Job Description

Acadia is seeking a Director of Asset Management to join its Development & Special Projects team.

The Director will play an integral role in managing the financial performance of large, mixed-use, shopping center assets and overseeing all aspects of business plan execution from acquisition through disposition. These retail properties play an important role in the surrounding communities and the Director will lead placemaking, marketing, and other strategic efforts to drive foot traffic, tenant sales, and future leasing. This is an interdisciplinary role that will require close collaboration with Acadia’s internal acquisitions, leasing, capital markets, legal, lease administration, construction, marketing, accounting, and property management teams. Additionally, the Director will be required to interface with external partners, lenders, consultants, contractors, attorneys etc. on a regular basis.

Key Responsibilities:

• Spearhead the preparation of business plans and execution of core and value-add projects within Acadia’s existing portfolio and pipeline.
• Maintain property financial models (Excel and Argus) on a regular basis to reflect leasing, financing, and other changes to the property business plan.
• Oversee design, construction and capital projects required to reconfigure tenant spaces, common area, and improve the assets as needed
• Identify profitable opportunities to drive outperformance in leasing strategy, parking revenue, ancillary income, marketing, digital signate, operating expense management, CAM recovery optimization, and other creative strategies to drive bottom line performance
• Oversee training and development of Analysts, serve as a leader and mentor to junior team members
• Present financial reports and analysis to senior management and external partners.
• Represent Acadia to partners, lenders, government agencies and other outside parties.
• Work across internal departments to execute asset level projects including but not limited to leases, spec developments, value engineering initiatives, etc.

Qualifications:

• Bachelor's degree required
• 5-10 years of previous work experience in commercial real estate development, asset management, or acquisitions; New York City & retail experience preferred
• Advanced financial modeling and analysis capabilities in MS Excel and Argus Enterprise is required
• Executive presence; comfortable speaking and presenting to the senior management team and joint venture partners
• Strong understanding and track record of overseeing retail property operations and asset management
• Experience with leases, CAM pools and tenant billing, design and construction, OEA/REA’s, condominiums, loan documents and other legal documents
• Ability to travel
• Solid interpersonal and communication skills
• Excellent collaborator; works well with a team.
• Self-starter, demonstrated ability to multi-task and prioritize workload.

The base salary compensation range for this role reflects the wide range of factors that are considered in making compensation decisions, including but not limited to, skill sets; experience and training; licensure and certifications; and other business and organizational needs. Compensation decisions are dependent on the facts and circumstances of each individual. A reasonable estimate of the current base salary range for this position is $160,000 to $175,000.

Employees may also be eligible to participate in an annual discretionary bonus program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Acadia Realty is an Equal Opportunity Employer - Acadia Realty is an Equal Opportunity Employer - Veteran/Disability

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