Reports to: Portfolio Manager
Primary Duties:
• Directly manage a portfolio of clients, manage client requests, and monitor client financial performance and financial covenant compliance through Quarterly Credit Reviews (QCRs). Maintain prompt and service-focused communication with team members and management.
• Serve as a member of fast-paced sale-leaseback and development underwriting deal teams focused on transaction management, contract negotiations, client communication, due diligence underwriting (appraisals, environmental reports, surveys, zoning reports), and credit underwriting.
• Leverage strong written communication skills to author and contribute to Investment Committee Memos to request and justify approval for changes to a lease or property (such as lease assignment requests, consents to property alterations).
• Work with in-house and external attorneys to negotiate leases, lease amendments, purchase & sale agreements, and other property and lease-related legal documentation.
• Manage the approval, risk management, and administration of construction project financing on Capital Automotive’s properties, including ground-up developments as well as exterior renovations of existing facilities.
• Support other departments and functions by assisting in property sales, property re-tenanting, portfolio refinancing, and portfolio reporting.
• Contribute to continuous personal and team development by becoming a subject matter expert on certain CARS processes, leading and participating in training, and contributing to Portfolio Management recruiting efforts. Demonstrate and hone leadership skills by participating in the annual summer internship program as an intern manager, project leader, and/or trainer.
Why You Are Going to Love This Job:
• Diverse Responsibilities: From underwriting real estate acquisitions to analyzing client financial performance, no two days are the same
• Team Collaboration: Work closely with a dedicated team of professionals who are experts in their field and have direct exposure to all departments at Capital Automotive
• Growth Opportunities: Capital Automotive supports your career development with training, shadowing, and advancement opportunities
• Innovative Environment: Be part of a company that continually adapts and evolves to meet the needs of the automotive retail industry and its clients, including by expanding portfolio investment classes.
• Impactful Work: Contribute to projects that directly support the growth and success of our clients
Qualifications/Requirements:
• Education: Bachelor’s degree in Business Administration, Real Estate, Finance, Accounting, or relevant business field
• Work experience: A minimum of two years of commercial credit, accounting, finance, asset management, or real estate experience desired
• Technical competencies: Experience with Microsoft Office Suite, including intermediate to advanced level in Microsoft Excel
• Strong organizational, time management, and written and oral communication skills required.
Ready to accelerate your career with a company that values initiative, teamwork, and professional development? Capital Automotive (CARS) is searching for a driven and well-rounded Real Estate Portfolio Management Associate to join our dynamic Portfolio Management team. This role will sit at the intersection of real estate asset management, credit underwriting, and project management. You will bring organizational, communication, and problem-solving skills, along with an eye for detail, to the table to help the Portfolio Management team produce creative solutions for our clients. If you have the desire to work with an industry leader focused on fusing automotive lending with real estate and have a knack for creative problem solving, this is the perfect opportunity to make a significant impact.
About Us
Capital Automotive is a truly unique company that is invested in the development and personal growth of every employee. We have a collegial, open-door environment with significant learning opportunities for many aspects of commercial real estate. We offer competitive pay and benefits; a work from home policy that permits regular remote Fridays; additionally, the company currently provides paid parking and lunch at several delis/cafes in the immediate vicinity of the office in addition to other unique perks.
As the first company solely focused on providing highly tailored sale-leaseback capital to the automotive retail industry, Capital Automotive has exclusively supported automobile dealers since 1997. The company’s stock was publicly traded on NASDAQ through December of 2005 when we completed a privatization with DRA Advisors LLC. In February 2022, Capital Automotive was acquired by Ares Management.
Through custom tailored real estate finance, we have assisted dealer groups in growing their organizations, acquiring new locations, upgrading existing facilities, constructing new stores, and facilitating estate planning and partner buyouts. In many situations, we have aided dealers by maximizing liquidity and flexibility.
Our creation was a collaboration between automobile dealers and experts in real estate and finance. Since inception, our team of professionals has developed and maintained relationships throughout the industry that have provided us with an in-house level of expertise unparalleled in the marketplace. By listening to our clients and prospects, we continue to add new products and tailor existing products to better serve the auto retail industry.
Join us at Capital Automotive and drive your career to new heights! Apply today and become part of a team that values your contributions and fosters professional growth.
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