CIRE Equity is an entrepreneurial, growth-oriented company focused on the creation and preservation of wealth through targeted investments in commercial real estate in the Western United States. We are passionate about real estate, dedicated to hard work, and strive for excellence in everything that we do. We value our employees and aim to create a fun, merit-based environment that encourages hard work, creative thinking, and high-quality performance. We foster persistent improvement and we are seeking like-minded individuals who share our attention to detail and passion for excellence to join our growing team.

What Makes CIRE Special

At CIRE Equity, we want our employees to be successful, and we believe that a large part of success is aligned around our unique core values that form our cultural DNA.

PERSISTENT IMPROVEMENT

Relentless Cultivation of Our Potential 

QUALITY PERFORMANCE 

Executing Beyond Expectations

CREATE OPPORTUNITY

Innovative Thinking to Produce Value

AUTHENTIC COMMUNITY  

Building Relationships Through Sincere Interactions

Beyond technical competencies, we hire team members with emotional intelligence and awareness because we believe that creating a safe space for open sharing and direct feedback leads to higher-functioning teams and resilience in overcoming challenges. We work hard and play harder, celebrating company success as a team.

Purpose of Position

This individual is a core part of the Asset Management Department and is relied on to closely monitor, maintain, and enhance the financial performance of each asset. Specifically, the Senior Asset Manager is expected to perform tasks in all aspects of asset management including acquisitions and dispositions, property leasing, operations and construction management oversight, implementation of value-add initiatives, performance analysis and strategy. An ideal candidate will achieve results through effective management of others, creating efficiency within the department, implementing systems and procedures, will be proactive and will take initiative in our fast-paced, ever-changing environment.

Job Duties/Responsibilities

Acquisition/On-Boarding/Disposition – Serve a key role in the acquisitions and disposition process, including establishing strategy, market analysis, underwriting, due diligence, on-boarding, and execution. Tasks include, but are not limited to:

• Analyze OM, RFPs, BOVs
• Study and analyze market and sub-market dynamics, risk adjusted returns
• Create short term and long-term strategy / business plan for the asset
• Implement leasing, budgeting, capital improvements, and other
• Review and make recommendations regarding debt
• Abstract and understand leases, CC&Rs, and all documents controlling the property
• Manage property-level relationships with tenants, vendors, and all other stakeholders
• Lead the on-boarding or disposition process

Strategy – Work closely with VP of Asset Management to establish, implement, monitor, and adjust the global strategy for each asset and maintain a deep understanding of the performance and trajectory of each asset. Tasks include, but are not limited to:

• Create, present to ET and execute asset-level and portfolio-level business plans and long-term strategy, KPIs to align with company expectations
• Execute on leasing, capital, finance, debt, and operations of each asset
• Build relationships in the market with key players
• Build and maintain strong market knowledge, understanding all dynamics affecting the asset

Leasing – Manage the leasing team and spearhead all leasing/marketing efforts, including, execution of logistics, related to each asset. Tasks include, but are not limited to: 

• Establish and align expectations with the leasing team and internal goals/KPIs
• Evaluate and monitor the performance of the leasing team on an ongoing basis
• Draft, review, and negotiate LOIs and leases, renewals, lease amendments, commission agreements with tenant rep brokers, and other documents up to 5,000 SF
• Screen and qualify potential tenants through background checks, financial data review and tenant interviews
• Prepare financial analysis on lease proposals to present to executive team
• Proactively manage tenant expirations, occupancy, and merchandising on each asset
• Have an in-depth knowledge of the market and competing properties

Property Operations – Oversee all aspects related to operation and performance of each asset. Tasks include, but are not limited to:

• Collaborate with internal and external legal on all asset-related issues
• Collaborate with property management to ensure alignment with budget, strategy, and relationships
• Build relationships with tenants, vendors, and other property owners
• Create and execute annual operating budgets, in conjunction with executive team and property manager(s)
• Perform regular property site visits to ensure proper maintenance and leasibility of assets
• Initiate appeals on property taxes
• Be a key decision maker regarding credit issues and defaults within the portfolio

Lender Compliance – Ensure compliance with all loan covenants is maintained at each property. Tasks include, but are not limited to:

• Coordinate strategy on property refinancing, loan extensions, and loan restructuring
• Understand loan structure and lender requirements
• Manage critical dates and deliverables

Accounting/Financials – Maintain an understanding of the financial condition and performance of each property and proactively identify capital needs or deviations from the business plan. Tasks include, but are not limited to:

• Review monthly financials
• Review and understand any variances on the monthly financials
• Track and review capital expenditures, CIP, and tenant ledgers
• Provide narrative on Proforma variance

Construction Management – Oversee all construction efforts in the portfolio (internal and external) and ensure proper setup, execution, and timely completion with minimal liability to each tenant and/or property. Tasks include, but are not limited to: 

• Coordinate with construction on tenant build-outs, and tenant openings
• Support any entitlement processes
• Work with local municipalities to build relationships
• Familiarize with local laws and future plans impacting the property

This is not intended to be an exhaustive list and additional duties may be assigned.

Reporting Structure

• Position reports directly to: VP of Asset Management

Vital Goals/Performance Measurements

• Coordinate with accounting and property management on tenant build-outs, and tenant openings
• Manage landlord work, including Tenant TI, Build-to-Suits, Capital Improvements, Parcel Splits, etc. is completed on schedule and within budget
• Support any entitlement processes
• Work with local municipalities to build relationships and push through projects
• Familiarize with local laws and future plans impacting the property

Position Competencies

• Self-motivated, inquisitive, and passionate.
• Strong interpersonal and communication skills.
• Highly effective transactional and negotiation skills.
• Strong analytical and strategic skills.
• Ability to solve problems and deal with a variety of variables in unique situations where only limited standardization exists.
• Detail oriented and able to maintain a high quality of work under pressure.
• Ability to read and interpret legal documents such as commercial leases, CC&R’s, listing agreements, management agreements, loan agreements and service contracts.
• Ability to write clear, professional reports and correspondence.
• Excellent grasp of real estate financial statements including profit and loss statements, balance sheets and cash flow statements.
• Highly proficient or capacity to learn real estate finance with ability to perform ad hoc financial analysis and calculate NOI, IRR and ROE.
• Ability to assist in document preparation. 
• Highly proficient in Microsoft Excel. Argus Valuation and MRI experience is a plus.

Vital Work Experience Qualifications

• Bachelor's degree required; preferred concentration in business or finance.
• 3+ years of experience in commercial real estate (retail, industrial, office) with a minimum of a minimum 2 years in commercial real estate asset management.
• Ability to travel 25% of the month across U.S. markets.
• Industrial or Retail real estate experience preferred.

Working Conditions

Environment

The primary working environment is an Indoor Office Setting utilizing computer workstation and general office equipment. The position will sit at their workstation for a significant portion of the work. This position requires travel to various asset locations which can vary in nature and may include industrial, outdoor, or remote sites. Employees are required to comply with all applicable safety provisions as posted on site or briefed by management. This includes use of any required PPE specific to said location.

Physical Requirements

The physical demands of the position are consistent with administrative/clerical work in an office setting and involves extended periods of sitting at a desk, using a computer for typing and data entry, and managing paperwork. It requires fine motor skills for operating a keyboard and mouse, as well as handling and organizing documentation, which may involve lifting, bending, and reaching. Employees also need to walk around the office and job sites for to complete tasks and maintain good visual attention for prolonged periods of reading or screen time.