Asset Manager - Retail

POSITION SUMMARY:

The Retail Asset Manager is responsible for strategically managing value-add retail real estate investments to maximize property performance, asset values and investment returns.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Responsible for executing strategic goals at the property level, such as but not limited to: leasing, operating budgets, implementation of operating/capital plans, and comparative market studies
• Manage joint venture structure relationships while executing the business plan for the assigned portfolio
• Develop a thorough understanding of the real estate markets in which portfolio assets are located
• In collaboration with team members, prepare, review and oversee the execution of the annual business plans for each property including development of leasing objectives, operating and financial budgets, and capital projects
• Actively participate in the leasing process, which includes guiding property teams in strategy and approving all LOIs, new leases, renewals and redevelopments
• Where necessary, identify and oversee third party property managers, leasing agents, consultants, attorneys, vendors, and subcontractors for the successful operation of each asset
• Periodically visit and tour assigned assets, attend trade shows nationally, meet with brokers and tenants and seek out new business
• Work in conjunction with the acquisition and disposition departments during the life of the asset
• Manage due diligence process on new acquisitions
• Master new markets as acquisition targets are identified by providing market assessments
• Support in the disposition process as asset managed projects are monetized
• Perform other duties and responsibilities as assigned

The duties and responsibilities listed above are representative of the nature and levels of work assigned and are not necessarily all-inclusive.

TRAVEL: Involves approximately 25% travel.

EXPERIENCE:

• 7+ years of experience in the retail real estate sector
• Technology:  Working knowledge of Argus Enterprise, Procore, Measurabl and VTS a plus
• Deep “hands on” experience at the asset level including leasing and asset management negotiating skills
• Knowledge into retailers’ market position, credit profiles, expansion plans, and co-tenancy preferences

SKILLS/COMPETENCIES:

• Support ESG initiatives at the asset level and work with JV partners to comply to policies 
• Creative, opportunistic, and a very positive attitude, with an eagerness to solve problems
• A strong work ethic, high integrity, and well-organized mindset
• Ability to thrive in a highly demanding, entrepreneurial & fast-paced environment
• A top performer, with a proactive approach who has a "doer" & problem-solver mentality
• Independent, professional, committed, forceful but diplomatic, with ability to develop within the business to take on more responsibility
• Display a wide range of interpersonal skills and initiative to resolve difficult issues as and when they arise
• Excellent written / verbal communication and presentation skills are essential to synthesize information, make assumptions, and present key findings, conclusions, and recommendations
• Strong attention to detail and accuracy along with ability to multitask and prioritize
• Team player who demonstrates the ability to collaborate with employees throughout all levels of the organization

About DRA Advisors

DRA Advisors LLC is a New York-based real estate private equity investment and management firm with an institutional and private investor fund base. For the past 30 years DRA has been a highly regarded equity joint venture partner with outstanding real estate operating groups. The firm invests nationally in the value-add retail, office, multifamily and industrial sectors. DRA's retail portfolio since inception has included 300 shopping centers, and the firm’s current retail portfolio consists of 28 million square feet of lifestyle, grocery-anchored, power and community centers.

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