Asset Management Associate

Asset Management Associate at MMG Equity Partners Asset Management Associate at MMG Equity Partners in Miami, Florida Posted in 1 day ago.

Type:

full-time

Job Description:

Position Summary We're looking for an Asset Management Associate to run the day-to-day of asset management alongside the Partner who oversees the portfolio. Property management is handled by our third-party managers; this is the owner's-side role that stays ahead of everything across them

• anticipating what each property, deal, and project needs before it becomes urgent, doing the first-pass analytical work, and bringing leadership decision-ready recommendations. It's an operations and execution role, not a financial modeling or underwriting seat
• and a proactive one: we want someone who gets out in front of expirations, vacancies, and issues, not someone who waits to be asked. You'll own the portfolio's forward motion. Strong performers have a direct path to Asset Manager. Key Responsibilities Operations
• Own the critical-date calendar
• lease expirations, option and notice deadlines, renewals
• working from Yardi and firm reporting, and surface what needs action well ahead of time
• Review the annual property budgets prepared by the third-party managers
• benchmark against prior year and actuals, challenge line items, work through adjustments with the managers, and prepare them for leadership approval
• Monitor portfolio data and flag exceptions: tenant delinquencies, bounced checks, opex variances, and sales-reporting gaps
• Review and approve vendor invoices against budget within your authority, escalating larger items to leadership
• Keep documents and records flowing
• route executed agreements and keep deal and property records current Manager & Portfolio Oversight
• Serve as the owner's-side point of coordination across our third-party property managers
• drive deliverables, confirm completion, and surface gaps before they become problems
• Maintain a single, current view of who owes what across managers, brokers, attorneys, and internal team members, and chase open items through to completion
• Conduct routine site visits to verify property condition, signage, landscaping, and manager performance
• independent eyes on the portfolio that catch issues before they escalate
• Prepare a weekly status summary so leadership always knows what's moving, what's stuck, and what needs a decision Deals, Leasing & Marketing
• Keep active deals, LOIs, renewals, and amendments moving
• follow up with brokers, tenant reps, and internal parties so nothing stalls
• Research market comps and prepare renewal recommendations
• rate, term, and structure
• then execute approved renewals through to signature
• Complete first-pass review of leases and amendments against MMG's standard positions, producing a clean redline and an exceptions memo for leadership and counsel
• Analyze upcoming expirations to increase asset value
• Keep vacancy marketing current and accurate
• property flyers, the MMG property websites, and CoStar listings
• so available space is well represented Projects & Tenant Turnover
• Serve as the asset-management liaison on facade and capital projects
• the construction team runs the build; you safeguard business continuity, minimize tenant disruption, and own the asset-management items the build touches
• Drive landlord work, tenant build-out, and delivery obligations through to opening
• coordinating across managers, construction, and the tenant to accelerate rent commencement, so nothing slips between hand-offs Where the Role Grows MMG is building an in-house tenant-prospecting platform.

This role helps finalize it, supports the rollout, and takes full ownership once it's stabilized, running targeted outreach for our vacancies and handing qualified prospects to our landlord-rep brokers. Qualifications

• 3-6 years in commercial real estate
• asset management, brokerage, REIT/owner analyst, or a multi-hat role at a smaller owner
• Comfortable reading leases, rent rolls, deal terms, and operating budgets, and able to prepare a renewal recommendation
• Exceptionally organized
• and a finisher who closes loops, not just tracks them
• Comfortable holding outside managers, brokers, and internal colleagues accountable to deliverables and deadlines
• Proficient in Yardi (or similar), Microsoft Office, and CRM tools
• Self-directed
• able to run the function independently and escalate the right things at the right time
• Strong written communication and sound judgment about what needs leadership's attention
• South Florida market familiarity a plus Compensation Base salary plus performance bonus tied to individual and portfolio performance Full benefits | PTO | Clear path to Asset Manager within a vertically integrated South Florida real estate platform