San Diego

Project Manager, Affordable Development

Leave a Comment / Job Candidates, Project Manager, San Diego

San Diego, CA

A Southern California based real estate owner and manager with a diverse portfolio of real estate assets is looking for a Project Manager to lead the asset management team. This individual should have the desire to be a part of a rapidly expanding company and will work closely with the company’s asset management, property management, acquisitions and accounting teams. The Vice President of Asset Management is responsible for the implementation of a strategic plan for a portfolio of assets, including oversight of all management, construction, development, and financial activities.

Responsibilities

Acquisition / Due Diligence / Entitlement

  • Coordinates with Acquisitions on project conceptualization, due diligence, and land closings
  • Leads discretionary entitlement process if applicable
  • Develops schedule/budget and holds team accountable
  • Solicits and negotiates consultant proposals

Project Finance

  • Prepares and maintains pre-development & development budgets
  • Approves project related accounts payable for Controller
  • Leads bond inducement and CDLAC/TCAC application process
  • Leads Financial Closings

Design/Permitting

  • Oversees consultant team through project design process
  • Ensures project design meets funding constraints
  • Ensures project design balances cost efficiency and quality
  • Integrates best practice and lessons learned into project design
  • Coordinates City permit process with consultant team (demo, ROW, building, TIs, etc.)

Construction

  • Coordinates GC selection, cost estimates, pre-construction, bid process, contract negotiation
  • Oversees GC and CM (if applicable) during construction along with consultant team including weekly
  • OACs, RFIs, Submittals, COs, Pay Apps, etc.
  • Coordinates with Asset Manager and PM for lease-up, service contracts, etc.

Additional Responsibilities

  • Maintains project files
  • Retail Tenant Liaison
  • Coordinates Cost Certification
  • Perm Conversion Coordination
  • Handles 8609 Applications

Requirements

  • At least 5 years’ experience in project management. Affordable multifamily experience strongly preferred.
  • Bachelor’s degree.
  • Proven effective leader of project teams and stakeholders through clear communication, effective goal setting, and strong relationships.
  • Experience developing and owning project proformas and schedule.
  • Ability to ensure design standards are met and systematically improved.
  • Knowledge of leading and managing financial applications and closings with TCAC/CDLAC, gap financers, lenders and equity.
  • Success developing and implementing a risk mitigation framework that identifies and mitigates key project risks related to budget, schedule, and compliance.

Submit Your Application

  • Max. file size: 256 MB.
  • Max. file size: 256 MB.

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Analyst, Acquisitions and Asset Management

Leave a Comment / Analyst, Job Candidates, San Diego

San Diego, CA

A private real estate investment firm focused on the acquisition, joint-venture development and management of retail, office and infill mixed-use properties in West Coast markets is seeking an Analyst to support acquisitions and asset management functions.

Responsibilities

  • Financial modeling of acquisitions, dispositions, and asset management initiatives
  • In-depth market research during the acquisition analysis and on-going engagement in market activity
  • Preparation of investment memos and ongoing property-level reporting, including management of existing portfolio financial models
  • Assisting in due diligence of prospective investments
  • Assisting in coordination of property-specific management initiatives

Requirements

  • 1+ years of experience in real estate or finance
  • Bachelor’s degree required
  • Superior analytical abilities with a high attention to detail
  • Strong written and verbal communication skills with the ability to convey information concisely
  • Competency with reviewing financial statements and a basic understanding of accounting
  • Highly organized with a demonstrated ability to prioritize and multi-task
  • Strong work ethic and ability to work in dynamic, entrepreneurial team environment
  • Proficiency in Microsoft Excel, Argus and Word

Submit Your Application

  • Max. file size: 256 MB.
  • Max. file size: 256 MB.

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Accounting Manager

Leave a Comment / Accounting Manager, Job Candidates, San Diego

San Diego, CA

A commercial real estate development and acquisition company focused on state-of-the art
industrial facilities in Southern California is looking for an Accounting Manager to support the
company’s financial operations.

Responsibilities

  • Help manage the general accounting functions and the month-end processes (GL, AR, AP)
  • Compile and process equity draws and loan draws, coordinate this with the accounts payable process
  • Cash management for multiple accounts per property: cash projections, wires and checks, setup new bank accounts
  • Process bank reconciliations, credit card reconciliations, prepare journal entries and review general ledger activity
  • Process bank transactions online such as transfers, stop payments, downloads
  • Prepare timely and accurate monthly financial reporting for specific properties and corporate entities
  • Help prepare property budgets, develop property business plans
  • Analyze monthly financial variance reports
  • Calculate CAM estimates based on lease structures
  • Prepare annual and interim CAM reconciliations
  • Batch tenant ledger adjustments in our accounting system
  • Vendor billing research and tenant ledger research as needed
  • Lease administration: review and input leases and amendments into our accounting system, become familiar with leasing and accounting-related tenant communications
  • Work with managers & accounting on certain tenant communications, vendor communications
  • Identify and implement process improvements and maintenance of internal controls
  • Review new entities accounting setup & structure
  • Process and reconcile monthly management fees and corporate receivables
  • Process and reconcile monthly investor distributions
  • Create investor distribution/contribution schedules per TIC and operating agreements
  • Create and update investor reports, preferred return & sale schedules
  • Maintain and track worksheets to monitor compliance with the terms of various agreements such as partnership, loan, development, and management
  • Ensure quarterly debt compliance packages are submitted timely and accurately on numerous mortgage debt obligations.
  • Coordinate property audits and tax returns with our CPA firm, prepare and submit tax forms
  • Ensure state, federal, and property tax payments are submitted timely and accurately
  • Review state filings such as SOIs and city filings such as business license renewals
  • Assist with the process related to new acquisitions and dispositions, including transaction accounting and interfacing with escrow, legal and other third-party providers
  • Escrow and lender communications and document coordination, create escrow invoices for fees and expenses
  • Coordinate partners documents & signature coordination for transactions and leases

Requirements

  • 7+ years of experience with real estate accounting experience preferred
  • Bachelor’s Degree or higher; CPA
  • Honest, dependable, hard-working, and motivated
  • “Self-starter” to take initiative to complete and deliver the final product
  • Excellent written and verbal skills, thorough communication, as well as strong attention to detail and ownership of your role
  • Advanced experience in Excel is required
  • Time management, proficiency in Adobe Acrobat, and Microsoft Office
  • Exposure to commercial accounting software, MRI Software, AvidXchange, and/or Rent Manager

Submit Your Application

  • Max. file size: 256 MB.
  • Max. file size: 256 MB.

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Acquisitions Analyst

Leave a Comment / Acquisitions Analyst, Job Candidates, San Diego

San Diego, CA

An institutional-level fully-integrated commercial real estate investment company is looking for an Acquisitions Analyst for their industrial portfolios. They are a close-knit, down to earth, and intelligent team looking for entry-level support for the doubling of their portfolio over the next few years. Responsibilities for this role include financial underwriting, reviewing due diligence material, and preparing investment committee material. The person coming into this role will have a strong analytical and quantitative background as well as polished written and verbal communication skills with a desire to grow and learn in real estate acquisitions.

Responsibilities

  • Provide financial underwriting for new acquisitions by building cash flow models in Argus, analyzing investment returns in Excel, and evaluating the financial impact of various investment scenarios
  • Prepare investment summaries, recommendations, and presentations for senior management and investment committee
  • Perform various due diligence responsibilities for awarded deals which include reviewing lease documents to verify accuracy of Argus models, collaborating with departments to determine operating and capital plan, comparing historical financials and tenant reimbursements to projected cash flow, and conducting market research to support investment assumptions
  • Respond to any request from capital partners as it relates to the financial underwriting of a deal in pursuit
  • Prepare financing packages for debt placement
  • Provide scenario and sensitivity analysis for new acquisitions or in-place assets to understand the impact to overall returns and assist in the strategic decision-making process
  • Prepare internal property summary reports to assist in the transition of a new acquisition into asset management
  • Provide market research reports including sale and lease comps for existing properties to operations team
  • Assist in the disposition of properties by providing updated argus models, rent rolls, and financials to brokers.

Requirements

  • 2+ years of commercial real estate, investment management, or financial analysis experience preferred
  • BA/BS degree in Finance, Real Estate, Economics, or related field
  • Graduate degree, CFA, or CPA a plus
  • Strong financial modeling skills. Knowledge in real estate accounting and financial statement analysis preferred
  • Basic understanding of real estate agreements including leases, purchase and sale agreements, loan agreements, partnership agreements a plus
  • Proficiency in Argus preferred and Excel required.

Submit Your Application

  • Max. file size: 256 MB.
  • Max. file size: 256 MB.

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Senior Property Accountant

Leave a Comment / Job Candidates, San Diego, Senior Property Accountant

San Diego, CA

An institutional-level fully-integrated commercial real estate investment company is looking for a Senior Property Accountant for their industrial portfolios. They are a close-knit, down to earth, and intelligent team looking for experienced support on their accounting team The Senior Accountant is responsible for the preparation of accounting for all transactions within legal entities assigned, ensuring all transactions are recorded in accordance with current GAAP and/or tax guidance as well as within company policies and procedures. This includes the preparation of all property accounting transactions including purchases, sales, basis allocations, operating and fixed assets additions/deletions, NNN billings/reconciliations, fair market value analyses, forecasting, budgeting, and all other types of financial information/analysis within the company’s property portfolio.

Responsibilities

  • Responsible for preparation of all monthly accounting entries related to assigned properties, including revenue, operating expense accruals, debt, and depreciation.
  • Prepare and analyze financial reports related to assigned properties, including lender and investor reports.
  • Work closely with the property management team to perform various tenant/lease related functions such as new lease setup and annual CAM reconciliation calculations.
  • Review and approve invoices in paperless processing system for assigned properties.
  • Work with property managers to process monthly tenant billings.
  • Prepare journal entries and balance sheet reconciliations as part of the monthly close process.
  • Assist with coordinating multiple audits of company financial statements.
  • Assist in preparing annual budgets for each property and analyze variance to budget monthly.
  • Prepare loan draws

Requirements

  • Minimum of two (2) years of financial accounting and reporting experience.
  • Bachelor’s degree required.
  • Prior work experience with a public accounting firm required; Big Four accounting firm experience a plus.
  • Real estate accounting experience preferred.
  • Extensive working knowledge of Generally Accepted Accounting Principles (GAAP).
  • Experience with Yardi (or equivalent mid- to large- tier ERP System) preferred.
  • Understanding of policy and procedure implementation and internal control documentation.
  • Strong interpersonal skills are needed.
  • Strong attention to detail.

Submit Your Application

  • Max. file size: 256 MB.
  • Max. file size: 256 MB.

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Facilities Manager/Senior Property Manager

Leave a Comment / Job Candidates, San Diego, Senior Property Manager

San Diego, CA

A storied family office with a focus on diverse real estate within Southern California is looking for a Facilities Manager/Senior Property Manager to manage vendors, tenant relations, and capital projects.

This key leader will oversee the day-to-day operations of a mixed portfolio, including retail strip centers, office buildings, and mixed-use Office/Warehouse Business Parks. The Facilities Manager/Senior Property Manager will maximize property performance, ensure tenant satisfaction, and maintain strong relationships with vendors and stakeholders. This role requires a proactive leader with experience in commercial property management, construction management, financial acumen, and a proven track record in managing multiple properties efficiently.

The company prioritizes positive tenant relationships and fosters a supportive work environment that values work-life balance.

Responsibilities

  • Oversee the management and operations of the portfolio, ensuring properties are maintained to the highest standards.
  • Develop and implement strategies to optimize property performance, including tenant retention, lease administration (with in-house council support), and operational efficiencies.
  • Develop and oversee annual operating budgets. Track budget variances to ensure a smooth CAM recovery process. Work closely with the Owner and Accounting Manager throughout the budget process.
  • Monitor and manage capital improvement projects, ensuring projects are completed on time and within budget.  Including Tenant Improvements and common area projects. In addition, help manage new ground up construction.
  • Manage vendor contracts and source new vendors if needed.  Responsible for the selection and final award of contract services, vendor negotiation of service agreements, and the overall monitoring of vendor performance to assure full compliance with standards established within the service agreement.
  • Review and approval of payables.
  • Diligently collect delinquent rents and assure tenant compliance with lease provisions.
  • Provide on-site supervision and guidance to in-house maintenance personnel.  Oversee third party maintenance vendors.
  • Conduct regular site visits to monitor property conditions, maintenance needs, and tenant satisfaction. Report any deficiency directly to ownership, providing cost-effective solutions. These areas include Orange County once a week.  San Jose and Riverside County a few times a year.
  • Handle tenant relations, including addressing concerns, managing requests, and ensuring compliance with lease agreements.
  • Coordinate tenants move-ins and move-outs, ensuring seamless transitions and minimal disruption to operations.
  • Ensure compliance with local, state, and federal regulations related to property operations, including safety standards and environmental regulations.
  • Report to executive management on property performance, tenant relations, and strategic initiatives.
  • Maintain a positive image in performing daily work both internally and externally.
  • Assist in solidifying positive relationships with owners by being proactive and responsive to owners’ needs and requests.

Requirements

  • Minimum of 8 years’ experience in property management.
  • RPA or CPM certification preferred.
  • Strong financial acumen, including experience in budgeting, financial reporting, and lease administration.
  • Knowledge in all aspects of property management including construction management.
  • Must have been responsible for a portfolio of three or more projects.
  • Excellent communication and interpersonal skills with a proven ability to build and maintain relationships with tenants, vendors, and internal stakeholders.
  • Strong organizational and problem-solving skills, with the ability to manage multiple priorities and deadlines.
  • May perform other duties as assigned.

Submit Your Application

  • Max. file size: 256 MB.
  • Max. file size: 256 MB.

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Asset Manager

Leave a Comment / Asset Manager, Job Candidates, San Diego

San Diego, CA

A leading net-leased investment company is seeking an Associate to join its asset management team. The vertically integrated platform has approximately $3 billion in AUM in portfolios and single assets across the country. The Associate will be responsible for conducting financial analysis, modeling, and due diligence for the platform’s asset management and investment activities and will be part of an entrepreneurial team focused on further building a strong market presence. The small but growing team structure allows for direct exposure to the group’s executive team and principal investment vehicles.

Responsibilities

  • Review and update portfolio Argus models, including detailed review of complex lease structures and cash flows
  • Support and guide the management of a portfolio of grocery-anchored retail centers; evaluate capital projects and leasing transactions, coordinate with external partners, and develop business plans and strategies
  • Work with external consultants related to quarterly valuation requirements with oversight from senior management
  • Drive analytical and project support for all asset management activities; construct financial models, sensitivity analyses, comparable analyses, and other discrete financial analyses, as well as financial and asset due diligence and industry research
  • Conduct on-site property visits and maintain market or sector coverage with travel as required
  • Assist in reviewing and documenting lease proposals and leases
  • Liaise with external partners and due diligence advisors such as accountants, attorneys, and consultants during deal transaction
  • Work with external partners to monitor existing assets and opportunities to create value, execute capital markets transactions, and evaluate exit strategies
  • Participate in deal dispositions and releases, including the drafting and negotiation of legal documentation
  • Conduct exploratory macro market research and perform analytics on potential investment opportunities
  • Develop presentation materials including investment committee memoranda, as needed
  • Support and manage investor reporting requirements
  • Present and participate in investment committee meetings, including communicating analyses effectively to senior investment professionals
  • Secondary responsibilities include assisting deal teams with diligence for new investments as needed and conducting research for potential investment opportunities

Requirements

  • Minimum of 3 years of relevant experience in real estate principal investing in asset management, portfolio management and/or real estate investment banking
  • Bachelor’s degree from a top undergraduate institution
  • Strong modeling (both in Excel and Argus), analytical, valuation, and problem-solving skills
  • Meaningfully contributes to strategic dialogue and collaborates effectively with investment teams & external partners
  • Demonstrates strong investment judgment; identifies potential risks and finds solutions to roadblocks in deal process
  • Takes initiative and is accountable for running a process to conclusion
  • Strong written and verbal communication skills
  • Superior interpersonal skills; builds and maintains strong relationships/credibility with external counterparties
  • Excellent ability to multi-task and strong attention to detail
  • Entrepreneurial self-guided work ethic with results-driven orientation
  • Excels in a fast-paced rigorous work environment; effectively prioritizes and meets deadlines
  • Experience with multi-tenants assets preferred

Submit Your Application

  • Max. file size: 256 MB.
  • Max. file size: 256 MB.

Asset Manager Read More »

Investment Broker

Leave a Comment / Investment Broker, Job Candidates, San Diego

San Diego, CA

A national real estate brokerage firm specializing in the sale of quality net leased properties is looking for an Investment Broker to join their team in their Carlsbad office. The firm provides acquisition, disposition, sale-leaseback, and advisory services for institutions, developers, investment funds, owner operators, and private investors across the United States. With over 40-years of combined experience, the company has completed more than $1 billion in transactions nationwide and continues to be regarded as one of the nation’s leading commercial real estate brokerage and advisory firms.

Responsibilities

  • Complete our intensive in-depth training program & become an expert in commercial real estate analysis/brokerage
  • Relentlessly and proactively reach out to owners of commercial real estate
  • Be confident and comfortable with 75+ cold calls daily to investment property owners
  • Maintain detailed records of activity on our proprietary CRM system
  • Utilize the company’s industry-leading tools, resources, and technology to win business and build relationships

Requirements

  • Bachelor’s degree in Business or related industry or equivalent experience
  • You are incredibly self-motivated, tenacious, and appreciate uncapped potential
  • Excellent verbal and written communication skills
  • Active Real Estate License (or in process of getting real estate license)
  • Strong entrepreneurial mindset
  • Must have the ability to generate new business and build long-term relationships
  • 1+ years of experience in sales preferred but not required
  • Competitive nature
  • Strong understanding of effective prospecting and proven ability to penetrate new accounts
  • Organizational competency to maintain regular contact w/ large database of clients & prospects
  • Strong grasp of math / Ability to complete financial analysis & underwriting of investment real estate
  • Professional work ethic and integrity
  • Be coachable and must be able to work well independently and as part of a team
  • Provide clients with valuable financial analysis and underwriting of investment real estate
  • Work closely with Managing Principal to curate an effective business plan

Submit Your Application

  • Max. file size: 256 MB.
  • Max. file size: 256 MB.

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Associate Director, Property Management

Leave a Comment / Associate Director, Job Candidates, Property Management, San Diego

San Diego, CA

  • monthly, annual, and/or quarterly projects, inspections and repairs, ensuring on time completion and within budget. Coordination with client companies in an effort to reduce any disruption to operations.
  • Oversee, manage and/or perform other property management functions required of the position and assigned project(s).
  • Review Leases and Amendments, preparation and submittal of Lease Abstracts into Yardi and/or any other accounting systems. Preparation and review of operating matrix with client company and internal stakeholders as needed.
  • Create a culture providing guidance for new client companies with vendor recommendations if needed, new client company orientations, safety trainings and other educational forums that are beneficial to client companies.
  • Work with Legal as needed on client company requests as needed or for items not clearly defined in Lease.
  • Immediate response to liability and/or major property issues and reporting to Risk Management.

Financial Reporting:

  • Preparation of annual property operating budgets, monthly financial statements, quarterly budget reforecasts, accruals, variance reporting, CAM reconciliations and billings; ability to present to internal stakeholders and partners.
  • Timely collection of monthly rents in accordance with Lease terms, resolution of outstanding A/R issues including direct billbacks.
  • Routine processing of accounts payable.
  • Reconciliation of financial statements and ledgers.

Client Company/Life Science Community Relations:

  • Onboarding of new client companies, process to include interfacing with client companies’ lab operations managers and key personnel.
  • Prompt response to client company requests and/or questions.
  • Develop and maintain relationships with client company management and facility representatives.
  • Implement “client company touch” programs and review amenities to keep refreshed with current, and market-driven services.
  • Understand each client company’s needs to provide flexibility/expansion/relocation needs within portfolio as well as business needs to leverage our platform to solve their real estate challenges where appropriate.
  • Manage client company move-outs with review of lease language, particularly restoration clauses, review of Surrender Plans, coordination with client company and consultants to ensure decontamination of suites has been handled appropriately and all agency documents filed.
  • Participate in industry events to maintain and expand Breakthrough’s presence in the life science and technology communities.

Property Operations/Client Company Improvement Support:

  • Participate in property operations set-up to include, but not limited to, back-of-house operations, major building equipment commissioning and operations.
  • Support client company improvement projects to include, but not limited to, work letter administration, client company plan review, architect and contractor engagement and management, budget and improvement allowance monitoring and management, and project close-out while ensuring on time completion and within budget.
  • As directed by the Company’s senior management, support client company buildouts, mechanical and other major building system upgrades, including capital project oversight and implementation.

Facilities Services:

  • Develop and maintain strong vendor relationships partnering with engineering teams, coordination of contracting of ongoing maintenance, repairs and capital projects, ensuring completion on time and within budget.
  • Provide recommendations for capital improvements and operational considerations with an emphasis on corporate sustainability.
  • Ensuring timely and clear communication with client companies on any scheduled and emergency maintenance and repairs.
  • Coordination with client companies and their contractors for any TI and/or capital projects minimizing disruptions or loss of essential services to other client companies or amenities.
  • Emergency Response: Provide oversight to asset management and engineering teams in emergency situations such as floods, spills and leaks requiring immediate restoration, mold analysis and remediation.
  • Develop (with third party vendors as necessary) standard operating procedures and programs ranging in protocols for laboratory safety, laboratory operational permits, hazardous waste disposal, maintenance of accurate and up-to-date records on all training, permits and incidents. Maintain all site signage related to safety and standards for the site. Ensure Control Area compliance is being met.
  • Ensuring City and Agency required forms and renewals are completed on time.

REQUIREMENTS:

  • Minimum 10 years of proven success in the asset/property management industry with direct practical experience setting up operations, operating and managing sophisticated life science or commercial facilities.
  • Bachelor’s Degree or greater preferred. Real Estate License preferred.
  • CCIM, CPM, RPA, LEED or equivalent industry designation(s) preferred.
  • Strong organizational, communication and financial skills are required.
  • Successful track record of leading and managing others.
  • Strong technical knowledge of building operations required.
  • Experience in all phases of property operations, inclusive of asset and property management functions, legal and risk management.
  • Knowledge of key liability and legal issues in property management.
  • Experience with complex, highly technical commercial building system applications.
  • Experience with client company improvement projects.
  • Self-directed and motivated individual capable of managing both large and small project teams
  • Ability to resolve complex issues in a timely manner while prioritizing and handling multiple projects simultaneously.
  • Passion for working with people, creating amazing experiences and leading with a hospitality mindset.
  • Takes initiative and is a proactive and decisive leader always focused on continuous improvement.
  • Computer proficient skills with strong knowledge in spreadsheet preparation and working experience with all Microsoft Office Products, including but not limited to Excel, Word, Outlook, Angus, Yardi, and with skills to learn proprietary software systems utilized by the Company.

Associate Director, Property Management Read More »