Commercial Real Estate Asset Manager
Overview
Corporate Tools in Post Falls, Idaho is looking to add an experienced Commercial Real Estate Asset Manager to the team. Our business operates in all 50 states and owns/manages commercial RE buildings of various sizes throughout the US. You will be responsible for overseeing our commercial asset portfolio through three particular areas: Asset Procurement, Asset Management and Construction Management
This position is coded as “Hybrid” which means after initial training and on-boarding which will take place in office, occasional remote work is available. However, this role will be expected to continue to work in our Post Falls, Idaho office 2-3 days/week.
Wage
Benefits
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100% employer-paid medical, dental & visionFull coverage for employees — nothing comes out of your paycheck. Plus an annual review with a raise option.
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Time off that grows with you22 days PTO + 4 holidays to start. After 3 years it bumps to 29 days, and after 5 years you move to flexible time off — not accrued, not capped. Take time off when you want.
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Parental leave & 401(k) matchPaid parental leave, plus up to 6% company 401(k) matching with no vesting period — it’s yours from day one.
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Quarterly allowanceSpend it on whatever makes work better: a comfier remote setup, continuing-education classes, a plant for your desk, coffee for a coworker, a massage for yourself… really, whatever.
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No dumb perks (and a trail mix bar)No weekend dog-walking gimmicks that look cool but cost nothing because nobody uses them. We spend on benefits you’ll actually use — an open-concept office, friendly coworkers, a creative environment, and yeah… a trail mix bar.
Responsibilities
Asset Procurement:
Search inventories in strategic national locations to identify buildings that match a predetermined set of criteria.
Assess and make recommendations on the viability of the asset's financials, capital improvements, rent rolls etc.
Establish a network of vendors (brokers, inspectors, contractors etc) to help facilitate the acquisition
Review and negotiate contracts for acquisition (in conjunction with in-house legal team)
Help identify possible roadblocks to closing in specific locations (city, county, state jurisdictions)
Asset Management:
Work with on-site property mangers in locations with larger assets to maintain the building standards and keep building
Work with on-site property mangers in locations with larger assets to maintain the building standards and keep building
Assess and make recommendations on the asset's rent rolls, CAMs, expenses, vendor agreements, leases
Develop an annual capital improvement budget for each asset
Asset Management: Work with in-house finance team to develop an annual business plan for each asset
Identify, obtain bids and recommend contractors to handle maintenance and capital improvements
In smaller locations, work with on-site employees to manage and lease available space directly with tenants
Work with existing facilities team in Spokane area to manage local assets
Requirements
Exposure to each of the following areas: Asset Procurement, Asset Management, Construction Management
Project management skills such as time management, project budgeting, resource management and project scheduling for multiple projects
Ability to budget, schedule, negotiate, and control costs
High degree of familiarity with contract documents, terms, and conditions
Minimum 5 years experience in commercial real estate, including expertise in areas such as brokering, leasing, construction, or other relevant fields
Ability to work independently
*Preferred: At least 3 years of experience in each of the following areas: Asset Procurement, Asset Management, Construction Management
*Preferred: Strong leadership and management skills
*Preferred: Experience working directly with stakeholders (i.e. officers/directors) and presenting solutions
*Preferred: Experience managing assets remotely
*Preferred: Relevant degree in Real Estate, Finance, Business, Management, Accounting, Economics, MBA, Law, or Communication
Why Work Here
You enjoy buildings done well. You find fulfillment in providing amazing offices for our employees and amazing spaces for tenants. You think it’s cool that we buy our buildings for employees, but buy larger buildings and rent space out to run operation more efficiently. You understand how a building goes up from getting plans, permits, foundations, framing, finishing work, down to the final cleaning and logistics of moving operations in. You dig this… but you’ve reached a point in your career where you don’t want to really get your fingers dirty making stuff happen and you would love a job where your collection of oddball skills comes together magically in a job description you feel was written just for you.