AVP Asset Management

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Job Identification Number: 971

Location: Dallas, TX

Job Type: Direct Hire

Job Category: Real Estate

Qualified candidates, please attach resume when applying.

Overview

Our client, a global, REIT, is seeking an AVP of Asset Management in their Dallas, TX office. This role will be responsible for oversight of the operations of a portfolio of industrial properties.

Primary Responsibilities:

  • Oversight and direction of third party listing brokers and lease negotiation including financial terms and lease language
  • Oversight and direction of in-house or third party Property Managers, including A/R collection, capital expenditure review and approval, operating expense approval and overall property operations
  • Review and approval of annual property operation budgets including leasing, operating expenses and capital plans
  • Review and approval of mid-year property reforecasts including lease and capital timing.
  • Review and approval of annual operating expense reconciliations
  • Travel to markets for property tours, property manager visits, tenant meetings and annual broker marketing events
  • Manage Annual NOI, Cash Flow and Capital Expenditure performance of portfolio consistent with property underwriting and corporate model returns
  • Quarterly review of property level Argus models used in corporate model, annual reforecast and budget creation

Qualifications and Requirements:

    • Bachelor’s degree in Real Estate, Finance, Economics or other related field required
    • 5 plus years relevant experience preferred
    • Experience in financial modeling with an understanding of basic finance concepts such as NOI returns, DSCR, cash flow returns, internal rate of return, and present value
    • Extensive experience with ARGUS, Microsoft Excel & excellent financial modeling skills
    • Excellent research skills and aptitude to understand the dynamics of various locations, submarkets, economic conditions and financial markets
    • Ability to interact with real estate brokers, property managers, property accountants, attorneys, tenants and senior managers within various groups of the company or tenant’s organization
    • Strong negotiation skills to be used during new and renewal leases as well as lease administration
    • Ability to travel as required by the position