VP/Director, Asset Management - San Francisco

Harrison Street Asset Management ("HSAM") is a leading global alternative investment management firm focused on real estate, infrastructure, and credit strategies across North America and Europe. Headquartered in Chicago, Toronto, and London with offices across North America, Europe, Asia and the Middle East, the firm has over $108 billion in assets under management on behalf of institutional investors and registered investment advisors globally.   Founded on a culture of innovation, HSAM is an early mover in alternative real estate and mid-market infrastructure. Today, the firm’s global team, consisting of more than 520 professionals, is committed to creating long-term value through deep sector expertise and forward-thinking strategies.

Harrison Street is seeking to hire a Vice President or Director within the Asset Management department focused on investments. This role will be responsible for overseeing an evolving portfolio that will initially consist primarily of office buildings and residential apartment communities, with the composition of the portfolio evolving as new investments are made and existing assets are sold. While most assets will be existing operational properties, the portfolio may also include ground up developments and major redevelopments. 

The Asset Manager will lead the development and execution of asset level business plans, working closely with local operating partners and third‑party property service providers. This individual will serve as the primary internal point of responsibility at Harrison Street for assigned investments, including recommendations on major strategic decisions, quarterly valuations, annual reforecasting and budgeting, hold/sell analyses, and client reporting. 

Candidates should possess substantial experience in asset management, capital markets (including debt financing and property dispositions), financial analysis, leasing, and development oversight, along with a strong foundation in real estate investing and management fundamentals. With a minimum of eight years of real estate experience, the ideal candidate will be a strategic, collaborative team player with strong analytical and financial skills, the ability to manage multiple priorities in a fast paced environment and demonstrated excellence in written and oral communication. 

Responsibilities:

• Develop and execute business plans across an evolving portfolio of real estate property investments, focusing on all aspects of value creation including the marketing, leasing, operation, and disposition of assets.  

• Review and analyze monthly financial results of properties. Identify issues with operating partners and/or property managers and oversee implementation of solutions.  

• Perform financial modeling including lease underwriting, property valuations, and hold/sell analyses.  

• Maximize cash flow and property values through effective revenue management and achievement of operating expense efficiencies.  

• Lead regular meetings with property managers and operating partners to review leasing performance, operating results, and market conditions.  

• Prepare annual reforecast, changes to the investment strategy and lead budget review process for each asset.  

• Assemble and review economic, demographic, and other market information for each asset area, as needed, including recent sales and leasing data.  

• Monitor performance and sales of competitive properties.  

• Develop and maintain relationships with leasing and investment sales brokers and other local experts to monitor market conditions.  

• Prepare necessary internal memorandums regarding key decisions or initiatives to be presented to Investment Committee for approval.  

• Work closely with and manage operating and development partners pursuant to the terms of appli