Associate, Retail Asset Management at Continental Realty

, Maryland, United States -

Full Time

Start Date

Immediate

Expiry Date

07 Oct, 26

Salary

140000.0

Posted On

09 Jul, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Retail Asset Management, Financial Reporting, Real Estate Underwriting, DCF Valuations, CapEx Planning, Cash Flow Management, Hold/Sell Analysis, Loan Compliance, Disposition Management, Excel, Argus, Strategic Thinking, Written Communication, Cross-functional Leadership, Investment Analysis, Portfolio Management

Industry

Real Estate

Description

Position: Associate, Retail Asset Management - hybrid role CONTINENTAL REALTY CORPORATION (CRC) is seeking a Retail Asset Management Associate with strong critical thinking skills, looking for an opportunity to gain experience through active management of a diverse retail portfolio. Accurate and detail-oriented reporting is paramount to this role. Financial and operational reporting must also be paired with strategic thinking and solutions-focused recommendations. Associate will assist Asset Managers with a variety of projects and will also be expected to manage a small portfolio of properties. Essential Duties and Responsibilities: Performance Management & Business Plan Execution * Own and uphold property‑level business plans for a portfolio of 12-15 properties, ensuring consistent execution across all operating teams. * Monitor asset performance relative to underwriting through leasing activity review, quarterly valuations, and annual budget analysis. * Provide clear, investment‑focused context around variances to underwriting and recommend corrective actions or strategic adjustments. * Partner closely with Leasing and Property Management on major strategic decisions affecting asset performance. Communication * Demonstrated strength in written communication, including Investment Committee memos, asset‑level performance reporting, and investment recommendations. * Effective verbal communicator with the ability to present to Investment Committee and Valuation Committee. * Ability to work cross‑functionally with Operations to ensure clear alignment and execution of property business plans. * Serve as an external point of contact for investors, lenders, and other stakeholders. * Manage third‑party investment sales brokers and lead negotiation of purchase and sale agreements (PSAs). Capital Expenditure (CapEx) Planning & Forecasting * Maintain and manage property‑level CapEx forecasts, ensuring discretionary spending and leasing capital are properly sequenced and fully funded. * Oversee execution of budgeted capital projects in alignment with underwriting assumptions. * Evaluate ROI and strategic merit of proposed discretionary CapEx based on leasing conditions, asset stability, and point‑forward hold period. Cash Flow Management & Distributions * Oversee asset‑level cash management, including distributions, based on operating cash flow, cash on hand, lender reserve requirements, and future funding availability. Capital Event & Hold/Sell Analysis * Identify and evaluate asset‑level optimization opportunities, including hold, sale, or recapitalization considerations annually and at key milestone events. * Maintain up-to-date underwriting models for valuations and hold/sell/recap analyses. Valuations * Conduct property-level DCF valuations in accordance with CRC's valuation policy. Disposition Management * Lead asset‑level execution of approved dispositions from pre‑marketing through closing. * Partner with Capital Markets and Portfolio Management on pricing, timing, and marketing strategy. * Coordinate asset readiness, diligence materials, and buyer communication across internal teams. Loan Compliance & Debt Management * Ensure ongoing compliance with property‑level loan covenants, including DSCR requirements and reporting obligations. * Oversee and optimize loan draws, ensuring timely submissions aligned with CapEx execution and cash flow optimization. * Serve as the primary asset‑level point of coordination for lender reporting and compliance matters. Required Skills and Qualifications: * Bachelor's degree in Real Estate, Finance, Business or related field. * 5-8 years of experience in real asset management, real estate investment, or a related discipline. * Strong understanding of retail leasing dynamics, operating budgets, and real estate underwriting. * Ability to synthesize financial, operational, and market information into actionable investment recommendations. * Proven ability to manage cross-functional relationships and drive accountability across operating teams. * Advanced proficiency in Excel and real estate financial analysis tools (e.g., ARGUS preferred). This is a great opportunity for a role working with an experienced asset management team on a diverse and complex portfolio of assets. This position offers a competitive salary and bonus opportunity along with full benefits. EOE.

Responsibilities

The Associate will manage a portfolio of 12-15 retail properties, focusing on business plan execution, financial performance monitoring, and capital expenditure planning. They will also lead asset-level valuations, disposition processes, and ensure compliance with loan covenants.