Director, Asset Management (LA)
Faropoint · Los Angeles, CA · 4 wk ago
FinanceFull-time
Key Responsibilities
- Own all aspects of leasing relationships and decisions, including tenant negotiations, lease structuring, rent growth strategies, and lease renewals across the regional portfolio
- Lead leasing execution and strategy, setting market positioning, defining competitive advantages, and driving proactive tenant engagement
- Oversee due diligence and appraisal processes for new acquisitions, ensuring thorough analysis and alignment with fund underwriting standards
- Oversee asset management teams responsible for budgets, forecasting, vendor relations, tenant relations, accounts receivable, and maintenance operations
- Drive portfolio strategy and performance reporting, conducting market analysis, identifying repositioning opportunities, and presenting portfolio performance to investors and fund leadership
- Mentor and develop asset management team members, providing guidance on technical skills, market knowledge, and professional growth
- Review and approve all aspects of operational budgets, capital improvement plans, appraisals, and financial analyses
- Manage vendor relationships and capital improvement initiatives, ensuring quality execution and cost control
- Lead strategic initiatives to improve operational efficiency, implement process improvements, and leverage technology to drive portfolio performance
- Ensure compliance with fund policies, loan covenants, and regulatory requirements across the regional portfolio
Required Qualifications
- 5-10 years of experience in asset management or real estate investment, with at least 3-5 years in a leadership or senior management capacity
- Proven track record managing industrial/commercial real estate portfolios with demonstrated success in leasing, operational management, and financial performance
- Bachelor's degree in Real Estate, Finance, Business Administration, or related field
- Demonstrated expertise in commercial real estate finance, including underwriting, ARGUS, rent roll analysis, and financial reporting
- Strong leadership and team development capabilities with experience managing and mentoring asset management professionals
- Excellent communication and presentation skills, with ability to interface effectively with C-level executives, investors, and external partners
- Strategic thinking combined with strong operational and analytical capabilities
- Knowledge of industrial real estate market dynamics, including leasing trends, tenant demand, and capital markets
- Ability to manage multiple priorities, drive projects to completion independently, and thrive in a fast-paced environment
- Personal and professional integrity of the highest order
- Willingness to travel 5-10% of the time
Preferred Qualifications
- Experience with Yardi or similar property management software
- Background with fund management or institutional real estate investing
- Experience in acquisitions, dispositions, or capital markets within industrial real estate
Compensation & Benefits
- This position offers a highly competitive compensation package including base salary in the $130-180k range, discretionary performance bonus, comprehensive healthcare benefits, unlimited PTO, 401(k) match, and professional development