Director, Asset Management

POSITION SPECIFICATION

DIRECTOR ASSET MANAGEMENT

Shine Associates LLC has been retained to search identify and recruit a Director Asset Management on behalf of our client (Company). This position will be based in Chicago IL.

CONFIDENTIALITY

Shine Associates LLC has been exclusively retained on this assignment. Information contained in this position specification as well as any other information concerning the Company provided or verbally discussed is confidential. All materials and discussions are to be utilized for the sole purpose of a candidates personal review of the career opportunity.

CLIENT DESCRIPTION

Founded in Dallas Texas in 1965 the Company consistently ranks amount the top managers and developers of office industrial retail and mixed-use properties in major global markets. The firm is one of the most respected full-service firms in real estate providing investment management and development and a full suite of integrated services to owners investors lenders and major occupiers. The Company has approximately 3000 employees across 35 global offices responsible for a $19B development pipeline 550M SF of property management and leasing assignments and $20B in assets under management.

The Investment Management team is an SEC-registered investment advisor and is the Companys fund management and advisory arm headquartered in Chicago IL. Currently the Investment Management team has approximately $5.0B in real estate assets under management across three separate accounts and is actively raising money for additional fund strategies.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Based in Chicago and reporting to the separate account portfolio managers the Director will have

• responsibility over all strategic transactional and operations issues for a to-be-determined portfolio of primarily office and industrial assets located across the United States.
• Create strategic plans for each asset depending on the propertys individual requirements including valuations cash flow projections review and approval of annual operating and capital budgets.
• Set evolve and execute redevelopment leasing and sale plans and direct all aspects of relationships with regional partners and providers of third party services including property management.
• Aggressively and proactively predict and respond to dynamic market conditions.
• Oversee the budget process for all assets under their management.
• Work closely with leasing staff regional partners and third-party contractors to structure negotiate review and execute leases within portfolio of assets.
• Monitor the overall performance of assigned properties against plan and budget.
• Plan for and anticipate the cash flow needs for the assets as well as the underlying investors monitor cash in / out of property accounts and oversee all draw disbursements.
• Provide high quality lender and investor reporting.
• Support the execution of acquisitions financings and refinancings as required.
• Continuously keep senior management clients and investors aware and up to date on evolving strategies and results.
• Provide strategic investment and analytical direction and oversight to regional partners third party service providers and internal company personnel in creating and executing asset and portfolio plans.

QUALIFICATIONS SKILLS AND EXPERIENCE

Qualified professionals will have a minimum of seven to ten years of demonstrable success in the management of a portfolio of complex diverse commercial real estate including office industrial multifamily and medical office. Additional experience in asset / portfolio reporting is strongly desired. Qualified candidates must possess the following requirements and characteristics :

COMPENSATION

The annual compensation for this role is expected to be approximately $240000-$280000. Actual base salary and bonus will be determined by several components including but not limited to : relevant experience skills and qualifications base salary of internal peers and geographic addition to base salary this role may be eligible for a discretionary annual bonus LTIP and a variety of financial wellbeing and health / welfare benefits.

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