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 portfolioDevelop comprehensive asset strategies to include leasing, property improvements, capital structure and sell/hold analysis based upon financial analysis, market analysis and valuation reportingCommunicate directly with external partners and lenders on approved asset strategiesProvide financial and operational oversight at both the property and portfolio level to ensure the economic viability of the propertiesSupervise 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 planUnderstand competitive positioning relative to rents, lease terms and overall occupancy and the means to maintain a competitive edgeMonitor 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 quarterMaintain ARGUS files and DCF Work closely with the Chief Operations Officer and Chief Investment Officer, and with external appraisers to review and critique outside appraisalsAnalyze and compare current and historical operational NOI against key metrics and original underwritingPrepare quarterly reports on property performance to include progress on strategic initiatives and comparison to budget and development underwritingAssist 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 termsAssisting 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 relationshipsAssist in revising leasing policies and procedures as determined by ownership for distribution to property leasing personnel. Administer the Exclusive Leasing Agreement with selected leasing teamAssist 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 documentsSupervise and review Asset Managers and/or AnalystsAssist with the professional development, training and mentoring of other team members. Serve as a resource for answering questions and providing guidance to fellow team membersHelp and participate in various projects and reports as required by the Company, as well as be a key team member in providing senior management with information and analysis on assigned assetsYour Qualifications:Bachelor’s degree, preferably in Finance, Accounting, Business, or Real Estate6+ yrs. of institutional level asset management experience4+ yrs. of commercial  asset management experience w/ prior regional supervision responsibilities of multiple assets including direct responsibility of the leasing program4+ yrs. of direct responsibility managing a leasing program to include speculative development and a proven track record of tenant retention via successful renewalsClass A institutional experience on ground-up development and lease up projects thru successful dispositionSuccessful record of accomplishment and demonstrated experience with analyzing complex investment issues, developing investment strategies and executing strategies to achieve results and effectively manage riskAdvanced user of Excel, and proficient in Word and OutlookArgus experience