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Asset Manager

Full Time
Real Estate Field
  • Asset / Portfolio Management
Postal Code
United States

This job is no longer active.


Overview Mortenson Properties, Inc. (MPI) is the commercial real estate investment arm of M. A. Mortenson Companies, Inc., a privately held corporation founded in Minneapolis in 1954. Mortenson is known as one of the largest and most diversified construction organizations in the country. MPI is responsible for execution of its investment strategy, including the direct acquisition of office/industrial assets as well as joint venture equity investment in new development. MPI also leads the asset management oversight of its existing real estate portfolio which includes industrial, multi-tenant office and medical office assets. Mortenson is regularly named one of the Best Places to Work and is the recipient of numerous awards for quality, safety and innovation. In addition, the company has positioned itself at the forefront of the construction industry's green movement and has earned a reputation as a leader in sustainable and energy-efficient building.

These foundational elements guide every facet of our business:

  • Values - Mortenson is dedicated to values of Trust, Responsibility, Safety, Teamwork, Service and Stewardship.
  • Purpose Statement - Building structures and facilities for the advancement of modern society.
  • Mission - Create an exceptional customer experience.
MPI is seeking an Asset Manager, based in our headquarters office in Minneapolis, MN. You will join a small but growing team and play a crucial role in the asset management oversight and asset strategy. We are looking for analytically minded individuals who will incorporate market data and trends into their approach at the property level. Responsibilities

Key Responsibilities:

  • Primary responsibility is to maximize the property's value for investment purposes through the execution, and continued refinement of, the investment plan.
  • Partner with the acquisitions team at early stages of project underwriting, provide input on the business plan, take a lead in due diligence effort and begin on-boarding projects into the portfolio
  • Key influencer in leasing strategies and will be responsible for lease negotiations, capital improvements projects, tenant relations and asset dispositions.
  • Provide oversight to the property operations team
  • Coordinate with Financial Management to ensure compliance with any loan covenants and assist in cash management
  • Support quarterly reporting efforts by providing accurate and reliable information and review drafts to ensure quality and accuracy of information
  • Evaluate investment and property operating performance by preparing cash flow forecasts both short and long-term projections
  • Conduct periodic asset valuations and investment reviews
  • Complete financial analysis to assess the impact of budget changes and budget variances
  • Assist with preparation and processing of construction loan draws and related submissions
  • Provides recommendations for improving asset performance and efficiency.
  • Develops and maintains relationships with the investment sales and leasing broker community. Analyze market data and study competitive properties to ensure leasing rates reflect changing market conditions.
  • Ability to travel


  • Bachelor's Degree in Real Estate, Business, Economics or Finance Preferred
  • 7+ years of experience in commercial real estate or a related field; experience with office and industrial strongly preferred
  • Well versed in real estate finance as well as basic real estate operations, leasing and development concepts
  • Advanced analytical skills, including the proven ability to perform financial modeling using Excel and ARGUS
  • Strong organizational skills and the ability to apply analytical skills with attention to detail
  • Strong written and verbal communication skills
  • Exceptional interpersonal skills and team orientation
  • Highly motivated individual and proven interest in real estate finance
  • Analytically oriented
Mortenson is an EEO/Affirmative Action/M/F/Veteran/Disabled employer #LI-AH1  

Job Function

Not specified


Job Sector

Not specified



7+ to 10 years

This job is no longer active.

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