Senior Leasing Associate (Retail) at Last Mile Investments

Senior Leasing Associate (Retail)

Location: Dallas TX

Position Summary

TheSeniorLeasing Associate at Last Mile Investments supports the execution of leasing merchandising and value-creation strategies across a national portfolio of 30 retail assets in major U.S. markets. Reporting to the Vice President ofAsset Management this role manages third-party broker relationships negotiates LOIs new leases renewals and amendments and contributes to portfolio reviews and annual vacancy and renewal budgeting. The position requires strong organizational and communication skills to coordinate among brokers tenants internal teams and vendors while managing a high volume of transactions. TheSeniorLeasing Associatealso collaborates closely among Leasing Acquisitions and Operations leadership to assess submarket trends market rents risks and opportunities. This is a fast-paced growth-oriented role within an owner-operator platform focused on value-addneighborhood retail centers with travel.

Responsibilities

• Contribute to andexecute onthe leasing merchandising and value creation strategy for a region of a national portfolio of assets.
• Manage third-party leasing relationships across multiple states and markets.
• Negotiate letter of intents new Leases renewals and other amendments.
• Draft renewal documents and amendments
• Conduct portfolio reviews with tenants.
• Collaborate with Asset Management Team on annual budgets for vacancies and renewals.
• Collaborate with Asset Management Team and Acquisition Teams to optimize our understanding of sub-market trends market rents opportunities risks among other vital assessments for properties were under contract with and existing assets.
• Partner with Asset Management Team to achieve annual and quarterly leasing goals.
• Travel required.

Qualifications and Requirements

• 2-10 years of retail leasing in volume preferably with experience within an owner/operator
• Demonstrated ability to manage a fast-paced deadline-driven environment.
• Demonstrated ability to multi-task and prioritize assignments while delivering consistent quality work.
• High level of attention to detail and accuracy.
• Demonstrated ability to work with little supervision and seek help when needed.
• Demonstrated ability to build strong internal and external relationships.
• Strong analytical and communication skills.

Candidates Profile

The ideal candidate is a selfmotivated detailoriented retail leasing professional who excels in a fastpaced highvolume environment. They can confidently manage multiple deals collaborate effectively across teams communicate clearly and approach negotiations and problemsolving proactively.

Retail leasing experience is.

Compensation and Benefits

Last Mile InvestmentsSeniorLeasingAssociateposition will include a benefits package that includes medical dental life and 401(k). It will provide a competitive salary based on the candidates experience.

About Last Mile Investments:

Mile Investments (LMI or the Firm) is a rapidly expanding real estate fund manager specializing in the acquisition of last mile retail assets primarily located in Sunbelt markets including Atlanta Austin Charlotte Dallas/Fort Worth Nashville Jacksonville Phoenix Raleigh/Durham and Tampa / St. Petersburg among others. Headquartered in Cincinnati OH the Firm was founded in 2019 by Ryan Moore (CEO) and David Birdsall (CIO) (combined the Co-Founders) who have significant retail investment management and capitalmarketsexperience across their collective careers. Prior to co-founding LMI Ryan was a Principal at Phillips Edison & Co. where he led their investment management business andwas responsible forthe $7 billion fully integrated real estate platform focused on the retail sector. David was formerly the President of the Strategic Investment Fund division of Phillips Edison and Co. and VP of Development with Regency Centers a national owneroperatorand developer of shopping centers. LMIs team currently consists of 24 professionals all with deep experience in the retail addition LMI is an affiliate of North American Properties (NAP) a privately held owner / operator that has invested$7 billioninto the real estate sector since itsinceptionin 1954.

Market Opportunity

LMI hasestablisheda robust national portfolio across 24 markets anda clear visionfor growth. The Firm is seeking to add$1 billionof assets to its portfolio over the next three years aiming to reach$2 billionin assets across 30-40 markets within five years.

Historically LMI has successfully raised multiple commingled fund vehicles capitalized by a diversified roster of institutional family office and high-net-worth investors. Recently LMI completed the capital raise of Fund III.

LMI targets multi-tenanted last mile retail assets that typically range in size from 10000-500000 square feetin highly trafficked densely populated locations.LMI often targets assets that are undermanaged and/or undercapitalized andseeksto create value through tailored capital improvements lease-up / re-tenanting operationalimprovementsand mark-to-market opportunities. Importantly LMI assets cater to e-commerce-resistant and service-based tenants including food & beverage health & wellness healthcare and service/convenience users.

This approach generates significant tenant demand and stable cash-on-cash returns. LMIs current portfolio consists of 32 last mile retail assetslocatedthroughoutthe Sunbelt.

About North American Properties

What makes a placetruly great At North American Properties we believe it centers on meaningful connectionsbridging people to each other cities to their unique identities partners to new possibilities and individuals to experiences that inspire and enrich their lives. Our commitment to fostering these connections is reflected in our longstanding partnership with Last Mile Investments (LMI) a rapidly growing real estate fund manager focused on lastmileretail assets across major Sunbelt markets.

By fulfilling the innate human desire for connection we create environments that are not only more vibrant and successful but also contribute to building happier more resilient communities. Since our founding in 1954 North American Properties has paired robust capital resources and disciplined execution with an innovative mindsetqualities that align seamlessly with LMIs value-driven investment approach. Together we have expanded the possibilities for more than$7 billionof assets throughout the United States continually reimagining what retail and mixed-use destinations can achieve.

Whether developing multifamily mixed-use office student housing hotel or retail environments North AmericanPropertiesand our affiliate LMI share a drive to deliver transformative meaningful real estate. We are united in our mission to create places that inspire delight and connect people with what matters most ensuring our projects are not just successful investments but catalysts for thriving communities.

We look forward to hearing from you!

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