Associate, Asset Management

Job Summary:

Innovative Industrial Properties is seeking a driven and analytically strong real estate professional to join

its Asset Management team. Reporting to the Director, Asset Management, the Associate will help drive

the financial and operational performance of the Company’s existing real estate portfolio and execute

asset-level strategies across leasing, capital planning, dispositions, tenant oversight and portfolio

reporting. The candidate will be asked to support all team members within the company, on an as-needed

basis and with all aspects of the company’s business.

Key Responsibilities/Duties:

• Support leasing, dispositions, capital investment and asset-level business plans for the Company’s existing portfolio
• Execute on underwriting efforts for prospective tenants and perform ongoing credit analysis of existing tenants
• Build and maintain asset-level financial models, forecasts, periodic reporting
• Maintain and update portfolio-level materials and key portfolio metrics, including assisting with quarterly earnings materials
• Provide support for preparation of materials for the company’s Board of Directors and Management Investment Committee, as needed
• Coordinate with Accounting, Legal, Property Management, Construction and other internal teams to execute asset-management initiatives
• Perform industry, property, market and tenant research to support portfolio decisions
• Provide other support on recurring or ad hoc projects as needed

Job Specifications/Work Experience/Skill Requirements:

• Bachelor’s degree in finance, real estate, economics, accounting or a related field
• Minimum 5 years of experience in commercial real estate, asset management, finance, investment banking, private equity, or related industry
• Strong understanding of commercial real estate, financial statements, and real estate underwriting
• Advanced financial-modeling experience required
• Experience with industrial and/or retail real estate, including familiarity with regulated industries or specialized-use assets, strongly preferred
• Strong communication and presentation skills
• Highly organized and detail-oriented, with the ability to manage multiple priorities and deadlines in a fast-paced, team-oriented environment
• Ability to independently advance workstreams and self-review work
• Expert working knowledge of Excel and PowerPoint

Physical Requirements and Work Environment:

Requires ability to safely and successfully perform the essential job functions, including meeting

qualitative and/or quantitative productivity standards. Reasonable accommodations may be made to

enable individuals with disabilities to perform the essential functions. Ability to maintain regular, punctual

attendance. While performing the duties of this job, the employee is frequently required to sit, talk, listen,

and speak clearly on the telephone. The employee is frequently required to stand, walk, bend, and use

hands to type data, use telephone and reach with hands and arms. The employee must occasionally lift

and/or move up to fifteen (15) lbs. Specific vision abilities required by this job include close vision and

the ability to adjust focus. The noise level in the work environment is usually low. The employee may be

required to travel, however will primarily work at the company’s corporate offices in San Diego, California.

Monday-Thursday are in-office for collaboration, with the opportunity to work remotely on Friday.