Senior Real Estate Asset Manager

$190,000 - $220,000/Yr

Bessemer Trust - Los Angeles, CA

Full-time - Senior

Hybrid - Los Angeles, CA

1,001-5,000 employees

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

Bessemer Trust is seeking a Senior Real Estate Asset Manager to join our Wealth Planning department in Los Angeles, CA. This role is pivotal in managing and advising on a diverse portfolio of real estate assets, which may include residential single-family homes, apartments, retail spaces, industrial properties, office buildings, net leased assets, ranches, timberland, and vacant land. As a fiduciary, we are committed to managing family homes and real estate investments across all asset classes, ensuring that we meet the unique capital demands of our clients and help them achieve their specific investment goals over generations. The Senior Real Estate Asset Manager will report directly to the Head of Real Estate Advisory and will play a crucial role in providing highly customized solutions in a confidential setting, reflecting our status as an industry leader in wealth management. In this position, the Senior Real Estate Asset Manager will be responsible for overseeing a portfolio of assets, working closely with clients and co-fiduciaries on the purchase and sale of real property. This includes conducting thorough market due diligence, engaging real estate brokers and attorneys, establishing pricing, negotiating relevant documents, and managing the administration of transactions through to closing. The role also involves overseeing capital improvement and repair projects, recommending and managing relevant professionals and vendors to ensure projects are completed on time and within budget. Additionally, the asset manager will be responsible for the management of commercial investments, collaborating with third-party partners and property managers to ensure that our clients' interests are represented effectively. The successful candidate will also negotiate lease agreements with both residential and commercial tenants, ensuring compliance with lease terms, including rent, escalations, options, and insurance obligations. Close collaboration with the Operations team is essential to ensure adherence to regulatory compliance, policy, and efficiency in departmental transactions. This position requires a results-driven individual who is a motivated self-starter, with excellent interpersonal, organizational, presentation, and communication skills, as well as a keen attention to detail. The ideal candidate will have a strong background in fiduciary responsibilities and a deep understanding of the real estate market.

Responsibilities

• Oversight of a portfolio of assets in various asset classes including residential, commercial, and vacant land.
• Work with clients/co-fiduciaries on the purchase and sale of real property, conducting market due diligence, and negotiating relevant documents.
• Oversee capital improvement and repair projects, recommending and managing relevant professionals and vendors.
• Manage commercial investments, collaborating with third-party partners and property managers to represent clients' interests.
• Negotiate lease agreements with residential and commercial tenants, ensuring compliance with lease terms.
• Collaborate with the Operations team to ensure regulatory compliance and efficiency in transactions.

Requirements

• Bachelor's degree in a related field.
• Minimum of 15 years of related real estate experience, including asset management and oversight of capital transactions.
• Experience in institutional asset management and/or property management across a broad range of property types.
• Knowledge of transaction processes, underwriting, valuation, and financing of residential and commercial real estate.
• Proficiency in Microsoft Office Suite; experience with Yardi and Argus is a plus.
• Excellent interpersonal, organization, presentation, and communication skills.
• Strong attention to detail and results-driven mindset.

Nice-to-haves

• Fiduciary experience is a plus.

Benefits

• Competitive base salary plus discretionary annual bonus for select positions.
• 401(k) plan with a generous annual profit-sharing contribution.
• Personalized development and career opportunities, including tuition reimbursement support.
• Comprehensive medical, dental, and vision plans with zero contributions for employee coverage.
• Employee assistance (EAP) and wellness programs.
• Hybrid work environment: 60% in office, 40% remote for most positions.
• Paid time off and paid parental leave.
• Employer-paid life insurance and short- and long-term disability coverage.
• Legal services and financial wellness plans at no cost to employees.