Asset Manager

Foundation Capital Partners is currently seeking to hire an Asset Manager with a minimum of 4+ year asset management experience to support the firm in all disciplines of real estate investment, including acquisitions/dispositions, leasing, construction, property management, debt financing, cash flow and financial analysis and reporting. The role requires an in-depth knowledge of financial concepts and rigorous attention to detail.

Essential Functions:

• Manage daily operation of properties which includes overseeing the property managers in the preparation of budgets, resolving property management matters, and participating in periodic operations and leasing calls.

• Review monthly property management reports to identify, follow-up with, and resolve financial and operational issues.

• Prepare/review analyses, reports, and packages to comply with loan document and operating agreement requirements, including debt service coverage ratio calculations, construction draw requests, and quarterly/annual borrower financial reporting packages.

• Oversee various property-related matters, such as reviewing tenant reimbursement calculations, overseeing the real estate tax appeal process, and other matters.

• Prepare various quarterly asset management reports and write-ups for management, and investors, and fund vehicles. Such reports contain market and financial reporting and analyses and investment strategy recommendations.

• Cash flow and financial modeling, including determination of property net cash flow, property valuation, hold/sell analyses, investor IRR, and partner cash distributions and promotes.

• Read, understand, interpret, and abstract legal documents including loan documents, tenant leases, operating agreements, and service contracts.

• Participate in and manage tenant lease negotiations.

• Point of contact for lenders, investors, tenants, property managers, and vendors.

• Support the due diligence process for dispositions and debt financing transactions, which includes coordinating with various parties to obtain, review, and assemble the due diligence documentation to be provided, proactively communicating and following up with the various parties to ensure that due diligence deliverables are being completed in a timely manner, reviewing third-party reports and loan documents, and ensuring the closing occurs in a timely manner.

• Interface with architects, engineers and contractors for capital improvement and development projects.

Qualifications:

• Bachelor’s degree required.

• 4-7 years of work experience in real estate asset management.

• Strong proficiency in Excel and knowledge of Argus preferred.

• Excellent communication, writing/composition, and interpersonal skills.

• Highly analytical and organized, with extreme attention to detail. 

• Ability to organize, multi-task, prioritize, think critically and proactively, and thrive in a fast-paced and entrepreneurial environment.

Compensation:

Competitive base salary, plus annual bonus, benefits package and opportunity for participation in carried interest