Asset Manager

Copium Investments | Boise, ID, United States

Posted Date 5/12/2022
Description

Copium Investments is a Real Estate Private Equity firm located in Boise, ID. We specialize in ground-up development and value-add projects across multiple asset classes. We’re a small (but growing) team and have some exciting projects in the pipeline.

The Asset Manager is primarily responsible for executing the business plan on an investment. You will take over the management of our current portfolio in the Treasure Valley and any additional properties that we purchase. You will also help us improve and document our operational processes so that we can continue to provide an excellent service to our shareholders and tenants as we grow. As part of a small team, you will have opportunities to work closely with every area of the business.

Key Responsibilities:

  • Acquisitions:
    • Assist in underwriting, developing business plans, and finalizing budgets  
    • Work closely with the Acquisitions team to oversee due diligence
    • Lead the transition process through a timely closing and transfer of all contracts, leases, utilities, etc.
  • Construction
    • Oversee General Contractors and/or Construction Managers to finish projects within approved budgets and timelines
    • Assist in pre-development work, including design, budgeting, stabilization projections, etc.
  • Lease-up/Stabilization
    • Set KPIs and deadlines with each member of the leasing team and hold them accountable to reach those goals
    • Lead lease negotiations with commercial tenants
    • Oversee coordination between leasing and property management teams on tenant onboarding
  • Operations
    • Oversee the property manager to make sure properties are well maintained and operating within budget
    • Write quarterly updates on the property’s performance
    • Execute the value-add strategies laid out in the business plan
    • Find creative ways to strengthen tenant relationships and increase profits
  • Financing & Disposition
    • Assist in loan review, underwriting, and closings
    • Coordinate on-site inspections & tours
    • Assist in sale negotiations and buyer’s due diligence

Important Qualities: 

A great person for this role:

  • Is diligent, creative, and attentive to detail
  • Not afraid to negotiate with anyone
  • Comes into the office excited to find ways to help the company improve and grow
  • Spends their free time educating themselves about the business, the industry, and anything else they care about
  • Is an excellent writer and communicator

Compensation: 

Copium Investments will provide the following compensation:

  • $60,000-$90,000 base salary, depending on experience
  • Bonuses for exceeding annual and quarterly goals
  • Share in company profits
  • Monthly stipend for Insurance & Healthcare Expenses
  • Access to invest on the General Partner side of all projects
Salary60000.00 - 90000.00 Annual
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