Director Asset Management at Perform Properties Director Asset Management at Perform Properties in Union City, New Jersey Posted in 5 days ago.

Type:

full-time

Job Description:

About Us Perform Properties is a Blackstone Real Estate portfolio company focused on high-performing retail and office properties with People-Appeal

• vibrant spaces where people actively choose to work, shop, and gather. With expertise in transactions, development, leasing, and management, the company oversees over 33 million square feet of retail and office properties across the U.S. Role Summary The Director
• Asset Management (Director, AM) will report directly to the SVP of Asset Management, with a dotted line partnership to other leaders for shared accountability in the business plan and investment performance of assigned assets.

The Director, AM will be primarily responsible for bringing analytical rigor and expertise to key value-maximization decisions around major leases, capital investments and timing of dispositions as well as leadership around resolving operational challenges at the asset (environmental, A/R, and entitlements). The position entails supervision, mentoring, coaching, and development of direct and indirect reports. This is a high visibility role with interaction with senior leadership at Perform. Travel to assets is required. This role is in the office, 5 days a week Monday-Friday. This is a dynamic opportunity for someone who thrives in a fast-paced, deal-oriented environment and is eager to work closely across functions to drive asset and portfolio value. Essential Job Functions Investment Cash Flow Modeling

• Collaborate with market leadership, leasing, operations, and other teams to build accurate cash flow models for each asset and investment. Provide thought leadership around assumptions and key drivers of return on investment. Identify, analyze, and report on key variances to underwriting and budget to provide recommendations to executive leadership Strategic Financial Analysis
• Lead strategic analyses, which includes but is not limited to hold/sell decisions, evaluation of major leases, and capital decisions.

Liquidity / Cash

Management

• Own cash models and portfolio liquidity needs; anticipate cash management issues and provide timely reporting to market leadership and executive teams. Asset-Level Projects
• Collaborate and coordinate with market leadership to identify and implement priority value-add projects in alignment with underwriting and asset business plans. Dispositions and Due Diligence
• Provide asset and investment level leadership in coordination with Transactions team to facilitate due diligence and closing process for dispositions and debt financings
• including coordination of information and materials with various parties (buyers, sellers, lenders, brokers, and attorneys), as well as internal partners (Finance, Operations, Leasing, Construction, and Legal). Review and sign off on due diligence materials and closing statements. Organization and Communication
• Drive collaboration, organization and communication of key work products and information to effectively articulate asset strategy and execution updates to Perform leadership and Blackstone. Cross-functional Collaboration
• Coordinate and collaborate with counterparts in Leasing, Construction / Development, Property Management, Accounting, and FP&A to drive alignment on asset strategy and execution. This collaboration can be seen via underwriting, budgeting, performing ad-hoc analysis, prepping for disposition, or day-to-day operational asset management. Manage and Mentor Team
• Orchestrate work and foster development of team such that work is produced effectively and junior colleagues learn and grow.

Provide exceptional mentoring and coaching to people beyond direct reports. Be the ultimate player coach! Competencies Results Orientation with a sense of urgency and continuous improvement Exceptional leadership, management, and communication skills A curious, driven professional with a passion for problem solving Collaborative and consensus builder with the ability to influence others without formal authority Strategic Orientation with creative and broad thinking Team leadership

• works inclusively within a diverse team Qualifications Degree in finance, economics, mathematics, engineering, or equivalent quantitative-based field A minimum of 6+ years of experience at a reputable real estate investment firm with significant experience in open-air retail with at least 2 years managing people Excellent written and verbal communication skills Translates complex technical concepts to understandable business terms Ability to work independently, handle multiple projects and meet deadlines Ability to do advanced Excel modeling and deep knowledge of Argus Enterprise Strong understanding of real estate fundamentals, valuation, transactions, asset management and leasing Ability to research, analyze and draw conclusions and communicate effectively Demonstrated success in collaboration, creative thinking, and ability to learn new concepts quickly

Benefits & Compensation Benefits:

The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).

Base Salary Range:

$175,000

• 200,000.

This represents the presently-anticipated low and high end of the Company's base salary range for this position. Actual base salary range may vary based on various factors, including but not limited to location and experience. The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility. Closing EEO Statement Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email recruiting@performproperties.com #LI-Onsite