Asset Management Associate (Seattle)

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Bridge33 Capital is a fast-growing, vertically integrated private equity firm that focuses on delivering opportunistic returns with strip retail real estate. We are looking to hire an Asset Management Associate who is instrumental in the Company’s growth and is responsible for helping the Asset Manager develop and implement a strategy for an assigned portfolio of properties and help contribute to building the asset management platform. This is an on-site position based in our Seattle office.

Our successful investment strategy, strong capital backing, and rapid growth creates a unique environment for excellent candidates to join a dynamic, enthusiastic team and grow along with the organization. Come make your mark as an integral part of Bridge33’s dynamic, growing team!

MISSION

We build relationships and create value where others don’t.

KEY PRINCIPLES

We’re Better Together | We’re Here to Serve | We crush our egos, and we have empathy for teammates | We stay positive | We embrace accountability and we champion results

ESSENTIAL RESPONSIBILITIES

• Responsible for assisting the Asset Manager drive the asset’s full lifecycle returns through intensive asset management and relentless pursuit of value-add.
• Daily responsibilities include supporting the Asset Management team efforts to onboard new assets, develop the business plan, efficiently use capital, work with internal Leasing team to sign new tenants, oversee significant tenant improvement projects and/or construction projects, prepare quarterly reporting to senior management, and work with internal Investments team to dispose of the asset.
• Responsible for assisting the Asset Manager in formulating and executing short-and long-term asset strategies while deploying the broader strategic objectives of the company.  Professionally and effectively present recommendations and performance information to senior management and related partners.
• Develop and maintain a strong understanding of retail properties, the time value of money, complex deal structures, real estate finance, leasing, property management, and construction.
• Support the Asset Manager to develop, manage, and complete project budgets and schedules in accordance with Company approved budgets, schedules, and underwriting/yield requirements.
• Help manage the coordination of design and construction activities such as architect, contractor, surveyor, and consultant selection. Work with the Asset Manager and Tenant Coordination/Construction Management to bring capital projects to successful completion. This may also include managing the permitting and entitlement process for active projects in development.
• Provide support to the Asset Manager in preparing status updates on portfolio assets via relevant reports and supporting documentation on a regular basis to senior management and real estate committees.
• Support the Asset Management team to identify at-risk projects and propose corrective solutions to senior management.
• Perform other related duties as assigned.

Requirements

QUALIFICATIONS:

• Between 2-4 years’ experience in commercial real estate asset management or equivalent experience in the retail asset class, including the ability to assess the physical condition of a property, its marketability, and its management. Some experience with retail assets is strongly preferred.
• A basic understanding of balancing equity and debt, the time value of money, real estate finance, and complex deal structures.
• Exposure to managing third-party relationships such as attorneys, brokers, tenants, vendors, contractors, consultants, appraisers, etc.
• Demonstrated ability to work independently, take initiative, set priorities, follow through on assignments, assess changing conditions, and make recommendations with supporting analysis.
• Strong problem-solving skills, particularly in the face of ambiguity.
• Self-motivated with an effective interpersonal and collaborative working style, along with a strong work ethic and a “roll up your sleeves” attitude.
• Proficient Excel skills and familiarity with Google productivity tools.
• Excellent analytical skills and a strong sense of urgency.

Benefits

WHAT WE OFFER:

• Fast paced and dynamic work environment, including frequent interaction with the senior management team
• Flexible time off policy
• Company sponsored medical, dental and vision insurance
• Company paid life insurance
• Company paid short and long term disability insurance
• Paid parental leave
• 401k plan with Company match
• 11 paid holidays

The annual base pay for this position is $81,191- $123,000 and the position is eligible for an annual discretionary bonus of up to 15%. 

Bridge33 provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetic information, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.  Bridge33 is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs and activities.  To request reasonable accommodation, please contact our Human Resources department at hr.requests@bridge33capital.com.