Namdar Realty Group LLC

Commercial Real Estate Asset Manager

Namdar Realty Group LLC Great Neck, NY
Namdar Realty Group LLC

Commercial Real Estate Asset Manager

Namdar Realty Group LLC Great Neck, NY
5 days ago 38 applicants

See who Namdar Realty Group LLC has hired for this role

Job Description

We are seeking an experienced Asset Manager to join our team, focusing on managing a diverse portfolio of commercial properties with the primary goal of enhancing Net Operating Income (NOI). The successful candidate will be responsible for developing strategic asset management plans, optimizing property performance, and ensuring financial objectives are met.

Responsibilities:

  • Strategically manage a portfolio of commercial office properties to maximize asset value and investment returns.
  • Develop and implement comprehensive asset management strategies aimed at enhancing NOI through operational efficiencies, cost control, and revenue optimization.
  • Oversee the annual budgeting process for income and expenses, ensuring accurate forecasting and effective tracking of capital expenditures and one-time expenses.
  • Craft and execute annual leasing strategies, maintaining detailed reports on leasing activities and market trends to inform decision-making.
  • Identify underperforming assets and collaborate with Property Management teams to develop and implement turnaround strategies that align with overall business objectives.
  • Monitor and ensure the achievement of key performance indicators (KPIs), including rent collection rates, occupancy levels, and adherence to operating budgets, with a strong focus on NOI optimization.
  • Evaluate and approve lease agreements, renewals, terminations, and modifications, ensuring they contribute positively to the portfolio's financial performance.
  • Evaluate operational efficiency, tenant satisfaction, and identify opportunities for improvement.
  • Serve as a key liaison between property management, accounting, and senior management teams to ensure strategic alignment and reporting accuracy.

Requirements:

  • Bachelor’s degree in real estate, Finance, Accounting, or a related field.
  • A minimum of 5 years’ experience in real estate asset management, with a proven track record of enhancing asset value and NOI in a portfolio of commercial properties.
  • Demonstrated ability to thrive in a fast-paced environment and manage multiple priorities with a high degree of initiative and independence.
  • Strong leadership, strategic thinking, and management skills, with the ability to inspire and collaborate with teams.
  • Excellent communication skills, both verbal and written, with the capacity to negotiate effectively and build strong professional relationships.
  • Advanced analytical, decision-making, and problem-solving abilities, with a keen attention to detail.
  • Proficiency in financial modeling and analysis, with a deep understanding of real estate markets and trends.

Company Description

Property Management

Property Management

  • Seniority level

    Mid-Senior level

  • Employment type

    Full-time

  • Job function

    Finance and Sales

  • Industries

    Real Estate

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