PGIM Real Estate is the global real estate investment business of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $69.0 billion ($50.5 billion net) as of September 30, 2017
PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies. For more information, please visit http://www.pgimrealestate.com.
PGIM Real Estate currently has an outstanding career opportunity for an Assistant Vice President level Asset Manager working on behalf of the core plus real estate investment funds. The role entails directing partners, property managers and leasing brokers on a portfolio of west coast assets that are in a joint venture or wholly-owned. These investments currently include office, retail and residential properties that have different risk profiles that range from core to value add. The ideal candidate will be required to manage both operating assets as well as development projects, including: construction, lease-up, financing, and closing newly completed developments. The asset manager will work in concert with the national disposition team to sell stabilized properties. This position is based in San Francisco, CA and reports to a Vice President located in the region.
Duties & Responsibilities:
Provide general management and strategic direction for a diversified portfolio of properties. This includes frequent contact with property managers, operating partners or leasing brokers
Review final documentation to close into transactions upon completion of construction
Meet with management to set up initial leasing/opening strategies. Establish ongoing processes with leasing and property managers to monitor asset performance
Negotiate contracts with property management and leasing firms. Negotiate leases as appropriate
Oversee the budget process and preparation of the annual strategic plan for each property
Prepare analyses of various investment decisions - leasing; financing; acquisition; hold/sell
Review quarterly appraisals for factual accuracy and consistency with other similar properties