RETS has been engaged by a leading commercial real estate (CRE) industrial investor and developer to recruit a Vice President, Asset Management, based in Newport Beach, to oversee a portfolio of industrial properties, primarily in the Southwestern United States, totaling approximately 5 MSF.
The ideal candidate will have extensive experience in negotiating industrial lease deals ranging from 50,000 to 500,000 SF, possess established relationships with industrial brokers, and be comfortable working from the client's Newport Beach office. The VP will manage a volume of 20-30 new or renewal transactions annually, develop and execute strategic asset plans to maximize property value, and collaborate closely with in-house property management and development management to maintain high standards for the assets.
Key Qualifications:
Proven experience in industrial leasing including strong relationships with industrial brokerage professionals in the Southwestern United States required.
Experience asset managing a portfolio of various strategies including value add, development, core plus. More specifically, leasing & managing third party brokers, property operations & budgeting, lender compliance and managing construction and capital expenditure budgets.
Based in Orange County.
Over 10 years of experience in commercial real estate asset management, a significant portion of which in the industrial asset class.
Willingness to travel regularly within Southern California, Arizona, Nevada, and Northern California.
Bachelor's degree required.
Compensation/Benefits:
Base salary of $175K+ plus an annual bonus DOE.
100% employer-paid health benefits for employees and eligible dependents.