Director Asset Management
Director Asset Management
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1 Vacancy
Job Description
At Piedmont our mission is to build and transform workspaces that enhance connection and collaboration for tenants while remaining committed to our stakeholders employees and local communities. Going beyond Piedmonts commitment to a best-in-class built environment we have dedicated ourselves to fostering a diverse and inclusive culture by empowering employees to share their experiences and ideas to create a culture where there is shared pride passion and commitment to excellence innovation and respect. Culture is more than just a buzzword to us our employees are what make Piedmont such a dynamic and rewarding place to work and remain our most valuable resource to work together be successful grow the company and make an impactful difference in the office experience.
This role will focus on driving the financial and operational performance for a portfolio of 6-8 Class A office buildings (1.5-2.0 MSF). 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:
- Bachelors degree required (finance accounting or real estate focus preferred)
- 7-10 years of commercial real estate experience; 5 years focused on asset management
- Ability to develop and deepen key business relationships
- 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 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 15% of the time.
- Experience in the Atlanta office markets preferred.
- Relevant experience in office lease negotiations property operations development or construction a plus
JOB RESPONSIBILITIES:
- Negotiate property-level contracts including leases licenses and where applicable third-party management and exclusive leasing listing agreements.
- Proactively enhance propertys competitiveness; monitor local market conditions anticipate trends and reposition property accordingly.
- 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 as well.
- Select and direct the transition of the property-level team (property manager leasing agent attorneys and other third-party professionals) after acquisition.
Required Experience:
Director
Employment Type
Full-Time
