VP Asset Management, Healthcare

Our Healthcare Real Estate Team is currently looking for an experienced Vice President of Asset Management to join the firm. This position will be located in Los Angeles; some travel will be required. Reporting to the Managing Director of Healthcare, this position has the following key responsibilities:

• Manage the portfolio of properties in accordance with governing documents and approved business plans, with focus on maximizing value and identifying/mitigating downside risk;

• Monitor and evaluate financial operating results to enhance cash flow and profitability by completing monthly financial reviews and reviewing property data.
• Interact with partners, lenders, property managers, legal counsel, general contractors, consultants, marketing/design firms, and other consultants;
• Create and/or maintain various financial models including pro forma cash flow models, IRR analyses, waterfall splits, and external and internal reporting schedules;
• Analyze financial models and multiple business plans to assess the impact of potential project decisions, including hold/sell analyses, major transactions and capital markets activities;
• Compare and analyze project business plans, monthly project financial statements, operating income and expenses, and actual economic results against pro forma budgets/projections and recommend changes to asset strategies or approved business plans as warranted;
• Communicate regularly with the investment and underwriting teams as well as the accounting and reporting teams;
• Manage and navigate all lender relationships and loan agreements with regular compliance verification and ability to forecast future concerns;
• Conduct market research, analysis of market conditions, and property site visits;
• Prepare quarterly project cash flows and reports and annual property budgets as required, and communicate asset performance to management on a regular basis;
• Assist Stockdale’s origination teams in underwriting new originations as needed;
• Understanding of what is happening on a micro and macro level in the markets in which your assets are located
• Managing and reporting the quarterly obligations for lenders, partners and internal guidelines

Candidates for this position should have the following experience/skills:

• 10+ years experience in the commercial real estate sector with an emphasis on office and/or medical office; asset management, underwriting, finance, or development experience desirable;
• Four-year undergraduate degree in business, finance, economics, or real estate;
• A strong understanding of financial modeling including cash flows, real estate valuation techniques, IRR calculations, and partnership waterfalls;
• A thorough understanding of investment underwriting, property management, real estate documents and transactions, asset sales, contract negotiations, real estate finance, and joint venture partnerships. Office or Medical Office experience is a strong plus, but not a requirement;
• Very strong skills in Microsoft Excel, and proficiency in other basic computer skills;
• Strong oral and written communication skills.

Candidates should also have the following qualities:

• Ability to work collaboratively and independently and to take on additional responsibilities as warranted;
• Strong interpersonal skills, positive attitude, ability to work well with others, and build successful working relationships, both internally and externally;
• High level of personal and professional integrity and strong work ethic;
• Highly organized and detail oriented; ability to multi-task and manage multiple priorities and meet deadlines with a very high quality of work.

Compensation and Benefits:

• We offer a competitive salary and benefit package.
• Expected Salary: $150,000 - $175,000/year DOE