Director, Real Estate Asset Management

$90,000 - $100,000/Yr

Empire State Development - New York, NY

Full-time - Director

New York, NY

Administration of Economic Programs

About the position

The Director of Real Estate Asset Management will oversee a diverse portfolio of state-owned properties across New York State, including significant projects like the Moynihan Train Station and the UBS Arena. This role involves strategic leadership, financial oversight, and collaboration with various teams to ensure the health and viability of these assets while creating economic opportunities throughout the state.

Responsibilities

• Lead post construction activities and special assignments for over 100 ESD projects.
• Strategize with Real Estate and legal teams to create best practices for future projects.
• Create action item calendar and implement actions such as lease renewals and extensions.
• Negotiate lease renewal options with lessors and draft or modify agreements.
• Oversee financial compliance of the property portfolio, including tracking rent and PILOT payments.
• Manage the review of legal documents, development deals, and board materials.
• Enroll new projects into ESD's real estate database and monitor existing entries for compliance.

Requirements

• BA/BS degree required.
• 5+ years of experience in real estate asset management, development, or real estate finance, or equivalent educational experience.
• Basic understanding of real estate development deals.
• Excellent written and oral communication skills.
• Creative thinking and detail-oriented approach.
• Expertise with Microsoft Office Suite.

Benefits

• Hybrid work schedules may be possible based on specific job duties and consistent with ESD policy.