We are seeking a skilled Director of Asset Management to support the oversight and administration of a diverse real estate portfolio. This role focuses on enhancing property value and investment returns through proactive asset management, lease supervision, financial accountability, and robust stakeholder engagement, utilizing extensive industry expertise across the investment process.
Key Responsibilities
Leasing & Revenue Enhancement
Design and execute asset management plans to boost property efficiency and maximize return on investment
Direct third-party leasing representatives to increase occupancy and accelerate leasing for new agreements and renewals
Engage in lease discussions (e.g., LOIs, RFPs) and perform financial evaluations of lease deals
Create and administer recovery strategies for tenants facing financial challenges
Perform regular property inspections to evaluate conditions and operational success
Track and assess market dynamics, competitor actions, rental rates, and leasing trends
Team Leadership & Development
Guide and support junior asset managers to ensure effective lease management and strong financial results
Encourage a culture of ongoing growth and skill-building within the asset management group
Financial Management & Reporting
Supervise property operations, including budget variance analysis, cash flow forecasts, occupancy monitoring (rent rolls), and accounts receivable
Perform monthly and quarterly financial assessments, including budget reviews, asset performance analyses, and investment reports
Handle quarterly settlements for leasing commissions, tenant upgrades, and capital initiatives, with precise capital forecasting
Collaborate with leasing teams to establish leasing projections for annual budgeting
Evaluate and adjust annual operating and capital expense budgets to align with acquisition and valuation frameworks
Ensure adherence to loan agreements and servicing contracts, maintaining required reserve funds
Value Optimization & Efficiency
Enhance asset returns through operational improvements and strategic performance upgrades
Work alongside property management to identify cost reductions, improve cash flow, and elevate overall profitability
Formulate and track action plans to address property issues and boost effectiveness
Qualifications
Bachelor's degree in Real Estate, Business, Finance, or a related field (Master's degree or relevant certifications preferred)
7+ years of experience in real estate asset management or a comparable area
Robust financial insight and analytical capabilities, with a background in portfolio supervision
Strong communication, negotiation, and organizational skills
Demonstrated success in crafting and implementing asset management plans
Understanding of multi-tenant light industrial and office real estate operations
Capacity to succeed in a dynamic, innovative setting
Proficiency in MS Excel, Word, and Outlook; experience with real estate tools (e.g., Yardi, Deal Manager, Argus, VTS) is an advantage