Manager, Asset Management

The Asset Manager at Rexford Industrial is an important role responsible for overseeing the performance of our industrial property portfolio. The Asset Manager will help develop and implement strategies to enhance the value of the assets, increase operational efficiency, and facilitate interdepartmental collaboration. We ask that you understand the industrial real estate market and analyze data and trends to make informed decisions. You will report to the Director of Asset Management.

Joining Rexford Industries as an Asset Manager offers an exciting opportunity to work with a dynamic team in a successful and growing industry. You will help shape our asset-level strategies and contribute to Rexford’s continued success.

This position is located in Southern California with a hybrid work environment, reporting to the Managing Director, Asset Management. 25% travel is required.

About The Role

• Lead the development of asset strategic plans in collaboration with Leasing, Property Management, Development and Investments.
• Identify opportunities to improve property performance and implement plans to achieve growth and profitability targets.
• Participate in the scoping of property-level improvements and support team decision making with financial analysis.
• Draft strategy and capital approval memorandums.
• Evaluate investment opportunities, make data-driven recommendations and monitor financial performance.
• Collaborate with the leasing team to develop leasing strategies and ensure tenant retention.
• Identify and assess risks associated with the portfolio and develop risk mitigation plans.
• Stay up to date with industry trends, market dynamics, and regulatory changes that may influence the assets.
• Work with Property Management and Finance to prepare annual operating budgets for each property.
• Establish performance metrics and key performance indicators (KPIs) for assets. Analyze the performance of each property against these indicators and implement improvements.
• Analyze capital expenditure plans for renovation, repositioning, and development projects.
• Communicate with senior management and other partners to provide updates on property performance, asset strategies, and financial results.
• Manage and mentor analysts to ensure team engagement and team member growth and development.

About You

• Bachelor's degree in Finance, Real Estate, Business Administration, or related field.
• 7 years prior institutional level industrial real estate asset management experience.
• Experience with commercial real estate, specifically in asset management, property management, or real estate finance.
• Strong verbal and written communications skills and ability to work collaboratively on interdepartmental teams.
• Financial knowledge and proficiency in financial analysis, budgeting, and forecasting.
• In-depth knowledge of the industrial real estate market, including market trends, tenant demands, and competition.
• Proficiency in using real estate software and tools, including property management systems, preferably Yardi, and financial modeling software such as Excel and Argus.
• Experience managing analysts a plus.

Rexford Industrial's reward plan includes great benefits packages, bonus eligibility and long-term stock incentives. The expected annual base salary range for this role is $130,000 to $160,000, a 20% discretionary annual bonus target and stock grant eligibility.* The actual base salary and total compensation offered depend on a variety of factors, which include, without limitation, the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location where the job will be performed. The final base salary and total compensation will be described in any offer letter.