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Brennan Investment Group (BIG), a privately held industrial real estate investment firm which acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States is seeking a part-time Assistant Property Manager! The Assistant Property Manager is responsible for contributing to the overall operation and financial success of assigned properties in the Texas industrial market in accordance with company policies, procedures, and standards, ensuring that service delivery meets company performance and quality standards. Properties are located primarily in Houston, and secondarily in Austin, San Antonio and Dallas, and the location and number of properties is subject to change. The Assistant Property Manager reports to the region’s Managing Principal, with dotted-line relationship to the Acquisitions/Asset Manager.

Responsibilities

  • Develop and maintain positive relationships with all customers and vendors. Be proactive and responsive to customers’ needs and requests.
  • Responsible for the property revenues and expenses and uses sound financial measures to ensure that the budget and financial goals are met.
  • Ensure customers are current in receivables and lease responsibilities.
  • Perform and/or monitor collections and coordinate default proceedings.
  • Contact vendors and coordinate the completion of work when maintenance requests are received.
  • Assist in the creation and implementation of operating and capital budgets.
  • Establish and administer estimated/actual recoveries.
  • Coordinate operating expense reconciliations with the accounting department; must be knowledgeable of lease provisions.
  • Coordinate real estate tax review process for properties; communicate tax issues to senior management.
  • Coordinate insurance requirements for properties and associated vendor/supplies.
  • Coordinate AP/AR invoicing process for portfolio.
  • Support Managing Principal in achieving occupancy goals by offering superior customer service and relationship management to achieve high tenant retention levels by ensuring vacancies/marketable spaces are up to Brennan Investment Group standards.
  • Investigate all complaints, disturbances and violations and resolve the issues.
  • Ensure compliance with property management policies and procedures, codes, regulations and governmental agency directives. Maintain compliance by ensuring all property records are maintained in accordance with all legal requirements and Company policies and/or practices.
  • Coordinate environmental programs for assigned properties.
  • Coordinate the annual Customer Survey for assigned properties.
  • Coordinate the lease administration process by ensuring timely updates of any lease changes for assigned properties.
  • Coordinate customer move-ins and move-outs process for assigned properties in a timely and coordinated manner including the preparation of commencement letters, orienting new customers to property management office staff, services and procedures, meeting and coordinating with vendors, arranging for building access, and ensuring compliance with insurance requirements.
  • Follow established Company and legal requirements related to the default proceedings and eviction process.
  • Conduct routine site inspections to ensure that the physical aspects of the properties meet established standards regarding the grounds, curb appeal, risk management/safety requirements (OSHA), cleanliness, and general appearance, and implement corrective measures as necessary.
  • Solicit bids from contractors for work performed and award contracts after securing required approvals. Oversee contractors, vendors, and other service providers including proper documentation and monitoring of vendor performance to assure full compliance with standards established within the service agreement.
  • In conjunction with other departments, plan, schedule, and coordinate general maintenance, major repairs, and capital improvement projects.
  • Bid, award and oversee customer improvements and building improvements.
  • Act as a liaison between customer and construction management and participate in punch list walk-through and follow-up, coordinate finish selections.
  • Partner with other departments to resolve property management issues.
  • Assimilate and analyze information pertaining to market and economic conditions.
  • Other duties, as assigned.

Qualifications

  • Bachelor’s Degree from a four-year college or university.
  • 1-3 years property management experience required.
  • Must have work experience within industrial/commercial real estate.
  • Must be able to consistently maintain a professional demeanor.
  • Ability to provide superior internal and external customer service, strong diplomacy and crisis diffusion skills.
  • Must be able to multi-task, prioritize and work with minimal supervision, have strong attention to detail and excellent time management skills to ensure all established deadlines are met.
  • Demonstrated ability in verbal and written communication skills. Skilled in the use of the internet, spreadsheets, relational databases, and word processing software. Ability to process computer data and to format and generate reports. Ability to create, compose, and edit written materials.
  • Proficient working knowledge of Microsoft Office suite (e.g., Word, Excel, PowerPoint, Outlook)
  • Good mathematical and analytical skills.
  • Good working knowledge of property management accounting software.
  • Requires a valid driver’s license and the ability to travel to multiple properties.
  • As business dictates, able to work extended/flexible hours (e.g., nights/weekends/on-call).
  • MRI software experience preferred
  • Membership/activity in one or more professional real estate-based organizations preferred (BOMA, IREM, etc.).

Qualified candidates may submit resumes or inquiries to careers@brennanllc.com for further consideration.

About Us:

The Investment Associate role supports the real estate investment function of Brennan Investment Group (BIG), a privately held industrial real estate investment firm which acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States.

Overview:

The Investment Associate will play a critical role supporting the entire Investments platform of BIG, working directly for the Chief Investment Officer as its “right hand person” through investment evaluation, pipeline organization, financial modeling, market research, etc. The role requires meticulous organization skills, excellent analytical skills, and a strong work ethic to enhance BIG’s Investment platform, facilitating investments across BIG’s 17 regions. The Investment Analyst will also assist the CIO and CEO with special projects and corporate-level initiatives. S/he will report directly to the Chief Investment Officer, with secondary support to the Chief Executive Officer and the Capital Markets/Private Capital team.

Responsibilities

  • Directly support the Chief Investment Officer by evaluating all investment opportunities, conducting market research, preparing financial models, and supporting the overall investment strategy of the firm. Serve as the CIO’s “right hand person”, understanding all deals and maintaining a high level of organization throughout the entire investment life cycle (from evaluating a potential investment through disposition).
  • Assist the CIO with large national portfolios and strategic, corporate-level initiatives; manage underwriting on large national transactions including both new investments and monetization events.
  • Assist the CIO on strategic evaluation of BIG’s existing portfolio in terms of seeking monetization events (i.e. refinance, recapitalization, sale)
  • Enhance BIG’s Pipeline and Investment Committee efficiency:
  • Prepare and organize executive summaries for distribution;11
  • Collect, organize, and distribute pipeline materials;
  • Review underwriting from BIG’s Analysts throughout all BIG regions to ensure accuracy and that it meets BIG’s underwriting criteria.
  • Constantly seek ways to improve BIG’s tracking and efficiency
  • Enhance efficiency within the entire deal process:
  • Screen all new deals – with oversight of CIO – to determine if they warrant further pursuit.
  • Make improvements to BIG’s standardized templates including the proforma, comp tracking, market analysis, sale analysis, track record, investment memorandum documents, etc.
  • Assist Capital Markets team with reviewing underwriting and memos for securing Equity and Debt financing for new acquisitions and refinancing existing assets.
  • Collaborate with Due Diligence team to review underwriting prior to recommendation to CEO and CIO to waive due diligence/closing; run variance analyses, ensure underwriting meets BIG’s standards, and perform any other tasks ahead of closings.
  • Review comprehensive investment memoranda, prepare market studies, prepare hold/sell analyses, and review detailed business plans for the investment committee and external stakeholders.
  • Additional responsibilities and various ad hoc projects as assigned by the CIO and CEO.

Qualifications

  • The ideal candidate will have a minimum of 2-4 years’ experience, including the qualifications noted below.
  • Strong academic performance concentrating in finance, real estate, or economics:
  • Bachelor’s degree required; BS degree with concentration in finance and/or real estate highly preferred
  • Master’s degree in real estate, business administration, or related field highly preferred.
  • Previous experience with a commercial real estate/private equity firm required.
  • Experience within the industrial real estate sector highly preferred
  • Exceptional quantitative and analytical skills.
  • Experience in real estate financial modeling; fluency and hands-on experience in Argus Enterprise and advanced Excel modeling skills required.
  • Solid grasp of real estate investment concepts including cap rates and NOI.
  • Exceptional organizational skills and impeccable attention to detail. Ability to anticipate and fulfill the administrative/organizational needs for the offices of the CIO and CEO as they relate to large-scale investment portfolios, corporate-level initiatives and investment deal pipelines.
  • Strong written and verbal communication skills.
  • Highly motivated, with ability to work both independently and as part of a team in a fast-paced environment.
  • Excellent time management skills, with the ability to manage multiple projects and deadlines.
  • Strong, demonstrated work ethic, evidenced by willingness to work long hours and weekends when needed, and to work fully in-person onsite in the office alongside CIO.
  • Team-minded attitude, with strong motivation and desire to contribute to the success of the entire organization.

General Career Inquiries

MARY BETH TOPA, DIRECTOR OF HUMAN RESOURCES

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