Asset Management Associate Irving, TX
Kaizen Lab Inc., Irving, TX, United States
The
Asset Management Associate
will support the operational management of a portfolio of industrial properties. This role will work closely with senior leadership, property managers, and leasing teams to help optimize asset performance and contribute to investment growth strategies. Summary of Job Duties
Maintain an understanding of market conditions for the assigned portfolio, with regular trips to designated markets. Assist in monitoring and optimizing asset performance, including financial analysis and property operations. Manage a team of Property Managers (in-house or third party) to achieve or exceed Company operational objectives including tenant satisfaction and asset profitability. Tour all vacant spaces and make sure they are in a marketable condition. Tour any spaces related to in-process (or upcoming) construction upgrades. Assist with lease negotiations (new and renewal) with EastGroup’s third-party leasing representatives. Support leasing efforts by tracking lease expirations, monitoring tenant negotiations, and preparing lease summaries. Maintain financial results (budget and same store sales) for each market. Work with senior management to implement capital improvement programs and property enhancement initiatives. Assist in tracking construction progress, budgets, and timelines for development and renovation projects. Help coordinate third-party contractors, vendors, and consultants for maintenance and improvement projects. Assist with underwriting potential acquisitions, including capitalization rate evaluation, risk and return analysis. Assist with any due diligence activities related to the acquisition and disposition of any properties. Build relationships with brokers in assigned markets to stay informed on upcoming market and potential “off-market” acquisition opportunities. This includes attending Commercial Real Estate events in markets typically hosted by NAIOP, SIOR, NATCAR, etc. Help prepare investment committee memorandums related to potential acquisitions, as well as future development projects. Education & Experience
Bachelor’s degree in business, real estate, economics, or related field; advanced degree a plus. 3+ years’ relevant experience, preferably in commercial real estate. Knowledge, Skills & Abilities
Solid understanding of financial terms and principles, with ability to conduct complex financial analysis. Excellent communication and interpersonal skills to interact with tenants, brokers, and internal teams. Strong organizational skills with attention to detail. Proficient with all Microsoft applications and experience with property management software, preferably Yardi.
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Asset Management Associate
will support the operational management of a portfolio of industrial properties. This role will work closely with senior leadership, property managers, and leasing teams to help optimize asset performance and contribute to investment growth strategies. Summary of Job Duties
Maintain an understanding of market conditions for the assigned portfolio, with regular trips to designated markets. Assist in monitoring and optimizing asset performance, including financial analysis and property operations. Manage a team of Property Managers (in-house or third party) to achieve or exceed Company operational objectives including tenant satisfaction and asset profitability. Tour all vacant spaces and make sure they are in a marketable condition. Tour any spaces related to in-process (or upcoming) construction upgrades. Assist with lease negotiations (new and renewal) with EastGroup’s third-party leasing representatives. Support leasing efforts by tracking lease expirations, monitoring tenant negotiations, and preparing lease summaries. Maintain financial results (budget and same store sales) for each market. Work with senior management to implement capital improvement programs and property enhancement initiatives. Assist in tracking construction progress, budgets, and timelines for development and renovation projects. Help coordinate third-party contractors, vendors, and consultants for maintenance and improvement projects. Assist with underwriting potential acquisitions, including capitalization rate evaluation, risk and return analysis. Assist with any due diligence activities related to the acquisition and disposition of any properties. Build relationships with brokers in assigned markets to stay informed on upcoming market and potential “off-market” acquisition opportunities. This includes attending Commercial Real Estate events in markets typically hosted by NAIOP, SIOR, NATCAR, etc. Help prepare investment committee memorandums related to potential acquisitions, as well as future development projects. Education & Experience
Bachelor’s degree in business, real estate, economics, or related field; advanced degree a plus. 3+ years’ relevant experience, preferably in commercial real estate. Knowledge, Skills & Abilities
Solid understanding of financial terms and principles, with ability to conduct complex financial analysis. Excellent communication and interpersonal skills to interact with tenants, brokers, and internal teams. Strong organizational skills with attention to detail. Proficient with all Microsoft applications and experience with property management software, preferably Yardi.
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