The Port of San Diego's Real Estate Department is looking for an Asset Manager who is able to perform a variety of responsible, professional-level duties involved in the acquisition, development, property management/administration and disposition of real estate. The department manages 34 miles of prime real estate along the spectacular waterfront of San Diego Bay and is home to more than 600 diverse businesses, including hotels, restaurants, retail, marinas, museums and regional economic drivers such as the San Diego Convention Center and the San Diego International Airport.
Under direction, performs a variety of responsible, professional-level duties involved in the acquisition, development, property management/administration and disposition of real estate in accordance with federal, state and District codes, regulations and policies; and performs related duties as assigned.
Asset Manager is the full working-level professional class in the Asset Management class series. Incumbents perform a wide range of straightforward to moderately difficult assignments to ensure District property and facilities are developed, managed and maintained to District standards. Incumbents are expected to apply technical real estate expertise and knowledge of legal, regulatory and policy provisions pertaining to District development projects and leaseholds.
Asset Manager is distinguished from Senior Asset Manager in that the latter class is the advanced professional class in the Asset Management series where incumbents are responsible for larger and more complex real estate projects and programs and for providing supervision to assigned staff.
Asset Manager is further distinguished from Assistant Asset Manager in that the latter class is the entry-level professional class in the series, and incumbents are responsible for routine assignments under guidance and supervision of more senior staff.
Essential Duties and Responsibilities
The following statements are intended to describe the general nature and level of work performed by people assigned to this classification. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
1. Researches and assists in developing, managing and monitoring activities of assigned properties and real estate projects; participates in developing program/project plans and budgets; develops and recommends asset management policies and procedures; plans, organizes and implements work activities to meet established real estate goals and objectives; contributes to real estate program and project compliance with all applicable laws, regulations and regulatory agency requirements.
2. Participates in the management of real estate development projects; develops financial pro forma and other analyses; participates in the formulation of development concepts; analyzes opportunities and constraints for alternative real estate development scenarios and sites; supports multiple stakeholders on development projects; works with assigned team to ensure project goals are achieved in a timely manner; monitors and reports on project budgets.
3. Conducts or participates in real property negotiations and transactions; prepares requests for proposals; prepares and administers leases; oversees the financial operations of Port assets; performs financial research.
4. Interacts or negotiates with tenants or their legal representatives; negotiates purchase, sale or transfer of Port assets and property rights; conducts market analyses of real property and performs periodic renegotiation of rents.
5. Analyzes the financial qualifications of prospective tenants; receives, investigates and contributes to the resolution of tenant or public complaints; inspects and reviews tenancies for compliance with lease agreements, insurance requirements and other District policies; oversees tenant improvements, renovation projects and signage.
6. Prepares reports and drafts legal real estate documents; establishes and maintains a database of District real property within assigned area or projects.
7. Coordinates with and provides asset management information/assistance to other Port departments and outside agencies/organizations; responds to a variety of real estate inquiries from internal and external sources; represents the department in meetings with developers, contractors, consultants and officials from other jurisdictions.
1. Principles, methods, practices and techniques involved in real estate development and leasing and strategic asset management.
2. Basic principles and practices of program/project planning, management and reporting.
3. Principles and practices of public administration, including purchasing, contracting and maintenance of public records.
4. Principles of negotiation.
5. Basic concepts and techniques of real estate appraisal; research techniques.
6. Federal, state and local laws, regulations and court decisions applicable to asset management and the Port's real estate programs/projects.
7. Principles and practices of sound business communication; real estate terminology.
8. Computer capabilities applicable to functional responsibilities.
1. Collect, evaluate and interpret appropriate and applicable real estate data.
2. Coordinate development and property management program activities with multiple stakeholders to ensure agreement and beneficial outcomes for the District.
3. Negotiate effectively across a wide range of real estate asset management functions.
5. Understand, interpret, explain and apply laws, regulations, ordinances and policies applicable to assigned real estate programs.
6. Understand, interpret and respond to tenant and developer needs and expectations.
7. Prepare clear, accurate and comprehensive reports, research studies, feasibility analyses, financial pro forma, correspondence and other documents.
8. Prepare legal property descriptions, lease agreements, contracts and other real estate documents.
9. Communicate effectively orally and in writing to both internal and external stakeholders.
10. Ensure the maintenance of all required files, records and documentation.
11. Exercise independent judgment and initiative within established guidelines.
12. Exercise tact and diplomacy in dealing with difficult and sensitive people, issues and situations.
13. Establish and maintain effective working relationships with those encountered in the course of work.
Education, Training and Experience:
Graduation from a four-year college or university with a major in public or business administration, finance, real estate or a closely related field; and three years of progressively responsible professional experience involving asset management, real estate property development and/or commercial/industrial property leasing. Time served as a District Intern will count towards the years of experience.
Licenses; Certificates; Special Requirements:
A current, valid California Class C driver's license at time of appointment and maintained at all times thereafter in order to operate a vehicle on District business.
If assigned to perform work at any of the District's maritime facilities you must be able to pass a background check in accordance with current Federal and State requirements.
PHYSICAL AND MENTAL DEMANDS
Persons with disabilities may be able to perform the essential duties of this class with reasonable accommodation. Reasonable accommodation will be evaluated on an individual basis and depends, in part, on the specific requirements for the job, the limitations related to disability and the ability of the hiring department to accommodate the limitation.
Internal Number: FY 19/20 #00023
About Port of San Diego
Working for the Port of San Diego means being part of an organization that has served the people of California for over fifty years. The Port is a protector of the environment, an innovator for businesses and a host to millions of residents and visitors each year. Excelling in our various roles takes a team of over 550 dedicated employees.
The Port is a self-funded, public benefit corporation. While we have the authority to tax, we have not done so since 1970, instead relying on innovative business practices to sustain our agency and provide public service amenities.Our company culture reflects this spirit of independence and forward-thinking aimed at continuous improvement of community service.
In addition to the opportunity to build upon our dynamic waterfront and be part of a unique 21st Century Port, we offer an extensive benefits package, including health and dental insurance, paid leave, tuition reimbursement, gym access, commuter pass reimbursement and employer-matched retirement contributions.
Join our team, and help make the Port a memorable place for the millions of people who work, play or stay here each year.