Industrial Asset Manager

Macdonald & Company is pleased to be exclusively retained to find and appoint an industrial asset manager on behalf of a thriving real estate investment firm. The asset manager will either be based in Indianapolis or Dallas.

Key Responsibilities:

Business Plan / Property-Level Reporting

• Set annual performance goals – budgeted NOI, gross leasing targets, net CF. Create annual business plan for each asset.
• Oversee, review and sign off on annual property-level budgets.
• Produce quarterly asset reports summarizing property-level performance, market activity, recent leases, construction activity and property “watch list issues.”
• Participate in monthly and quarterly property management operations calls.
• Provide strategic decision making as needed (e.g., tenant issues, capital/R&M). Provide quarterly write-up for internal use.

Leasing

• Working with 3rd-party brokers negotiating leases, tracking leases and ensuring final execution. Managing internal leasing team if any.
• Lease analytics – NER, budget vs actual (in VTS) for every deal. Ensure lender compliance with all leases.
• Provide credit analysis of prospective tenants as needed.

Capital / Project Management

• Oversee management of capex projects by CM and PM team. Serve as the lead on projects not under PM oversight (e.g., redevelopment, rezoning, etc.).
• Tracking all vacant units and MR projects. Ensure that the team is delivering units to meet leasing goals and expectations.

Valuation

• Maintain on-going sale and lease comps database for relevant transactions in each property submarket.
• Provide inputs (MLA, capital) for quarterly valuations. Review and sign off on final FMV value.

Acquisition

• Manage on-boarding plan with property management team. Ensure business plan is proceeding on schedule and tracking UW budget.

Dispositions

• Manage disposition process for assets identified for sale.
• Participate in the selection of the sales broker. Negotiation of the sales agreements.

Portfolio Management

• Review and sign off on quarterly FMVs.
• Direct hold/sell analysis on an on-going basis.
• Present quarterly and annual business plans to IC.
• Refinance decisions during hold period.
• Approve future capital calls.
• Quarterly property tours.

Qualifications & Skills:

• 5-10 years of asset management experience, preferably in industrial real estate.
• Bachelors Degree required, MBA Preferred.
• Strong background in leasing, financial analysis, and asset repositioning.
• Expertise in negotiation, budgeting, and capital planning.
• Ability to collaborate across departments and build strong tenant relationships.
• Highly analytical with excellent communication and leadership skills.
• Proficiency in financial modeling and lease structuring.