Head of Asset Management

Lead the asset management team with responsibility for preparing each portfolios biannual budgeting and strategic planning process in coordination with stakeholders (including the Head of Operations, Head of Leasing, and the CFO).

Monitor and evaluate asset and portfolio performance against underwriting and track returns (IRR, Equity Multiples). Serve as the principal point of contact for all asset-level reporting. Lead quarterly asset reviews and present quarterly performance dashboards to the firms executive committee and to the investors.

Oversee compliance with agreements governing co-investment major decisions and prepare all material and information required to gain any approvals (as needed) for special situations.

Oversee the external and internal valuation process on a quarterly and annual basis for the various portfolios of assets. Direct the engagement and oversight of the third party appraisal firms and coordinate the review of the appraisals internally and with the external audit firms.

Overseeing the disposition and marketing of assets designated for sale; including the selection and coordination of investment sales brokers in the marketing process and negotiation of the purchase agreement and closing documents.

Overseeing joint venture relationships within the portfolio to ensure that the partner is meeting milestones according to plan and that all interests remained aligned in accordance with the portfolio agreements.

Supervise and train Portfolio and Asset Management personnel. Assign duties for responsibilities within the portfolio to team members and provide mentoring and career guidance to team. Evaluate, and hire the appropriate personnel to conduct the responsibilities and meet the goals of the Portfolio and Asset Management Department.

Collaborate with the Finance and Accounting team to coordinate the development of asset management and portfolio valuation models that: i) Are file-linked to the budget and accounting systems to enable seamless import of actual fund performance data; ii) Reflect property- and portfolio-level performance on a quarterly basis, including automated reconciliation of actual vs. forecast; iii) Enable flexible scenario planning, asset sale assumptions, and mid-year reforecasting if material variances occur.

Oversee the research function within Lake Shore to evaluate strategic marketing initiatives, and select markets and sub markets in which to target acquisitions / dispositions.