Macdonald & Company is pleased to be exclusively retained to find and appoint an industrial asset manager on behalf of a thriving real estate investment firm. The asset manager will either be based in Indianapolis or Dallas.
Key Responsibilities :
Business Plan / Property-Level Reporting
- Set annual performance goals – budgeted NOI, gross leasing targets, net CF. Create annual business plan for each asset.
- Oversee, review and sign off on annual property-level budgets.
- Produce quarterly asset reports summarizing property-level performance, market activity, recent leases, construction activity and property “watch list issues.”
- Participate in monthly and quarterly property management operations calls.
- Provide strategic decision making as needed (e.g., tenant issues, capital / R&M). Provide quarterly write-up for internal use.
Leasing
Working with 3rd-party brokers negotiating leases, tracking leases and ensuring final execution. Managing internal leasing team if any.Lease analytics – NER, budget vs actual (in VTS) for every deal. Ensure lender compliance with all leases.Provide credit analysis of prospective tenants as needed.Capital / Project Management
Oversee management of capex projects by CM and PM team. Serve as the lead on projects not under PM oversight (e.g., redevelopment, rezoning, etc.).Tracking all vacant units and MR projects. Ensure that the team is delivering units to meet leasing goals and expectations.Valuation
Maintain on-going sale and lease comps database for relevant transactions in each property submarket.Provide inputs (MLA, capital) for quarterly valuations. Review and sign off on final FMV value.Acquisition
Manage on-boarding plan with property management team. Ensure business plan is proceeding on schedule and tracking UW budget.Dispositions
Manage disposition process for assets identified for sale.Participate in the selection of the sales broker. Negotiation of the sales agreements.Portfolio Management
Review and sign off on quarterly FMVs.Direct hold / sell analysis on an on-going basis.Present quarterly and annual business plans to IC.Refinance decisions during hold period.Approve future capital calls.Quarterly property tours.Qualifications & Skills :
5-10+ years of asset management experience, preferably in industrial real estate.Bachelors Degree required, MBA Preferred.Strong background in leasing, financial analysis, and asset repositioning.Expertise in negotiation, budgeting, and capital planning.Ability to collaborate across departments and build strong tenant relationships.Highly analytical with excellent communication and leadership skills.Proficiency in financial modeling and lease structuring.