Includes Bonus
Director of Asset Management
Piedmont Realty Trust
Dallas, TX
•
Confidential
•
Full Time
•
Office
Office
5+ to 7 years exp. • 4 Year College
This job is no longer accepting applications.
The posting has expired or been closed by the employer. Please do not contact the employer directly to apply — explore similar open roles below.
Job Description
Piedmont Realty Trust™ (NYSE: PDM) is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer, and operator of approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets, Piedmont Realty Trust™ is known for its hospitality-driven approach and commitment to transforming buildings into premier “Piedmont PLACEs” that enhance each client’s workplace experience.
This role will focus on driving the financial and operational performance for a portfolio of 6-8 Class A office buildings totaling over 2M SF. 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.
- Effective interpersonal skills, with a proven ability to develop and foster relationships with internal and external key business partners.
- 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, Yardi, 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 20% of the time.
- Relevant experience in office lease negotiations, property operations, development or construction a plus.
JOB RESPONSIBLITIES:
- 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, understand the building’s current and anticipated future occupancy and make recommendations on repositioning the property accordingly when needed.
- 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 for any future property sales.
- Select and direct the transition of the property-level team (property manager, leasing agent, attorneys, and other third-party professionals) after acquisition.
Job Functions
This job posting is no longer active
Related Jobs
Application Submitted!
You can view and track your application from your dashboard.