VP Asset Management – Storage
Harrison Street
full-time
Posted on:
Location Type: Hybrid
Location: Chicago • Illinois • United States
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Salary
💰 $175,000 - $250,000 per year
Job Level
About the role
- Manage relationships with existing operating partners and third-party property managers
- Source, coordinate, and close all property refinancings
- Establish and communicate internal hold/sell recommendations
- Oversee asset dispositions, including presenting the transaction to investment committee, selecting a broker, negotiating the purchase contract, and facilitating the due diligence and closing processes
- Formulate property-level strategy, budgets, and capital improvement plans
- Determine and implement value preservation strategies, including the preparation of capital call memorandums as necessary
- Assist transactions colleagues in the underwriting of new investments as well as new operating partners or property managers
- Analyze and monitor property financial performance and debt covenant compliance
- Alongside construction consultants, monitor schedules, budgets, and draws for new developments and ensure compliance with the relevant governing documents
- Review and approve third-party appraisal reports and complete periodic internal valuations and re-underwriting processes
- Actively mentor, train, and guide the career development of more junior professionals on the team.
Requirements
- Bachelor’s degree (real estate and finance concentrations preferred)
- 10+ years of relevant experience in commercial real estate investment roles: within Digital and Data Centers
- Core knowledge of real estate investment and finance principles, as well as a working understanding of real estate accounting
- Strong written and verbal communication skills
- Ability to draw conclusions from research and data analysis and communicate them concisely and effectively
- Thorough understanding of business software (Excel at minimum - Argus preferred)
- This position requires frequent travel to visit properties, property managers, and operating partners.
Benefits
- discretionary bonus
- comprehensive range of benefits including medical, financial, and wellness programs designed to support employees professionally and personally
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
real estate investmentfinance principlesreal estate accountingdata analysisproperty financial performance analysiscapital improvement planningunderwritingnegotiationdue diligencevalue preservation strategies
Soft Skills
communication skillsmentoringteam leadershipanalytical thinkingstrategic planningrelationship managementproblem-solvingpresentation skillscollaborationcareer development guidance
Certifications
Bachelor’s degree in real estateBachelor’s degree in finance