This Opportunity
Heitman is seeking an experienced Asset Manager to join our team. The ideal candidate will bring their subject matter expertise within the Medical and Commercial property sectors to our North American private equity team to proactively manage these assets within our clients’ portfolios. This role will be highly collaborative, and the successful candidate will be expected to build effective relationships with both internal teams within Heitman (including Portfolio Management, Acquisitions, Financing, and Financial Operations & Analysis), as well as effectively partner with external stakeholders including leasing and property management agents, venture partners, and clients.
Responsibilities include, but are not limited to:
- Manage a multi-property real estate portfolio focused on Medical Office Buildings and Commercial assets.
- Devise and implement asset management strategies, including income and expense maximization, leasing, capital expenditures, financing/refinancing, hold/sell, and value creation, applying both qualitative and quantitative analysis.
- Monitor market conditions at both a macro and micro level to proactively direct the successful performance of the investments.
- Oversee the preparation of annual budgets, business plans, internal valuations, and quarterly reporting.
- Evaluate investment performance against budgets, business plans, and internal and external benchmarks.
- Work closely with Heitman’s Data Analytics and Financial Operations and Analysis teams to inform asset level strategy and drive performance.
- Partner with and oversee third parties performing the day-to-day operations of the assets.
- Conduct regular property inspections to identify property risks and opportunities, evaluate operational performance of third-party teams, and understand market dynamics; communicate findings.
- Communicate recommendations and results both orally and in writing to clients, Heitman’s Investment Committee, portfolio managers, Asset Management leaders, and sector specialists.
- Support Heitman’s Acquisitions and Research teams for new investment underwriting and diligence, providing market and leasing input and participating in due diligence activities, as necessary.
- Ensure compliance with a variety of legal documents, including joint venture agreements, loan agreements, and investment management agreements.
- Coordinate as necessary the hiring of third-party agents, such as appraisers, brokers, property managers, leasing agents, and legal counsel.
Qualifications:
- Minimum 7 years of real estate experience with at least 3 years of real estate asset management experience.
- Experience with either Medical Office Buildings or Commercial property types is required.
- Strong interpersonal skills with an ability to collaborate with others.
- Ability to communicate complex issues clearly and professionally, both verbally and in writing.
- Strong analytical skills and experience with cash flow modeling and analysis, budgeting, financial reporting, and interpreting data.
- Creative problem-solving skills for defining, developing, and executing asset management strategies.
- Understanding of standard real estate practices and investment trends.
- Knowledge of construction and redevelopment terminology for overseeing the budgeting and planning of capital projects.
- Working knowledge of legal terminology for interpreting and negotiating a variety of real estate agreements.
- Ability and desire to utilize industry expertise and leadership skills to mentor junior team members.
- Understanding of the various real estate valuation approaches and techniques.
- Strong financial modeling skills (ARGUS, Microsoft Excel); experience with Power BI is a plus.
Job Location and Travel
- This position is based in our Chicago office.
- Our teams work in a hybrid environment and in-office days vary by team.
- Moderate to extensive travel required. (Optional)
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 $125,000-$145,000 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.
