Career Opportunities

• Asset Manager - Los Angeles, CA

  ASSET MANAGER – SOUTHERN CALIFORNIA

  COMPANY

  BH Properties (the ‘Company’) is a privately held commercial real estate investment firm focused on value-add acquisitions in retail, office, industrial, affordable housing and multi-family properties located throughout the Western United States along with investments in distressed debt and ground leases.  The Company is vertically integrated, with offices in Los Angeles, Phoenix, Dallas, Houston, San Francisco and Seattle.  Founded thirty (30) years ago and operating with no outside capital partners allows us advantages in moving quickly and creatively in structuring acquisitions to satisfy seller needs.  Today, the Company owns and operates approximately 10M square feet across 18 states.

  POSITION

  The Asset Manager will be primarily responsible for overseeing the operations of assets in Southern California along with participating in future acquisitions the Company may be considering.  The successful candidate will have worked in a principal-based environment with an investor acumen approach to maximizing cash flow and increasing value.   Demonstrated experience in managing retail leasing teams and understanding tenant mix along with representing the Company in a ‘front facing’ role within the community is integral.
  The role is highly visible, both internally and externally, requiring skills and experience in leadership, management, and communication.

  LOCATION

  Los Angeles County

  REPORTING RESPONSIBILITY

  Executive Managing Director of Operations and President

  RESPONSIBILITIES

  • Maximize the total return through implementing operational efficiencies and identifying value-add and revenue enhancement strategies.
  • Work closely with third party property managers, leasing agents, brokers, consultants, and attorneys to provide direction for, and oversight of, business plans, annual budgets, lease analysis and approvals.
  • Actively participate in the negotiation of new leases and renewals both in-house and through third party leasing brokers
  • Perform routine property inspections to ensure property and vacant suites are show-ready.
  • Maintain and expand relationships with our existing tenants and develop relationships with new prospective tenants.
  • Prepare monthly, quarterly, and annual portfolio reporting for review by the company’s senior management team
  • Negotiate third party contracts and oversee implementation of capital improvement and ‘value-add’ projects.
  • Work with the financial analyst staff to perform valuations on a quarterly and annual basis.
  • Manage the capital improvement strategies and processes, including oversight of construction management activities.
  • Perform ad-hoc analysis of potential issues while developing strategies to manage conflicts.
  • Monitor regional economic and investment trends to identify changes that could impact real estate values and strategy.
  • Work collaboratively with Company acquisition team members in evaluating potential investments and opportunities.

  KNOWLEDGE/SKILLS REQUIREMENTS

  • BA/BS degree in finance, real estate or related field with a strong record of academic achievement; graduate degree preferred.
  • The candidate will likely have had a minimum of 7-10+ years of commercial real estate asset management, principal-based leasing, and / or related experience with a strong background in urban retail centers.
  • Experienced in financial analysis, understanding of asset level financial statements, and possess a demonstrated level of experience in lease management and metrics for retail assets.
  • Knowledge of real estate accounting combined with strong analytical skills.
  • Knowledge of design and construction process
  • Experienced in Yardi, MS Office 365 (MS Teams & other applications), MS Excel, Argus is a plus
  • Must be highly organized, detail oriented, and able to manage multiple and concurrent projects to achieve goals.
  • Comfortable in a collaborative team-oriented environment
  • Exceptional communication and interpersonal skills
  • 20% Travel

  COMPENSATION

  $125,000-$135,000

  We offer an excellent compensation package along with a chance to grow and develop with a well-capitalized, privately held, entrepreneurial investment group understanding that it is not just a job, but a career.  For immediate consideration please submit your resume with salary requirements.  Resumes submitted with salary requirements will be considered a priority.

• Construction Project Coordinator - Phoenix, AZ

   CONSTRUCTION PROJECT COORDINATOR

  A privately held commercial real estate investment firm focused on the value-add acquisition of office, industrial, retail, and multi-family properties throughout the Western United States is seeking a Construction Project Coordinator to join our team in the Phoenix, AZ office.

  REPORTING RESPONSIBILITY

  The Construction Coordinator will report to the Lead Project Coordinator and Director of Construction.

  DUTIES

  • Support the Construction Team as needed to ensure all activities within each project are completed on time and deadlines are met
  • Responsible for entering project information data and project documentation into project management software applications (Yardi, Elevate)
  • Provide project documentation control, creating an accurate and organized filing system – following company procedures
  • Request and track all required Construction Project Documentation – including executed contracts, change orders, purchase orders, and close out documents
  • Maintain accurate status tracking log for all Project Submittals and RFIs
  • Assist with drafting, issuing, and tracking contracts and change orders as needed
  • Verify and track all vendor paperwork: including insurance, and business licenses
  • Assist in reviewing vendor and contractor invoices for accuracy and completeness of support.
  • Effectively and accurately communicate relevant project information to the appropriate project team members
  • Coordinate meetings, prepare meeting agendas, generate, publish, and distribute meeting minutes
  • Prepare reports for the Construction team

  QUALIFICATIONS

  • At least 2 years of experience in the construction industry
  • Solid organizational skills, including the ability to prioritize and multi-task
  • Working knowledge of Microsoft Office Suite, including Word, Excel, and Outlook
  • Ability to communicate effectively and professionally with all levels of the organization and externally with vendors and other outside parties
  • Ability to work independently and with minimum supervision
  • Ability to work in a fast-paced environment
  • Must possess strong work ethic
  • Must be a team player
  • Yardi experience preferred
  • 4-year college degree preferred, with an emphasis in Business or Construction management receiving top attention

  COMPENSATION

  We offer an excellent compensation package, an exciting opportunity, and the chance to grow and develop with a well-capitalized entrepreneurial investment group.  For immediate consideration please submit resume with salary expectations. Resumes submitted with salary requirements will be considered first.

• Head of Affordable Housing Acquisitions - Los Angeles, CA

  AFFORDABLE HOUSING ACQUISITIONS

  COMPANY

  BH Properties is a privately held commercial real estate investment firm focused on value-add acquisitions in office, industrial, retail, and multi-family properties throughout the Western United States along with investments in distressed debt, ground leases and affordable housing.  The Company is vertically integrated, with offices in Los Angeles, San Francisco, Riverside, Seattle, Phoenix, Dallas, and Houston and is able to acquire and close transactions, in most cases, in as little as ten days.  Founded thirty (30) years ago and operating with no outside capital partners allows us advantages in moving quickly and creatively in structuring acquisitions to satisfy seller needs.  Today, the Company owns and operates approximately 10M square feet across 18 states.

  POSITION

  Initially reporting to the President & CEO and working in partnership with the Head of Strategic Investments, the Head of Affordable Housing Acquisitions will be responsible for strategy, originating, underwriting, and closing Affordable Housing transactions in multiple markets with an initial focus on age restricted opportunities.  The successful candidate will have extensive acquisition experience and a deep understanding of the regulatory agreements encumbering affordable housing properties and the nuances that create a compelling acquisition.  The Company anticipates a focus on existing properties or portfolios in lieu of ground up developments.

  COMPENSATION

  $175,000-$200,000

  We offer an excellent compensation package, and an exciting opportunity, to grow and develop with a well-capitalized entrepreneurial real estate investment group. For immediate consideration please submit resume with salary expectations. Resumes submitted with salary requirements will be considered first.

  LOCATION

  Preferred location in either Los Angeles.

  RESPONSIBILITIES

  Focused on affordable housing, the candidate will be a key member of the Company’s acquisition team working in partnership with other acquisition professionals in a collaborative, team-oriented environment.

  In addition:

  • Participate in establishing a 5-year operating plan to scale the opportunity
  • Build-out the necessary infrastructure to support the strategy
  • Oversee the acquisition process, including sourcing, managing due diligence, reviewing third party reports, and working with legal and finance teams to facilitate closings
  • Prepare market analysis, underwriting and deal summaries for opportunities being recommended
  • Develop relationships within the brokerage, developer, and lender communities in target markets to facilitate opportunities
  • Attend selected conferences

  QUALIFICATIONS

  • 5-10 years of real estate acquisition and underwriting experience
  • Knowledge of the federal affordable housing programs (LIHTC & HAP) along with other legacy programs
  • Understanding of the various tax and financing alternative programs
  • Established relationships with regional third-party management companies
  • Established relationships within the investment sale broker community
  • College degree in real estate, business, finance, or accounting.
  • Advanced degree a plus
  • Knowledge of market rate multi-family acquisitions a plus
  • Strong quantitative and analytical abilities; ability to quickly assess deal viability
  • Outstanding analytical, verbal, and written communication skills
  • Ability to communicate and develop effective working relationships with others in a team oriented, collaborative and deadline driven environment
  • Team player who loves to brainstorm, problem solve and who can think independently
  • Travel required

  COMPENSATION

  We offer an excellent compensation package, an exciting opportunity, and the chance to grow and develop with a well-capitalized entrepreneurial investment group.  For immediate consideration please submit resume with salary expectations. Resumes submitted with salary requirements will be considered first.

• Senior Asset Manager - Seattle, WA

  SENIOR ASSET MANAGER – SEATTLE, WA

  COMPANY

  BH Properties (the ‘Company’) is a privately held commercial real estate investment firm focused on value-add acquisitions in retail, office, industrial, affordable housing and multi-family properties located throughout the Western United States along with investments in distressed debt and ground leases.  The Company is vertically integrated, with offices in Los Angeles, Phoenix, Dallas, Houston, San Francisco and Seattle.  Founded thirty (30) years ago and operating with no outside capital partners allows us advantages in moving quickly and creatively in structuring acquisitions to satisfy seller needs.  Today, the Company owns and operates approximately 10M square feet across 18 states.

  POSITION

  The Senior Asset Manager will be primarily responsible for a portfolio of Company owned assets throughout the greater Pacific Northwest along with participating in future acquisitions the Company may be considering. The successful candidate will have worked in a principal-based environment with an investor acumen approach to maximizing cash flow and increasing value with an emphasis on both office and retail properties. Demonstrated experience in managing retail and office leasing teams along with representing the Company in a ‘front facing’ role within the community is integral.
  The role is highly visible, both internally and externally, requiring skills and experience in leadership, management, and communication.

  LOCATION

  Seattle, WA

  REPORTING

  Executive Managing Director of Operations and President

  RESPONSIBILITIES

  • Maximize the total return through implementing operational efficiencies and identifying value-add and revenue enhancement strategies.
  • Work closely with third party property managers, leasing agents, brokers, consultants, and attorneys to provide direction for, and oversight of, business plans, annual budgets, lease analysis and approvals.
  • Participate in scaling the organization to accommodate growth
  • Actively participate in the negotiation of new leases and renewals both in-house and through third party leasing brokers
  • Perform routine property inspections to ensure property and vacant suites are show-ready.
  • Maintain and expand relationships with our existing tenants and develop relationships with new prospective tenants.
  • Prepare monthly, quarterly, and annual portfolio reporting for review by the company’s senior management team
  • Negotiate third party contracts and oversee implementation of capital improvement and ‘value-add’ projects.
  • Work with the financial analyst staff to perform valuations on a quarterly and annual basis.
  • Manage the capital improvement strategies and processes, including oversight of construction management activities.
  • Perform ad-hoc analysis of potential issues while developing strategies to manage conflicts.
  • Monitor regional economic and investment trends to identify changes that could impact real estate values and strategy.
  • Work collaboratively with Company acquisition team members in evaluating potential investments and opportunities.

  KNOWLEDGE / SKILL REQUIREMENTS

  • Bachelor’s degree in finance, business administration, or related field with a strong record of academic achievement; graduate degree preferred.
  • The candidate will likely have had a minimum of 7-10+ years of commercial real estate asset management, principal-based leasing, and / or related experience with a strong background in urban retail centers and office properties.
  • Experienced in financial analysis, understanding of asset level financial statements, and possess a demonstrated level of experience in lease management and metrics.
  • Knowledge of real estate accounting combined with strong analytical skills.
  • Knowledge of design and construction process
  • Experienced in Yardi, MS Office 365 (MS Teams & other applications), MS Excel, Argus is a plus
  • Must be highly organized, detail oriented, and able to manage multiple and concurrent projects to achieve goals.
  • Comfortable in a collaborative team-oriented environment
  • Exceptional communication and interpersonal skills
  • 30% Travel

  COMPENSATION

  $175,000 – $200,000 Base

  We offer an excellent compensation package along with a chance to grow and develop with a well-capitalized, privately held, entrepreneurial investment group understanding that it is not just a job, but a career.  For immediate consideration please submit your resume with salary requirements.  Resumes submitted with salary requirements will be considered a priority.