Clarion Partners has been a leading real estate investment manager for over 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 institutional investors across the globe. Clarion Partners operates independently as a Specialist Investment Manager owned by Franklin Templeton (FT), a diversified firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals.

The Vice President position is based out of the Los Angeles office.

Key Tasks and Responsibilities:

• Manage day to day operations of existing office assets.
• Creatively add value and carry out strategic goals at the property level through leasing, property management, implementation of capital improvements
• Responsible for all monthly and quarterly reports for clients.
• Prepare and execute annual strategic business plan for each property, including leasing goals, operating budgets, capital project plans.
• Select and lead third party vendors (leasing agents, property managers, etc.).
• Develop and review operating budgets.
• Review monthly operating/financial performance, variance analysis and operating/capital project status.
• Complete annual valuations for the properties, and review quarterly valuations as required, including annual hold/sell analysis.
• Assist in developing repositioning, operational and disposition strategies.
• Assist in developing and recommending criteria for value-add/rehabilitation programs.
• Provide ownership oversight of the implementation of large capital investment decisions.
• Monitor transactions and development activity that might affect the subject investment.
• Manage the annual budgeting and business planning process.
• Participate in the acquisition process and provide necessary oversight to ensure that accurate and complete information is provided regarding reasonable and achievable cash flow assumptions, demographics, market rents and outlooks, capital and reposition plans, and financial terms.
• Maximize total return for each assigned asset through the analysis of property efficiencies and identifying opportunities for improved performance.
• Develop a complete understanding of the real estate markets where each asset is located.
• Develop a plan for tenant engagement.
• Visit properties no less than quarterly.
• Support acquisitions due diligence and underwriting for new investments.
• Review and approve all sales material, sales contracts, and other procedures and agreements relating to the disposition of the properties.

Qualifications:

• Must have successful track record handling all aspects of office value add, construction and development projects.
• BA/BS degree in Finance, Real Estate or related field with strong record of academic achievement with MBA preferred.
• 5-10 years of office asset management experience.
• Relevant experience in office asset management with an analytic and quantitative approach as well as strong real estate instincts.
• Must be a self-starter with strong analytical and communication skills and have the ability to proactively recognize, investigate and communicate all issues.
• Superior verbal and written communications skills along with strong presentation and executive reporting skills.
• Excellent leadership ability, a confident communicator with the level of maturity and presence necessary to interact with the senior management of the firm, as well as joint venture partners and external constituents.
• Strong problem-solving orientation and the ability to identify and execute a strategic solution.
• Driven, entrepreneurial, hard-working and results-oriented individual.
• Excellent Microsoft Office skills (Excel, Word & PowerPoint), Financial Modeling and expert knowledge of Argus.
• Ability to think strategically.
• Travel required.

If based in Los Angeles, the base salary range for this position is USD $155,000 - $185,000. Actual base salary offered will be determined by several components including but not limited to the candidate's experience, job-related knowledge, and qualifications. Base salary does not include other forms of compensation or benefits offered in connection with the advertised role. Total compensation may vary based on role, location, and individual performance. For roles located outside of Los Angeles, please disregard the posted salary range as these roles will follow a separate compensation process based on the local market.

We offer generous benefits designed with the health and financial welfare of our employees and their families in mind, including highly competitive and expansive health care coverage, a comprehensive 401K, company-sponsored volunteer opportunities, individual volunteer time off, parental leave and childcare programs, as well as other benefits and discount purchase programs.

Clarion Partners is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.

By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. Clarion Partners offers generous benefits designed with the health and financial welfare of our employees and their families in mind, including highly competitive and expansive health care coverage, a comprehensive 401K, company-sponsored volunteer opportunities, individual volunteer time off, parental leave and childcare programs, as well as other benefits and discount purchase programs.

Clarion Partners is committed to fostering a diverse and inclusive environment. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.