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Director Asset Management

Piedmont

Office

Atlanta, GA

Salary Estimate: Confidential

Employment Type: Full Time

Work Place: Office

Experience Required: 7+ to 10 years

Education Required: 4 Year College

Benefits

Job Description

At Piedmont, our mission is to build and transform workspaces that enhance connection and collaboration for tenants, while remaining committed to our stakeholders, employees, and local communities. Going beyond Piedmont’s commitment to a best-in-class built environment, we have dedicated ourselves to fostering a diverse and inclusive culture by empowering employees to share their experiences and ideas to create a culture where there is shared pride, passion, and commitment to excellence, innovation, and respect. Culture is more than just a buzzword to us, our employees are what make Piedmont such a dynamic and rewarding place to work and remain our most valuable resource to work together, be successful, grow the company, and make an impactful difference in the office experience.

This role will focus on driving the financial and operational performance for a portfolio of 6-8 Class A office buildings (1.5-2.0 MSF). Primary responsibilities will include developing/executing value add strategies, negotiating leases and building relationships with key market participants. Additionally, the Director will partner with Regional Head to underwrite potential acquisitions and developments.

JOB REQUIREMENTS:

Bachelor’s degree required (finance, accounting 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
Strong negotiation, verbal, and writing skills
Advanced knowledge of financial analysis (NPV, IRR, lease comparison, ROI, DCF modeling, payback, financial statement analysis, etc.)
Proficient in ARGUS Enterprise and Excel
Physical requirements involve sitting to perform general office work at computer, and mobility between departments or office areas to facilitate work.
Routine travel is required for the position up to 15% of the time.
Experience in the Atlanta office markets preferred.
Relevant experience in office lease negotiations, property operations, development or construction a plus

JOB RESPONSIBILITIES:

Negotiate property-level contracts, including leases, licenses and, where applicable, third-party management and exclusive leasing listing agreements.
Proactively enhance property’s competitiveness; monitor local market conditions, anticipate trends and reposition property accordingly.
Prepare Investment Committee recommendations on large lease transactions.
Update Senior Management on leasing efforts, including both new leasing activity for vacant space as well as renewal activity on existing tenants.
Review and approve property budgets, including both projected leasing and building capital plans.
Work with Analyst to update ARGUS Enterprise models used for ongoing cash flow projections of portfolio.
Identify ‘Value Add’ strategies for properties in the portfolio.
Partner with Regional Head/Capital Markets to underwrite acquisition and development opportunities. Assist in the disposition process as well.
Select and direct the transition of the property-level team (property manager, leasing agent, attorneys, and other third-party professionals) after acquisition.

Asset Management