Real Estate Asset Manager, Industrial

The Church of Jesus Christ of Latter-day Saints; Salt Lake City (UT); On-site; USD 120,000 - 180,000; Full time

Job summary

Property Reserve, the real estate investment arm of The Church of Jesus Christ of Latter-day Saints, seeks a Real Estate Asset Manager to oversee an industrial portfolio in Salt Lake City. You will develop and execute business plans, manage budgets, leasing strategies, capital initiatives, and asset performance while collaborating with property managers, brokers, and senior leadership.

Ideal candidates bring 8+ years in CRE asset management, strong financial modeling, and experience with

Qualifications

• Member of The Church with temple recommend required.
• Bachelor's degree in a related field; advanced degree preferred.
• 8+ years of CRE asset management, investments, or finance experience.
• Industrial real estate asset management, leasing, and capital planning experience.
• Strong CRE knowledge with advanced financial analysis and modeling.
• Analytical, problem-solving, and relationship-management skills.

Responsibilities

• Manage an industrial real estate portfolio and annual business plans.
• Lead budgeting, cash flow modeling, forecasting, and NOI analysis.
• Develop leasing strategies, negotiations, and renewals.
• Identify value creation and asset risk mitigation opportunities.
• Oversee property managers, brokers, and third-party providers.
• Oversee capital projects with ROI, scope, and schedule considerations.
• Perform due diligence in acquisitions and dispositions.
• Maintain market knowledge and asset strategy alignment.
• Build relationships with tenants, municipalities, and internal stakeholders.
• Ensure compliance with investment criteria and governance standards.

Skills

Temple recommend

Financial analysis

Real estate asset management

Leasing strategy

Negotiation

Relationship management

Excel modeling

Education

Bachelor's degree in finance, accounting, economics, real estate, business

MBA or MRED (preferred)

Tools

Argus Enterprise

Yardi

Job description

Job Description

Property Reserve is hiring for a Real Estate Asset Manager on our Industrial portfolio. At Property Reserve, our people, values, and work come together to build something greater. Property Reserve is the real estate investment arm of the reserve funds for The Church of Jesus Christ of Latter-day Saints. In the spirit of time-tested self-reliance principles, Property Reserve creates sustainable cashflow for future needs. As caretakers of sacred funds, we invest in income-generating properties and land to support the Church’s mission. Our focus is on the acquisition, build-to-hold development, and portfolio level management of office, industrial, multi-family, build-to-rent, hospitality, and retail properties. Property Reserve provides a diverse range of investment experiences, interacting with a seasoned leadership team. Working in a highly collaborative environment, each Property Reserve team member has the chance to contribute meaningfully and frequently to the company culture. Headquartered in downtown Salt Lake City, we offer a locale with a unique blend of world-class outdoor recreation, a thriving culture & arts scene, and diverse housing options with convenient commutes.

Responsibilities

JOB FUNCTION: The Asset Manager independently manages a portfolio of industrial real estate assets and is accountable for developing and executing strategies that optimize financial performance, mitigate risk, and maximize long-term investment value. This position oversees asset business plans, financial performance, leasing strategy, property operations, capital initiatives, and third-party partners while identifying opportunities to enhance asset performance and returns. The Asset Manager serves as a subject‑matter expert for assigned industrial assets and markets, builds strong relationships with property managers, brokers, leasing agents, tenants, municipalities, and other key stakeholders, and provides strategic recommendations to senior leadership.

Primary Duties & Responsibilities

• Manage an assigned portfolio of industrial real estate assets and develop and execute annual business plans, operating and capital budgets, and strategies to improve cash flow, asset utilization, long‑term value, and investment returns.


• Analyze financial and operating performance through cash flow modeling, valuation, forecasting, market research, NOI and budget variance analysis, and other quantitative and qualitative methods; identify performance issues and recommend or implement corrective actions.


• Develop and execute leasing and tenant strategies, including lease and renewal negotiations, lease economics, tenant retention, rollover exposure, vacancy mitigation, and other initiatives to optimize occupancy and asset performance.


• Identify and execute value‑creation opportunities, including capital investments, operational improvements, repositioning strategies, while proactively identifying and managing asset‑level risks.


• Select, direct, and evaluate property managers, leasing agents, brokers, consultants, and other third‑party service providers, establishing performance expectations and ensuring alignment with asset strategies and investment objectives.


• Evaluate, prioritize, and oversee capital improvement projects, including scope, budget, schedule, investment return, asset condition, leasing impact, and expected contribution to long‑term asset performance.


• Conduct property inspections and proactively address property management, tenant, leasing, vendor, capital, and operational issues that could affect asset performance or value.


• Participate in acquisitions, dispositions, and asset transitions through underwriting, due diligence, financial and operational analysis, evaluation of property management requirements, and transition planning.


• Maintain current knowledge of industrial market conditions, including supply and demand, vacancy, absorption, rental rates, development activity, tenant trends, and competitive properties, and incorporate market intelligence into asset strategies and investment decisions.


• Develop and maintain strong relationships with tenants, brokers, property managers, consultants, municipalities, operating partners, and internal stakeholders to advance asset objectives and resolve complex issues.


• Ensure assets are managed in accordance with contractual requirements, approved investment strategies, organizational policies, procedures, and governance standards while maintaining accurate and timely asset‑level documentation.

Qualifications

Required Skills and Experience

• Member of The Church of Jesus Christ of Latter-day Saints with a current temple recommend.


• Bachelor’s degree in finance, accounting, economics, real estate, business, or a related field. MBA, MRED, or other relevant advanced degree preferred.


• 8+ years of relevant experience in commercial real estate asset management, investments, acquisitions, finance, or a related field.


• Experience with industrial real estate asset management, leasing, property operations, and capital planning.


• Strong commercial real estate knowledge and advanced financial analysis and modeling skills, including Excel, cash flow modeling, valuation, budgeting, forecasting, and investment return analysis.


• Excellent analytical, problem‑solving, organizational, negotiation, communication, and relationship‑management skills with the ability to independently manage multiple assets and priorities.

Preferred Qualifications

• Experience with Argus Enterprise, Yardi, or similar real estate valuation, asset management, or financial reporting systems.


• Experience with commercial real estate acquisitions, dispositions, due diligence, lease negotiations, and asset transitions.

(PR/IP)

About Us

Church employees find joy and satisfaction in using their unique talents and abilities to further the Lord’s work. From the IT professional who develops an app that sends the gospel message worldwide, to the facilities manager who maintains our buildings— giving Church members places to worship, teach, learn, and receive sacred ordinances—our employees seek innovative ways to share the gospel of Jesus Christ with the world. They are literally working in His kingdom. Only members of the Church who are worthy of a temple recommend qualify for employment. Apart from this, the Church is an equal opportunity employer and does not discriminate in its employment decisions on any basis that would violate U.S. or local law. Qualified applicants will be considered for employment without regard to race, national origin, color, gender, pregnancy, marital status, age, disability, genetic information, veteran status, or other legally protected categories that apply to the Church. The Church will make reasonable accommodations for qualified individuals with known disabilities.