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Location
Austin, TX, United States
Posted on
Feb 25, 2022
Profile
Job Summary
The Director of Asset Management will oversee multiple Class A office building investments and developments while playing an instrumental role in establishing business plans, executing through all phases of the investment cycle, and facilitating coordination among all key internal and external functions including operations, leasing, legal, marketing and project management. In this position the Director of Asset Management will collaborate extensively with junior staff members and the financial analyst pool, evaluate the financial feasibility of current and potential future investments, and contribute extensively to successful asset-level and portfolio performance.
Responsibilities
* Asset manage multiple class A office buildings and development projects.
* Coordinate with internal and external leasing professionals to prepare and negotiate letters of intent and lease agreements.
* Supervise preparation of a variety of analyses, statements and reports for management and equity and debt capital partners.
* Develop and maintain overall project budgets and schedules.
* Negotiate joint venture transactions with co-general partners and limited partners while assisting in document preparation and transaction structuring with equity and debt capital partners.
* Assist with management/training responsibilities for the Associate and Analyst-level support staff.
* Develop and implement annual asset level strategic plans, including hold/sell analysis.
* Lead the research, analysis, and execution of asset level strategic initiatives.
* Engage and direct property managers in development of operating budgets including capital and leasing plans.
* Oversee property level operating activities including supervision of third-party property managers and leasing agents.
* Establish leasing objectives/guidelines, provide oversight of revenue management system/strategy, manage lease process as needed for assets and prepare execution recommendations.
* Oversee and direct the completion of quarterly valuations and cash flow forecasts.
* Assist in economic underwriting and due diligence for wholly owned acquisitions and transition of acquisitions to Asset Management.
* Direct and manage the internal process of obtaining investment committee approval of all dispositions.
* Execute financing and disposition transactions to support project goals and objectives and to achieve realizations of portfolio investments in coordination with internal and external capital markets professionals.
* Review financial reports to monitor performance and achieve investment objectives.
* Prepare quarterly reporting for sponsored investment vehicles and institutional limited partners.
Career Opportunity
Qualifications
* Minimum 10 years of commercial real estate investment experience; Class A Office and/or Life Science asset management experiences a plus.
* Expert Proficiency in Argus and Excel: candidate should have extensive experience creating and manipulating complex financial models and underwriting commercial real estate properties and projects.
* Experience managing all day-to-day tasks on the execution side of all projects and undertakings, including but not limited to acquisitions, development, asset management, contract/lease negotiation, equity capital markets and debt capital markets.
* Development experience leading a multi-functional project team through all phases of the development process including planning, entitlements, design, and construction.
* Proven ability to manage and lead junior staff members, create a positive work environment, and further the company's innovative, collaborative, and open culture.
* Analytical thinker and self-starter who can make swift decisions, adapt to changes and deliver results.
* Communication skills to convey complex information succinctly and anticipate and resolve issues/problems on a proactive basis.
* Interpersonal skills with an ability to interact with external and internal clients required.
* Willingness to travel.
All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.
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Job Criteria:
Start Date:
Position Type: Full-Time Permanent
Years of Experience Required:
Education Required:
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