San Diego

Analyst/Senior Analyst, Asset Management

San Diego or Los Angeles, CA

A national real estate investment company led by an experienced management team with a proven track record of investing, developing and operating life science real estate is looking for an experienced Analyst/Senior Analyst to support their Asset Management team.

This key Asset Management team member will work cross-functionally and focus on asset value creation, property reporting, and financial analysis, and will guide property strategic decisions, interaction with joint venture partners and limited partners, budgeting, and business plan execution for the firm’s real estate investments.

Responsibilities

  • Prepare Investment Committee memos as well as quarterly and annual reporting evaluating asset performance
  • Produce strategic business plans and work with property management team to produce annual budgets and future cashflow projections for portfolio assets
  • Maintain detailed and dynamic financial models and cash flows in Excel and Argus for existing portfolio assets to support operational decisions
  • Track commitments to lenders and capital partners
  • Manage and review the property budgeting process including capital needs, valuations, and periodic appraisals
  • Conduct lease analyses and assist with the lease negotiation process for prospective tenants
  • Review and monitor governing documents, including partnership agreements, loan agreements, leases, or other legal documents
  • Provide portfolio management support including project level communication with LPs
  • Review due diligence documentation as part of transaction due diligence and transition process
  • Become part of a collaborative and multi-functional team

Requirements

  • 1 – 3 years of experience in an analytically based real estate investment or finance role, ideally in Class A commercial product
  • Advanced Excel underwriting and experience using ARGUS Enterprise
  • Strong creative, methodical problem-solving skills
  • Strong written and oral communication skills, ability to articulate complex concepts in clear concise and professional manner
  • Self-motivation with the ability to work effectively in a dynamic entrepreneurial environment
  • Unwavering attention to detail and organization; dedicated to excellence in work product and delivery
  • Ability to work effectively with both peers and senior management in a highly entrepreneurial, team-oriented environment
  • Passion for working in the life science field, and how real estate supports mission critical facilities

Submit Your Application

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

Analyst/Senior Analyst, Asset Management Read More »

Asset Manager

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 »

Senior Property Manager

San Diego, CA

A family office with a focus on diverse real estate within Southern California is looking for a Property Manager/ Asset Manager to support growth of the portfolio.  The ideal candidate will have a strong background in commercial real estate. Flexibility, attention to detail and a willingness to teach, create and grow are key to success here.  The position will touch many aspects of the family office, including tenant relations, family relations, financial analysis and operations. Position offers a flexible schedule and possibility split work from home schedule. 

Responsibilities

  • Oversee daily operations of all assigned properties
  • Interface with 3rd party property managers on other properties
  • Review and manage leases for tenants
  •  Work with leasing agents regarding leasing of vacancies
  • Coordinate with bookkeeping staff regarding property related invoicing
  • Managing and overseeing CAMS
  • Respond to afterhours emergency calls
  • Review certificates of insurance
  • Prepare and review annual budgets of properties
  • Evaluate vendors and service contracts
  • Create budgets
  • Help create management systems

Requirements

  • 4-10 years’ experience in property management and real estate related industry.
  • Real estate license
  • Proficiency with property management/accounting software; preferably Quickbooks, Yardi (Voyager, Payscan); Excel and other MS Windows applications
  • Excellent verbal, written and organizational skills
  • Ability to work independently as a self-starter. Organized and collaborative

Submit Your Application

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

Senior Property Manager Read More »

Investment Broker

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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Junior Property Manager

San Diego, CA

A private real estate investment firm focused on the acquisition, development and management of retail, office and infill mixed-use properties in select West Coast markets with 10 years of experience in San Diego, is looking for a Junior Property Manager to join their growing team and provide support to their portfolio and property initiatives. Under the direction of VP of Property Management, the Junior/Property Manager is responsible for the day-to-day administration and implementation of those policies, procedures and programs that will ensure well managed and well-maintained properties. The Junior/Property Manager will be assigned to specified action areas at the discretion of the Property Managers to best meet the needs of the portfolio.

Responsibilities

  • Responsible for lease administration duties
  • Monitor collections and coordinate default proceedings.
  • Ensure compliance with Property Management Policies and Procedures, codes, regulations, and governmental agency directives.
  • Complete property inspections: properties may require weekly, monthly, and/or quarterly inspections to be determined by specific asset requirement, company’s best practices, and/or client requirements.
  • Prepare annual operating budget and annual expense reconciliations.
  • Bid, negotiate, and manage conformity with vendor contracts in accordance with company’s contract requirements or client requirements.
  • Maintain interface with accounting team to ensure total contract compliance, including preparation of accurate and timely reporting.
  • Coordinate and oversee on behalf of client, all tenant and building construction work to ensure timely and accurate completion of all construction work at property.
  • Overseeing and coordinating property management, maintenance, and construction activities associated with commercial tenants.
  • Interacts with tenants in person by visiting properties, automobile travel is required.
  • Responsible for the prompt and positive response to requests from tenants, constantly assess tenant needs and assure problems are being solved promptly, to the mutual benefit of the tenant and properties, including preparing, dispatching and tracking tenant work orders.
  • May be engaged in the selection of contract services, vendor negotiations for service agreements and day-to-day monitoring of vendor performance to assure full compliance with standards established within the respective service agreements, including Certificates of Insurance.
  • Accounting processes which include, but is not limited to, completing property management / accounting forms as required, coding invoices, reviewing Accounts Receivable reports, and assisting in the collection of rents.
  • Involved in the administration of all tenant leases to assure full compliance with lease provisions, including Certificates of Insurance.
  • Answers telephone, screens calls, transfer callers to voice mail, or take messages to facilitate communications and contacts.
  • Participate in various meetings and training activities as designated by the Property Managers or higher-level management.

Requirements

  • 2 to 5 years of experience in Property Management, Commercial experience preferred.
  • Proficiency in Microsoft Office, Excel and experience with Yardi platform
  • Strong written and verbal communication skills with the ability to covey information concisely
  • Highly organized with a demonstrated ability to prioritize and multi-task
  • Ability to handle general administration of the property in the absence of the VP Property Management, or when otherwise called upon
  • Strong written and verbal skills, with the ability to produce communications and other materials that are effective and of a professional nature
  • Computer proficiency with strong knowledge of Outlook, Word, Excel, and the ability to learn specific software programs as needed; Yardi experience a plus
  • Self-starter with strong organizational and problem-solving skills
  • Must be able to work in a fast-paced, team-oriented environment with multiple deadlines, and adapt readily to changing priorities
  • Capable of delivering superior customer service to tenants and clients
  • Ability to maintain an approachable, friendly demeanor when working with competing priorities and demands
  • Must be able to develop effective working relationships with co-workers, vendors, contractors, and tenants

Submit Your Application

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

Junior Property Manager Read More »

VP of Portfolio Management

San Diego, CA

A vertically-integrated commercial real estate investment company is looking for a Vice President of Portfolio Management. This VP will lead the overall financial and operational management of the Company’s portfolio of commercial real estate assets. The primary focus is to maximize investment performance of each asset by establishing and executing annual plans that maximize the value and improve efficiencies. The position also has a key role in evaluating and assisting in the acquisition and disposition of assets.  

Responsibilities

Portfolio/Asset Management Responsibilities

  • Oversee the strategic planning for the commercial assets and development portfolio through preparation, and execution of annual property business plans.
  • Evaluate, gain approval, and execute redevelopment and/or capital improvement initiatives through (i) analysis of property characteristics to determine feasibility, advisability and financial implications, (ii) selection and coordination of architects, contractors, consultants, et. al. to implement improvement plans, (iii) creation and approval of budgets and proformas, (iv) working in conjunction with senior management, interface with governmental officials concerning property, zoning and development issues.
  • Build strong broker relationships to maintain a broad range of knowledge concerning geographic markets containing the Company’s assets under management, including analysis of (i) data concerning competition, (ii) rental and NNN rates, (iii) occupancy and absorption rates, (iv) current and proposed real estate development and (v) significant events.
  • Oversee the preparation of quarterly asset management reports to Senior Management and joint venture partners.
  • Oversee forecasting of cash flows and cash positions for each property to ensure sufficient capital is available. Advise VP of Accounting and Finance and Senior Management of cash positions and future needs for capital calls.
  • Maintain ongoing industry networking, developing and maintaining contacts in the brokerage communities.
  • Participate in industry events to maintain and expand the Company’s presence in the markets where the Company owns assets.

Leasing Responsibilities

  • Work with the VP of Leasing to establish and manage the leasing plan of each property in the portfolio and evaluate economics of prospective leases to ensure financial goals for new and renewal leases are met or exceeded and lease documentation is appropriate.

Financing Responsibilities

  • Assist VP of Accounting and Finance to solicit and evaluate proposals to obtain debt and equity capital for existing assets and prospective acquisitions.
  • Oversee the preparation and submittal of due diligence materials to lenders and equity capital partners.
  • Review closing prorations and closing statements.

Acquisitions/Dispositions Responsibilities

  • As part of the annual business plan process, evaluate assets for Hold/Sell recommendations through review of key factors like asset condition, capital needs, leasing forecasts, market conditions, financial return projections, etc.
  • Assist in the due diligence process of property acquisitions by participating in the gathering and evaluation of key reports and underwriting.
  • For assets that have been identified for disposition, lead the process of solicitation and evaluation of investment sales brokers and make recommendation to Senior Management for approval.
  • Oversee the preparation and approval of marketing and due diligence materials.
  • Evaluate and make recommendations on selection of buyer.
  • Monitor and coordinate the provision of materials to support buyer’s due diligence.

Development Responsibilities

  • Work with the Development and Acquisition and Finance teams to identify and underwrite potential development projects for land and redevelopment of commercial assets.
  • Prepare feasibility evaluations including development budgets, financial models, market analysis and zoning information to arrive at recommendation to Senior Management.
  • Create strategy and schedules for approved projects.
  • Solicit proposals, evaluate and retain necessary technical, financial and operational consultants to support project execution.
  • Maintain and refine project financial model, including development budgets, operational costs, leasing assumptions, and revenue projections.
  • Participate in the preparation and submittal of materials for government entitlements.
  • Review and comment on design and construction plans.
  • Work with VP of Accounting and Finance to evaluate project financing options and participate in solicitation and negotiation of documents and closing of debt and equity agreements.
  • Solicit, evaluate and select construction contractors and project managers.
  • Review construction reports and participate in project meetings.
  • Oversee project turnover and construction closeout.

Requirements

  • Bachelor’s degree in business, finance, economics, accounting, or real estate.
  • MBA or a master’s in real estate is a plus.
  • 7+ years of proven success in asset/property management, leasing, and construction in the retail industry.
  • CPM, RPA, LEED AP, or equivalent real estate industry designation(s) preferred.
  • Strong communication and negotiation skills.
  • Excellent analytical and problem-solving skills with a strategic mindset.
  • Proven leadership skills.
  • Proficiency and recent working experience with Argus (required) and Yardi (preferred).
  • Working knowledge of basic discounted cash flow valuation (NOI, NPV, IRR).
  • Understanding of debt related ratios (DSCR, LTV).
  • Proficient in Microsoft Office products, including Excel, Word, Outlook, and PowerPoint.  

Submit Your Application

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

VP of Portfolio Management Read More »

Senior Property Accountant

San Diego, CA

A west-coast CRE owner/operator with a focus on employee growth and remote work is looking for a Property Accountant/Senior to join their team. Reporting to the Vice President of Finance, the successful candidate will produce accurate, timely, and complete financial reporting and perform full-cycle accounting for assigned commercial real estate entities. The property Accountant will interact and collaborate with property and asset management teams, vendors, and/or tenants to enhance investor confidence and facilitate asset appreciation.

Responsibilities

  • Complete day to day accounting functions of assigned properties.
  • Review A/P invoice coding for accuracy in Nexus.
  • Consult with property staff as to general ledger coding for payables, tenant improvements, cash receipts applications, and budget variances
  • Ensure all appropriate reviews and approvals were completed prior to processing data into the accounting system.
  • Prepare journal entries for insurance, property taxes, monthly mortgage payments, accrual/prepaid expenses, and depreciation/amortization expenses.
  • Record and reconcile intercompany fees and intercompany receivable/payable accounts.
  • Maintain fixed asset and leasing commission schedules for tax preparer.
  • Reconcile all balance sheet accounts including bank accounts, receivable, impound, mortgages, and equity accounts.
  • Proactively review income statement trend ledgers and general ledger details monthly to ensure accuracy; identify inconsistencies, make necessary adjustments, and review with asset/property manager, if needed.
  • Perform month-end and year-end closing.
  • Closely monitor lender reserve accounts and prepare lender draws when appropriate.
  • Calculate and enter monthly contract item accruals such as janitorial, security, engineering, and utility expenses to match expenses to the period incurred, and review trial balance for reversing of same entries in the next accounting period
  • Job cost accounting functions, including setting up jobs in MRI & Nexus, verifying job cost codes for accuracy, setting up budgets and commitments for job in MRI, and reviewing job cost reports for accuracy.
  • Prepare periodic reporting to lenders and investors.
  • Review and prepare internal reporting packages for asset and property management.
  • Prepare monthly budget vs actual variance analysis for assigned properties.
  • Review documents such as lease documentation, tenant billing, move out and cash receipts substantiating business transactions.
  • Prepare Rent Statements and distribute them to the field to ensure the accuracy of the following month’s recurring charges and past-due charges.
  • Review the tenant aging report monthly, ensuring all payments are applied to outstanding charges. Investigate and address any unusual balances. Alert and collaborate with property management in collection efforts.
  • Research and answer Property Managers’ questions regarding tenant statements.
  • Review work such as tenant credit memos, non-recurring tenant billings, and questionable cash receipts.
  • Prepare tenant account analysis and reconciliations when tenants dispute charges.
  • Process tenant refunds and deliver them to the Accounts Payable department.
  • Review weekly cash position for assigned properties and proactively alert asset manager of pending cash issues.
  • Prepare, file, and pay property taxes, state income taxes, and privilege taxes for assigned properties and LLCs.
  • Assist with annual CAM reconciliations and proceeding years estimated CAM reconciliations.
  • Provide annual actual expenses for CAM reconciliations and make GL adjustments as needed.
  • Support Assistant Controller with preparation of year-end audit and tax workpapers.
  • Participate in identifying and resolving problems and inconsistencies, recommending appropriate corrective procedures.
  • Monthly privilege tax filings and credit card reconciliations.

Requirements

  • Minimum 3 years’ full cycle accounting experience.
  • Bachelor’s Degree in Accounting or equivalent accounting experience.
  • Experience with MRI or similar accounting system required.
  • Commercial Real Estate experience and REIT accounting experience are preferred but not required.
  • Intermediate to advanced computer skills, including advanced proficiency with Microsoft Excel and Word.
  • Possess a self-motivated, analytical, inquisitive, and passionate mindset.
  • Possess a demonstrated knowledge base of accounting principles and processes.
  • Effective analytical and problem-solving skills.
  • Ability to plan, work independently, and manage priorities against key deadlines within a fast-paced environment.
  • Possesses a customer service orientation with the ability to establish and maintain effective working relationships with internal and external customers.
  • Effective communication skills, both written and verbal.

Submit Your Application

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

Senior Property Accountant Read More »

Associate Director, Property Management

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 »