Director of Industrial Asset Management

Hybrid 3/2 Role with in office work in downtown Miami.

Seeking a Director of Asset Management for the multi-tenant light industrial asset class to assist in overseeing and managing the portfolio. This individual will be responsible for maximizing property value and investment returns through strategic asset management, lease oversight, financial stewardship, and strong stakeholder relationships.

Key Responsibilities

Leasing & Revenue Growth

• Develop and implement asset management strategies to optimize property performance and maximize ROI.
• Oversee third-party leasing agents to maximize occupancy and drive greater leasing velocity for both new leases and renewals.
• Participate in lease negotiations, including LOIs and RFPs, and conduct financial analyses of lease transactions.
• Formulate and execute workout plans for tenants experiencing financial difficulties.
• Conduct periodic site visits to assess property conditions and performance.
• Monitor and analyze market trends, competitor activity, rental rates, and leasing absorption.

Corporate Leadership & Team Oversight

• Provide leadership to junior asset managers, ensuring optimal lease oversight and financial performance.
• Foster a culture of continuous improvement and professional development within the asset management team.

Financial Oversight & Reporting

• Oversee property operations, including budget-to-actuals analysis, cash flow projections, occupancy levels (rent rolls), and accounts receivable.
• Conduct monthly and quarterly financial performance reviews, including budget comparisons, asset proforma analyses, and investment performance reports.
• Manage quarterly reconciliation of leasing commissions, tenant improvements, and capital projects, ensuring accurate forecasting of capital needs.
• Develop leasing assumptions in collaboration with leasing agents for annual budget preparation.
• Review and refine annual operating and capital expense budgets, ensuring alignment with acquisition and valuation models.
• Oversee loan documents and servicing agreements, ensuring compliance with lender requirements and reserve levels.

Value Creation & Operational Efficiency

• Maximize total return on assets through operational efficiencies and strategic performance enhancements.
• Partner with property management teams to analyze and reduce operating expenses, improve cash flow, and increase overall returns.
• Develop and implement action plans for property challenges and monitor their effectiveness

Qualifications

• Bachelor’s degree in real estate, business, finance, or a related field (Master’s degree or relevant certifications preferred).
• Minimum of 7 years of experience in real estate asset management or a related discipline.
• Strong financial acumen and analytical skills, with experience in portfolio oversight.
• Excellent communication, negotiation, and organizational abilities.
• Proven track record in developing and executing asset management strategies.
• Knowledge of multi-tenant light industrial and office real estate operations.
• Ability to thrive in a fast-paced, entrepreneurial environment.
• Proficiency in MS Excel, Word, and Outlook; familiarity with real estate software (Yardi, Deal Manager, Argus, VTS, etc.) is a plus.