Asset Manager

Elm Street Development is a 100% fully COVID-19 vaccinated company and has a mandatory vaccination policy in place.

Elm Street Development is seeking an experienced asset manager to oversee their income-producing real estate portfolio. The position will be responsible for asset management, leasing, financing, development, and construction. A successful candidate will be a well-rounded self-starter with excellent general management and communication skills. Requirements include: a master’s degree or undergraduate major in business administration or finance; excellent Excel skills; excellent business communication skills, both spoken and written. Three to five years of experience in commercial real estate banking or property management is strongly preferred. Salary range: $130,000-$140,000 based on experience.

Duties include but are not limited to:
• Overseeing stabilized assets by directing third party property managers and leasing brokers.
• Managing third party contractors for construction of new retail properties to bring them to stabilization.
• Implementing programs to improve property performance and maximize cash flow.
• Analyzing financial statements and property operating statements.
• Reviewing and directing annual property budgets.
• Making leasing decisions for all new leases and lease renewals: negotiate business terms and lease documents.
• Planning and presenting at annual partner meetings.
• Managing communications to partners.
• Supervising capital improvement programs.
• Managing third party annual appraisals.
• Preparing and improving monthly, quarterly, and annual reports on the portfolio’s operations, financials, leases, capital improvement projects, etc.
• Preparing loan packages for commercial property mortgages.
• Assisting the CFO in commercial property loan closings, refinances, and compliance reporting as needed.

Enjoy A Variety of Perks and Benefits Including:
• Competitive compensation package and bonus plan
• 100% employer-paid health insurance
• 100% employer-paid life and disability insurance
• Dental & Vision Insurance
• Paid time off - holidays, vacation, sick, personal, and bereavement
• Company matched 401K

Elm Street Development is about more than developing land. Throughout every phase of development, from land acquisition through construction and on to sales, we are always aware of the responsibility we have to those who have an interest in the land. We focus not just on developing land, but also on developing lifestyles, neighborhoods and relationships that enhance the lives of everyone involved.

Founded in 1977, Elm Street Development is a privately owned real estate development firm
with communities throughout the Washington, Baltimore and Eastern Shore regions. Elm
Street’s main line of business is residential development; the company typically sells about 1,000
lots per year to homebuilders. Elm Street’s current commercial property portfolio is comprised of 25 properties, including 20 multifamily properties, some retail and office properties with a pipeline of 6 apartments and a few retail properties to be developed. With hundreds of completed projects to our credit, we have experience in planning and developing:

• Master-planned communities
• Traditional neighborhood developments
• Infill developments
• Multi-family apartment and condominium communities
• Single-family and town home communities
• Mixed-use developments

Contact Information
Elm Street Development Attn: Lauren Bauer, Vice President- Finance & CFO
1355 Beverly Road, Suite 240
McLean, VA 22101
Lbauer@elmstreetdev.com
www.elmstreetdev.com
(703) 734-9730

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.

LIMITATIONS and DISCLAIMER: This job description only describes the general nature and illustrative level of work performed; it is not intended as an exhaustive list of tasks, responsibilities, and skills. Team members will be required to follow other job-related instructions and to perform other duties requested by their supervisor in compliance with federal and state laws. Requirements are representative of minimum levels of knowledge, skills and/or abilities necessary to perform each duty proficiently. Continued employment remains on an “at-will” basis.