Job Description

Key Responsibilities:

Leasing & Revenue Growth

• Develop and implement asset management strategies to optimize property performance and maximize ROI.
• Oversee third-party leasing agents to maximize occupancy and drive greater leasing velocity for both new leases and renewals.
• Participate in lease negotiations, including LOIs and RFPs, and conduct financial analyses of lease transactions.
• Formulate and execute workout plans for tenants experiencing financial difficulties.
• Conduct periodic site visits to assess property conditions and performance.
• Monitor and analyze market trends, competitor activity, rental rates, and leasing absorption.

Financial Oversight & Reporting

• Oversee property operations, including budget-to-actuals analysis, cash flow projections, occupancy levels (rent rolls), and accounts receivable.
• Conduct monthly and quarterly financial performance reviews, including budget comparisons, asset proforma analyses, and investment performance reports.
• Manage quarterly reconciliation of leasing commissions, tenant improvements, and capital projects, ensuring accurate forecasting of capital needs.
• Develop leasing assumptions in collaboration with leasing agents for annual budget preparation.
• Review and refine annual operating and capital expense budgets, ensuring alignment with acquisition and valuation models.
• Oversee loan documents and servicing agreements, ensuring compliance with lender requirements and reserve levels.

Value Creation & Operational Efficiency

• Maximize total return on assets through operational efficiencies and strategic performance enhancements.
• Partner with property management teams to analyze and reduce operating expenses, improve cash flow, and increase overall returns.
• Develop and implement action plans for property challenges and monitor their effectiveness.

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