Director, Asset Management - Cambridge

Founded in 1993, DivcoWest is a multi-disciplinary real estate investment firm headquartered in San Francisco, with offices in Los Angeles, Menlo Park, Cambridge, Washington DC, Austin, and New York City. Known for our long-standing relationships and track record of success in innovative markets, DivcoWest combines entrepreneurial spirit with an institutional approach. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance the health, happiness, and well-being of all people. A disciplined code of ethics is at the core of all that we do. We believe that the collective energy of a diverse team is what drives our creative ideas and solutions.

The Asset Manager is responsible for optimizing the performance of the Company’s real estate assets in the Cambridge market. They will collaborate with the regional investment team, portfolio managers, fellow asset managers, tenants, property managers, building engineers, lenders, brokers, and contractors to ensure business plan execution. They will also assist the investment team with capital transactions such as acquisitions, financing, and dispositions. The right person for the role will possess a blend of strong interpersonal, analytical, and organizational skills. This entrepreneurial group prizes critical thinking, relationships, independent motivation, and transparent communication. The position is ideally suited for a highly motivated, detail-oriented individual with relevant asset management experience in the Cambridge market, a strong work ethic and a passion for real estate. This role requires 5 days in office at our Cambridge, MA location.

Responsibilities include:

• Work closely with in-house property management team, third party property managers, brokers, consultants, and attorneys to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis and approvals.
• Oversee and participate in quarterly and annual reporting/valuations for clients and senior management.
• Negotiate third party contracts and oversee implementation of capital improvement and value-add programs within the portfolio.
• Analyze lease transactions and negotiate leases.
• Monitor cash flow and budgets to maximize returns.
• Work collaboratively with the investment team members in evaluating potential investment opportunities, assist with due diligence and facilitate the process of onboarding new assets.
• Oversee hold/sell analysis and collaborate with other team members to make recommendations.
• Assist with special projects as needed.
• Travel may be necessary.

Qualifications:

• BA/BS degree with strong record of academic achievement; graduate degree a plus.
• 10+ years or more of commercial real estate asset management in Cambridge, preferably with institutional ownership.
• Experience with office and multifamily property types.
• Existing relationships in the Cambridge market.
• Strong financial, oral, and written communication skills.
• Highly organized, detail oriented, and able to handle multiple projects in team settings.
• Proficient in Excel, Office, PowerPoint, Argus and willingness to adopt new technologies leveraged across the company’s portfolio.
• Highly driven, with a positive, solution-oriented attitude.
• Ability to think like an owner in all decision making.
• Entrepreneurial spirit with a willingness to do what is necessary.
• Ability to travel to properties.

The person in this position must be able to:

• Remain in a stationary position for 75% of the time working on a computer and attending virtual meetings.
• Occasionally move about the office to access file cabinets, office technology, attend meetings, and visit properties.

Compensation: $175,000-$200,000 Annual bonus opportunity Full benefits 401k Flexible vacation policy Weekly lunch stipend.

Divco West Services, LLC (“Company”), an equal opportunity employer, is committed to equal opportunity for all employees and applicants.