Entrada Partners ("Entrada") is a real estate private equity firm focused on value-add commercial real estate investments in middle-market industrial, office and flex assets. The firm is headquartered in Dallas, Texas, with regional offices in Los Angeles and San Antonio. Entrada's portfolio consists of more than 4.2 million square feet with a portfolio valuation of approximately $600 million. Entrada's mission is to generate superior risk-adjusted returns for its investors and provide a high level of service to its tenants with a philosophy centered around integrity, accountability, and ownership.
Job Description:
Entrada Partners is seeking a Managing Director to lead the strategic direction of the asset management department within the firm, overseeing all aspects of asset management, leasing, operations, reporting (internal and external), people management, and overall department strategy. As part of the executive leadership team, the Managing Director is responsible for making high-level decisions that drive the financial and operational success of the department. The ideal candidate will have extensive experience in asset management, deep industry knowledge and relationships, and a proven track record of leading teams and driving strategic initiatives. This role requires exceptional leadership, decision-making skills, and the ability to cultivate key relationships with external partners.
Responsibilities:
Strategic Leadership:
Lead the strategic direction for the department, aligning operations and financial performance with Entrada's overall business goals.
Oversee the execution of business plans, capital improvement strategies, and operational initiatives across the assigned portfolio.
Report directly to the Partners, providing insights on portfolio performance, market conditions, and strategic opportunities for value creation.
Take ownership of company-wide initiatives, driving innovation, process improvement, and growth strategies across the business.
Identify areas of opportunity to increase efficiency and processes, documenting process and procedure improvement on a periodic basis.
Portfolio Oversight:
Oversee all asset management activities for a large, complex portfolio, including leasing, budgeting, capital planning, customer/Tenant and Lender relations, and operational management.
Ensure the financial success of the portfolio by making data-driven decisions and optimizing asset performance.
Lead the implementation of high-level investment strategies, identifying opportunities for value creation and risk mitigation.
Collaborate closely with other departments to ensure alignment on key initiatives, cash management, capital projects, and investment decisions.
Team Leadership and Development:
Lead and manage the asset management team, fostering a culture of high performance, collaboration, and professional growth.
Set the vision and strategic direction for the asset management team, ensuring alignment with corporate objectives.
Drive consensus-building across the organization and facilitate collaboration between departments, including acquisitions, operations, leasing, and finance.
External Relations:
Cultivate and maintain key external relationships, including investors, lenders, leasing and investment sale brokers, and joint venture partners.
Represent Entrada at industry events and conferences, serving as a thought leader and ambassador for the company.
Financial and Operational Oversight:
Drive financial performance by overseeing budgeting, forecasting, and financial modeling for the portfolio.
Ensure the execution of capital plans, working closely with Forge Constructors to ensure timely and efficient completion.
Identify market trends and emerging opportunities, adjusting department strategies to capitalize on shifts in the real estate landscape.
Qualifications:
Bachelor's degree in Real Estate, Business, Finance, or a related field is required; a Master's degree or relevant certification is preferred but not required.
15+ years of experience in real estate asset management, with at least 5 years of leadership experience in a senior leadership role.
Proven track record of leading and managing teams overseeing large, complex portfolios, with demonstrated success in driving strategic initiatives and optimizing asset performance.
Strong leadership and interpersonal skills, with the ability to build consensus and foster collaboration across teams while motivating team members to execute investment strategy.
Deep knowledge of real estate investment strategies, asset management processes, and financial modeling (ARGUS and Excel proficiency required).
Experience in investor relations, capital markets, and managing external partnerships.
Perks:
Competitive Pay + bonus incentive + participation in investment upside
Company-subsidized medical, dental, and vision insurance
Robust time off policy including paid holidays, PTO, Sick Time
Additional paid time off for jury duty, bereavement, or parental leave