Associate, Asset Management - Acadia Realty Trust : Job Details

Acadia (NYSE:AKR), headquartered in Rye, New York, Acadia Realty Trust (NYSE:AKR) is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual - core and investment management - platforms.

Our energized team is accomplishing this goal by building a best-in-class, location-driven core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic urban and street-retail corridors, including those in New York, Chicago, Los Angeles, San Francisco, Washington DC, Dallas, and Boston. At the same time, we manage opportunistic and value-add investments through our investment management platform.

Position Description:

Acadia is seeking an Associate to join its Asset Management team.

The Associate will play an integral role in managing the financial performance of a portfolio of assets (core, value-add, and development strategies) and overseeing all aspects of business plan execution from acquisition through disposition. This is an interdisciplinary role that will require close collaboration with Acadia's internal acquisitions, leasing, capital markets, legal, lease administration, construction, accounting, and property management teams. Additionally, the Associate will be required to interface with external partners, consultants, contractors, attorneys etc. on a regular basis.

Key Responsibilities:

* Maintain property financial models (Excel and Argus) on a regular basis to reflect leasing, financing, and other changes to the property business plan.

* Present financial reports and analysis to senior management and external partners.

* Work on short term and long term projects that span accounting, acquisitions, and capital markets

* Represent Acadia to partners, lenders, government agencies and other outside parties.

* Work across internal departments on new leases and oversee execution of Landlord work in conjunction with our construction department. Including but not limited to:

* Prepare financial analysis of deal terms and impact on property-level returns to inform negotiations.

* Collaborate with internal construction team to review work letters and budget any landlord work.

* Interface with Tenant's team to negotiate work letter.

* Monitor budget and schedule of landlord work and tenant build outs.

* Assist with assessing the feasibility of value-add, re-development, and development opportunities within Acadia's existing portfolio.

Qualifications:

* Bachelor's degree required

* 3+ years of previous work experience in commercial real estate asset management, acquisitions, or development; retail experience preferred

* Advance financial modeling and analysis capabilities in MS Excel and Argus Enterprise

* Executive presence; comfortable speaking and presenting to senior management team

* Familiarity with 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 $115,000 to $130,000.

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 - M/F/Veteran/Disability/Sexual Orientation/Gender Identity