Real Estate Asset Manager

About Penwood Real Estate Investment Management, LLC

Penwood is a Registered Investment Adviser formed in 2003 and based in Hartford, CT.  Penwood is an entrepreneurial real estate investment advisory group focused on the institutional investor market.  Penwood provides a national real estate perspective, disciplined management process and experienced investment management.  Penwood is currently focused on value-added development, redevelopment/rehabilitation and income-producing industrial investments in major seaport markets. Penwood is an Equal Opportunity/Affirmative Action Employer and is committed to diversity in its workforce.

We are currently seeking a Real Estate Asset Manager to join our Connecticut headquarters location to manage industrial real estate investments located in Southern California and Northern New Jersey.

Characteristics of the Candidate:

The candidate should be self-motivated, organized, analytical, pre-emptive, versatile, and thrive in a fast-paced and dynamic environment. 

Responsibilities:

The Real Estate Asset Manager will work with the company’s principals and be primarily responsible for supporting activities related to the company’s ongoing management and analysis of assets under management.  The primary responsibilities include: 

• Analyze leasing and investment sale opportunities and preparation of hold/sell recommendations.
• Create cash flow models using Excel spreadsheets and Argus Enterprise to calculate expected rates of return.
• Manage the development process and monthly draw requests.
• Provide support for the quarterly valuation and reporting process.
• Manage the annual budget planning process and regularly monitor expenditures.
• Compile and maintain databases on economic, demographic and comparable leasing/sale trends for the company’s investment markets.
• Maintain and upgrade (as necessary) the company’s financial analysis models and spreadsheets.
• Conduct market research to establish and verify the assumptions in the financial models.
• Conduct site visits to ascertain economic, demographic and comparable information for valuations and prospective investment opportunities.
• Prepare investment committee briefs.

Required Skills:

• Bachelors Degree with focus in finance, economics or real estate.
• Minimum 5 years of relevant analytical experience.
• Computer literate, knowledge of Argus Enterprise required.
• Excellent written and verbal communication skills.
• Very strong organizational, analytical and problem-solving skills.
• Ability to work seamlessly on multiple projects and tasks.
• Team oriented and willingness to perform tasks outside his or her job description.
• The ability to meet deadlines.
• Self-motivated and energetic.
• A strong desire to work in real estate.

Compensation: Penwood offers a competitive base salary with bonus based on the experience and capabilities of the candidate. The company offers a comprehensive benefits program.

Any applicant selected for this position will be required to submit to an extensive background screening, drug screening and a credit check. Failure to comply will eliminate an applicant from consideration for this position. Any negative information obtained as a result of the background screening may result in the disqualification of the applicant from this and any other position in Penwood. All candidates must be authorized to work in the United States.