Associate, Asset Management

Overview:

Dalan is a vertically-integrated real estate investment and management firm leveraging its expertise and wide range of capabilities to identify opportunity, unlock value, and create growth. Dalan runs a growing residential and commercial portfolio of over $2 billion in assets with partners including KKR, Bain Capital and RWN. For more information regarding Dalan Management, please visit Dalanmanagement.com.

Position: 

Dalan Management is seeking to hire an Associate within the asset management team for the New York portfolio. The position will report to Ben Black, Managing Director of Asset Management

The position’s primary objective will be to support the team’s goal of maximizing operations and returns of an assigned portfolio of diverse assets. The ideal candidate will be an experienced individual who has experience in both residential and commercial real estate in New York. The role will include all aspects of management and operations in the firm’s growing investment portfolio and will interact with all of the company’s various functional areas. Daily responsibilities include commercial tenant relations, commercial leasing, project management, budgeting, financial reporting, and investor relations and reporting.

Responsibilities:

• Financial reporting and investor reporting, including: preparation and distribution of monthly, quarterly, and annual financial reports and updates for all stakeholders, investors, partners, and lenders
• Monitor, review, and evaluate property financials, cash positions, leasing trends, expiration schedules, submarket fundamentals, and portfolio trends as needed to enhance asset value, cash flow, and profitability
• Develop and implement annual business plans, budgets, and reforecasts.  Monitor and report on asset performance accordingly
• Analyze and monitor capital improvement and renovation programs, as required, for property maintenance, competitive positioning, or market repositioning
• Identify, evaluate, and recommend value enhancement opportunities and strategies
• Take ownership of identified value-add opportunities within the portfolio by coordinating internal and third-party resources to drive the process
• Manage and progress project commercial leasing transactions including new prospects, existing tenant renewals, and lease modifications in conjunction with leasing agents, outside tenant brokers, legal counsel and tenants/clients as well as architects, engineers, property management staff, etc.
• Ensure and maintain effective and harmonious tenant and owner relations
• Assist in the coordination and execution of refinances and asset dispositions
• Interface with outside parties, including bankers, investors, property managers, tenants, attorneys and third-party consultants
• Work collaboratively and in partnership with Property Management, Leasing, and Project Management in order to gather information and/or provide assistance with regard to financial analysis of future leasing deals, expense analysis, etc.

Qualifications & Skills:

• 3 plus years of real estate experience with a New York City real estate owner/developer/investor/manager
• Bachelor’s degree in Real Estate, Finance, or related field
• Understanding of real estate fundamentals, financing principles, and capital structures
• Proactive with issues and ability to prioritize time-sensitive projects and deliverables
• Capable of multi-tasking; balancing multiple objectives and/or competing priorities
• Cognizant of big picture and task objectives, yet also detail-oriented and willingness to take a hands-on approach
• Ability to understand, analyze, and diagnose financial statements and run financial analyses typical to commercial real estate
• Solid analytical/logical mindset and attention to detail as well as ability to think creatively and be a problem solver
• Strong Excel skills with a high degree of accuracy and attention to detail
• Proficiency in MS office products including Excel, PowerPoint, and Word; proficiency in property management systems (Yardi, MRI, etc.)
• Highly motivated and take-charge personality with strong interpersonal skills

Dalan is an Equal Employment Opportunity Employer.

Please note that Dalan has adopted a COVID-19 vaccination policy to safeguard the health and well-being of our employees, office and residents. As a condition of employment, Dalan employees working on-site are required to be fully vaccinated for COVID-19, unless a reasonable accommodation is approved or as otherwise required by law.