Retail Asset Manager

San Francisco, CA, United States

** Retail Asset Manager**

**Job Category****:** Asset Management **Requisition Number****:** RETAI001582 Showing 1 location **Job Details**

**Description**

**Carmel Partners**, one of the nations highest-performing private equity real estate investment firms specializing in the investment, development, and construction of world-class multi-family projects is seeking an **Asset Manager (Retail)** with experience in real estate investment management and commercial and retail lease fulfillment.

You will oversee and coordinate with our third-party Retail Leasing Manager (RLM), our in-house Retail Construction Manager (RCM) who oversees retail space delivery condition and tenant improvement construction our in-house marketing team, and third-party Retail Property Managers (RPMs) to execute real estate actions outlined within commercial real estate leases. You will work in tandem with our Residential Asset Managers, leading negotiations and interfacing with brokers, consultants, and retail tenants.

**A place for you**

Here at Carmel, we dont just invest in buildings, we invest in careers. If you dont meet every qualification listed in this job posting, we encourage you to apply anyway. We are building diverse teams of unique talent and strongly encourage people from underrepresented groups to apply. Everyone takes their own path to get here. Join us!

**What youll do**

* Lead leasing of newly constructed, first generation spaces and lease renewals with the Retail Leasing Manager and Retail Property Manager

* Ensure delivery condition complies with lease Work Letter with Retail Construction Manager

* Manage the completion of tenant improvements with Retail Construction Manager coordinating payment of tenant improvement allowance to tenants, either from Job Cost or Operations teams

* Work with the Marketing team to create and execute the marketing plan from pre-leasing through stabilization and operating of the retail component of the asset

* Work with our Development and Investment teams, Retail Leasing Manager, and Construction group to underwrite new acquisitions and development opportunities, coordinate with Legal and Accounting teams regarding any lease amendments

* Prepare regular retail portfolio status and performance reports for our Head of Asset Management and senior management, and present quarterly asset reviews, asset level business plans, forecasts, and budgets alongside Asset Management teams to show asset performance

* Identify and select third-party retail property management firms who will manage the day-to-day leasing, repair and maintenance, tenant services and act as a liaison for our investors.

**About You**

You understand the importance of building effective relationships, including with stakeholders within and outside of the company. You keep a cool head while managing multiple projects under time and other constraints. Youre a pro at communicating on and off the page, and your attention to detail is on point. Curiosity is a driving force behind your ability to solve problems, and you always maintain a positive attitude. Youll bring:

* Bachelors degree in Business or Finance, MBA desired

* 5+ years real estate investment management experience, retail/commercial leasing experience

* Multifamily experience strongly preferred

* Excellent interpersonal skills to work successfully with a range of stakeholders including regional employees, vendor and client staff, executive leadership, and external customers

* Strong understanding of real estate valuation processes

* Underwriting experience

* Understanding of property appraisal process

**Hiring during COVID-19:**

* Employees in this position must be fully vaccinated against COVID-19 prior to their start date and must remain fully vaccinated throughout employment, including via receipt of booster doses as recommended by federal, state, and/or local health authorities, unless an accommodation is granted for medical or religious reasons in accordance with applicable law.

* Many of our corporate recruiting and onboarding activities are virtual during the pandemic via Zoom, as we are working in a hybrid work-from-home/office environment until further notice.

**Compensation and Benefits**

Compensation and Benefits play a key role in your choice of employer, and our goal is to invest in you and your experience here. Youll find a competitive compensation and comprehensive benefits package at Carmel.

**Choose Carmel**

**Carmel Partners** is a well-capitalized private real estate firm with expertise in the investment and development of multi-family real estate. Our mission is to build and enhance high-quality communities using innovative ideas and solutions that create value for our investors, residents, and employees.

Founded in 1996, Carmel Partners is one of the nations leading specialists in real estate investment management, focusing on U.S. multifamily development and construction, and opportunistically, debt. Carmel seeks superior risk-adjusted returns across varying market cycles, executed through its vertically integrated platform in supply-constrained, high barrier-to-entry markets in the U.S.

Since the firms founding, Carmel has bought and renovated or developed or is in the process of renovating or developing, more than 43,000 apartment units with an estimated value in excess of $13.5 billion. Headquartered in San Francisco, Carmel has offices in Los Angeles, New York, Seattle, Denver, and Washington, D.C.

**DEI Statement**

At Carmel Partners, we are committed to fostering a diverse and inclusive workforce rooted in a culture of mutual respect. We believe our differences enable us to thrivewelcoming each others varied points of view is key to both our individual satisfaction and engagement and to the firms long-term success.

**Qualifications**

**Skills**

**Behaviors**

**:**

**Motivations**

**:**

**Education**

**Experience**

**Licenses & Certifications**

#J-18808-Ljbffr