Executive Director Industrial Asset Management

Profile

Executive Director Industrial Asset Management
Duties: Enhance/Own the vision for the Industrial Asset Management strategy, and drive the roadmap for the team, working with key stakeholders. Assist the Head of Asset Management in the development and implementation of long-term and short-term goals for the department. Collaboratively work with Portfolio Management to ensure alignment on strategic imperatives at the property and fund level. Influence the roadmap and priorities of other partner groups by proactive engagement on topics related to asset management strategy. Formulate plans and procedures, establish deadlines & reporting requirements, analyze problems, and cooperatively develop solutions within Asset Management to ensure the operational and financial performance of assigned portfolio. Coordinate the preparation and presentation of the Annual Business plans, budgets and quarterly property valuations. Support for these initiatives includes financial & market analysis, forecasting, positioning and Hold/Sell recommendations. Oversee execution of strategic plan. Supervise the quarterly valuation process within Asset management, along with outside appraisers, Partners, Co Investors and assigned Analysts Assist in the coordination, implementation and execution of the annual Tenant Survey. Analyze all results/scores and supervises the implementation of Action Plans to improve performance Oversee leasing and marketing plan for assigned buildings to include lease up projections, estimated tenant improvement costs, marketing methods and associated budget, and prospect plans, etc.. Supervise and coordinate the negotiation of leases (direct negotiation as necessary). Approve lease transactions within parameters. Review tenant financials and credit profile. Present and obtain senior management approval for transactions outside of parameters. Negotiate and administer the service contracts with third-party property management and leasing teams. Review and assess the performance of property management and leasing teams. Confirm compliance of partner/joint venture and lender requirements in implementation of asset management and property business plans. Report to senior management and owner’s partners critical issues related to the assets and portfolio and coordinate preparation of monthly and quarterly reports for Senior Management and Investors. All other related duties, which will ensure the Asset Management Department meets its goals while maximizing efficiency and providing superior asset management services. Monitor performances of assigned staff through periodic inspections of properties and information reports. Review and approve time and leave requests for assigned staff. Prepare performance appraisals and reviews for assigned staff members. Coordinate and assist in special projects, including portfolio audits, industry conferences, manuals, and software evaluations. Manage priorities using sound control processes (daily/weekly/monthly) to effectively identify, assess and manage risk. Coordinate the implementation of all Risk Management initiatives with internal and external resources (consultants and National Property Operations) to include Risk Matrix scoring, commercially appropriate insurance coverages, and annual property inspections by our PM teams/Partners. Direct and recommend for approval tax assessment valuations, tax consultants, risk management decisions, and insurance procedures. Develop Energy and Sustainability initiatives within the assigned portfolio with our Partners, Co Investors and Third-Party Managers, and coordinates with National Property Operations. Monitor market trends in value, cost and supply/demand fundamentals to identify acquisition and disposition opportunities. Continuously review portfolio for opportunities to maximize value through renovation, expansion or repositioning of the assets and presents recommendations accordingly. Requires an understanding of competitive positioning relative to rents, lease terms and the overall tenant experience to maintain a competitive edge. Act as Real Estate’s market facing representative responsible for broad knowledge of market information, companies, people and economic trends across multiple markets. Develop quality long-term relationships with a focus on tenants, brokers, operators, developers and other industry professionals. Additional duties as assigned.

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