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Silverstein Properties, Inc.

Asset Management Associate

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
New York
 NY
Postal Code
10007
Country
United States

This job is no longer active.

Description


Silverstein Properties, a NYC based owner/operator of over 16 million square feet of real estate, seeks an Asset Management Associate to:

 

  • Maintain/update Argus and valuation models on a quarterly basis; forecast capital contributions/distributions
  • Undertake detailed property-level analyses of prospective leasing deals, tenants/in-place leases, capital projects, operating and financial statements, market and competitive position, real estate taxes, insurance and other relevant information
  • Track ongoing property-level activity and identify trends/issues
  • Review monthly property performance on both a cash and accrual basis; identify issues and present opportunities for improvement
  • Assist Asset Manager with implementation of business plan initiatives; analyze property performance relative to business plan targets
  • Assist Asset Manager with preparation and review of property-level budgets
  • Prepare analyses/consolidate information for investor reports and executive team presentations
  • Assist Asset Manager with obtaining institutional investor/lender approvals and handle ad hoc requests for investors/lenders
  • Review annual property appraisals
  • Research value-add strategies/ideas to consider at the properties
  • Assist with analyses, due diligence, and preparation of investment books for financing, recapitalization and disposition transactions
  • Assist with due diligence and transition of new acquisitions into the operating portfolio

Requirements:

  • Bachelor’s Degree in real estate, business, economics, finance or accounting required
  • MBA or Master's in Real Estate preferred, but not required
  • 3-5 years of real estate asset management experience (asset management at an operator preferred) with an emphasis on NYC office and multi-family properties, if possible
  • Superb attention to detail and high degree of curiosity to dig in, learn and understand
  • Ability to be in details but also ability to take a step back and see the “bigger picture” at the same time is required (analytical and strategic perspective)
  • Exceptional financial modeling skills, including thorough understanding of cash flow models, IRR analysis, discounted cash flow valuations, complicated debt structures, including bond financing, profit distribution waterfalls and property-level cash analysis
  • Knowledge of real estate accounting principles preferred and ability to review and understand both accrual and cash methods of accounting critical
  • Ability to prioritize, multi-task and manage conflicting deadlines in a fast-paced environment is critical to success; time management skills essential
  • Exceptional communication, interpersonal, analytical, writing and organizational skills; the ability to manage up and clearly and succinctly communicate is critical to success
  • Self-motivated, resourceful and proactive, both with respect to managing workload and professional development
  • Enthusiasm and desire to succeed in a collaborative environment, with a focus on collective success

Job Function


 
 

Experience


2+ to 5 years


This job is no longer active.