Associate, Asset Management

SUMMARY:

Hackman Capital Partners is seeking an Associate of Asset Management to support the Hackman Studio Fund. The candidate will be involved in all aspects of asset management, from leasing to property management, development, entitlement and construction and will work closely with internal and external stakeholders to help optimize the assets and maximize long-term value of our studio real estate. 

The ideal candidate will have a relentless work ethic, possess strong technical skills and quantitative reasoning, demonstrate a willingness to self-start and problem solve, and bring a deep passion for asset management, real estate and operations oversight to the role. The candidate will have demonstrated increasing responsibility overseeing assets and optimizing their value. This highly visible position has tremendous long-term growth potential within Hackman Capital Partners.

KEY RESPONSIBILITIES:

1. Portfolio Support:

• Assist in the implementation of strategic asset management plans across multiple studio, commercial office and retail properties and markets.
• Support property performance evaluation, lease negotiations, tenant interactions, and financial analysis.
• Contribute to identifying opportunities for enhancing property value through lease up initiatives, strategic capital investments, and income optimization efforts.

2. Leasing and Tenant Engagement:

• Perform analysis on potential tenancies by tracking lease terms and running comparison against underwriting and alternative options.
•   Maintain and track lease activity, tenant roll, and vacancy pipelines
• Support lease negotiations, renewals, and new tenant onboarding.
• Partner with brokerage teams to advance leasing activity and tenant retention.
• Assist in addressing tenant inquiries and maintaining positive tenant relationships.

• Partner with property management and construction teams to ensure timely delivery of tenant spaces

3. Financial Analysis and Reporting:

• Develop, maintain, and analyze financial models, budgets, reforecasts and performance reports, leveraging advanced Excel and ARGUS skills, to inform decision-making and stakeholder communication.

• Manage the internal Asset Management meeting agenda and proactively work with teams to advance agenda items.
• Contribute to interpreting property-level financial data, identifying trends, and providing recommendations.
• Prepare quarterly asset management reports, investor updates, and lender reporting packages
• Assist in evaluating capital structures, including refinancing and debt strategy
• Participate in evaluating potential acquisitions, dispositions, capital allocation decisions, and development opportunities.

4. Capital Projects and Development Support:

• Support the planning, budgeting, and execution of capital improvement projects and tenant buildouts
• Support property development and entitlement initiatives, collaborating with cross-functional internal and external teams including architects, contractors, and legal professionals.
• Contribute to ensuring projects align with strategic objectives and timelines.
• Prepare regular reporting to track spend and variances to approved budget.

5. Team Collaboration:

• Work closely with asset management team members, learning from experienced professionals and contributing to team efforts.
• Contribute to various projects supporting the advancement of Studio/commercial real estate.
• Collaborate on market research, data analysis, and other asset management tasks as needed.
•   Take ownership of deliverables and deadlines, with a willingness to “roll up your sleeves” and problem-solve

6. Market Awareness:

• Stay updated on industry trends, market dynamics, and regulatory changes influencing the real estate and office/studio sectors.
• Assist in leveraging insights to inform strategic decision-making and enhance asset management strategies.

Salary Range: $110,000- $140,000 base salary, plus discretionary bonus and benefits.

Requirements

•   3-4 years of asset management experience with a commercial real estate investment/development firm, major investment bank, consulting firm, hedge fund, private equity firm, asset manager, or similarly focused organizations.

• Demonstrated experience in overseeing commercial real estate with an emphasis on revenue optimization, cost management, project oversight, and staying on or below budgets and within timeframe.
• Advanced expertise in Excel, ARGUS, Word, PowerPoint, and similar software experience preferred. Per the responsibilities of this role, applicants must be able to apply complex formulas to develop and modify financial models and cash flow projections for operating assets and development projects, with complex waterfall distributions.
• Familiarity with core real estate agreements: leases, purchase and sales agreements, property management agreements, broker listing agreements, partnership agreements, loan documents, construction contracts, consulting agreements, vendor agreements, and intercreditor agreements.
• Outstanding analytical, quantitative, and problem-solving ability
• Highly organized with strong attention to detail and follow-through.
•   Strong work ethic: high level of initiative, willingness to self-start, and ask questions; commitment to accurate, high-quality work product; excellent oral and written communication, and interpersonal skills; and a passion for real estate. Demonstrated ability to work independently while managing multiple priorities.
•   Enthusiasm for learning and growing within a dynamic real estate environment.
•   A degree from a four-year accredited university is required; an MBA is preferred.

Benefits

• Complimentary on-site valet Parking
• Lunch ordered on-site 3x week
• Well stocked pantry with "healthy" snacks
• Regular social events/team building
• 100% employer paid benefits for employee
• Generous coverage for dependents
• Generous 401k
• Dog Friendly workplace
• Generous Holidays/Time Off