Asset Management and Acquisitions Associate, Industrial

Dallas, Texas Permanent USD90,000 - USD110,000 per year View Job Description
Michael Page has partnered with a respected real estate developer in the Dallas area who are looking for an Associate, Asset Management to support their industrial real estate platform.
  • Commercial real estate developer with growing industrial portfolio
  • opportunity to accelerate your career

About Our Client

A highly entrepreneurial development firm focused on industrial assets and rapidly expanding in Dallas. The firm is well capitalized and has strong equity relationships allowing them to move quickly where others cannot.

Job Description

Newly created AAssociate, Asset Management - Industrial Assets position will lead the implementation and execution of strategies, programs, policies, and initiatives for an industrial real estate portfolio. With a focus on growing NOI (Net Operting Income) the Associate, Asset Management - Industrial Assets will ensure achievement of the financial and operating goals of the portfolio.

Selected responsibilities:

  • Participates and assists in formulating the annual business plan for the assigned assets, all industrial in the greater DFW market.
  • Reviews, monitors, and reports on the portfolio's performance against budget and investment proforma by analyzing monthly operating and income statements, researching and taking appropriate actions to address variances, managing and monitoring cash flow, and preparing monthly and quarterly client portfolio/performance reports.
  • Communicates with and closely interacts with the Principals of the firm and third party property managers to monitor the daily operation of the portfolio by conducting routine site visits and inspections, reviewing weekly leasing, occupancy, and revenue reports, addressing policies, procedures and compliance issues and developing strategies and programs that maximize the performance of the portfolio.
  • Manages and oversees the portfolio's compliance with the established debt and equity providers, develops and provides reports to the investment principals and equity partners, monitors investment performance, returns and forecasts through financial modeling, and recommends ways for optimizing returns at the asset level.
  • Works with construction staff to plan for rehab and other capital improvements, and reviews and monitors progress on existing project to ensure on-time and on-budget completion.
  • Leads and executes the implementation of revenue-enhancing and expense containment programs and initiatives



MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

  • B.S. Degree in Accounting/Finance and 3+ years' equivalent experience within Asset Management or similar.
  • Specific asset management experience in industrial - warehouse or IOS.
  • Experience with capital improvement project management
  • Experience at interpreting limited partnership agreements, financial statements, and regulatory documents
  • Demonstrated proficiency in Excel and ARGUS.



What's on Offer

Targeting salaries from $85,000 to roughly $110,000 plus bonus depending on level and experience. Opportunity for advancement and great

Contact
Nick Walker
Quote job ref
JN-122024-6614428

Job summary

Sector
Real Estate
Sub Sector
Property & Asset Management
Industry
Property
Location
Dallas
Contract Type
Permanent
Consultant name
Nick Walker
Job Reference
JN-122024-6614428