Vice President – Asset Management

Vice President- Asset Management

Summit Real Estate Group is an independent, partner-led commercial real estate company that focuses on acquiring institutional quality commercial assets in high-growth markets. For the past 25 years, Summit has been delivering superior risk-adjusted returns to investors. Extensive industry experience, market knowledge and the ability to forge long lasting relationships allow Summit to be diligent real estate operators.

Summit is currently seeking a full-time Vice President-Asset Management based in St.
Louis, Missouri. This position is responsible for managing a portfolio of stabilized and value-add industrial and retail real estate assets located in Texas, Georgia, Florida and
Colorado. This position will coordinate and support Summit Realty Ventures (SRV)
(Acquisitions/Asset Management) and Summit Development Group (Development).

Responsibilities

• Work with SRV and the COO and the local leasing and property management team to develop and implement a comprehensive asset management plan for each asset.

• Supervise the marketing efforts of the third-party leasing firms whose activities include brochures, signage, updated site plans, broker incentives, signage tenant layouts, etc.

• Manage all aspects of the lease negotiation process for vacancies and renewals including establishing lease rates, T/I allowance, commission rates and all associated negotiation with 3rd Party leasing brokers.

• Provide written deal tracking updates, prospecting efforts market statistics (occupancy, trends) on all assets.

• Work with the CFO and the COO to review the financial information of tenant prospects and recommend/negotiate appropriate levels of risk enhancement (Security Deposits,

Letters of Credit, Personal Guaranty) that are appropriate considering the prospect’s financial condition.

• Coordinate and provide input to SRV and Construction Manager to identify and implement appropriate make-ready projects, capital improvement projects and tenant improvement projects associated with acquisitions, new leasing or renewals.

• Assist the SRV Acquisition Team with market underwriting, market due diligence and the transition of the project from Acquisition to Asset Management.

• On-Board any new Summit Development Group projects from construction completion to occupancy.

• Provide input necessary to complete reports and updated property appraisals on a quarterly basis.

• Manage outside legal counsel on all lease negotiations.

Qualifications

• Minimum 7+ years of commercial real estate experience with 5+ years of Asset

Management experience

• BA/BS degree required

• CCIM Designation preferred

• Some commercial development experience preferred

• Prior asset management experience preferred.

• Ability to negotiate industrial and retail contracts and leases.

• Successful track record of decision making related to asset level initiatives.

• Strong problem solving and quantitative skills.

• Strong written/verbal communication skills.

• Interpersonal skills with an ability to interact with external and internal clients required.

• Willingness to travel to all assets under management on a regular basis

Job Type: Full-time

Salary: $90,000.00 to $110,000.00 /year

Experience:

• commercial real estate: 7 years (Required)
• asset management: 5 years (Preferred)

Education:

• Bachelor’s (Required)

License:

• CCIM designation (Preferred)

Required travel:

• 25% (Required)

Additional Compensation:

• Bonuses

Work Location:

• Multiple locations

Benefits:

• Health insurance
• Dental insurance
• Vision insurance
• Retirement plan
• Paid time off