Asset Management Associate

Hammes Partners is a private investment platform focused exclusively on the U.S. Outpatient Healthcare Real Estate market dedicated to ground-up development, adaptive reuse & monetization initiatives of developers & owners/operators of healthcare real estate.

About Hammes

Founded in 1991, Hammes is a vertically integrated real estate solutions platform. Our capabilities include real estate strategy and planning, project management, development, investment and property management for healthcare clients and other leading institutions. Hammes is consistently ranked as one of the nation’s top healthcare developers by both Modern Healthcare’s Construction & Design Survey and Revista’s Outpatient Healthcare Real Estate Development Report.

This position reports to the Principal and will be responsible for managing a portfolio of stabilized assets as well as assets under development. The Associate will also have primary responsibilities for developing and executing asset management strategies related to individual properties and property portfolios.

This list of duties and responsibilities is not all inclusive and may be expanded to include other duties and responsibilities, as management may deem necessary from time to time.

• Analyzes and contributes to underwriting and due diligence activities in support of acquisition and development opportunities.
• Coordinates and prepares materials required for submission to Investment Committee.
• Assists with monitoring Project Manager’s development reports for assets under development.
• Performs real estate financial and market analysis for purposes of structuring and negotiating lease deals, hold/sell analysis, and risk mitigation/value creation activities.
• Assists in quarterly and annual asset valuations processes in accordance with the Valuation Policies & Procedures as established by the Fund.
• Monitors monthly & quarterly Property Management reports prepared by third party or affiliated service providers. Routinely monitors actual asset performance compared to budget.
• Monitors and reports on existing tenant financials and credit profiles.
• Monitors real estate market reconnaissance to keep apprised of changes in local markets.
• Assists with monitoring the productivity of third party or affiliated leasing professionals and adherence to underwriting proformas.
• Assists with the disposition process of existing assets, including reviewing and monitoring marketing materials, due diligence, and closing requirements.
• Provides QAQC on all property performance information going to the Fund. Provides property level updates for Fund’s quarterly reporting package, as needed.
• Assists with monitoring major property level operational and capital expenditure projects.
• Analyzes and contributes to the preparation of annual property budgets and strategic plans.
• Interacts with senior management, brokers and other third parties as needed regarding assets and/or asset performance.
• Provides onboarding and training of asset management functions, policies and procedures for junior team members.

The requirements listed below are representative of the knowledge, skills, and abilities required to perform this job successfully.

• A minimum of a Bachelor’s degree, preferably in Finance, Real Estate, or a related field.
• A minimum of 3 years of progressive experience in asset management of institutional quality assets with an advanced understanding of real estate asset management, finance principles, complex deal structures, leasing, lease documents, and property operations.
• Ability to analyze and interpret information with strong research capabilities.
• Experience in Excel financial modeling;
  Argus experience preferred.
• Demonstrated ability to review and underwrite key contracts (leases, loan documents, property-level agreements, etc.)
• Sound judgment, problem solving skills, and independent thinking and decision-making ability.
• Must be a well-organized and self-directed individual who is disciplined in oversight of details yet possesses a “big picture” perspective.
• Must have an awareness and understanding of portfolio goals and ability to…