Asset Manager

Overview

Westcore is a fully-integrated commercial real estate investment company with institutional scale and capabilities that operates with the speed and adaptability of opportunistic entrepreneurs. Westcore has a dynamic track record of real estate investing going back to its founding in 2000. We focus on well-located industrial properties in the United States. We are a vertically integrated company with expertise in all facets of real estate investment management: acquisitions, finance, asset management, leasing, construction, and building operations.

To better support our Asset Management Department and the anticipated doubling of our portfolio over the next few years, Westcore is looking for a well-rounded Asset Manager
.

The Asset Manager is responsible for driving the financial performance for assigned properties. The responsibilities span a broad spectrum, covering all the areas of business plan execution, budgeting, performance analysis, and assisting with leasing and transactions. The Asset Manager is responsible for influencing, advancing, and executing on the platform’s strategic plan, objectives, repositioning of properties, as well as the selective disposition of assets in order to maximize the return on invested capital.

• Manage the overall business plan and financial performance for assigned properties and make recommendations for adjustments to the business plans to the Managing Director.
• Conduct oversight of property operations, including monitoring portfolio and asset-level performance and comparing against underwriting and projections.
• Thoroughly understand the dynamics of the assigned properties, including market characteristics, supply/demand trends, leasing fundamentals and market participants.
• Evaluate, recommend, and provide direction for required capital improvement programs and repositioning, including scope of work and economic analysis.
• Directly complete various property tasks falling outside of the scope of leasing, property management and construction management (examples: property tax appeals, insurance issues, parcelizations, ad hoc analysis, etc.).

• Ensure ongoing compliance with partnership and loan covenants and assist with new financing agreements.
• Support in the underwriting, due diligence and onboarding of new acquisitions and support dispositions.
• Act as project lead for various tasks requiring cross-departmental interaction.
• Work collaboratively across departments and functions to establish and update a strategic plan for every submarket and asset within the assigned properties.
• Involvement with lease negotiations.
• Support the capital improvement decision-making process to maximize ROI and create value.
• Participate in recurring leasing, property management and/or construction management meetings.
• Make recommendations relative to individual tenant A/R and other tenant related matters.
• Review both the annual operating budget and rolling re-reforecast, in conjunction with the Financial Planning and Analysis & Property Management departments.
• Conduct periodic hold/sell analysis in conjunction with the Financial Planning and Analysis department.
• Review progress in operations and business plan implementation with company leadership.
• Participate in the creation and updating of departmental policies and developing and implementing best practices as needed.

• Minimum 5-7 years of experience in commercial real estate, preferably in portfolio management, asset management or finance.
• Commercial real estate leasing experience preferred.
• Bachelor’s degree required; preferred concentration in real estate, business or finance.
• Postgraduate degree a plus; preferably in real estate.
• Highly effective transactional and negotiation skills.
• Ability to think and act strategically with experience analyzing leasing and investment decisions.
• Excellent communication skills.
• Strong leadership ability.
• Strong analytics skills with an ability to create insightful financial models to assist in strategic decision-making.
• Ability to travel to assets periodically.

Utilize our expertise and experience to recognize market inefficiencies, quickly deploy capital and talent to act on opportunities, deliver superior outcomes to stakeholders, and strive for excellence in everything we do.

Westcore values its employees and works to create an environment where professional and personal growth can be achieved. We look for motivated individuals who share our commitment to excellence. Our employees are supported by an environment where mentoring is encouraged, and where tools and resources to succeed are readily available. Our company lives by its values, treating each other with respect and consideration at all times.

• Integrity:
  We behave ethically, honestly and respectfully.
• Excellence:
  We execute brilliantly. We are accountable for our performance and deliver high quality results.
• Teamwork:
  We are a group of people with diverse talents…