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Asset Management Associate

Tourmaline Capital Partners, LLC

Office Asset Class Agnostic

Bryn Mawr, PA

Salary Estimate: Confidential

Employment Type: Full Time

Work Place: Office

Experience Required: 2+ to 5 years

Education Required: 4 Year College

Job Description

Company Overview:

Tourmaline Capital Partners, LLC (“TCP”) is a Philadelphia-based, vertically integrated real estate private equity firm formed in early 2021 that acquires, operates, and develops top-tier office assets throughout the United States. TCP, along with its capital partners, continues to be one of the most acquisitive office investors in the U.S. and currently manages over 4.5M SF of Class A office assets and is the developer for 1M SF of office in Nashville and Dallas.

The professional will work directly with the firm’s executive team in all capacities to create, implement, and execute asset management business plans for the firm’s investments.

Job Description

Prepare and present business plans, budgets, and forecasts
- Recommend leasing assumptions and capital projects
- Monitor budgets in real-time and ensure compliance
- Review and understand variance reports
- Manage asset liquidity and cash flow forecasts
Prepare and distribute lender reports; ensure compliance with loan agreements
Prepare quarterly asset management reports to share with capital partners
Interface with outside parties including leasing brokers, tenants, property managers, lenders, and vendors
Prepare economic analyses for proposed leases
Manage construction projects and associated budgets
Assist in creating asset repositioning plans and engaging architects and contractors; manage third-parties through the renovation process
Remain current on market dynamics and competitive set for the firm’s portfolio
Support the acquisition team in its underwriting efforts; review operating and capital budget and opine on assumptions; perform operational and physical due diligence
Assist in the preparation of investment memoranda and ad hoc market research
Assist in the procurement of property financing
Support all other company initiatives as required

Qualifications

Minimum of three years of prior asset management experience in the office asset class (construction management experience is a plus)
Expertise with Microsoft Excel
Strong desire to work in an entrepreneurial environment
Excellent interpersonal and communication skills, both written and verbal
Self-motivated, energetic, and independent
Strong analytical and quantitative skills and detail-oriented

Other