What are the responsibilities and job description for the Vice President Asset Management position at RETS Associates?
RETS Associates on behalf of our client, a REIT focused on the acquisition, development, ownership and operation of industrial properties, is seeking a Vice President of Asset Management in Dallas, TX. The VP will drive the overall performance of a regional portfolio of institutional quality assets (industrial) to the highest level possible. The Asset Manager serves as the ultimate point of accountability for the financial performance of the portfolio. This position has heavy travel (50%) to oversee the industrial portfolio in Dallas and cover some markets in the South East and Mid-West.
Responsibilities
• Negotiate lease transactions within a portfolio of assets
• Establish and maintain relationships with tenants, including visits to corporate decision-makers
• Hire and work with local leasing brokers to fill vacancies within the portfolio
• Oversee all capital improvements and building expansions
• Travel to all markets and buildings in the portfolio
• Report on the performance of each asset with a comparison to budget and underwriting; make hold/sell recommendations
• Manage the disposition process
• Prepare annual property budgets and business plans
• Work with Acquisitions on underwriting potential deals and approve leasing assumptions
Qualifications
• Bachelor’s Degree required; advanced degree preferred
• Minimum 10 years of institutional real estate experience (heavy leasing and operations)
• Experience managing and leading teams of real estate professionals
Salary : $200,000 - $225,000