Director of Asset Management - Piedmont Office Realty Trust

November 09, 2017
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Piedmont Office Realty Trust

Atlanta, Georgia
http://www.piedmontreit.com

Job Summary:

Piedmont Office Realty Trust, a national equity REIT with 19 million square feet of office buildings, is seeking a Director of Asset Management.  The position is based at the company's corporate office in Johns Creek, Georgia.  The primary role is to drive investment performance for a 2 million square foot office portfolio located in the Southeast, mostly Atlanta and Orlando.

 

 

Job Requirements:

  • Bachelor’s degree required (finance or real estate focus preferred)
  • 7-10 years of commercial real estate experience; 5 years focused on asset management
  • Ability to develop and deepen key business relationships
  • Good negotiation, verbal and writing skills
  • Experience in financial analysis (NPV, IRR, lease comparison, ROI, DCF modeling, payback, financial statement analysis, etc.)
  • Proficient in ARGUS and Excel

 

Job Responsibilities:

The Director will have oversight of 8-12 Class A office buildings.  In this area, the Director will be responsible for: 

  • Negotiating property-level contracts, including leases, licenses and, where applicable, third-party management and exclusive leasing listing agreements.

 

  • Inspecting properties and direct competition on a regular basis; monitoring local market conditions, anticipating trends and repositioning property accordingly.

 

  • Preparing Investment Committee recommendations on large lease transactions.

 

  • Updating Senior Management on leasing efforts for all properties, including both new leasing activity for vacant space as well as renewal activity on existing tenants.

 

  • Reviewing and approving property budgets, including both projected leasing and building capital plans.

 

  • Updating ARGUS models used for ongoing cash flow projections of portfolio.

 

  • Supporting the Capital Markets process by opining on the target property, the respective market, and the related acquisition underwriting.  Assist in the disposition process as well.

 

  • Selecting and directing the transition of the property-level team (property manager, leasing agent, attorneys, and other third party professionals) after acquisition.

 

Piedmont Office Realty Trust offers a competitive salary, bonus and comprehensive benefits program, as well as the opportunity to grow with an organization that values excellence.

 

EOE M/F D/V