Commercial Real Estate Asset Manager

Overview

Corporate Tools in Post Falls, Idaho is looking to add an experienced Commercial Real Estate Asset Manager to the team. Our business operates in all 50 states and owns/manages commercial RE buildings of various sizes throughout the US. You will be responsible for overseeing our commercial asset portfolio through three areas:
Asset Procurement, Asset Management and Construction Management.

This position is coded as “Hybrid,” which means after initial training and onboarding in office, occasional remote work is available. The role will be expected to work in our Post Falls, Idaho office 2-3 days per week.

$80,000-$100,000/year dependent on meeting preferred qualifications

• 100% employer-paid medical, dental and vision for employees
• Annual review with raise option
• 22 days Paid Time Off accrued annually, and 4 holidays
• After 3 years, PTO increases to 29 days. Employees transition to flexible time off after 5 years with the company—not accrued, not capped, take time off when you want
• The 4 holidays are:
  New Year’s Day, Fourth of July, Thanksgiving, and Christmas Day
• Paid Parental Leave
• Up to 6% company matching 401(k) with no vesting period
• Quarterly allowance to support remote work setup, continuing education, or office perks
• Open concept office with friendly coworkers
• Creative environment where you can make a difference
• Trail Mix Bar

• Asset Procurement:
• Search inventories in strategic national locations to identify buildings that match a predetermined set of criteria.
• Assess and make recommendations on the asset's financials, capital improvements, rent rolls, etc.
• Establish a network of vendors (brokers, inspectors, contractors, etc.) to help facilitate the acquisition.
• Review and negotiate contracts for acquisition (in conjunction with in-house legal team).
• Help identify possible roadblocks to closing in specific locations (city, county, state jurisdictions).
• Asset Management:
• Work with on-site property managers in locations with larger assets to maintain building standards and operations.
• Assess and make recommendations on the asset's rent rolls, CAMs, expenses, vendor agreements, and leases.
• Develop an annual capital improvement budget for each asset.
• Work with in-house finance team to develop an annual business plan for each asset.
• Identify, obtain bids and recommend contractors to handle maintenance and capital improvements.
• In smaller locations, work with on-site employees to manage and lease available space directly with tenants.
• Collaborate with the facilities team in the Spokane area to manage local assets.

• Exposure to Asset Procurement, Asset Management, Construction Management
• Project management skills including time management, project budgeting, resource management and project scheduling for multiple projects
• Ability to budget, schedule, negotiate, and control costs
• High degree of familiarity with contract documents, terms, and conditions
• Minimum 5 years experience in commercial real estate, including expertise in brokering, leasing, construction, or other relevant fields
• Ability to work independently
• Preferred:
  At least 3 years of experience in each of Asset Procurement, Asset Management, Construction Management
• Preferred:
  Strong leadership and management skills
• Preferred:
  Experience working directly with stakeholders (e.g., officers/directors) and presenting solutions
• Preferred:
  Experience managing assets remotely
• Preferred:
  Relevant degree in Real Estate, Finance, Business, Management, Accounting, Economics, MBA, Law, or Communication

About the company:

Corporate Tools