Location: Boston or South Florida
Company Overview:
Our client is a Boston based vertically integrated private equity real estate firm with experience in acquiring and operating infill logistics assets and neighborhood shopping centers in major U.S. markets. The business chooses their investments and value creation strategy based on an analytical process that incorporates key drivers impacting the global supply chain, demographic shifts, and consumer spending patterns. Their investment strategy is focused within tier one high-potential target markets selected based on their extensive operating experience as well as their proprietary elite market selection framework.
Position Overview:
Our client is seeking a Retail Asset Manager to join the team. The Retail Asset Manager is responsible for maximizing the value and performance of a portfolio of retail real estate assets through strategic planning, financial oversight, and operational execution. This role will oversee all aspects of asset performance, including leasing strategy, capital improvements, budgeting, and property management. This position will work cross-functionally with internal teams, such as property management, construction, and finance, as well as external partners and vendors, to ensure assets are positioned for long-term success in line with ownership objectives.
Responsibilities:
• Lead asset strategy for retail investments with the goal of maximizing asset values predominantly throughout the Sun Belt.
• Develop and implement property-specific value enhancement plans, assess operating performance versus business plans and retail industry benchmarks, and evaluate capital investments to drive NOI and asset appreciation.
• Oversee the lease-up and re-tenanting of new and existing retail developments, ensuring optimal tenant mix and alignment with market demand.
• Manage and collaborate with internal retail property management teams; conduct regular site visits to ensure operational excellence, adherence to brand standards, and proactive risk management.
• Lead the annual budgeting process and business plan development for each asset; oversee operating budgets, control expenditures, and communicate any material variances or unbudgeted impacts.
• Collaborate with the Acquisitions team on retail acquisitions, redevelopments, and dispositions, providing input on asset strategy and long-term positioning.
• Manage investor and partner relationships by delivering tailored reporting, conducting property tours, and communicating asset performance updates in coordination with property management and finance.
• Conduct hold/sell analyses and long-term strategic assessments for each retail property to guide decision-making and capital deployment.
• Collaborate cross-functionally with internal teams including property management, marketing, construction, legal, finance, and senior leadership to ensure alignment and execution of business goals.
• Assist with the overall direction of property operations, pricing, capital investment, and assessment and strategy related to market conditions and asset positioning.
• Effective, 360 degree written and verbal communication with property staff, internal and external funds management and administration.
Qualifications:
• Minimum of 5 years’ experience in retail asset management.
• Ideally 5-10 years of experience in asset management.
• Strong working knowledge of property management operations, vendor oversight, and retail marketing strategies.
• Knowledgeable and experienced in commercial lease negotiations.
• Excellent leadership and communication skills; ability to influence without direct authority.
• Candidates MUST have excellent analytical skills.
• Proficiency with Excel models, experience with ARGUS, cash flow modeling, valuations, and underwriting.
• Must be self-motivated, critical thinker, enthusiastic, inquisitive, detail oriented.
• Strong attention to detail.
• Ability to travel on a monthly basis is required.
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