Senior Asset Manager

BH PropertiesSeattle, Washington, United StatesOnsite

SENIOR ASSET MANAGER – SEATTLE, WA

www.bhproperties.com

COMPANY

BH Properties is a privately held commercial real estate investment firm focused on value-add acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and is able to acquire and close transactions without the need for lengthy due diligence periods. Our 31-year track-record and balance sheet allow us to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. Today, the Company owns and operates approximately 10M square feet across 18 states.

POSITION

The Senior Asset Manager will be primarily responsible for a portfolio of Company owned assets throughout the greater Pacific Northwest along with participating in future acquisitions the Company may be considering. The successful candidate will have worked in a principal-based environment with an investor acumen approach to maximizing cash flow and increasing value with an emphasis on both office and retail properties. Demonstrated operational experience in managing retail and office properties along with representing the Company in a ‘front facing’ role within the community is integral.The role is highly visible, both internally and externally, requiring skills and experience in leadership, management, and communication.

LOCATION

Seattle, WA

REPORTING

Executive Managing Director of Operations and President

RESPONSIBILITIES

Maximize the total return through implementing operational efficiencies and identifying value-add and revenue enhancement strategies.
Work closely with third party property managers, leasing agents, brokers, consultants, and attorneys to provide direction for, and oversight of, business plans, annual budgets, lease analysis and approvals.
Participate in scaling the organization to accommodate growth.
Actively participate in the negotiation of new leases and renewals both in-house and through third party leasing brokers.
Perform routine property inspections to ensure property and vacant suites are show-ready.
Maintain and expand relationships with our existing tenants and develop relationships with new prospective tenants.
Prepare monthly, quarterly, and annual portfolio reporting for review by the company’s senior management team.
Negotiate third party contracts and oversee implementation of capital improvement and ‘value-add' projects.
Work with the financial analyst staff to perform valuations on a quarterly and annual basis.
Manage the capital improvement strategies and processes, including oversight of construction management activities.
Perform ad-hoc analysis of potential issues while developing strategies to manage conflicts.
Monitor regional economic and investment trends to identify changes that could impact real estate values and strategy.
Work collaboratively with Company acquisition team members in evaluating potential investments and opportunities.

KNOWLEDGE / SKILL REQUIREMENTS

Bachelor’s degree in finance, business administration, or related field with a strong record of academic achievement; graduate degree preferred.
The candidate will likely have had a minimum of 7-10+ years of commercial real estate asset management, principal-based leasing, and/or related experience with a strong background in urban retail centers and office properties.
Experienced in financial analysis, understanding of asset level financial statements, and possess a demonstrated level of experience in lease management and metrics.
Knowledge of real estate accounting combined with strong analytical skills.
Knowledge of design and construction process.
Experienced in Yardi, MS Office 365 (MS Teams & other applications), MS Excel, Argus is a plus.
Must be highly organized, detail oriented, and able to manage multiple and concurrent projects to achieve goals.
Comfortable in a collaborative team-oriented environment.
Exceptional communication and interpersonal skills.
20% Travel

COMPENSATION

$175,000 – $200,000 BaseWe offer an excellent compensation package along with a chance to grow and develop with a well-capitalized, privately held, entrepreneurial investment group understanding that it is not just a job, but a career. For immediate consideration please submit your resume with salary requirements. Resumes submitted with salary requirements will be considered a priority.

Life at BH Properties

BH Properties executes an aggressive acquisition strategy that focuses on under-performing properties and select secondary markets with optimal growth potential. The firm’s current portfolio is valued at more than $480 million and comprises more than 6 million square feet of retail, office and industrial properties. BH Properties expects to grow its portfolio to $650 million in value by the end of 2008 by continuing to purchase and reposition lucrative properties that do no not comply with institutional buyers’ acquisition criteria.

Thrive Here & What We ValuePrivately held commercial real estate investment firm focused on value-add acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. | Vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and able to acquire and close transactions without the need for lengthy due diligence periods. | 31-year track record and balance sheet allow them to move quickly and creatively, structuring acquisitions to satisfy sellers’ needs in a highly competitive market. | Owns and operates approximately 10M square feet across 18 states.</s> | BH Properties is a privately held commercial real estate investment firm focused on valueadd acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and is able to acquire and close transactions without the need for lengthy due diligence periods. BH Properties has a 31-year track-record and balance sheet that allows them to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. Today, the Company owns and operates approximately 10M square feet across 18 states.</s> | 1. Privately held commercial real estate investment firm focused on valueadd acquisitions. | 2. Vertically integrated with offices in multiple locations throughout the Western United States. | 3. Able to acquire and close transactions without lengthy due diligence periods. | 4. Strong track record and balance sheet allow for quick and creative structuring of acquisitions. | 5. Emphasis on maximizing cash flow and increasing value, particularly in office properties.</s> | 1. Entrepreneurial investment group with a wellcapitalized balance sheet. | 3. 31year track-record allows for quick and creative structuring of acquisitions to satisfy seller needs in a highly competitive market. | 4. The company owns and manages approximately 10 million square feet across 18 states.</s> | 1. Privately held commercial real estate investment firm focused on valueadd acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States, along with investments in distressed debt and ground leases. | 2. Vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and is able to acquire and close transactions without the need for lengthy due diligence periods. | 3. 30year track-record and balance sheet allow us to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. | 4. Owns and operates approximately 10M square feet across 18 states.</s> | 31-year track-record and balance sheet allow them to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. | 3. Ability to acquire and close transactions without lengthy due diligence periods | 4. 31year track-record and balance sheet allow for quick and creative structuring of acquisitions | 5. Emphasis on maximizing cash flow and increasing value with an investor acumen approach.</s> | 1. Entrepreneurial and growing investment group | 2. Generous and comprehensive compensation & benefits package | 3. Opportunity for professional growth and development</s> | 1. Entrepreneurial Environment | 2. Fastpaced Work Style | 3. Teamoriented | 4. Strong Capitalization Strategy | 5. External Relationships</s> | 1. Privately held commercial real estate investment firm focused on valueadd acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States. | 2. Vertically integrated with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston. | 3. Able to acquire and close transactions without the need for lengthy due diligence periods. | 4. 31year track-record and balance sheet allow them to move quickly and creatively, structuring acquisitions to satisfy seller needs in a highly competitive market. | 5. Owns and operates approximately 10M square feet across 18 states.</s> | 1. Fastpaced and goal-oriented environment | 2. Wellcapitalized, privately held, entrepreneurial investment group | 3. Opportunity for growth and development</s> | Opportunity for professional growth and development within a well-capitalized, entrepreneurial, and growing real estate investment group.</s> | 1. Entrepreneurial and Growing Real Estate Investment Group | 2. WellCapitalized Company | 3. FastPaced Environment | 4. Professional Growth and Development Opportunities</s> | Well-capitalized</s> | 14. Entrepreneurial Investment Group | 15. WellCapitalized | 16. Exciting Opportunity for Growth and Development</s> | 3. WellCapitalized and Entrepreneurial Investment Group | 4. Focus on Markets Throughout the Western United States</s> | 2. Growing Real Estate Investment Group | 4. FastPaced Environment | 5. Professional Growth and Development Opportunities</s>

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