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Real Estate Asset Manager
Date published: 25-Jul-2022
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $44.4 billion of assets under management as of June 30, 2022. Founded in 1998, Fortress manages assets on behalf of over 1,900 institutional clients and private investors worldwide across a range of credit and real estate, private equity, and permanent capital investment strategies. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. For additional information on Fortress, please visit www.fortress.com.
Fortress’s Credit business was launched in 2002. Today, the Fortress Credit team consists of over 525 professionals and is focused on investing globally, primarily in undervalued assets and distressed and illiquid credit investments. The investment team has a long and established track record investing throughout a number of credit and distressed cycles around the world. With over 130 professionals dedicated to asset management in 11 office locations worldwide, the Fortress Credit team also has the experience and expertise to manage and service assets with operational complexity.
The Net Lease Group at Fortress was established at the inception of the credit business in 2002. The small, tight knit and high output team acquires a high volume of net lease assets, with a proven track record of success.
Fortress’s Dallas office has an opening for an Asset Manager to join the Net Lease Group and help manage the net lease portfolio of assets. The Asset Manager will work alongside a very dynamic, high performing team and will be expected to become an invaluable member in its future success.
Overseeing and monitoring the performance of a diverse portfolio of net leased assets across the United States and United Kingdom.
Prepare asset status reports, action plans and any other recommended action for the team
Monitor loan covenants and reporting requirements of the portfolio and provide ongoing reports to the team.
Review and become an expert on the transaction and loan documents on all assets
Responsible for confirming rent collection, loan payments, other payables and distributions.
Review and analyze property financials and keep informed of market dynamics and key factors affecting current and future asset performance
Keep abreast of tenant financials with the help of the broader team and keep abreast of industry and any macro headwinds
- Conduct periodic site visits to review physical condition, compliance standards and changes in market dynamics
Research and present well thought out asset disposition strategies
Develop strong relationships and effective lines of communication with JV Partners, developers, lenders, brokers and other third parties.
Particularly important to develop very strong relationship with tenants with a focus on service and collaboration, leasing agreements and property management agreements
Effectively interact with in-house departments including but not limited to accounting, and legal to ensure a consistent understanding of performance expectations and efficient use of resources
3-7 years of direct and hands on experience in commercial real estate asset management in Retail, or Office and / or Net Lease experience; Investing preferred but not required
Excellent modeling and analytical skills, attention to detail and strong organizational skills
Strong proficiency in MS Office and especially in Excel
Bachelor’s degree from top notch University required or experience working for a stellar organization required.
Self-starter, able to work independently or in a team environment
Argus is preferred, but not required
Outstanding written and verbal communication
Demonstrated success managing multiple projects in a fast-paced environment
Unquestionable integrity and ethics
Master’s degree a plus
Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.