for a portfolio of regional malls and other large retail venues throughout the U.S.
+ Develop comprehensive asset strategies to include leasing, property improvements, capital structure and sell/hold analysis based upon financial evaluation, market analysis, and valuation reporting.
+ Provide financial and operational oversight at both the property and portfolio level to ensure the economic viability of the properties. Supervise the annual budget process with third-party managers, investment partners, and internal analyst resources to include presenting and implementing the property budget/business plan.
+ Understand competitive positioning relative to rents, lease terms, and overall occupancy and the means to maintain a competitive edge. Monitor market trends in value, cost, and supply/demand fundamentals to identify acquisition and disposition opportunities and continuously review portfolio for opportunities to add value through renovation, expansion or repositioning of the assets and make recommendations accordingly.
+ Supervise and review the performance of staff, including property managers and leasing personnel. Administer the management agreement with the property management company and may include developing a transition plan for the management of new assets as required, and implementation of the plan.
+ Oversee leasing and marketing plan for assigned properties to include lease up projections, estimated tenant improvement costs, marketing methods, and associated budget, and prospect plans, . Revise Leasing Policies and Procedures as determined by ownership for distribution to property leasing personnel. Administer the Exclusive Leasing Agreement with selected leasing team.
+ Supervise and coordinate the negotiation of leases. Review and analyze detailed financial analysis of existing portfolio assets and property specific lease transactions. Approve lease transactions within parameters. Present and obtain senior management approval for transactions outside of parameters.
+ Monitor and review property level valuations on assigned assets each quarter. Maintain ARGUS files and DCF models. Review and critique outside appraisals. Work closely with internal Affinius Portfolio Managers and with external appraisers on industrial assets within various Affinius funds.
+ Analyze and compare current and historical operational NOI against key metrics and original underwriting.
+ Prepare quarterly reports on property performance to include progress on strategic initiatives and comparison to budget and development underwriting.
+ Assist with the professional development, training and mentoring of other team members. Serve as a resource for answering questions and guiding fellow team members.
+ Help and participate in various projects and reports as required in the Asset Management group, as well as be a key team member in providing Portfolio Managers with information and analysis on assigned assets.
+ Perform other essential duties as assigned.
Requirements
+ Bachelor’s degree; preferably in Finance, Accounting, Business, Real Estate or related field
+ 15+ yrs. of institutional level asset management experience with a minimum of5+ yrs. of retail malls asset management experience w/ prior regional supervision responsibilities of multiple assets.
+ Class A institutional experience on ground-up development and lease-up projects thru successful disposition.
+ Successful record of accomplishment and demonstrated experience with analyzing complex investment issues, developing investment strategies and executing strategies to achieve results and effectively manage risk.
+ Willing to travel as necessary to visit assets and become a market expert in numerous geographies, as well as actively representing Affinius Capital in the marketplace.
+ Advanced user of Excel, and proficient in Word and Outlook.
+ Experience with Argus.
+ Highly developed interpersonal, presentation, negotiation and communication skills.
+ Supervisory experience, with proven skills in developing and motivating a team to achieve high performance.
+ Willing to work onsite full-time.
+ Qualifications may warrant placement in a different job title.
As required by California's Senate Bill 1162, Affinius Capital is including a good faith estimate for this role with a starting annual base salary of $200,000. The base salary is just one component of the position’s compensation package. Employees may also be eligible to participate in Affinius Capital’s discretionary Annual Bonus program and other employee benefit programs, subject to the specific terms and eligibility requirements of such programs.
Affinius Capital complies with laws and regulations that permit certain requests related to your data in our files, including, but not limited to, the California Consumer Privacy Act (the “CCPA”). The Company's privacy policy and contact information for questions regarding your data or the policy may be found here (https://realco.icims.com/icims2/servlet/icims2?module=AppInert&action=download&id=80769&hashed=-260663885) .
At Affinius Capital our employees enjoy generous benefits packages including comprehensive medical, dental and vision plans, 401k, educational and professional designation assistance, business casual dress attire and much more! Qualified applicants must successfully complete a pre-employment background. The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.
_Affinius Capital is an Equal Opportunity Employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran._
Job Location _US-TX-San Antonio | US-CA-Los Angeles_
ID _2024-2188_
# of Openings _1_
Along with its affiliate companies, Affinius Capital invests across the risk spectrum for a global client base, managing over $64 billion in gross assets under management within a diversified portfolio across North America and Europe. Affinius Capital provides strategic equity and debt capital, including to capitalize on the accelerating demand for technology-driven real estate assets, to meet the critical need for housing solutions, and for other market and capital structure opportunities exhibiting compelling risk-return characteristics. For more information, visit affiniuscapital.com.
Job Description
The Managing Director Asset Management, Retail Malls/Large Retail Projects is an integral role within the Asset Management department with national responsibilities for developing and executing property level strategies to enhance and protect asset value, meet investment objectives, and oversee key asset management issues for all such retail venues within the Affinius Capital portfolio. This person will interact extensively with the Head of Asset Management as well as the leaders in the different functional areas (acquisitions, accounting, portfolio management, and global investors group) and others within Affinius Capital.
Essential Duties:
+ National responsibilities for the overall operation and performance for a portfolio of regional malls and other large retail venues throughout the U.S.
+ Develop comprehensive asset strategies to include leasing, property improvements, capital structure and sell/hold analysis based upon financial evaluation, market analysis, and valuation reporting.
+ Provide financial and operational oversight at both the property and portfolio level to ensure the economic viability of the properties. Supervise the annual budget process with third-party managers, investment partners, and internal analyst resources to include presenting and implementing the property budget/business plan.
+ Understand competitive positioning relative to rents, lease terms, and overall occupancy and the means to maintain a competitive edge. Monitor market trends in value, cost, and supply/demand fundamentals to identify acquisition and disposition opportunities and continuously review portfolio for opportunities to add value through renovation, expansion or repositioning of the assets and make recommendations accordingly.
+ Supervise and review the performance of staff, including property managers and leasing personnel. Administer the management agreement with the property management company and may include developing a transition plan for the management of new assets as required, and implementation of the plan.
+ Oversee leasing and marketing plan for assigned properties to include lease up projections, estimated tenant improvement costs, marketing methods, and associated budget, and prospect plans, . Revise Leasing Policies and Procedures as determined by ownership for distribution to property leasing personnel. Administer the Exclusive Leasing Agreement with selected leasing team.
+ Supervise and coordinate the negotiation of leases. Review and analyze detailed financial analysis of existing portfolio assets and property specific lease transactions. Approve lease transactions within parameters. Present and obtain senior management approval for transactions outside of parameters.
+ Monitor and review property level valuations on assigned assets each quarter. Maintain ARGUS files and DCF models. Review and critique outside appraisals. Work closely with internal Affinius Portfolio Managers and with external appraisers on industrial assets within various Affinius funds.
+ Analyze and compare current and historical operational NOI against key metrics and original underwriting.
+ Prepare quarterly reports on property performance to include progress on strategic initiatives and comparison to budget and development underwriting.
+ Assist with the professional development, training and mentoring of other team members. Serve as a resource for answering questions and guiding fellow team members.
+ Help and participate in various projects and reports as required in the Asset Management group, as well as be a key team member in providing Portfolio Managers with information and analysis on assigned assets.
+ Perform other essential duties as assigned.
Requirements
+ Bachelor’s degree; preferably in Finance, Accounting, Business, Real Estate or related field
+ 15+ yrs. of institutional level asset management experience with a minimum of5+ yrs. of retail malls asset management experience w/ prior regional supervision responsibilities of multiple assets.
+ Class A institutional experience on ground-up development and lease-up projects thru successful disposition.
+ Successful record of accomplishment and demonstrated experience with analyzing complex investment issues, developing investment strategies and executing strategies to achieve results and effectively manage risk.
+ Willing to travel as necessary to visit assets and become a market expert in numerous geographies, as well as actively representing Affinius Capital in the marketplace.
+ Advanced user of Excel, and proficient in Word and Outlook.
+ Experience with Argus.
+ Highly developed interpersonal, presentation, negotiation and communication skills.
+ Supervisory experience, with proven skills in developing and motivating a team to achieve high performance.
+ Willing to work onsite full-time.
+ Qualifications may warrant placement in a different job title.
As required by California's Senate Bill 1162, Affinius Capital is including a good faith estimate for this role with a starting annual base salary of $200,000. The base salary is just one component of the position’s compensation package. Employees may also be eligible to participate in Affinius Capital’s discretionary Annual Bonus program and other employee benefit programs, subject to the specific terms and eligibility requirements of such programs.
Affinius Capital complies with laws and regulations that permit certain requests related to your data in our files, including, but not limited to, the California Consumer Privacy Act (the “CCPA”). The Company's privacy policy and contact information for questions regarding your data or the policy may be found here (https://realco.icims.com/icims2/servlet/icims2?module=AppInert&action=download&id=80769&hashed=-260663885) .
At Affinius Capital our employees enjoy generous benefits packages including comprehensive medical, dental and vision plans, 401k, educational and professional designation assistance, business casual dress attire and much more! Qualified applicants must successfully complete a pre-employment background. The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.
_Affinius Capital is an Equal Opportunity Employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran._
Job Location _US-TX-San Antonio | US-CA-Los Angeles_
ID _2024-2188_
# of Openings _1_
Source : Affinius Capital