Asset Manager

Remote
$110,000-130,000

Job Description

Our client is a real estate investment trust (REIT) focused on healthcare properties in the long-term care industry. It is their mission to provide premier healthcare properties and operational experience to drive sustainable outcomes for their partners.  They provide strength and stability to partner with our tenants through the evolving healthcare landscape.

Position Overview:

As an Asset Manager, you will play a vital role in the expansion and development of our long-term care portfolio. Working with a tenured executive management team, your primary responsibilities will include overseeing triple net leasing relationships with our healthcare partners, providing analytical support to management to enhance and protect asset value, and working to maximize portfolio optimization through improvement in operations, dispositions, or repositioning of the real estate. This position will require a highly motivated self-starter who is collaborative, analytical, and has an interest in real estate.

Responsibilities:

  • Develop an understanding of the assets in the real estate portfolio, including operational and financial performance and any needed enhancements in the physical plant
  • Gather, compile, and analyze healthcare market conditions, economic and capital trends and other factors impacting the performance of the portfolio for strategic investment to improve the assets for the benefit of the patients and employees
  • Prepare and maintain monthly/quarterly reports on asset performance for management, investors, and ownership (includes tenant level and portfolio level analytics regarding operational performance and key metrics)
  • Assist management with the implementation of key strategies, including income and expense budgeting/forecasting, leasing plan, and capital improvement budget
  • Prepare financial analysis and modeling for asset evaluation (operational review of current and past financial data for each tenant and propose, implement, and monitor solutions for under-performing assets)
  • Perform quarterly business reviews with the management teams of our various healthcare partners
  • Assist with researching and identifying new healthcare operators/tenants upon expiration of an existing lease; includes
    •  working with investment bankers and outside legal counsel
    • Assist with loan documents and purchase and sale agreements
    • Manage all aspects of the acquisition of new assets, including identifying/sourcing, underwriting, due diligence, and closing of transactions
    • Ensure all lease compliance requirements are being met for the assigned portfolio assets
    • Conduct periodic site visits to review physical condition and evaluate and explore opportunities for asset improvements
    • Develop clear, concise written summaries of analytical work in presentation format
    • Perform other research and analyses as required

Qualifications:

· Bachelor’s Degree in Finance, Accounting, Business, Marketing or Real Estate
· Experience working in healthcare is required
· Background in Real Estate Management preferred
· Ability to travel on a flexible schedule (25%)
· Must be capable of maintaining regular attendance
· Excellent analytical and financial modeling skills
· Experience in reviewing and analyzing lease documents, inter-creditor documents, etc.
· Strategic thinker capable of evaluating shareholder value
· Proficient in Excel, Word, PowerPoint, PDF
· Knowledge of Enterprise Resource Planning (ERP) systems and related technologies
· Excellent time management and organization abilities and require little supervision
· Must be detail-oriented, highly motivated, and possess effective verbal and written communication skills

Salary and Benefits:

Base Salary Range: $110,000-130,000
Benefits: Fully paid healthcare for the whole family, company paid life insurance, 401K matching, profit sharing, unlimited PTO
Bonus:  discretionary incentive annual bonus

​​​​​​​Match Point Recruiting is an executive recruiting firm in Bentonville, Arkansas.

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