Real Estate Portfolio Associate, Asset Mgmt.

REAL ESTATE PORTFOLIO ASSOCIATE, ASSET MGMT.

Time Equities, Inc. (“TEI”), an international real estate development and investment company, is seeking a self-motivated and reliable associate to assist senior leadership in the implementation of the various business plans in an 8 million square foot office, multifamily, and industrial portfolio through redevelopment, leasing, disposition, and management strategies.

The Associate will report to the co-heads of the portfolio and work from our conveniently located NYC office in the Flatiron District. This is a perfect position to gain valuable exposure and experience for a great career path.

JOB RESPONSIBILITIES:

• Primarily responsible for managing the full leasing lifecycle for new leases, renewals, expansions, amendments, and terminations, from initial proposal through lease execution and tenant move-in
• In conjunction with our third-party brokerage teams, prepare and negotiate LOIs, term sheets, and lease drafts in coordination with counsel, brokers, and tenant representatives
• Underwrite proposed deals, including net effective rent, TI and leasing commission costs, free rent, and impact on property cash flow and valuation
• Coordinate required approvals from ownership, asset management, and lenders (SNDAs, estoppels, and lender consents)
• Track tenant improvement work and landlord deliverables with property management and construction teams through rent commencement
• Manage day-to-day broker relationships, and prepare leasing activity reports and market comps for portfolio reviews

• Initiate and maintain annual operating budgets for properties (including NYC commercial condominiums)
• Monitor and update cash management tracker and reserve fundings (including NYC commercial condominiums)
• Perform monthly reporting for properties (including NYC commercial condominiums)
• Monitor tenant and unit owner arrears and work with Rents Department and third-party managers on reconciliations
• Oversee distribution schedule funding from third-party managers
• Assist in construction bidding/monitoring process
• Bid out and negotiate annual maintenance contracts
• Research and initiate creative approaches to property expense reductions

JOB REQUIREMENTS:

• 1-3 years of experience in the management of a commercial property portfolio
• High-level knowledge of Excel, Yardi, MRI, or other property accounting software
• Excellent interpersonal, analytical, and writing skills
• Strong organizational skills
• Accounting experience preferred

BENEFITS AND PERKS:

• Broad competitive compensation and benefits package including Medical, Dental, Vision, Life, and Disability insurance
• 401(k) Retirement Plan with company-matched contributions
• Eligible to elect other voluntary benefits including FSA, additional life insurance coverages
• Up to $3,500/year in tuition reimbursement for continuing education relevant to one’s job.
• Tax-free benefits for mass transit or parking expenses
• Access to an Employee Assistance Program for services including counseling, financial and legal consultation, referrals for care services, and more
• Opportunity to enroll in an internal mentorship program
• Opportunity to serve on various internal committees such as the Change Committee and Wellness Committee
• Paid time off including vacation, sick, and personal days

WHO WE ARE:

Founded in 1966, Time Equities, Inc. (“TEI”) is a diversified investment, development, asset and property management, licensed real estate brokerage, and alternative energy company that has been in business for 60 years. The TEI portfolio includes approximately 47.2 million square feet of residential, industrial, office, retail, and mixed-use property, including about 5,200 multi-family apartment units, approximately 1 million square feet in pending acquisitions, and 2.3 million square feet of various property types in stages of pre-development and development. With 360 properties across thirty-seven states, five Canadian provinces, Anguilla, Germany, Italy, the Netherlands, and the UK, the TEI portfolio benefits from a diversity of asset types including student housing, non-performing loans, B-notes, and alternative energy investments. TEI has a variety of market concentrations in the Northeast, Southeast, Midwest, and West Coast of the U.S., and new markets around the world are always being evaluated.

Time Equities, Inc. does not discriminate based on race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. All employment is decided based on qualifications, merit, and business needs.

Come join a great company and start a rewarding career path in a booming industry!

If you are interested, please send a resume, salary expectations, and a short cover letter explaining specifically why you should be the one selected.

For more information, please visit our website at www.timeequities.com

Salary: $ 85- 110 K – depending on experience