Asset Manager - Multi-Tenant Retail & Industrial Properties

Asset Manager – Multi-Tenant Retail & Industrial Properties

Location: Dallas, TX or Austin, TX

Company: Cove Capital Investments

Employment Type: Full-Time

About the Role

We are seeking a highly analytical and proactive Asset Manager to oversee a portfolio of multi-tenant retail and industrial properties. This role is responsible for driving asset performance, maximizing Net Operating Income (NOI), managing leasing strategy, negotiate lease terms for renewals and new tenants, and ensuring operational excellence across the portfolio.

The ideal candidate combines financial acumen, leasing expertise, and strategic thinking to enhance property value and deliver strong investor returns.

Please note: We are specifically seeking candidates with 3–5+ years of direct experience in industrial, retail, or shopping center asset management, including hands-on lease negotiation experience. Multifamily experience is not applicable for this role.

Key Responsibilities

Asset & Financial Management

• Review lease abstracts, rent rolls, and property financials

• Analyze P&L statements, budgets, and variance reports

• Monitor NOI, occupancy, and asset-level KPIs

• Oversee rent collections and minimize delinquencies

• Prepare internal performance reports and investor updates

• Develop and manage annual operating budgets, including CAM, taxes, and insurance

• Conduct CAM reconciliations and manage expense recovery processes

Leasing Strategy & Tenant Relations

• Drive leasing strategy to optimize tenant mix and reduce vacancy

• Negotiate lease terms, renewals, and new deals aligned with market conditions

• Underwrite and evaluate prospective tenants and lease structures

• Manage third-party brokers and leasing teams

• Track lease expirations and proactively manage renewals

• Ensure compliance with co-tenancy clauses, exclusivity provisions, and lease terms

• Maintain strong tenant relationships to improve retention

Operations & Property Oversight

• Oversee property management teams and vendor performance

• Approve and monitor operating expenses and capital expenditures (CAPEX)

• Track maintenance issues and ensure timely resolution

• Ensure compliance with insurance, safety, and regulatory requirements

• Maintain quality and curb appeal across all assets

Strategic Value Creation

• Identify and execute value-add opportunities and asset repositioning strategies

• Analyze market trends, leasing comps, and competitive positioning

• Explore ancillary revenue streams (e.g., EV charging, cell towers, ground leases)

• Support refinancing and disposition strategies

Investor Reporting & Communication

• Prepare quarterly investor reports and performance updates

• Communicate key risks, opportunities, and leasing activity

• Support distribution processes and financial transparency

Qualifications

• Bachelor’s degree in Real Estate, Finance, Business, or related field

• 3–5+ years of experience specifically in industrial, retail, or shopping center asset management (multifamily experience will not be considered)

• Demonstrated experience negotiating commercial leases for renewals and new deals.

• Strong understanding of retail and/or industrial property operations

• Experience with lease structures, including NNN leases

• Proficiency in financial analysis and real estate metrics (NOI, IRR, cap rates)

• Experience with property management and data platforms (e.g., Yardi, CoStar, Crexi)

• Strong negotiation, analytical, and communication skills

Preferred Qualifications

• Experience managing multi-tenant retail centers or industrial portfolios

• Strong background in leasing, acquisitions, or property management

• Familiarity with CAM reconciliations and tenant billing structures

What We Offer

• Competitive salary + performance-based bonus

• Opportunity to directly impact portfolio performance and investment strategy

• Growth within a dynamic real estate investment platform

• Collaborative and entrepreneurial work environment