Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 663 investment professionals around the world and $463 billion in assets under management or supervision as of December 31, 2018. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.
Mesa West Capital, a subsidiary of Morgan Stanley Investment Management, is a commercial real estate portfolio lender with more than $6 billion in assets under management. Headquartered in Los Angeles with offices in New York, Chicago, and San Francisco, Mesa West has been a leading provider of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-add, and transitional properties throughout the United States. Its lending portfolio includes all major property types with loan sizes ranging from $20 million to $400 million. Since inception, the firm has sourced and closed more than 300 transactions totaling over $16 billion. Mesa West manages institutional capital through a series of private equity funds (open and closed-ended). This is an opportunity to join a successful, market-leading platform, and participate in the further growth of the Company.
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The individual will be a senior member of the Asset Management team which is housed out of the Los Angeles office and manages transactions originated from all office locations. This person will ultimately manage a specified portfolio across several regions and be actively involved in all facets of asset management, including monitoring, reporting, restructuring and modifying existing loans in the portfolio. Reporting to Mesa West senior leadership, the ideal candidate will be highly motivated, organized, and dynamic as the team interacts with all areas of the firm including Originations, Investor Relations, Accounting, and senior leadership. Strong written, verbal communication, presentation, and leadership skills are a must. Attention to detail and a high level of organization are critical elements to the position as well as the ability to take on multiple tasks simultaneously while utilizing various resources. The candidate will also interface with and manage the outsourced loan servicing team.
This is a fast-paced environment; therefore, the individual must work well under pressure and, at times, in a deadline-driven environment while efficiently and effectively managing the team. Skills and experience should include the ability to be proactive and solution-oriented while maintaining strong relationships and providing excellent customer service. A thorough understanding of credit, the ability to assess real estate risk from a lender s perspective (both quantitative and qualitative), and mitigate risk are critical. Additionally, legal knowledge and the ability to interpret, implement, and negotiate legal documents are imperative. The ideal candidate has 10+ years of experience in commercial real estate preferably with debt portfolio management experience that includes complex transactions. The individual must operate both independently and in a team environment.
The Senior Asset Manager role presents an excellent opportunity for a leadership position at a high-performing firm with an institutional client base.
PRIMARY RESPONSIBILITIESSenior member of Los Angeles-based Asset Management team formed of analysts, associates, and a dedicated outsourced servicing team. Proactively manage and monitor a portfolio of highly structured loans secured by institutional commercial real estate located in various geographic locations. Work with Asset Management team to oversee the loan portfolio of approximately 100 commercial real estate loans with a balance of approximately $6 billion. Perform quantitative and qualitative analyses of property and borrower performance. Understand and implement loan structure as outlined in loan documents. Make recommendations and prepare Investment Committee memorandums for loan modifications, restructuring, or other deal-related items. Maintain strong rapport and relationships with borrowers and sponsors throughout the life of a loan. Implement and/or improve (if necessary) standard team processes and procedures as situations arise. Monitor property business plans, monthly operating performance, and capital projects. Manage draw/funding requests. Present quarterly asset reviews to entire firm. Interact with and direct third party consultants including attorneys and inspectors. Periodic property inspections.
Candidates for this position must have the following:
10+ years of experience in an asset management role involving commercial real estate secured debt, preferably of which some portion has been in a leadership position.
In-depth knowledge and experience with real estate finance and private equity.
Extensive experience in real estate credit, risk analysis, and structuring to mitigate risk.
Experience utilizing an all-encompassing analytical (both quantitative and qualitative) approach to business and problem solving.
Ability to be dynamic and operate efficiently in a fast-pasted environment.
Strong written, verbal communication, presentation, and management skills.
An undergraduate degree in business, finance, economics, management or real estate from a top tier university. MBA or graduate degree a plus.*LI-ND1
Candidates should also have the following personal qualities:
The ability to effectively multi-task and undertake a large number and variety of tasks while maintaining high quality work product.
Self-motivated, thoughtful, detail oriented and highly organized.
Unquestioned personal and professional integrity and ethical behavior.
Excellent interpersonal skills with the ability to work in a collaborative environment.
- Asset Management
- Investment Management
10+ to 15 years
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