Class A commercial properties in Northern VA (Multiple Buildings totaling 1.5 Mil SF)
Responsibilities focus on the following for a portfolio of Class A commercial properties in Northern VA (Multiple Buildings totaling 1.5 Mil SF):
Monitor the performance of the portfolio of assets for potential adverse issues by maintaining constant communications with the other departments and general managers and reviewing and analyzing monthly and/or quarterly financial statements while keeping up with national, regional and local market dynamics
Develop comprehensive KPIs by property
Participate in monthly and quarterly meetings to present insight into portfolio performance
Work with the Head of Real Estate to develop property by property business plans and use cases
Develop short-term and long-term capital planning for each property
On a quarterly basis, prepare asset summary reports and underwrite property values as necessary
Develop a comprehensive understanding of local zoning, construction and development guidelines
Develop a comprehensive list of vendors, consultants and service providers by region for capital projects
Develop and utilize comprehensive cost benchmarking and performance for each vendor and service provider as it relates to capital projects
Actively manage all capital projects across the portfolio
For those properties that include ground-up construction or significant renovation/alteration projects, actively monitor the progress of the work against the budget and underwritten assumptions as well as specific vendor performance
Interpret information from the contractor, and construction consultants to evaluate the performance of the business plan against original timing and budget for completion of the project
Evaluate and make recommendations for draw requests.
Regular travel to properties
Bachelor’s Degree with 5-10 years of experience in commercial real estate development and asset management
Experience with hospitality development and operation a plus
Background in engineering / commercial construction as well as finance a plus
Team Player with collaborative and strong relationship building skills
Strong sense of urgency
Excellent written communication skills
Ability to manage multiple projects concurrently
Strong attention to detail
Ability to operate independently
Comfortable leading projects and clearly communicating to multiple stake holders
Prior financial analysis and financial modeling for development projects in commercial real estate
Experience with CRE Research/Modeling tools a plus: Argus, CoStar, Real Capital Analytics, etc.
Excellent computer skills including Microsoft Office (Excel, Powerpoint)
Medical, vision and dental benefits, life insurance short-term and long-term company-paid disability insurance, flexible spending accounts, health savings account, paid time off, 401(k) with company-match, professional membership reimbursement, training and development, cell phone allowance and mileage reimbursement.
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Property & Real Estate
Property and Facilities Management
Up to 200k Base + cell phone allowance and mileage reimbursement.
Talk to a consultant
Talk to Andrew Spinolathe specialist consultant managing this positionlocated in Washington DC