Vice President of Asset Management

LOCATION: Remote; preference for Chicago or South Florida

ABOUT SECOND HORIZON CAPITAL

Second Horizon Capital ("2HC") is an impact investment real estate company focused on creating sustainable redevelopment and revitalization of large format commercial properties across the United States. 2HC seeks to transition underutilized / challenged real estate assets into robust community centers and local economic engines. As a double bottom line focused investor, 2HC proactively enhances assets, works with local stakeholders, and focuses on driving returns and positively impacting local communities. The 2HC team combines unique expertise in distressed and impact investing, urban development, asset repositioning, and capital markets to implement bespoke solutions that create value for stakeholders, drive sustainable growth, and enhance critical infrastructure. 2HC’s portfolio currently includes centers in Virginia, Arkansas, Massachusetts, and Illinois and is actively growing its footprint across the United States.

ABOUT OUR TEAM

As impact investors, 2HC leverages our talent and resources to drive economic, societal, and environmental benefits for all stakeholders across our business, its operations, and beyond. With a value-driven investment philosophy coupled with a culture of innovation, teamwork, and integrity, 2HC looks for highly motivated candidates from traditional and non-traditional backgrounds. We cultivate talent, providing growth opportunities through ongoing professional development at all stages of our team members’ careers. If you are inspired by revitalizing and redeveloping the built environment and are committed to strengthening communities, we encourage you to apply.

POSITION SUMMARY

2HC is seeking a qualified Vice President of Asset Management to join its team. The Vice President of Asset Management will support and report to Co-Founders and Managing Partners and work closely with members of 2HC’s Investments and Impact teams. The Vice President of Asset Management will be engaged in all aspects of 2HC’s portfolio management process, including third-party management oversight, capital investment plans, due diligence, and business plan formulation and implementation. Additionally, the Vice President of Asset Management shall support underwriting activities and provide operational benchmarking on potential investments. The Vice President of Asset Management must have demonstrated proficiency in real estate operations in an institutional environment, and be creative, flexible, and committed to driving meaningful and measurable positive impact through investment.

KEY RESPONSIBILITIES

• Regularly collaborate with third-party property management and leasing teams on ongoing operations, financial performance, and tenant relations.
• Review and support implementation of asset-level budgets, including detailed operating and capital expenditure plans.
• Collaborate with stakeholders including property managers, leasing teams, accounting, legal representatives, brokers, and others to support value creation and risk mitigation efforts.
• Participate in due diligence reviews for potential acquisitions, including oversight of property-level operational reviews, and support on financial models and business plans to identify opportunities and weaknesses of proposed projects.
• Perform periodic site inspections to support property performance and ongoing implementation of asset improvement programs.
• Regularly benchmark operations across portfolio and identify opportunities for enhancements across different assets / managers.
• Contribute to leasing activation and review efforts including supporting tenant acquisition and retention strategies.
• Contribute to preparation of regular portfolio updates for Managing Partners and third-party investors.
• Work on special projects, as needed.
• Ability to travel (40%-60% of the time).

QUALIFICATIONS

• At least seven years of experience in an institutional real estate asset management role, including operations, accounting, and third-party management oversight at a portfolio level. Preference for focus on retail and / or mixed-use real estate development and management.
• Demonstrated operating and leadership experience with retail and mixed-use properties and collaboration with third-party management and leasing teams.
• Advanced proficiency in Excel required; fluency in Microsoft Office 365 suite (Outlook, PowerPoint, etc.).
• Relevant experience in (i) retail and mixed-use leasing and / or underwriting; (ii) construction management and / or general contracting; and / or (iii) property accounting and controls.
• Familiarity with property sustainability and asset efficiency frameworks.
• Demonstrated understanding of retail lease structures, terms, and conditions.
• Passionate about driving impact in communities, and commitment to social entrepreneurship.
• Proven ability to enhance asset value through operational efficiencies.
• Ability to execute efficiently with a high degree of independence.
• Extremely organized with meticulous attention to detail and follow-through.
• Excellent written and verbal communications skills.
• Ability to work with a small and entrepreneurial professional staff; flexibility in supporting other team members and functions as needed.
• Friendly and outgoing personality, a sense of optimism and enthusiasm, and dedication to teamwork.
• Must have unrestricted work authorization in the United States.

TO APPLY

Send cover letter and resume to [email protected]. You must include “Vice President of Asset Management” as the subject line of the email – please include how you found out about this opportunity. No phone calls, please.