Asset Management Associate – Industrial – Austin

Job title: Asset Management Associate – Industrial – Austin

Company: Macdonald & Company

Job description: Macdonald & Company is excited to have been retained by a thriving, entrepreneurial private equity firm in Austin, Texas, focused on investing in industrial real estate throughout Texas, to appoint an Asset Management Associate to join their team.Overview:The company is seeking an Asset Management Associate who will be an integral member of the team, helping to grow and manage a portfolio of industrial properties across Texas. The role’s responsibilities are wide-ranging and require a flexible individual with a strong balance of analytical and interpersonal skills.The company is looking for a highly driven, detail-oriented self-starter who is eager to take complete ownership of their area of the business while playing a key role on the team. The candidate should have a solid grasp of all aspects of real estate investment management while being open to growth and learning opportunities.Responsibilities:

• Support VP of Investments in the development and execution of asset-level business plans.
• Assist in the preparation of monthly reporting, valuations, and ongoing investment modeling.
• Review, monitor, and report monthly on the performance of a portfolio of industrial properties by analyzing financial results, leasing activity, and market data.
• Develop and maintain a deep understanding of the Texas industrial real estate markets in which we operate; demonstrate a passion for conducting thorough market research and analysis.
• Take complete ownership of assigned tasks and projects, driving initiatives from start to finish with minimal oversight while ensuring high-quality execution and timely delivery.
• Prepare variance analysis to underwriting and property budgets, including CapEx budgeting, to help guide acquisitions underwriting.
• Identify and understand the needs of current and prospective tenants, assisting in leasing negotiations to ensure terms are strategically aligned with the asset’s financial objectives.
• Leverage data to inform decision-making by building and maintaining comprehensive databases, analyzing trends, and providing actionable insights to optimize asset performance.
• Review and abstract property-level leases and interact with third-party leasing professionals on executing new leases and lease amendments.
• Conduct site visits to meet with third-party management/leasing teams and assess property condition.
• Work cross-functionally with all members of the team (accounting, acquisitions, admin, investor relations) to collect and distribute asset and portfolio-level information.
• Support the investor relations team by providing regular updates summarizing property activity and financials while also responding to other investor information requests as needed.

Experience and Qualifications:

• Minimum of 2 years of experience in Commercial Real Estate Asset Management (Industrial Real Estate experience is a major plus)
• Strong quantitative and analytical skills with proficiency in constructing and maintaining complex financial models (Argus/Rockport VAL experience is preferred)
• Must have advanced level MS Office Excel experience plus advanced knowledge of PowerPoint and Word
• Organized with exceptional attention to detail and a diligent work ethic. Capable of taking initiative and assisting on multiple ongoing projects and priorities simultaneously
• Self-motivated and thrives in an entrepreneurial work environment
• Excellent interpersonal and written communication skills
• Yardi Property Management Software experience is preferred, but not required
• Bachelor’s Degree in Finance, Real Estate, Accounting, Economics or other related field

BenefitsBonus

Expected salary: $95000 – 105000 per year

Location: Austin, TX

Job date: Sun, 20 Oct 2024 00:55:29 GMT

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