Vice President Asset Management

Our Company

L&L Holding Company is a privately held, vertically integrated real estate company, founded in 2000 by David Levinson and Robert Lapidus, that has acquired or developed over 10 million square feet of prime commercial and residential space in New York and Florida. L&L Holding Company reimagines buildings and focuses on re-development and repositioning of office, multifamily, retail, hospitality, and mixed-use assets.

L&L Holding possesses the vision, insight, and experience necessary to identify, acquire, and reinvent underperforming properties in prime locations to unlock their full potential. The company employs more than 375 dedicated professionals with expertise in acquisitions and dispositions, asset management, leasing, marketing and public relations, accounting, design and construction, and financing.

Current portfolio includes such current and future icons as 425 Park Avenue, 390 Madison Avenue, Terminal Warehouse, TSX Broadway, and Wynwood 29North.

Responsibilities

• Oversee implementation of owner’s strategy to achieve income, expense and rate of return targets for each asset
• Identify value-creation opportunities
• Assist in asset acquisition, disposition, and recapitalization and pre and post-closing items and due diligence
• Report to and keep senior management informed of property performance and major issues through monthly reports and meetings
• Oversee timely and accurate production and distribution of property monthly reporting package
• Analysis of lease proposals and projects using discounted cash flow analysis to determine their effect on overall deal economics
• Review drafts of leases, amendments and depending upon size, become directly involved in negotiating terms
• Lead the preparation, review, and analysis of an annual business plan and operating and capital budgets
• Monitor budget vs. actual results
• Primary contact for tax appeals
• Primary contact for property liability claims and assuring proper insurance documentation is maintained
• Establish relationships and work closely with partners and lenders on existing and future investments
• Administer loan and joint venture covenants
• Maintain and update building floor plans on Spaceman
• Create, maintain, and update building Argus files
• Maintain historical building cash flow spreadsheets to calculate IRR.
• Ensure building manuals are up to date
• Maintain adequate documentation of all activities in an organized electronic file system

Requirements

• BS/BA required: Major in finance, business or accounting preferred
• Financial modeling and cash flow analysis skills. Strong computer skills including Excel and Argus required
• Understanding of real estate fundamentals, investment, and market analysis
• Superior written and verbal communication skills and the ability to work effectively with people at all levels of the organization
• Independent, self-motivated team player who is attracted to a small, collegial working environment
• Must be well-organized and have an attention to details and accuracy
• Experience with NYC office buildings is a plus
• Must be well organized and have an attention to detail and accuracy
• Must have minimum of five years of asset management experience with NYC office buildings