Director, Asset Management
Location: Atlanta, GA
Company Description
Our client is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer, and operator of Class A properties across major U.S. Sunbelt markets, they are known for their hospitality-driven approach and commitment to transforming buildings into premier offices that enhance each tenant’s workplace experience.
Position Description
This role will focus on driving the financial and operational performance for a portfolio of 6-8 Class A office buildings (1.5-2MSF). Primary responsibilities will include developing/executing value add strategies, negotiating leases and building relationships with key market participants. Additionally, the Director will partner with Regional Head to underwrite potential acquisitions and developments.
Responsibilities
- Negotiate property-level contracts, including leases, licenses and, where applicable, third-party management and exclusive leasing listing agreements.
- Proactively enhance property’s competitiveness; monitor local market conditions, anticipate trends and reposition property accordingly.
- Prepare Investment Committee recommendations on large lease transactions.
- Update Senior Management on leasing efforts, including both new leasing activity for vacant space as well as renewal activity on existing tenants.
- Review and approve property budgets, including both projected leasing and building capital plans.
- Work with Analyst to update ARGUS Enterprise models used for ongoing cash flow projections of portfolio.
- Identify ‘Value Add’ strategies for properties in the portfolio.
- Partner with Regional Head/Capital Markets to underwrite acquisition and development opportunities. Assist in the disposition process as well.
- Select and direct the transition of the property-level team (property manager, leasing agent, attorneys, and other third-party professionals) after acquisition.
Requirements
- Bachelor’s degree required (finance, accounting or real estate focus preferred)
- 7-10 years of commercial real estate experience; 5 years focused on asset management
- Ability to develop and deepen key business relationships
- Strong negotiation, verbal, and writing skills
- Advanced knowledge of financial analysis (NPV, IRR, lease comparison, ROI, DCF modeling, payback, financial statement analysis, etc.)
- Proficient in ARGUS Enterprise and Excel
- Physical requirements involve sitting to perform general office work at computer, and mobility between departments or office areas to facilitate work.
- Routine travel is required for the position up to 15% of the time.
- Experience in the Atlanta office markets preferred.
- Relevant experience in office lease negotiations, property operations, development or construction a plus
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