Senior Associate - Asset Management

Position:
Senior Associate – Asset Management

Location:

Remote; preference for Chicago, Orlando, or South Florida

Classification:
Exempt, full-time

Reporting to:
Vice President of Asset Management

Pay Rate:
Commensurate with market

Start Date:

Immediate

Second Horizon Capital ("2HC") is an impact investment real estate company focused on redevelopment and revitalization of large format commercial properties across the United States. 2HC seeks to transition underutilized / challenged real estate assets into robust community centers and local economic engines. As a double bottom line focused investor, 2HC proactively enhances assets, works with local stakeholders, and focuses on driving returns and positively impacting local communities.

The 2HC team combines unique expertise in distressed and impact investing, urban development, asset repositioning, and capital markets to implement bespoke solutions that create value for stakeholders, drive sustainable growth, and enhance critical infrastructure. 2HC’s portfolio currently includes centers in Virginia, Arkansas, Massachusetts, Illinois, Utah, and Florida and is actively growing its footprint across the United States.

2HC is seeking a qualified Senior Associate – Asset Management to join its team. The Senior Associate – Asset Management will support and report to the Vice President of Asset Management and work closely with members of 2HC’s Investments and Impact teams. The Senior Associate – Asset Management will be engaged in all aspects of 2HC’s portfolio management process, including third-party management oversight, capital investment plans, due diligence, and business plan formulation and implementation.

Additionally, the Senior Associate – Asset Management will support underwriting activities and provide operational benchmarking on potential investments. The Senior Associate – Asset Management must have demonstrated proficiency in real estate operations in an institutional environment, and be creative, flexible, and committed to driving meaningful and measurable positive impact through investment.

• Work with stakeholders including property managers, leasing teams, accounting, legal representatives, brokers, and others to support value creation and risk mitigation efforts.
• Contribute to preparation of regular portfolio updates for Managing Partners and investors.
• Collaborate with third-party property management and leasing teams on ongoing operations, financial performance, and tenant relations.
• Review and support implementation of asset-level budgets, including detailed operating and capital expenditure plans.
• Ongoing review and benchmarking of operating performance across portfolio as well as identifying opportunities for enhancements and efficiency improvement across different third-party assets managers and centers.
• Perform periodic site inspections to support property performance and ongoing implementation of asset improvement programs.
• Participate in due diligence reviews for potential acquisitions, including oversight of property-level operational reviews, and support on financial models and business plans to identify opportunities and weaknesses of proposed projects.
• Work on special projects, as needed.
• Ability to travel (~40% of the time).

• At least five years of experience in an institutional real estate asset management role, including operations, accounting, and third-party management oversight at a portfolio level. Preference for focus on retail and / or mixed-use real estate development and management.
• Demonstrated operating and leadership experience with retail and mixed-use properties and collaboration with third-party management and leasing teams.
• Relevant experience in (i) retail and mixed-use leasing asset management and / or financial management; (ii) commercial property management; and / or (iii) property accounting and controls.
• Advanced proficiency in Excel required; fluency in Microsoft Office 365 suite (Outlook, PowerPoint, etc.).
• Passionate about driving impact in communities.
• Demonstrated understanding of retail lease structures, terms, and conditions.
• Extremely organized with meticulous…