Asset Manager

Full-time

Memphis TN, USA

Faropoint Investments' finance team is expanding, we are looking for an ambitious and brilliant Asset Manager to join our team.

Faropoint Investments (www.faropoint.com) is an international private equity firm specializes in establishing and managing U.S Commercial Real Estate Funds.The firm is a fully integrated investment management company, focusing on the industrial sector in various southeast U.S markets.Since 2012, the firm considered a trusted partner for Institutional Investors / top tier Family Offices / Accredited HNW Individuals.

 

Responsibilities:

  • Develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition.

  • Direct and steer Property Management team to assure financial performance, timely reporting, proactive and high-quality repairs and maintenance, and positive tenant relations.

  • Model full life cycle of each asset from acquisition through disposition including investor returns under different scenarios.

  • Assist with disposition, acquisitions, and refinancing efforts through broker solicitation and selection, negotiation of legal agreements, and closing.

  • Assist with conducting transaction analysis and support due diligence for new acquisitions.

  • Lead the annual budget, business planning, and forecasting process for each asset.

  • Review monthly property management reports for variance against budget and strategy.

  • Prepare monthly, quarterly, and annual reporting for investor clients and senior leadership.

  • Create cash flow projections, analyze, and recommend investor capital calls and distributions.

  • Develop analytical tools to allow leadership to better understand the state of the portfolio.

  • Monitor timely payment of taxes and insurance premiums.

  • Monitor all escrow accounts and operating cash accounts to assure they are properly funded.

  • Review property manager operating expense and CAM reconciliations for accuracy, and provide final approvals to PMs prior to sending out tenant letters.

  • Collaborate with other departments to improve and document processes and streamline reporting.

  • Manage relationships with leasing brokers, attorneys, and lenders to negotiate lease terms at or above proforma budget.

  • Review leasing documents and amendments.

  • Review outside broker listing agreements.

  • Work closely with property managers to transition new tenants into properties.

  • Forecast repair and maintenance budgets and oversee property management to implement a proactive and high-quality maintenance plan.

  • Develop capital improvement strategies and oversee design and construction management activities.

  • Monitor construction progress and ensure TI and CapEx projects are closed out.

  • Negotiate third-party contracts and oversee implementation of capital improvement and “value-add” programs within the portfolio

 

Candidate Profile:

  • 3-5 years of commercial real estate experience with a focus on asset management activities including leasing, financing, managing tenant improvements, capital investments, and dispositions.

  • Experience with industrial assets (advantage).

  • Bachelor’s Degree in Real Estate, Finance, Accounting, or related field (advantage).

  • Knowledge of the south-east markets (advantage).

 

 

Key Skills & Abilities:

  • In-depth knowledge of real estate finance including commercial lease terms and debt and equity structures.

  • Able to successfully work in a team-oriented environment and partner with internal colleagues, external suppliers, and cross-functional groups.

  • Strong analytical, accounting, and critical thinking skills.

  • High comfort level with the technology used to aid in collaboration, communication, and documentation.

  • Excellent written and oral communication skills

  • Advanced knowledge of Excel including building templates for other users.

Please send your resume to Jobs@faropoint.com

© 2012 Faropoint 

Please call or e.mail us:

office@faropoint.com

Tel: +1-901-4050245

Tel: +972-3-7710111

Fax: +972-3-7714207

Our address:

6263 Poplar Ave, Memphis, TN 38119, USA

2 Ha-Shlosha St Adgar 360, Tel Aviv-Yafo, Israel