Senior Director, Retail Asset Management in Charlotte, NC at LMC, A Lennar Company

Date Posted: 9/15/2019

Job Snapshot

Job Description


Our Company:


LMC is a vertically integrated multifamily developer, manager, general contractor and fund manager.  Voted as 2016’s #1 Place to Work in Multifamily, the LMC family includes over 500 associates nationwide across 13 regional offices. In 2016, LMC closed the $2.2 billion fund vehicle Lennar Multifamily Venture – the largest ever dedicated multifamily fund in the US. In 2019, LMC closed on Lennar Multifamily Venture II, a $1.3 billion fund.  With over 85 communities capitalized since 2011, LMC is one of the top developers of multifamily in the country.


Summary of Position:


The Senior Director of Retail Asset Management will oversee the growing portfolio of mixed-use retail which currently entails 262,000 SF with another 250,000 SF in the pipeline.

Principal Duties and Responsibilities:

  • Assist development team, retail consultants, property management, accounting and senior management in setting and implementing property level business plans to maximize property value by meeting or exceeding underwriting assumptions
  • Work through any landlord/tenant conflicts
  • Provide analytical support on a wide variety of assignments including cash flow modeling and reforecasting, review of property operating statements and market research
  • Assist in appraisals, valuations, and disposition processes
  • Analyze financial data and reports against budgets and financial benchmarks
  • Manage monthly and weekly reporting, including working with accounting to manage tenant reimbursement calculations, billings and collections
  • Collaborate with other internal business units to analyze vacancy, absorption, rental rates and store sales
  • Assist in underwriting of new development or acquisition opportunities


Education and Experience Requirements:

  • Minimum of 7 years in commercial real estate, with a focus on retail and mixed-use properties
  • Bachelor's and/or Master's degree in Finance, Real Estate and/or Economics
  • Advanced Microsoft applications experience (Excel, PowerPoint, Word)
  • Must have excellent organizational, interpersonal, quantitative, writing and communication skills
  • Excellent problem-solving skills and results-oriented attitude
  • Ability to work as a team player
  • Outstanding time management skills
  • Self-starter and highly motivated with the ability to multi-task
  • Ability to travel as required

Physical Requirements:


This is primarily a sedentary office position which requires the Senior Director of Retail Asset Management ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity required to operate a computer keyboard, a calculator, and telephone equipment. May operate a motor vehicle. Position may require the ability to work in excess of eight (8) hours per day.


Additional Requirements:

  • Arrive to work on time.
  • Follow directions from a supervisor.
  • Interact well with co-workers.
  • Understand and follow posted work rules and procedures.
  • Accept constructive criticism.
  • Must be willing to work in an office.

This position outlines the basic tasks and requirements for the position noted.  It is not a comprehensive listing of all job duties of the position.  Duties, responsibilities and activities may change at any time with or without notice.


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