Vice President, Asset Management chez Harrison Street

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 $103 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 in the Asset Management department who will focus on investments.  Candidates should possess substantial experience in asset management, capital markets (debt financing and property dispositions), financial analysis, leasing, and new development oversight, and should have a deep understanding of real estate investing and management fundamentals.  The ideal candidate(s) will be a strategic team player with demonstrated quantitative, financial, and analytical skills, who is able to efficiently allocate time between multiple tasks and navigate changing priorities. Ideally with a progressive background in Build to Rent, Student Housing, Storage and/or Healthcare. 



Oversee and manage wholly-owned and joint venture investments in the US, as well as the respective property management and partner relationships. Specific duties will include:

Manage relationships with existing operating partners and third-party property managers;

Source, coordinate, and close all property refinancings;

Establish and communicate internal hold/sell recommendations;

Oversee asset dispositions, including presenting the transaction to investment committee, selecting a broker, negotiating the purchase contract, and facilitating the due diligence and closing processes;

Formulate property-level strategy, budgets, and capital improvement plans;

Determine and implement value preservation strategies, including the preparation of capital call memorandums as necessary;

Assist transactions colleagues in the underwriting of new investments as well as new operating partners or property managers;

Analyze and monitor property financial performance and debt covenant compliance;

Alongside construction consultants, monitor schedules, budgets, and draws for new developments and ensure compliance with the relevant governing documents;

Review and approve third-party appraisal reports and complete periodic internal valuations and re-underwriting processes;

Actively mentor, train, and guide the career development of more junior professionals on the team. 

Requirements:

Bachelor’s degree (real estate and finance concentrations preferred);

10+ years of relevant experience in commercial real estate investment roles: ideally within Build to Rent, Storage, Student Housing and/or Healthcare

Core knowledge of real estate investment and finance principles, as well as a working understanding of real estate accounting;

Strong written and verbal communication skills;

Ability to draw conclusions from research and data analysis and communicate them concisely and effectively;

Thorough understanding of business software (Excel at minimum - Argus preferred).  

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