The Presidio Trust is seeking a Director of Residential Asset Management to manage our 1,150-unit residential portfolio. Once an Army base, the Presidio is a unique national park located in San Francisco at the edge of the Golden Gate. With 1500 acres rich with history, nature, and open space, the Presidio contains hundreds of restored former military buildings animated by more than 3,000 residents and 200 companies, including high tech start-ups, innovative non-profits, and other organizations that offer a welcoming mix of visitor experiences. On any given day at the Presidio, you'll find organizations pursuing new ideas, scientists conducting research, and people of all ages volunteering, learning, playing, and exploring.
Our ideal candidate has a strong background in financial modeling, reasoned decision-making, and identifying opportunities for increasing income streams. You have previous experience in property asset management, a keen ability to distill data to key observations and actionable recommendations, and the perfect blend of personal qualities for this relationship-based business. If you have these qualities, come help us lead a great team in celebrating one of our great National treasures, and preserving it for many generations to come!
Applications received by June 3rd will receive first consideration. We are planning to hold the first round of interviews the week of June 10th, the second round of interviews the week of June 17th, make a job offer in late June, and set a work start date approximately July 1st, 2019.
- Align the operations of the residential portfolio with the strategic goals of the Presidio:
- People – be visited and loved by all.
- Planet – be a model of environmental stewardship.
- Performance – be a model of operational excellence.
- Lead the delivery of the annual revenue and net operating income budget, and special project planning and execution.
- Oversee the contract for the Trust's third-party property management firm, including developing and ensuring implementation of the scope of work, annual operating budgets, reviewing performance, lease-ups in both new construction and occupied rehabs, and competitively bidding those services when appropriate.
- With third-party property management firm, develop and implement a strategy for marketing, leasing, maximizing revenues and net operating income, and managing vacancy costs.
- Identify, evaluate and recommend capital improvement and replacement projects in the Trust's residential portfolio, including potential reductions to environmental impact.
- Work collaboratively to create and refine reporting procedures, key operating metrics, and other informational systems to track projects, and enhance communications.
- Review and analyze monthly property financial statements from the third-party property management firm. Identify opportunities for improvement, recommend actions, execute improvements in collaboration with the third-party property manager, and work with the Real Estate Financial Analyst to update division dashboards.
- Prepare and manage annual operating budgets to insure implementation of multi-year capital plans in coordination and collaboration with other Trust divisions and the third-party property management firm.
- Coordinate and monitor housing policies, including those related to community relations, work force and below-market housing initiatives.
- Manage residential unit turns and capital projects, including project budgets and schedules, hiring and managing project consultants and coordinating with Trust staff on matters related to funding, design, historic and environmental compliance, and landscaping and infrastructure improvements.
- Work with the Chief Business Officer to identify and implement value-add investment opportunities in the residential portfolio, such as unit upgrades, investments in common areas and amenities, and development of new revenue opportunities. Oversee and coordinate the financial analysis of such investment opportunities.
- Work with other Trust staff and the third-party property manager to develop and implement Presidio-wide programs and policies affecting residential tenancy, including those associated with living in a national park and national historic landmark district. Unique conditions include those related to building modifications, natural resource protection, traffic/parking and resident/visitor interface. Work closely with the Building Stewardship department to ensure necessary, efficient and cost effective maintenance, repair and turn-over procedures. Determine the most appropriate manner to deliver these services.
- Use personal initiative, attention to detail, good judgment, and clear communication to develop effective working relationships with colleagues, residents and others.
- Use good judgment in prioritizing among competing obligations and pressures, often working under short deadlines.
- Bachelor's degree and at least five years of relevant professional experience in the real estate industry with specific in residential property management and development.
- Strong financial analysis and exceptional presentation skills
- Able to work effectively with a wide variety of professions and parties
- Competent in the use of Microsoft Word, Excel and Project
- Excellent writing skills
About the Presidio Trust Business Division
- Passion for parks; strong desire to work for the Presidio Trust
- California real estate license,
- Construction management experience and/or advanced degree(s) in real estate development, finance, urban planning, business or law
- MBA with concentration in real estate or finance
- Working knowledge of federal affordable housing programs and standards
The Business Division's mission is to develop and manage Presidio revenue sources and use these resources to maintain this National Historic Landmark District for the delight of our visitors for generations to come. We focus on rehabilitating and leasing historic buildings in the park, bringing them back to life as homes and contemporary workspaces, while maintaining excellent relations with tenants who love being here. We're home to two award-winning historic hotels; two full-service restaurants; a catering service; and five iconic structures that are available for high-quality hospitality experiences. We're proud of our role in making the Presidio successful, and sharing this beautiful place with the public.
The Presidio Trust has identified this position as subject to a standard employment background investigation which shall consist of a review of applicable county, state and Federal criminal and civil records, state bankruptcy indexes, driver's license, and a credit report. An individual's granting of a background investigation and resulting report is voluntary, however, employment is contingent upon the successful completion of the investigation. The Trust may refuse to hire an individual, rescind an offer of employment, or review and terminate the employment of a current employee who does not successfully complete a background investigation.
This position requires the completion of the U.S. Office of Government Ethics (OGE) Form 278, Public Financial Disclosure Report, both as a New Entrant into the position and annually thereafter. The purpose of the financial disclosure system is to assist employees and their agencies in avoiding conflicts between official duties and private financial interests or affiliations.