This Opportunity
 

Heitman is seeking an Asset Manager to join our team. The ideal candidate will bring their subject matter expertise within these asset classes to our North American private equity team to effectively manage assets within clients’ portfolios. This role will be highly collaborative, and the successful candidate will play an important role in building relationships with internal teams, including Portfolio Management, Acquisitions, and Financial Operations & Analysis, as well as effectively partnering with external stakeholders in leasing and property management.

Responsibilities include, but are not limited to:

• Assist in managing a diverse real estate portfolio focused on Student Housing and Self-Storage.
• Implement asset management strategies, including income and expense forecasting, leasing plans, capital budgets, value creation activities, and risk-return analyses for assets.
• Plan and organize asset objectives and resources to meet asset needs and financial goals.
• Evaluate performance against budgets, business plans and internal and external benchmarks.
• Anticipate issues that could impact the success of the assets.
• Establish leasing strategies and closely monitor property management teams and/or joint venture partners.
• Prepare annual budgets, business plans, valuations, appraisals, and leasing plans for assets.
• Prepare financial analyses and modeling to support asset management decision-making.
• Utilize data analytics regularly to inform asset-level strategy and drive performance.
• Assess the current and projected performance of properties.
• Partner with and oversee third parties responsible for day-to-day operations of the assets.
• Gain expertise in assigned markets through site visits, industry analysis, and networking; collaborate with internal and external teams to adjust property strategy for market shifts.
• Participate in regular property inspections to identify challenges, assess business plans, evaluate third-party operational performance, identify improvement opportunities, and communicate findings.
• Support the acquisitions team in new investment underwriting by providing market and leasing assumptions and participating in due diligence activities, as necessary.

Qualifications:

• Minimum 5 years of real estate asset management experience. Years of experience for this level can vary.
• Experience in Student Housing or Self-Storage is preferred. Experience in other property types is required.
• Ability to analyze and interpret market trends, third-party reports, and competitor surveys.Bottom of Form
• Knowledge and experience with budgets and overall financial reporting, with the ability to analyze large amounts of data and identify improvement opportunities.
• Experience in defining, developing, and executing asset management strategies by overseeing and managing third-party property management teams.
• Possess knowledge of real estate investment management trends.
• Strong interpersonal skills with the ability to collaborate with others.
• Skilled in communicating complex issues clearly and professionally, both verbally and in writing.
• Experience in the investment due diligence process with the ability to provide local market leasing assumptions and competitive insights.
• Understanding of various real estate valuation processes and techniques.
• Strong financial modeling skills (ARGUS, Microsoft Excel) and proven ability to translate quantitative data into a narrative; experience with Power BI is a plus.

Job Location and Travel

• This position is based in our Chicago office.
• Our teams work in a hybrid environment and in-office days vary by team.
• Moderate to extensive travel required.

We are looking for great candidates who have a unique combination of experiences, traits, and talents. We couldn’t describe you in a list of bullet points, so consider this posting a conversation starter. If you check some, but not all, of our boxes, we still want to talk! Please apply for this role if much of this job description describes you.

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The Firm

Founded in 1966, Heitman is a global real estate investment management firm. Our mission is to lead the evolution of real estate through investments that fulfill the needs of people and communities in a world of constant change. To learn more about our organization and culture, click here.

Total Rewards (Compensation, Benefits & Perks):

At Heitman, we believe that our success is driven by the success of our team members. That's why we use market data to ensure competitive compensation for every role, reflecting our commitment to investing in our team. When we grow, you grow!

The expected annual base salary range for this role is $120,000-$140,000 and will be further discussed during the interview process. This range represents what Heitman reasonably and in good faith believes we would pay a qualified candidate for this role at the time of posting (based on a full-time equivalent schedule). Your actual base salary placement will depend on factors such as (but not limited to): your relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition, all of our team members are bonus eligible and participate in a generous annual bonus plan, with the percentage varying based on your role and level, ensuring that your contributions are recognized and rewarded.

In alignment with our People First core value, we offer rewarding careers that focus on both personal and professional growth. We are dedicated to helping you and your family thrive, both in the office and at home. To support this, we provide competitive compensation and a leading-edge, human-centric benefits package. Click here to view the details of our benefits.

Additional Information

Candidates applying for roles requiring travel must hold a valid, non-expired driver’s license.

Equal Employment Opportunity: Heitman is an equal employment opportunity employer and complies with all applicable laws prohibiting discrimination based on race, color, creed, religion, sex, age, national origin or ancestry, physical, medical or mental disability or condition (including, without limitation, HIV and AIDS), developmental disability, handicap, denial of family and medical care leave, denial of pregnancy leave, domestic partner status, status as a victim of sexual or domestic violence (or familial relationship to such victim), veteran status, marital status, sexual orientation, arrest records, citizenship status, criminal history that has been expunged, unfavorable discharge from the military, or any other basis protected by federal, state or local laws.