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Director of Asset Management
Director of Asset ManagementPiedmont Realty Trust • Dallas, TX, United States
Director of Asset Management

Director of Asset Management

Piedmont Realty Trust • Dallas, TX, United States
4 days ago
Job type
  • Full-time
Job description

Piedmont Realty Trust™ (NYSE : PDM) 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 approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets, Piedmont Realty Trust™ is known for its hospitality-driven approach and commitment to transforming buildings into premier "Piedmont PLACEs" that enhance each client's workplace experience.

This role will focus on driving the financial and operational performance for a portfolio of 6-8 Class A office buildings totaling over 2M SF. 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.

JOB 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.
  • Effective interpersonal skills, with a proven ability to develop and foster relationships with internal and external key business partners.
  • 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, Yardi, 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 20% of the time.
  • Relevant experience in office lease negotiations, property operations, development or construction a plus.

JOB RESPONSIBLITIES :

  • 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, understand the building's current and anticipated future occupancy and make recommendations on repositioning the property accordingly when needed.
  • 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 for any future property sales.
  • Select and direct the transition of the property-level team (property manager, leasing agent, attorneys, and other third-party professionals) after acquisition.
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    Director Of Asset Management • Dallas, TX, United States

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