Asset Management Associate

STAG Industrial, Inc.

Boston (MA)

On-site

USD 85,000 - 125,000

Full time

14 days+

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Benefits offered by this job

Competitive base salary

Discretionary bonus

Paid holidays and generous PTO

401(k) plan with employer match

Health, dental, and vision insurance

Basic life and AD&D coverage

Voluntary supplemental life insurance

Short- and long-term disability

FSAs for healthcare and dependent care

Job summary

STAG Industrial, Inc. in Boston seeks an Asset Management Associate to support leasing, management, and reporting for a portfolio of industrial assets (~100 buildings/15M sf/$1B+). You will work with VP/SVP Asset Manager and cross-functional teams.

The role involves underwriting acquisitions, assisting dispositions, and preparing portfolio analyses, budgets, and performance summaries to guide decisions. Moderate travel is required, and candidates should be highly organized with strong Excel and

Qualifications

Bachelor's degree in Real Estate, Finance, Business Administration, Accounting or related field.
3 to 5 years of relevant real estate experience.
Extensive knowledge of Excel.
Familiarity with property/lease management and financial modeling systems (Yardi, MRI, Argus) preferred.
Strong interpersonal, oral and written communication skills.
Ability to read and interpret lease language and work independently.
Highly detail oriented with analytical problem-solving abilities.

Responsibilities

Acquisitions - Support underwriting and onboarding of new investments (buildings and developments).
Dispositions - Assist in the sale of existing assets (valuation models, broker selection, buyer interviews, due diligence coordination, and closing process).
Portfolio Reporting – Analyze, forecast, and report on portfolio metrics (occupancy, lease rollover, NOI, CapEx, and market trends).
Onboard and train third-party property managers (PMs) on STAG processes and internal systems.
Primary point of contact for property managers in the field.
Conduct monthly property management calls, review building inspection reports, and act as initial ownership representative on daily action items.
Coordinate repairs and maintenance and capital improvement projects with PMs and STAG’s construction team in accordance with the budget.
Oversee AR outreach to tenants, credit applications, payment inquiries and invoicing issues.
Review and approve annual budgets including operating expenses, CAM recovery pools, lease assumptions, and capital expenses.
Interface with the legal department on sublease and assignment agreements, demand and default letters, and other tenant related documentation.
Draft broker listing agreements, coordinate execution, and approve marketing materials.
Ensure vacant spaces are in market ready condition and marketing materials are on site.
Assist in negotiating leases, preparing term sheets, modeling deal economics, and coordination of documents.
Prepare lease approval summaries (“LAS Form”) for internal signoffs.
Support brokers and maintain constructive relationships.
Assist in monthly/quarterly reforecasts including expense recovery and actual-to-budget variance analysis.
Liaison between tenants and property managers to answer questions and resolve any issues including management and reconciliation of tenant accounts.
Coordinate with property managers and accounting to resolve invoicing issues.

Skills

Communication

Analytical thinking

Team collaboration

Education

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

3 to 5 years of relevant real estate experience

Tools

Yardi

MRI

Argus

Job description

The Asset Management Associate’s ("AMA") primary role is to assist in leasing, management, and reporting for a portfolio of industrial assets (~100 buildings/15M sf/$1B+). The position is aligned with a VP (or SVP) Asset Manager who has direct responsibility for operation and performance of the assets. The AMA works closely with internal team members (Lease Administration, Accounting, Acquisitions, Legal, etc.) and external third parties (leasing brokers, property managers, JV Partners, vendors, etc.).

Duties and Responsibilities

Acquisitions - Support underwriting and onboarding of new investments (buildings and developments).
Dispositions - Assist in the sale of existing assets (valuation models, broker selection, buyer interviews, due diligence coordination, and closing process).
Portfolio Reporting – Analyze, forecast, and report on portfolio metrics (occupancy, lease rollover, NOI, CapEx, and market trends).

Asset Management

Onboard and train third-party property managers ("PMs") on STAG processes and internal systems.
Primary point of contact for property managers in the field.
Conduct monthly property management calls, review building inspection reports, and act as initial ownership representative on daily action items.
Coordinate repairs and maintenance and capital improvement projects with PMs and STAG’s construction team in accordance with the budget.
Oversee AR outreach to tenants, credit applications, payment inquiries and invoicing issues.
Review and approve annual budgets including operating expenses, CAM recovery pools, lease assumptions, and capital expenses.
Interface with the legal department on sublease and assignment agreements, demand and default letters, and other tenant related documentation.

Leasing

Draft broker listing agreements, coordinate execution, and approve marketing materials.
Ensure vacant spaces are in market ready condition and marketing materials are on site.
Assist in negotiating leases, preparing term sheets, modeling deal economics, and coordination of documents.
Prepare lease approval summaries (“LAS Form”) for internal signoffs.
Support brokers and maintain constructive relationships.

Accounting

Assist in monthly/quarterly reforecasts including expense recovery and actual-to-budget variance analysis.
Liaison between tenants and property managers to answer questions and resolve any issues including management and reconciliation of tenant accounts.
Coordinate with property managers and accounting to resolve invoicing issues.

Qualifications

Bachelor’s degree, preferably in Real Estate, Finance, Business Administration, Accounting or a related field.
3 to 5 years of relevant real estate experience.
Extensive knowledge of Excel.
Familiarity with property/lease management and financial modeling systems (e.g., Yardi, MRI, Argus) preferred.
Good interpersonal, oral and written communication skills.
Ability to read and interpret lease language.
Ability to work independently and meet deadlines.
Highly detail oriented.
Team player who possesses strong analytical and problem-solving abilities.

Working Conditions

Position does not require special working conditions. Employee works in an office setting utilizing a laptop provided by company. Moderate travel component (~25%).

Direct Reports

STAG has a strong commitment to equal opportunity in the workplace and believes in treating people with dignity and providing equal employment and advancement opportunities for all.

We are also committed to fair and competitive compensation. The salary range listed for this role is based on our market pay structures, and candidate qualifications such as skills, education, and experience. The higher end of the range reflects candidates who bring highest levels of relevant experience to the role.