Asset & Project Manager - Commercial Real Estate

Precision InvestmentsPlano, TX, US

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Job Description

POSITION OVERVIEW

The Asset & Project Manager is involved in every aspect of our shopping center portfolio. Core responsibilities include completing projects related to acquisitions, dispositions, and asset management of shopping centers, as well as projects related to company improvement.

This candidate needs to be highly capable of problem-solving and managing many projects, with shifting priority levels and a high degree of ambiguity, in a fast-paced environment. The ideal candidate is thorough, accountable, coachable, organized, detail-oriented, assertive, and persistent. Also, a self-starter with excellent business communication skills, happy to work independently, and willing to adapt to new technologies in an effort to enhance position and company efficiencies.

The ideal candidate has a commercial real estate background and possesses a thorough understanding of how real estate project cycles flow from acquisition to disposition.

ESSENTIAL DUTIES & RESPONSIBILITIES

Asset & Project Management

Lead and organize weekly internal asset management meetings, ensuring clear accountability, timelines, and task completion across the team
Support the leasing process by managing and completing the new lease checklists
Assist with developing and monitoring property-level budgets and project scopes / timelines
Manage property improvement projects from concept to completion while ensuring timely and cost-effective execution; track performance and report on progress
Analyze and monitor property financials, rent rolls, capital plans, and variances against budget
Proactively identify value-enhancing opportunities (e.g. site improvements, signage upgrades, etc.)
Identify, pursue, and secure incentive funding opportunities (e.g. EDC funding)
Conduct regular property site visits to assess condition, execution of projects, and recommendations

Acquisition / Disposition Support

Support the acquisition process from LOI through closing by managing due diligence checklists and timelines, assisting with underwriting, third-party vendor coordination, obtaining debt and equity, closing coordination, etc.

Order, track and manage third-party reports including surveys, inspections, zoning reports, environmental assessments, and other required diligence items

Coordinate with municipal departments to investigate and resolve pre-existing code violations, confirm zoning compliance, and assess permitting / approval requirements for planned improvement projects

Lead the preparation of investment offering packages for prospective investors and lenders

Work closely with the title company, lender and attorneys to review commitments, closing documents, resolve exceptions, and ensure a smooth closing

Review leases, tenant estoppels, property financials, REA’s and other materials

Investor & Lender Reporting

Write and prepare quarterly update reports of each property for existing investors, summarizing leasing activity, capex / project status, and market commentary

Prepare periodic lender reporting packages, including operating statements, rent rolls, budgets, leasing updates, and capital expenditure summaries

Monitor loan compliance and assist with requests related to reserve draws, DSCR tests, etc.

Support refinancing or loan modification efforts by contributing property-level data, business plan updates, and supporting documentation

Document Prep & Support

Prepare drafts of transaction related documents by filling in designated areas (e.g., leases, amendments, purchase agreements, etc.)

Internal Operations & Process Improvement

Skim industry news headlines / articles and send a weekly email to the internal team with relevant news

Oversee implementation and team-wide integration of HubSpot (operating software)

Identify opportunities to improve quality and services, and implement new systems or technology tools to enhance team efficiency, communication, and data management

QUALIFICATIONS & REQUIREMENTS

Minimum of 3 years of relevant experience in a fast-paced environment connected with commercial real estate is preferred. Relevant experience may include working for a commercial real estate lender, title company, broker, property manager, or landlord.

Highly capable of problem-solving while managing many projects

Comfortable in a fast-paced work environment where shifting priority levels, a high degree of ambiguity and a strong sense of urgency are essential for effective performance

Self-starter with the ability to work independently while being a part of a team culture

Thorough, accountable, coachable, organized, detail-oriented, assertive, and persistent

Excellent business communication skills. Ability to read, write, analyze and comprehend instructions, routine business correspondence, and due diligence documents

Willing to utilize and adapt to new technologies in an effort to enhance company efficiencies

Understands concepts and terminology of commercial leases, loans, title, real estate contracts, and regular industry jargon

Hands-on experience with project management software

Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint, etc.)

Willing to put in the extra hours when needed, but also enjoy the shorter hours when available

To Apply : Please complete the Culture Index Applicant Survey : https : / / go.cultureindex.com / p / 7xSMTBEjlslzo

Company Description

Precision Investments is a fast-growing commercial real estate investment firm passionate about the acquisition and value enhancement of shopping centers in Texas. We have had tremendous results transforming underperforming properties with our first 12 acquisitions (totaling over 300,000 square feet with over 120 tenants). https : / / precisioninvestments.com /

Company Description

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Project Manager Real Estate • Plano, TX, US