This Opportunity
Heitman is seeking an experienced Asset Manager to join our team. The ideal candidate will bring their subject matter expertise within these asset classes to our North American private equity team to effectively manage our assets within clients’ portfolios. This role will be highly collaborative, and the successful candidate will be impactful in building relationships with internal teams including Portfolio Management, Acquisitions, and Financial Operations & Analysis, as well as effectively partner with external stakeholders in leasing and property management.
Responsibilities include, but are not limited to:
- Manage a diverse real estate portfolio focused on Apartments and Self-Storage.
- Implement asset management strategies, including income and expense forecasting, leasing plan, capital budget, value creation activity, and risk return analysis for assets.
- Plan and organize asset objectives and resources to meet asset needs and financial objectives.
- Evaluate performance against budgets, business plans and internal and external benchmarks.
- Anticipate issues that impact the success of the assets.
- Establish leasing strategies and closely monitor property management teams, and/or joint venture partners.
- Prepare annual budgets, valuations, appraisals, and leasing plans of assets.
- Prepare financial analysis/modeling for asset management decision-making.
- Utilize data analytics regularly to assist in informing asset level strategy and driving performance.
- Assess the current and projected performance of properties.
- Partner with and oversee third parties which perform the day-to-day operations of the assets.
- Gain expertise in assigned markets through site visits, industry analysis, and networking, collaborate with internal and external teams to adjust property strategy for market shifts.
- Conduct regular property inspections to understand challenges, assess business plan, evaluate operational performance of third-party teams, identify improvement opportunities, and communicate findings.
- Support acquisitions team for new investment underwriting, providing market and leasing assumptions and participating in due diligence activities, as necessary.
Qualifications:
- Minimum 5 years of real estate asset management experience, with a preference for candidates at the AVP level. Years of experience for these levels can vary.
- Experience in Apartments is required. Experience in Self-Storage or other property types a plus.
- Ability to analyze and interpret market trends, third-party reports, and competitor surveys.
- Bottom of Form
- Strong knowledge and experience with budgets and overall financial reporting, with an ability to analyze large amounts of data and obtain improvement opportunities.
- Proficient in defining, developing, and executing asset management strategies by overseeing and managing third-party property management teams.
- Possess knowledge of real estate investment management trends.
- Strong interpersonal skills with an ability to collaborate with others.
- Skilled in communicating complex issues clearly and professionally, both verbally and in writing
- Knowledge of construction and redevelopment terminology, with a strong understanding of standard capital real estate capital projects.
- Experienced in the investment due diligence process with the ability to provide local market leasing assumptions and competitive insights.
- Ability to utilize industry expertise and leadership skills to mentor junior team members.
- Understanding of the various real estate valuation processes and techniques.
- Strong financial modeling skill (ARGUS, Microsoft Excel) and proven ability to translate quantitative data to tell a story; experience with Power BI is a plus.
Job Location and Travel
- Based in Chicago.
- Moderate to extensive travel required.
We are looking for great candidates who have a unique combination of experiences, traits, and talents. We couldn’t describe you in a list of bullet points, so consider this posting a conversation starter. If you check some, but not all, of our boxes, we still want to talk! Please apply for this role if much of this job description describes you.
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The Firm
Founded in 1966, Heitman is a global real estate investment management firm. Our mission is to lead the evolution of real estate through investments that fulfill the needs of people and communities in a world of constant change. To learn more about our organization and culture, click here.
Total Rewards (Compensation, Benefits & Perks):
At Heitman, we believe that our success is driven by the success of our team members. That's why we use market data to ensure competitive compensation for every role, reflecting our commitment to investing in our team. When we grow, you grow!
The expected annual base salary range for this role is $120,000-$140,00 and will be further discussed during the interview process. This range represents what Heitman reasonably and in good faith believes we would pay a qualified candidate for this role at the time of posting (based on a full-time equivalent schedule). Your actual base salary placement will depend on factors such as (but not limited to): your relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition, all of our team members are bonus eligible and participate in a generous annual bonus plan, with the percentage varying based on your role and level, ensuring that your contributions are recognized and rewarded.
In alignment with our People First core value, we offer rewarding careers that focus on both personal and professional growth. We are dedicated to helping you and your family thrive, both in the office and at home. To support this, we provide competitive compensation and a leading-edge, human-centric benefits package. Click Here to view the details of our benefits.
Additional Information
Candidates applying for roles requiring travel must hold a valid, non-expired driver’s license.
Equal Employment Opportunity: Heitman is an equal employment opportunity employer and complies with all applicable laws prohibiting discrimination based on race, color, creed, religion, sex, age, national origin or ancestry, physical, medical or mental disability or condition (including, without limitation, HIV and AIDS), developmental disability, handicap, denial of family and medical care leave, denial of pregnancy leave, domestic partner status, status as a victim of sexual or domestic violence (or familial relationship to such victim), veteran status, marital status, sexual orientation, arrest records, citizenship status, criminal history that has been expunged, unfavorable discharge from the military, or any other basis protected by federal, state or local laws.
