VP of Asset Management

Bay Area, CA

A west coast CRE investor is seeking a highly experienced and results-driven Senior Asset Manager to oversee and optimize the performance of their Northern California real estate portfolio. This individual will be responsible for managing a diverse portfolio, primarily consisting of retail and office assets, with a focus on maintaining high occupancy, enhancing asset value, and executing strategic dispositions. The ideal candidate will have deep market knowledge of the Bay Area, a strong network of brokers and vendors, and a proven ability to drive operational and financial performance.

This is a senior-level position offering the opportunity to take full ownership of portfolio decisions.

Responsibilities

Portfolio Oversight:

• Develop and execute comprehensive asset management strategies to maximize occupancy, NOI, and overall portfolio value.
• Monitor and analyze portfolio performance, addressing issues promptly to ensure operational excellence.

Leasing and Tenant Relations:

• Work closely with local brokers to negotiate leases, renewals, and tenant improvements to maintain high occupancy rates.
• Build strong relationships with tenants, ensuring satisfaction and retention.

Disposition and Exit Strategies:

• Develop and implement sales strategies for assets identified for disposition, ensuring maximum value is realized.
• Collaborate with brokers, appraisers, and other stakeholders to market and close transactions efficiently.

Vendor and Partner Management:

• Identify, select, and manage relationships with local brokers, property managers, and service vendors.
• Oversee property management teams to ensure seamless day-to-day operations.

Market Knowledge and Networking:

• Stay informed on local market trends, competitive assets, and economic factors impacting the portfolio.
• Leverage existing relationships and build new connections with key market participants, including brokers, investors, and service providers.

Financial and Operational Performance:

• Prepare and present portfolio performance reports to the CEO, including occupancymetrics, leasing updates, and financial forecasts.
• Develop and manage annual budgets, ensuring alignment with company goals and financial targets.

Acquisition Support:

• Actively identify and evaluate potential acquisition opportunities in Northern California, leveraging market knowledge and broker relationships.
• Collaborate with the CEO and investment team on due diligence, underwriting, and transaction execution.

Requirements

• Minimum of 7-10 years of asset management experience, with a strong focus on retail and office properties.
• Proven track record of managing and improving the performance of commercial real estate assets.

Skills & Expertise:

• In-depth knowledge of Northern California real estate markets, particularly the East Bay Area.
• Strong network of local brokers, vendors, and service providers.
• Expertise in lease negotiations, tenant relations, and property operations.
• Solid understanding of real estate finance, valuation, and disposition strategies.

Personal Attributes:

• Highly analytical with strong decision-making skills.
• Excellent communication and relationship-building abilities.
• Self-starter with the ability to work independently and manage multiple priorities.