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Asset Management Associate (NYC)

Salary
$75,000-$99,999
Employment
Full Time
Work Place
Office
Real Estate Field
Location
New York
 NY
Postal Code
10019
Country
United States

This job is no longer active.

Description


About Box Equities

 

Box Equities is a vertically integrated, privately-held real estate investment firm specializing in the acquisition of undervalued industrial properties across the Southeast and Midwest. The firm targets physically efficient warehouses in middle-mile markets that benefit from superior highway access and deeply entrenched, stable labor supply. Company founders previously ran multibillion supply chain companies, bringing over 40 years of deep relationships with C-suite executives of big box retailers. The company’s portfolio currently consists of 18 assets in 11 states totaling 5 million SF.

 

Your Key Responsibilities

 

  • Report directly to the Head of Asset Management and Box principals
  • Forge strong relationships with tenants
  • Together with the Head of Asset Management, develop a thorough understanding of each property and its challenges, assess implementation of strategic initiatives, assess operational and management performance, and identify opportunities for improvement
  • Prepare financial reporting packages for lenders including rent rolls, income statements, etc.
  • Manage a calendar of all property-specific deadlines including tax & insurance payments, lender reporting deadlines, etc.
  • Liaise with the company’s property managers on a regular basis to keep up to date on the status of each property
  • Support the Acquisitions Team with the preparation of financial models and investment memorandums
  • Assist with driving asset performance, including managing the refinancing and sale of existing assets
  • Strategically manage property cash flow, and major repair and maintenance capital improvements
  • Coordinate and manage strategic capital improvement plans carried out by general contractors and third party vendors
  • Prepare quarterly asset management reports to be presented to Investment Committee
  • Create and implement annual operating and capital budgets
  • Maintain terms of partnership agreements, loan documents, regulatory agreements, and various property agreements
  • Coordinate communications and manage requests from investors, lenders, governmental agencies, and other stakeholders
  • Conduct frequent physical inspections of each asset and its competitive market in the portfolio.

 

 

Candidate Profile

 

  • Bachelor’s degree required, preferably in Business, Finance, Real Estate, or related fields
  • 1-3 years of experience with real estate asset management and finance
  • Operational experience with financial reporting and managing equity investments
  • Strong analytical skills, with the ability to evaluate complex data and present solutions
  • Effective communication and presentation skills to work effectively with and present to Investment Committee and Box’s investors
  • Proficiency in Microsoft Excel and Word
  • Ability to travel as needed

 

Compensation Range: $75,000 - $95,000

 

For more information about our company please visit our website:

 

Box Equities is an equal-opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.

 

Job Sector


 

Experience


1+ to 2 years


This job is no longer active.

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