Director, Asset Management

Lincoln Property Company; Chicago (IL); On-site; USD 120,000 - 180,000; Full time

Job summary

Lincoln Property Company is seeking a Director to oversee strategic and operational functions for a diverse portfolio of commercial properties. The ideal candidate will have extensive experience in real estate management, with proven success in operations, leasing, and budgeting. This role requires strong leadership and financial acumen to meet dynamic market demands while maintaining high-quality relationships with partners and stakeholders.

Qualifications

• 7-10 years in commercial real estate management required.
• Experience in leading diverse portfolios and financial reporting.
• Ability to manage and mentor junior staff.

Responsibilities

• Create strategic plans for asset management and budgeting.
• Monitor performance and manage cash flow for properties.
• Lead leasing efforts and partner relationships.

Skills

Leadership

Operations

Negotiation

Financial Analysis

Communication

Education

Bachelor's Degree

Tools

Excel

ARGUS

Job description

Lincoln Property Company does not accept unsolicited resumes from third-party recruiters unless they were contractually engaged by Lincoln Property Company to provide candidates for a specified opening. Any such employment agency, person or entity that submits an unsolicited resume does so with the acknowledgement and agreement that Lincoln Property Company will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. At this time, we are not working with any agencies.

Based in Chicago and reporting to the separate account portfolio managers, the Director will have responsibility over all strategic, transactional, and operations issues for a to-be-determined portfolio of primarily office and industrial assets located across the United States.

Responsibilities:

• Create strategic plans for each asset depending on the property’s individual requirements including valuations, cash flow projections, review and approval of annual operating and capital budgets


• Set, evolve, and execute redevelopment, leasing, and sale plans and direct all aspects of relationships with regional partners and providers of third party services including property management


• Aggressively and proactively predict and respond to dynamic market conditions


• Oversee the budget process for all assets under their management


• Work closely with leasing staff, regional partners, and third-party contractors to structure, negotiate, review and execute leases within portfolio of assets


• Monitor the overall performance of assigned properties against plan and budget


• Plan for and anticipate the cash flow needs for the assets as well as the underlying investors, monitor cash in/out of property accounts, and oversee all draw disbursements


• Provide high quality lender and investor reporting


• Support the execution of acquisitions, financings, and refinancings as required


• Continuously keep senior management, clients, and investors aware and up to date on evolving strategies and results


• Provide strategic, investment, and analytical direction and oversight to regional partners, third party service providers, and internal company personnel in creating and executing asset and portfolio plans

Desired Competency, Experience and Skills:

Qualified professionals will have a minimum of seven to ten years of demonstrable success in the management of a portfolio of complex, diverse commercial real estate, including office, industrial, multifamily, and medical office. Additional experience in asset/portfolio reporting is strongly desired.

• Proven track record of success and leadership, with past accomplishments clearly demonstrating a creative hands-on approach to, and understanding of, operations, leasing, development, capital markets, financing, marketing, investment, and ownership issues in managing challenging, “value-add” real estate properties


• Ability to positively impact such factors in continually meeting and exceeding ambitious investment/return performance objectives


• Proven experience successfully creating value at all phases of a property’s life cycle, from acquisition through disposition is essential


• Aptitude in reviewing and understanding sophisticated financial statements, leases and loan documents


• Ability to effectively manage less experienced analyst and associate staff to optimize work production while providing a mentoring relationship


• Managing and holding accountable regional partner relationships at both the development and operating levels is key


• Be conversant with industry trends and competitor firms


• A collaborative team player exceling in a professional environment characterized by empowered decision-making authority and a flat organizational structure


• Strong computer skills including Excel, Word, and ARGUS


• Good interpersonal instincts with the ability to constructively reconcile differences in a positive manner


• Excellent oral and written communication skills


• Unquestionable integrity and a strong work ethic


• A bachelor’s degree is required

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.

All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.

By submitting your information or resume in response to this opportunity, you acknowledge that your personal information will be handled in accordance with the companies privacy policy.