Asset Manager

About our Client

Our client is an established real estate investment firm with a diverse commercial portfolio throughout the Twin Cities region. Operating with an entrepreneurial approach, they manage approximately 800 apartment units, retail centers, land leases, and business investments across suburban and exurban areas. The firm operates as a lean team—a principal with CFO support and contract administrative staff—within a collaborative coworking environment.

This structure allows for direct access to seasoned investors while providing significant autonomy for team members to make meaningful contributions to portfolio performance and strategic direction.

About the Role

We are conducting a search for an experienced asset manager to oversee our client's diverse commercial real estate portfolio. This role offers a unique opportunity for a self-directed professional who values independence and wants to directly influence investment performance.

Unlike positions at large institutional firms, this role combines strategic portfolio management with hands-on operational oversight. The successful candidate will work directly with experienced investors, have significant autonomy in managing day-to-day operations, and play a critical role in building and optimizing organizational systems.

Responsibilites

The asset manager will be responsible for both strategic oversight and hands-on operational management, including:

• Managing financial performance and administration across a multi-property portfolio
• Coordinating with property managers, third-party vendors, lenders, and administrative staff
• Reviewing monthly property statements and independently identifying issues or opportunities
• Handling critical administrative tasks such as LLC renewals, lease renewals, and compliance documentation
• Developing organized systems and processes to standardize operations across the portfolio
• Analyzing financial statements to identify cost savings and investment optimization opportunities
• Preparing financial reports, cash flow analyses, and net operating income (NOI) calculations
• Proactively tracking upcoming obligations including mortgage resets and lease renewal deadlines
• Conducting periodic property visits throughout the Twin Cities metro area
• Presenting updates and recommendations to support informed decision-making regarding asset performance

Qualifications:

Our client is seeking candidates with the following background and skills:

• Proven experience in real estate asset management, property management, commercial real estate finance, or related roles
• Demonstrated ability to work independently with minimal supervision and take full ownership of projects
• Strong financial acumen with ability to analyze statements, calculate NOI and debt service, and evaluate investment performance
• Excellent communication and interpersonal skills for managing multiple stakeholder relationships
• Proficiency with Microsoft Office Suite (particularly Excel) and property management software such as AppFolio or Rent Manager
• Strong organizational skills and meticulous attention to detail when managing complex documentation
• Experience coordinating with property managers, lenders, and administrative teams
• Comfort with administrative responsibilities including lease renewals, documentation management, and compliance tracking
• Ability to establish and optimize reporting systems and organizational structures
• Understanding of commercial real estate terminology and investment principles

Characteristics for Success

Given our client's small team structure, this role requires specific personal attributes:

• Self-starter mentality with ability to identify and resolve issues proactively
• Comfort working in a lean, entrepreneurial environment rather than a large institutional setting
• Ability to build systems and solve problems without extensive support infrastructure
• Willingness to begin with foundational administrative work before progressing to strategic initiatives
• Self-awareness and genuine interest in developing expertise in commercial real estate
• Adaptability and eagerness to learn new systems and platforms