Associate, Retail Asset Management

Position: Sr. Associate, Retail Asset Management - hybrid role CONTINENTAL REALTY CORPORATION (CRC) is seeking a Retail Asset Management Associate with strong critical thinking skills, looking for an opportunity to gain experience through active management of a diverse retail portfolio. Accurate and detail-oriented reporting is paramount to this role.

Financial and operational reporting must also be paired with strategic thinking and solutions-focused recommendations. Associate will assist Asset Managers with a variety of projects and will also be expected to manage a small portfolio of properties.

Essential Duties and Responsibilities

Performance Management & Business Plan Execution Own and uphold property‑level business plans for a portfolio of 12-15 properties, ensuring consistent execution across all operating teams. Monitor asset performance relative to underwriting through leasing activity review, quarterly valuations, and annual budget analysis.

Provide clear, investment‑focused context around variances to underwriting and recommend corrective actions or strategic adjustments. Partner closely with Leasing and Property Management on major strategic decisions affecting asset performance. Communication Demonstrated strength in written communication, including Investment Committee memos, asset‑level performance reporting, and investment recommendations.

Effective verbal communicator with the ability to present to Investment Committee and Valuation Committee. Ability to work cross‑functionally with Operations to ensure clear alignment and execution of property business plans. Serve as an external point of contact for investors, lenders, and other stakeholders. Manage third‑party investment sales brokers and lead negotiation of purchase and sale agreements (PSAs).

Capital Expenditure (Cap. Ex) Planning & Forecasting Maintain and manage property‑level Cap. Ex forecasts, ensuring discretionary spending and leasing capital are properly sequenced and fully funded. Oversee execution of budgeted capital projects in alignment with underwriting assumptions. Evaluate ROI and strategic merit of proposed discretionary Cap.

Ex based on leasing conditions, asset stability, and point‑forward hold period. Cash Flow Management & Distributions Oversee asset‑level cash management, including distributions, based on operating cash flow, cash on hand, lender reserve requirements, and future funding availability. Capital Event & Hold/Sell Analysis Identify and evaluate asset‑level optimization opportunities, including hold, sale, or recapitalization considerations annually and at key milestone events.

Maintain up-to-date underwriting models for valuations and hold/sell/recap analyses. Valuations Conduct property-level DCF valuations in accordance with CRC's valuation policy. Disposition Management Lead asset‑level execution of approved dispositions from pre‑marketing through closing. Partner with Capital Markets and Portfolio Management on pricing, timing, and marketing strategy.

Coordinate asset readiness, diligence materials, and buyer communication across internal teams. Loan Compliance & Debt Management Ensure ongoing compliance with property‑level loan covenants, including DSCR requirements and reporting obligations. Oversee and optimize loan draws, ensuring timely submissions aligned with Cap.

Ex execution and cash flow optimization. Serve as the primary asset‑level point of coordination for lender reporting and compliance matters.

Required Skills

Bachelor's degree in Real Estate, Finance, Business or related field. 5-8 years of experience in real asset management, real estate investment, or a related discipline. Strong understanding of retail leasing dynamics, operating budgets, and real estate underwriting. Ability to synthesize financial, operational, and market information into actionable investment recommendations.

Proven ability to manage cross-functional relationships and drive accountability across operating teams. Advanced proficiency in Excel and real estate financial analysis tools (e.g., ARGUS preferred). This is a great opportunity for a role working with an experienced asset management team on a diverse and complex portfolio of assets.

This position offers a competitive salary and bonus opportunity along with full benefits. EOE.