Asset Manager & Development Associate

Job Title: Asset Manager & Development Associate

Location: 530 Penn Street NE, Washington, DC 20002
Job Type: Full-time
Reports To: Director of Real Estate Development

Job Summary:

The Asset Manager & Development Associate is responsible for overseeing and optimizing a portfolio of real estate assets while also assisting in the development of new projects. This role requires a strong understanding of asset management, financial analysis, real estate development, and project coordination. The ideal candidate will play a key role in maintaining and improving asset performance while contributing to the growth of the organization's development pipeline.

Key Responsibilities:

Asset Management:

• Oversee the financial and operational performance of real estate assets.
• Monitor lease agreements, rental income, and tenant relations.
• Conduct financial analysis and reporting to identify opportunities for value enhancement.
• Work with property management teams to ensure assets are well-maintained and operating efficiently.
• Develop and implement strategies to maximize asset value and investment returns.
• Track and manage capital expenditures and budgeting for assets.
• Create Investor packages to share updates of all properties

Development Assistance:

• Support site selection, feasibility studies, and due diligence processes.
• Assist with project planning, scheduling, and coordination.
• Collaborate with architects, engineers, and consultants to advance development projects.
• Conduct financial modeling and pro forma analysis for new developments.
• Assist in securing entitlements, permits, and approvals for development projects.
• Support financing efforts, including preparing materials for investors and lenders.

Qualifications:

• Bachelor's degree in Real Estate, Finance, Business, or a related field.
• 3+ years of experience in asset management, real estate development, or related fields.
• Strong financial modeling and analysis skills.
• Knowledge of real estate markets, valuation, and investment strategies.
• Experience with property management and lease negotiations.
• Strong project management and organizational skills.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Excel, financial modeling software, and real estate databases.

Preferred Qualifications:

• Master's degree in Real Estate, Finance, or Business Administration (MBA).
• Experience working with mixed-use, commercial, or residential real estate portfolios.
• Familiarity with development processes, zoning laws, and permitting.

Compensation & Benefits:

• Base Salary: $70,000
• Performance-based bonuses.
• Free medical, dental, and vision insurance for the employee. 75% cost sharing for family coverage including a domestic partner and HSA contributions.
• Tuition reimbursement, student loan repayment, 401k matching.
• 20 days of PTO/year, 7 sick days/year, flexible working arrangements, the latest technology and tools to do your best work.
• Opportunity to make an impact on a diverse team with decades of professional experience.