Asset Management Executive

Job Summary
Macdonald & Company has been exclusively retained to appoint a Asset Management Executive to be based in Phoenix, AZ.

The Opportunity:

A vertically integrated real estate owner, investor and operator specializing in the acquisition, development, and management of industrial, retail and Class–A office properties throughout the Western United States are hiring for an Asset Management Executive to oversee and monitor a diverse portfolio of net leased assets.

The Duties:

Chief oversight of the operation and performance of multiple commercial real estate assets within the portfolio

Develop comprehensive asset strategies to include leasing, property improvements, capital structure and sell/hold analysis based upon financial analysis, market analysis and valuation reporting

Communicate directly with external partners and lenders on approved asset strategies

Provide financial and operational oversight at both the property and portfolio level to ensure the economic viability of the properties

Supervise the annual budget process with assistance from the property management team, investment partners, and internal analyst resources to include presenting and implementing the property budget/business plan Understand competitive positioning relative to rents, lease terms and overall occupancy and the means to maintain a competitive edge Monitor market trends in value, cost and supply/demand fundamentals to identify acquisition and disposition opportunities and continuously review portfolio for opportunities to add value through renovation, expansion or repositioning of the assets and make recommendations accordingly.

Monitor and review property level valuations on assigned assets each quarter

Maintain ARGUS files and DCF Work closely with the Chief Operations Officer and Chief Investment Officer, and with external appraisers to review and critique outside appraisals

Analyze and compare current and historical operational NOI against key metrics and original underwriting

Prepare quarterly reports on property performance to include progress on strategic initiatives and comparison to budget and development underwriting

Assist in the development and execution of leasing and marketing plans for properties to include lease up projections, estimated tenant improvement costs, marketing methods and associated budget, and prospect plans, etc. The leasing plan will include an emphasis on traveling to markets to understand the competitive set and business development with tenants and brokers. The plan will include working within the Company to consistently apply best practices across the portfolio with an emphasis on high occupancy at the best economic terms

Assisting in the leasing program will require the Director of Asset Management to engage in regularly scheduled leasing calls to review prospects and gather market intelligence, travel to various markets to proactively meet with top brokerage teams, develop relationships with existing tenants and facilitate marketing events as necessary. A thorough knowledge of the macro market, submarkets and competition will be required via market tours, research reports, tenant relationships and brokerage relationships

Assist in revising leasing policies and procedures as determined by ownership for distribution to property leasing personnel. Administer the Exclusive Leasing Agreement with selected leasing team Assist in the coordination and negotiation of leases. Review and analyze detailed financial analysis of existing portfolio assets and property specific lease transactions. Obtain partnership approval for leases outside the approved parameters of the joint venture documents

Supervise and review Asset Managers and/or Analysts Assist with the professional…