Position Available –

VP, Asset Management – Commercial Property Group – Rialto Capital Management, LLC

Summary

Rialto Capital Management, together with its affiliates, is an integrated real estate investment and asset management company that invests and manages assets throughout the capital structure in real estate properties, loans, and securities. Rialto was formed in 2007 and has participated in the investment of billions of dollars of equity in real estate assets. The company is headquartered in Miami, Florida, and has professionals operating in offices throughout the United States and in Europe. Rialto’s executive management team is comprised of seasoned professionals who have been market leaders globally in CMBS securities investing, loan origination, distressed debt, and commercial and residential properties through multiple cycles. As of September 30, 2018, Rialto has approximately $5 billion in assets under management.

Rialto Capital’s Commercial Property Group (“CPG”) is responsible for acquisitions, asset management and dispositions of direct investments in properties across all property types at Rialto Capital Management. The Vice President, Asset Management has direct oversight and responsibility for asset management strategy and execution for Rialto Capital’s commercial property assets in the Western U.S which currently includes a portfolio of 1.5 million SF of office & mixed use in various stages of value-add / capital improvement. This is a role that is expected to grow over time as more capital is raised and the portfolio increases.

Key Responsibilities

  • Overall business plan execution for a portfolio of assets located throughout the West Coast
  • Identify and recommend prospective third-party leasing and property management teams for assigned portfolio.  Monitor performance of retained service providers and periodically benchmark performance against business plan and peer group assets in respective market areas.  Recommend corrective measures as necessary.
  • Develop, recommend and implement approved capital improvement strategies across the portfolio, including vendor selection and contract negotiation for major and/or critical path projects, oversight of on-site third party vendor activities, review and approval of progress payment applications, preparation and submission of draw requests, and processing or partial and final-lien releases.
  • Direct preparation of annual business plans, including annual leasing strategies, operating budgets, capital improvement budgets, and monetization strategies.  Present recommendations to senior management with sufficient supporting materials to facilitate expedient and informed decision making.  Ensure timely implementation and successful execution of approved plans.
  • Manage relationships with key partners, brokers, and operations teams in select markets.
  • Periodic reporting as required by senior management, joint venture partners, lenders, and investor relations.
  • Make strategic hold/sell recommendations and oversee asset disposition process
  • Assist with acquisitions process, as needed.

Specifications

  • Bachelor’s Degree from an accredited four-year university, MBA or Master’s Degree preferred
  • 7-10+ years of experience in institutional real estate asset management, acquisitions experience a plus
  • Relevant commercial real estate analytical experience (office, retail, multifamily and mixed-use) in acquisitions, asset/portfolio management and/or real estate finance.
  • Advanced financial analysis, forecasting and modeling skills with the ability to translate analysis quickly into practical results
  • Knowledge base of key construction/development processes, concepts, and contracts
  • Willingness to travel for extended periods and with minimal notice as required by operational activities and as directed by senior management.
  • Ability to multi-task effectively in a fast-paced environment while prioritizing projects to ensure timely deliverables
  • Excellent communication & organization skills with the ability to present analyses and recommendations in verbal and/or written formats
  • Proficiency with Excel, Word, PowerPoint and Argus

Working Conditions

While performing the duties of this job, the Associate is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop. The Associate must occasionally lift and/or move up to 25 pounds. Evening or weekend work may be necessary to meet deadlines.
This description outlines the basic tasks and requirements for the position noted. It is not a comprehensive listing of all job duties of the associates. Rialto Capital is committed to the principles of Equal Employment Opportunity. Our policy is to provide equal employment opportunity to all applicants and Associates without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age (40+), disability, veteran status, genetic information, or any other legally protected status.
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Job Snapshot

Employment Type:

Full Time

Location:

Santa Monica, CA

Job Type:

Investment Management

Experience:

5+ years
Contact Human Resources

If you think you have what it takes to be a part of a fast-paced, high-performance team of entrepreneurs, and talented real estate investment and asset management experts, we want to hear from you.

For more information about career opportunities or to submit your resume, contact us at:

Core Competencies

Rialto Capital focuses on the following core competencies in both recruitment and Associate development.

  • Depth of Knowledge and Expertise
  • Judgment and Decision Making
  • Focused on Results and Adding Value
  • Reliability/Dependability
  • Teamwork/Collaborative Problem Solving
  • Thoroughness and Accountability
Our Total Rewards

Rialto Capital provides an attractive Total Rewards package for our Associates, which includes:

  • Competitive total cash compensation
  • Competitive benefit offerings
  • Paid time off and leave programs
Get to Know us –
About Rialto Capital

Rialto Capital has a growing team of approximately 200 dedicated, highly experienced Associates. 

Our Corporate Office is based in Miami, Florida and we have numerous offices throughout the country. Rialto Capital’s infrastructure is further supported by Stone Point Capital offices located across the United States and Europe.