Senior Asset Manager

Overview

Great opportunity in San Mateo!

 

Sares Regis Group of Northern California (SRGNC) offers a broad scope of residential and commercial real estate development management services. With our principals having over 40 years of experience providing real estate services in the San Francisco Bay Area, Sares Regis has assembled a staff of remarkable talent from a wide range of related development backgrounds including urban and master planning, entitlements, architecture, various engineering disciplines, construction, project management, real estate development, asset management and financial services. We have developed over 21 million square feet of commercial, residential and mixed-use properties, primarily located throughout the San Francisco Bay Area. Our portfolio consists of a combination of operating assets, developments of our own and fee-based consulting and management services for clients.

 

The Role

The Sr. Asset Manager will be responsible for the strategic planning, financial performance, and operational oversight of a designated portfolio of leased and owned assets, comprising primarily corporate offices, but also land, warehouse, and other asset types. This role focuses on maximizing the value and utility of our client’s assets and leases in a sub-market, ensuring they align with the company's operational needs, financial objectives, workplace strategy, and long-term real estate goals. In collaboration with the transactions and facilities teams, the Sr. Asset Manager will proactively manage lease negotiations, oversee property operations, analyze financial performance, and contribute to the overall corporate real estate strategy. Where a property is not in operational use, the Sr. Asset Manager will directly manage property management services.

 

The Sr. Asset Manager will be part of an Asset Management Team, and each Asset Manager will work in close partnership with a designated Client Real Estate Asset Manager and Sr. Asset Manager in service of their assigned portfolio of assets.

 

Required Qualifications• Bachelor's degree in Real Estate, Finance, Business Administration, or a related field.• Minimum of 7 to 10 years of progressive experience in corporate real estate, commercial asset management, or commercial property management.• Ability to work independently and operate with exceptional autonomy and judgment, end-to-end execution of complex real estate solutions and projects with minimal oversight, and proactively contributing to innovative, value-accretive strategies for the non-core portfolio.• Strong financial acumen and sophisticated financial modeling skills, including expertise in preparing and managing annual operating budgets, quarterly forecasting, and performing detailed financial analysis such as NPV, IRR, and DCF. This capability extends to complex underwriting and using investment-grade tools like Argus Enterprise.• Proven track record in managing a portfolio of leased and/or owned office assets.• Demonstrated experience in negotiating complex commercial office leases.• The role is in person at the office 5 days a week, excluding project travel.• A personal vehicle, valid U.S. driver’s license, and auto insurance are required.

 

Preferred Qualifications• Master's degree (MBA or Master's in Real Estate).• Professional certifications such as MCR (Master of Corporate Real Estate), CPM (Certified Property Manager), or RPA (Real Property Administrator).• Solid understanding of office property operations, building systems, and capital project management.• Experience working with large landlords and local jurisdictions in the Bay Area.• Strong communication, presentation, and interpersonal skills, with the ability to interact effectively at all levels of the organization.• Ability to work independently, manage multiple priorities, and meet deadlines in a fast-paced environment.

 

Responsibilities

 

Strategic Asset Planning• Develop and implement comprehensive asset management plans for each assigned non-core property, outlining strategies for value enhancement, cost optimization, and alignment with business requirements.• Analyze non-core portfolio performance and identify opportunities for income leasing, subleasing, or disposition based on market conditions. Understand the book value, current market value, and value drivers of all non-core assets.• Understand the lease terms, landlord versus tenant obligations, and risk points of all leases.

 

Execution Responsibility• Support non-core asset strategy execution in the submarkets: Developments, Acquisitions, Dispositions, Entitlements, Leasing, Asset Management, Property Management, etc.• Ensure Client’s proprietary interests are protected at all times.• Review analyses, legal documents, contracts, plans, and all other relevant documents to support recommendations and approvals.

 

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