Director, Asset Management

Crown Advisors; Atlanta, Northern (GA, KY); Hybrid; USD 140,000 - 190,000; Full time

Job summary

Crown Advisors seeks a Director of Asset Management to lead a portfolio of 6–8 Class A office buildings in major Sunbelt markets. You will drive financial and operational performance, develop value-add strategies, and oversee leasing activity and relationships with market participants.

You will partner with Regional Head to underwrite acquisitions and developments, update budgets, and guide a property-level team after acquisition. 15% travel may be required.

Qualifications

• 7-10 years of commercial real estate experience.
• 5 years focused on asset management.
• Ability to develop and deepen key business relationships.
• Strong negotiation, verbal, and writing skills.
• Advanced knowledge of financial analysis (NPV, IRR, lease comparison, ROI, DCF modeling, payback, financial statement analysis, etc.)
• Proficient in ARGUS Enterprise and Excel.
• Physical requirements involve sitting to perform general office work at computer, and mobility between departments or office areas to facilitate work.
• Routine travel is required for the position up to 15% of the time.
• Experience in the Atlanta office markets preferred.
• Relevant experience in office lease negotiations, property operations, development or construction a plus

Responsibilities

• Negotiate property-level contracts, including leases, licenses and, where applicable, third-party management and exclusive leasing listing agreements.
• Proactively enhance property’s competitiveness; monitor local market conditions, anticipate trends and reposition property accordingly.
• Prepare Investment Committee recommendations on large lease transactions.
• Update Senior Management on leasing efforts, including both new leasing activity for vacant space as well as renewal activity on existing tenants.
• Review and approve property budgets, including both projected leasing and building capital plans.
• Work with Analyst to update ARGUS Enterprise models used for ongoing cash flow projections of portfolio.
• Identify ‘Value Add’ strategies for properties in the portfolio.
• Partner with Regional Head/Capital Markets to underwrite acquisition and development opportunities. Assist in the disposition process as well.
• Select and direct the transition of the property-level team (property manager, leasing agent, attorneys, and other third-party professionals) after acquisition.

Skills

Negotiation

Relationship building

Financial analysis

ARGUS Enterprise

Excel

Lease negotiations

Tools

ARGUS Enterprise

Excel

Job description

Our client is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer, and operator of Class A properties across major U.S. Sunbelt markets, they are known for their hospitality-driven approach and commitment to transforming buildings into premier offices that enhance each tenant’s workplace experience.

Position Description

This role will focus on driving the financial and operational performance for a portfolio of 6-8 Class A office buildings (1.5-2MSF). Primary responsibilities will include developing/executing value add strategies, negotiating leases and building relationships with key market participants. Additionally, the Director will partner with Regional Head to underwrite potential acquisitions and developments.

Responsibilities

• Negotiate property-level contracts, including leases, licenses and, where applicable, third-party management and exclusive leasing listing agreements.
• Proactively enhance property’s competitiveness; monitor local market conditions, anticipate trends and reposition property accordingly.
• Prepare Investment Committee recommendations on large lease transactions.
• Update Senior Management on leasing efforts, including both new leasing activity for vacant space as well as renewal activity on existing tenants.
• Review and approve property budgets, including both projected leasing and building capital plans.
• Work with Analyst to update ARGUS Enterprise models used for ongoing cash flow projections of portfolio.
• Identify ‘Value Add’ strategies for properties in the portfolio.
• Partner with Regional Head/Capital Markets to underwrite acquisition and development opportunities. Assist in the disposition process as well.
• Select and direct the transition of the property-level team (property manager, leasing agent, attorneys, and other third-party professionals) after acquisition.

Requirements

• 7-10 years of commercial real estate experience; 5 years focused on asset management
• Ability to develop and deepen key business relationships
• Strong negotiation, verbal, and writing skills
• Advanced knowledge of financial analysis (NPV, IRR, lease comparison, ROI, DCF modeling, payback, financial statement analysis, etc.)
• Proficient in ARGUS Enterprise and Excel
• Physical requirements involve sitting to perform general office work at computer, and mobility between departments or office areas to facilitate work.
• Routine travel is required for the position up to 15% of the time.
• Experience in the Atlanta office markets preferred.
• Relevant experience in office lease negotiations, property operations, development or construction a plus