Executive Director, Real Estate - Asset Manager, Industrials

About the Role

Morgan Stanley Real Estate Investing (“MSREI”) is seeking a highly experienced industrial real estate asset manager to be based in New York and oversee a significant portion of MSREI’s industrial portfolio across its various fund strategies. You will assume responsibility for a strategically important, multi-market industrial portfolio of approximately $3 billion in Gross Asset Value (GAV), comprising roughly 70 assets totaling over 14.5 million square feet and approximately 130 tenancies across six major U.S. markets. This role represents one of the business’s largest dedicated industrial asset management positions.

As the successful candidate, you will optimize portfolio performance by leveraging direct tenant relationships to drive leasing and retention, actively managing brokers to deliver leasing goals, and holding property management accountable for quality of operations.

Responsibilities

• Develop and execute asset-level business plans focused on maximizing value and operating performance.
• Drive portfolio performance through leasing execution, tenant retention, capital planning, and revenue optimization.
• Monitor asset performance against underwriting and investment objectives.
• Lead leasing strategy across approximately 3.5 million square feet of near-term roll.
• Coordinate closely with leasing brokers to establish market strategy, pricing, marketing, and transaction execution.
• Negotiate lease agreements with tenants.
• Manage property managers, leasing professionals, construction managers, and third-party service providers to ensure execution of business plans.
• Coordinate capital projects and repositioning initiatives where appropriate.
• Prepare and present investment recommendations and leasing approvals.
• Lead quarterly asset reviews and annual business planning.
• Monitor market fundamentals, competitive positioning, tenant demand, and valuation trends.
• Identify opportunities to enhance portfolio value through leasing, redevelopment, or disposition.

Requirements

• Bachelor of Arts or Bachelor of Science required.
• 10+ years of commercial real estate experience with significant industrial asset management responsibility.
• Proven experience leading leasing strategy for large industrial portfolios.
• Strong understanding of industrial market dynamics across multiple U.S. regions.
• Experience managing third-party property managers and leasing brokers.
• Excellent financial analysis, valuation, and investment decision-making skills.
• Ability to prioritize competing initiatives across numerous assets simultaneously.
• Strong communication and organizational leadership capabilities.

About Morgan Stanley

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $2 trillion in assets under management or supervision as of June 30, 2026. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations, and individuals worldwide.

Morgan Stanley Real Estate Investing (“MSREI”) is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add/opportunistic and regional core/core-plus real estate investment strategies. With 17 offices throughout the U.S., Europe, and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $58 billion of gross real estate assets worldwide on behalf of its clients.

Since 1935, Morgan Stanley is known as a global leader in financial services, continuously evolving and innovating to better serve our clients and our communities in more than 40 countries around the world. Our values—putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back—guide the decisions we make every day.

Benefits

At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest in an environment where you are supported and empowered. We offer some of the most attractive and comprehensive employee benefits and perks in the industry, supporting our employees and their families at every point along their work-life journey. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

Pay

Expected base pay rates for the role will be between $200,000 and $300,000 per year at the commencement of employment. Base pay is determined on an individualized basis and is only part of the total compensation package, which may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.