Analyst, Asset Management

Overview

Easterly Government Properties, Inc. (“Easterly” or the “Company”) is a publicly traded Real Estate Investment Trust (REIT) focused primarily on the acquisition, development and management of Class A commercial properties that are leased to U.S. Government agencies.

• The Asset Management Analyst is responsible for supporting assigned Asset Manager(s) in the overall operational and financial performance of their portfolio(s).
• Works collaboratively with Asset Manager(s) to achieve corporate asset management financial objectives and operational consistency.
• Complies with SEC, Sarbanes-Oxley and REIT regulations.
• As required, assists other departments, including Accounting, Acquisitions, Development, and Corporate Finance in support of their operations to achieve corporate objectives.

• Assists Asset Managers with the development of strategic asset business plans to achieve corporate financial and operational goals by:
• Collecting data and preparing reports on building performance
• Coordinating and collecting information from property management team
• Preparing financial cashflow analyses
• Conducting market research for leasing activities
• Monitoring status of approved capital reinvestment projects
• Maintaining internal system data to support decision making
• Annually, prepare or conduct initial review of operating budgets
• Update 5-year capital plans based on contractual and general maintenance requirements
• Draft budget reforecasts, as required, to inform and support corporate finance objectives
• Prepare CAM recovery estimates and other tenant reimbursements
• Prepare detailed financial analyses to support recommendations to Asset Managers on significant operational issues, capital expenditures, leasing activities, or other strategic initiatives

• Assist with on-boarding, budget preparation, and novation process for newly acquired / constructed assets
• Responsible for certain aspects of lease administration, including, but not limited to:
• Aggregate data and prepare lease compliance reports / materials
• Pursue and resolve Accounts Payable / Accounts Receivable issues
• Prepare CAM recoveries, review annual operating cost adjustments, and conduct real estate tax analyses
• Organize and maintain internal documents and files
• Responsible for certain aspects of building operations, including, but not limited to:
• Conduct periodic physical inspections with Asset Manager
• Coordinate with property managers, building engineers and vendors
• Draft vendor contracts for Asset Manager review
• Assist in onboarding new vendors
• Track asset financial performance
• Maintain data in internal systems such as Yardi, IMPAK, and others as required
• Maintain compliance documentation for all property-level loan covenants and restrictions
• Support Asset Manager and Vice President of Leasing in all leasing activities conducting market analyses and aggregating information for proposal responses

• Assist with project management duties for lease renewal tenant improvement and reimbursable projects:
• Draft price proposals for projects
• Draft or conduct initial review of vendor contracts
• Maintain project schedules and budgets

• Monthly, review budget-to-actual variance analyses and summarize results for Asset Manager
• Monthly, report status of ongoing tenant and capital reinvestment projects to Asset Manager
• Periodically, coordinate with Property Accounting on month-end closing activities, to include invoice approvals, expense accruals, variance reporting, etc.
• Periodically, coordinate with Corporate Finance team to create and review the analyses that support the quarterly earnings model
• Meet reporting requirements for property level loans, to include providing financial statements, rent rolls and other reports as required

• 2 to 4 years of commercial real estate property / asset management, accounting, or analytical experience
• Strong understanding of basic commercial real estate concepts and valuation techniques
• Excellent verbal and written communication skills
• Excellent planning, organization, and interpersonal skills
• Ability to function independently within a collaborative, team-oriented setting
• Ability to work accurately and efficiently under tight deadlines
• Ability to handle multiple projects at one time
• Strong sense of personal motivation and responsibility
• Ability to clear GSA NACI & FBI LBI background checks

• Ability to effectively utilize Artificial Intelligence (AI) in daily activities
• Intermediate experience using Microsoft Excel and Power Point

An Equal Opportunity Employer

The salary for this position is $85,000 - $105,000 per year, commensurate with experience.