Senior Asset Manager

San Diego, CA

Job Title: Senior Asset Manager

Date: September 2017

CIRE Equity is an entrepreneurial company focused on the creation and preservation of wealth through targeted investments in commercial real estate in the Western United States.

We are passionate about real estate, dedicated to hard work and strive for excellence in everything that we do. We aim to create an environment that encourages our employees to work hard, think creatively and excel. We value performance based on results and quality of work instead of the number of hours put in behind a desk or tenure. We are seeking like-minded individuals who share our attention to detail and passion for excellence to join our growing team.


Senior Asset Manager


CIRE Equity – San Diego, CA




Credit/Default – Proactively manage credit issues and administer the resolution of all defaults within the portfolio. Tasks include, but are not limited to:

Review A/R monthly
Make decisions on delinquent tenants and follow through the default process with the Property Manager
Approve default notices
Engage Attorney and prepare judgment documents
Assist in the negotiation of settlements/judgments

Lender Compliance – Ensure compliance with all loan covenants is maintained at each property. Tasks include, but are not limited to:

Understand loan structure and lender requirements
Manage critical dates and deliverables
Ensure compliance with partnership and loan covenants
Ensure leases obtain lender approval if applicable

Accounting/Financials – Maintain an understanding of the financial condition and performance of each property and proactively identify capital needs or deviations from the business plan. Tasks include, but are not limited to:

Review monthly financials
Review and understand any variances on the monthly financials
Provide narrative on Proforma variance

Investor Relations/Reporting – Assist the investor relations department with all investor correspondence. Tasks include, but are not limited to:

Providing updates on projects
Review quarterly investor letters
Completing the quarterly report template with asset management activity for the quarter

Construction Management – Monitor all ongoing construction projects within the portfolio (internal and external) and ensure proper setup, execution, and timely completion with minimal liability to each tenant and/or property. Tasks include, but are not limited to:

Oversee Property Management’s execution of Landlord work, including Tenant TI, Build-to-Suits, Capital Improvements, Parcel Splits, etc. is completed on schedule and within budget
Manage entitlement process
Work with local municipalities to build relationships and push through projects


Acquisition/On-Boarding/Disposition – Assist the acquisition department and executive team in the acquisition, on-boarding and disposition of assets. Tasks include, but are not limited to:

Aid Project Manager in due diligence process
Aid VP of Asset Management for any tasks as assigned
Manage and complete post-closing items
Manage on-boarding checklist tasks
Interview and input on the hiring of a leasing team
Complete onsite inspections
Review lease abstracts, CC&R's and other property specific documents
Review leasing assumptions and input on local market knowledge
Manage and complete disposition checklist tasks assigned

Strategy – Work closely with the executive team to implement, monitor and adjust the global strategy for each asset and maintain a deep understanding of the performance and trajectory of each asset. Tasks include, but are not limited to:

Implement strategy determined by the executive team and make recommendations throughout the life of the asset if directions need to shift
Oversee capital improvements strategy and budget
Monitor ongoing strategic direction and identify potential issues
Quarterly review of distributions
Deep understanding of leases, CC&R’s and all documents controlling the property
Strong market knowledge and factors that could influence the performance of the asset

Leasing – Manage the leasing team and spearhead all leasing/marketing efforts, including, execution of logistics, related to each asset. Tasks include, but are not limited to:

Manage leasing team and check-in regularly on activity
Identifying and managing critical deadlines
Run Lease Analysis on lease proposals
Lease negotiations and reviews
Strategy and implementation of lease renewals
Respond to lease proposals in a timely manner
Screen potential tenants through background checks, financial data review and tenant interviews
Draft new leases and amendments
Ensure accuracy of lease abstracts into accounting software
Have an in-depth knowledge of the market and competing properties
Monitor property rent rolls and proactively manage upcoming lease expirations

Property Operations – Oversee all aspects related to operation and performance of each asset. Tasks include, but are not limited to:

Oversee property manager to ensure the upkeep of the property
Build relationships with existing tenants
Identify immediate repairs and oversee if delegated to Property Manager
Obtain bids for repairs and maintenance
Perform regular property site visits to ensure proper maintenance of assets
Create annual operating budgets, in conjunction with executive team and property manager(s)
Ensure properties are operating within annual budgets


Maintain and enhance the value of assets under management
Exercise of strong leadership and supervisory skills in the management of leasing teams, property management teams, contractors and property vendors
Closely monitor asset performance, distill key indicators and present asset summaries to executive team
Proactively identify asset level and market level risks and communicate potential solutions to executive team
Analyze effectiveness of property specific business plans and make recommendations for improvement to executive team


Self-motivated, inquisitive and passionate
Strong emotional intelligence which includes self-awareness, self-management, social awareness and social management
Highly effective transactional and negotiation skills
Strong analytical and strategic skills
Ability to solve problems and deal with a variety of variables in unique situations where only limited standardization exists
Detail oriented and able to maintain a high quality of work under pressure
Ability to read and interpret legal documents such as commercial leases, CC&R’s, listing agreements, management agreements, loan agreements and service contracts
Ability to write clear, professional reports and correspondence
Excellent grasp of real estate financial statements including profit and loss statements, balance sheets and cash flow statements
Highly proficient in real estate finance with ability to perform ad hoc financial analysis and calculate NOI, IRR and ROE
Ability to analyze and structure prospective leases, calculate lease yields and returns, and perform pro forma comparisons
Highly proficient in Microsoft Excel. Argus Valuation and MRI experience is a plus


Bachelor's degree required; preferred concentration in business or finance
4+ years of experience in commercial (retail, industrial, office) real estate with a minimum of 3 years in commercial asset management
Financial analysis experience preferred
Ability to travel 25% of the month to multiple states