Vice President, Asset Management Dividend Capital Total Realty ...

Company Description

Based in Denver, Dividend Capital Total Realty Trust (?TRT? or the ?Company?) is a non-traded real estate investment trust (REIT) that is designed to invest in a diversified portfolio of institutional-quality real estate assets (office, retail, and industrial). As of January 1, 2012, TRT has invested approximately $3.0 billion dollars in direct real estate, real estate debt and other commercial real estate investments which include approximately 100 properties in 31 geographic markets and has a substantial budget for new investments in 2012 and beyond.

TRT is supported by parent company, Black Creek Group (?Black Creek? or the ?Advisor?).? Black Creek Group is an innovative real estate private equity firm focused on creating and managing unique real estate operating companies. Unlike financiers who strictly raise and allocate capital, Black Creek is a complete real estate venture operator involved in every facet of the identification, development, financing and operations of a diverse range of real estate opportunities.

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Position Summary

This position will work within the Asset Management Group; operating and reporting on a growing portfolio.

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Essential Duties

• Acting as the key partner in the management of joint venture relationships with major strategic partners focused on a subset of portfolio of assets, including office, retail and industrial assets.
• Accountable for all leasing and marketing responsibilities assigned to all of the assets, including the oversight of all third party leasing, property management, and vendor relationships supporting the assets.
• Responsible for all capital expenditures within the portfolio, including oversight of, and guidance to, all third party construction managers.
• Directly managing and executing the annual budget process.? This includes overseeing the timeline, preparation and completion of annual business plans, including revenue and expense budgets, marketing plans, and valuation models.
• Conducting formal reviews of due diligence efforts performed during the acquisition phase: specifically, tenant interviews, tenant estoppels, underwriting assumptions (market rent, lease up timing, leasing costs, and capital improvements) and third party reports (environmental and engineering reports) for future acquisitions.
• Performing Argus and Excel based financial analysis (with an asset management focus).
• Working directly with senior management to ensure all leases are financially structured to maximize profitability while minimizing risk through financial modeling and analysis relative to underwriting, budget and market conditions.? Such analysis includes the comprehensive review of client financial statements including PLs, balance sheets and statements of cash flows.
• Responsible for accuracy and timeliness of management reporting on the portfolio: review of monthly third party reports as well as assisting in the compilation of internal asset management portfolio reports.
• Maintaining and applying strong local market knowledge (i.e., competition, supply pipeline, demand drivers, major tenants, market absorption).
• Conducting ongoing, quarterly property and portfolio level occupancy and NOI re-forecasts.
• Working directly with asset management in the disposition of existing assets within the portfolio.
• Responsible for working with the disposition team on the sale of any of the assets, including valuations of the assets, creation of a due diligence website and collection of any documents pertinent to the sale (i.e. estoppels, etc.).

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Required Knowledge, Skills and Abilities

Position requires a Bachelor?s Degree; MBA preferred. A minimum of 15 years direct experience in real estate asset management required, with additional experience in the operations, finance, or transactional real estate, preferably with an owner or operator. Experience with multiple real estate product types (i.e., office, retail, industrial, multi-family) preferred, with an emphasis in the retail space (or industrial). Operational and leasing background preferred, including disposition experience. Demonstrated financial analysis and budgeting skills, including Argus and Excel applications required. Team-oriented individual with strong verbal and written communication skills who is comfortable working in a very entrepreneurial environment required. Demonstrated ability to effectively manage transactional details required. Ability to effectively manage internal and external relationships required. Ability to travel 25%-40% domestically required.

Source: http://www.selectleaders.com/candidate/viewjobdetails.do?jid=24009

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