Vice President, Retail Asset Management

Company: JBG Smith
Location: Bethesda
Posted on: October 17, 2020

Job Description:

OverviewJBG SMITH is an S&P 400 Company that owns, operates, invests in and develops assets concentrated in leading urban infill submarkets in and around Washington, D.C. With a focus on placemaking, we drive synergies across the portfolio and create amenity-rich, walkable neighborhoods. Today, the JBG SMITH retail portfolio includes over 4.2 million square feet of retail under management, including third-party managed assets, and a significant retail development pipeline.ResponsibilitiesThe Vice President of Retail Asset Management will be responsible for coordinating the implementation of the investment strategy for individual retail assets by working closely with the leasing, operations, development, design & construction, accounting and lease administration teams to ensure that properties meet or exceed performance expectations.

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• Investment Strategy: Work with Senior Executives to set the strategic direction for each asset and proactively identify short-term and long-term value creation opportunities to enhance performance
  
• Finance: Manage the budgeting, forecasting, reporting and cash distribution process for each asset
  
• Leasing: Work with the leasing team analyze lease economics relative to budget/pro forma in the context of market dynamics and act as the ownership contact for tenants throughout their lifecycle including managing requests for rent relief assistance
  
  
  
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  • Design & Construction: Coordinate tenant build-out and capital improvement projects with architects, construction management and property management to ensure that tenants open on schedule
    
    
    
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    • Ownership: Maintain relationships with joint venture partners, third-party owners (where applicable) and lenders to ensure compliance with the governing ownership and financing agreements
      
      
    • Operations: Monitor property performance including review of financial statements and periodic site inspections to ensure that each asset's performance is progressing consistent with the strategic plan
      
    • Acquisitions / Dispositions: Provide strategic, underwriting and due diligence input in connection with new acquisitions and/or development opportunities and manage the asset disposition process
      
      
      QualificationsAt JBG SMITH, our culture is important. We are committed to the highest standards of integrity, creativity and teamwork. Along with those qualities, Vice Presidents in Retail Asset Management must also bring:
      
      
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      • Bachelor's degree and preferably an MBA in real estate, management, finance or business administration
        
      • Minimum of 6 years of retail real estate experience in asset management, investments or development
        
        
      • Strong analytical skills with experience in financial modeling, budgeting and reviewing retail leases
        
      • Dynamic leader with the ability to work collaboratively across departments and teams
        
        
      • Entrepreneurial and creative approach to problem-solving and managing change
        
      • Exceptional communication skills and attention to detail
        
        
        JBG SMITH is committed to hiring and retaining a diverse workforce. We are an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.

Keywords: JBG Smith, Bethesda , Vice President, Retail Asset Management, Hospitality & Tourism , Bethesda, Maryland