The Asset Manager will oversee a portfolio of multi-tenant retail and industrial properties, with responsibility for financial performance, leasing activity, property operations, and long-term asset strategy.

This role requires someone who can evaluate property-level performance while working directly with brokers, tenants, property management teams, and other third-party partners to identify opportunities, address challenges, and improve overall asset value.

Candidates must have direct experience with retail, shopping center, or industrial assets, along with hands-on commercial lease negotiation experience. Candidates whose experience is primarily within multifamily asset management will not be considered.

KEY RESPONSIBILITIES

Asset Performance & Financial Oversight

• Evaluate property financials, rent rolls, lease information, budgets, and operating results
• Monitor asset performance, including NOI, occupancy, collections, expenses, and other key performance indicators
• Identify financial and operational issues and develop strategies to improve property performance
• Lead the annual budgeting process and monitor performance against approved budgets
• Review operating expenses, capital expenditures, taxes, insurance, and recoverable expenses
• Oversee CAM reconciliations and related tenant recovery processes
• Develop property and portfolio-level reporting for internal leadership and investment stakeholders

Leasing & Tenant Strategy

• Develop and execute leasing strategies designed to improve occupancy, tenant retention, and overall asset performance
• Negotiate commercial lease renewals and new lease transactions
• Evaluate prospective tenants, proposed deal terms, and lease structures
• Work closely with third-party brokers and leasing professionals to advance leasing activity
• Monitor upcoming lease expirations and address renewals and potential vacancies proactively
• Review and manage lease requirements, including co-tenancy provisions, exclusivity clauses, and other contractual obligations
• Build productive relationships with tenants and address issues that may impact retention or property performance

Property & Operational Management

• Provide oversight and direction to third-party property management teams and vendors
• Review property operations, maintenance needs, and service provider performance
• Evaluate and approve operating and capital expenditures within established guidelines
• Ensure property-level issues are addressed efficiently and appropriately
• Monitor compliance with applicable insurance, safety, and regulatory requirements
• Maintain high standards for property condition, appearance, and overall tenant experience

Portfolio Strategy & Value Creation

• Identify opportunities to increase income, control expenses, improve occupancy, and enhance asset value
• Develop and execute property-level business plans and value-creation initiatives
• Evaluate market conditions, competitive properties, leasing activity, and comparable transactions
• Assess opportunities for additional revenue sources and alternative uses of property assets
• Contribute to refinancing, recapitalization, and disposition initiatives as needed

Reporting & Communication

• Prepare regular asset performance updates and portfolio reporting
• Clearly communicate financial results, leasing activity, operational concerns, risks, and opportunities
• Provide accurate and timely information to support investment decisions and stakeholder reporting

QUALIFICATIONS

• Bachelor’s degree in Real Estate, Finance, Business, or a related discipline
• At least 3–5 years of relevant asset management experience involving retail, shopping center, or industrial properties
• Direct experience negotiating commercial lease renewals and new lease transactions
• Strong knowledge of commercial property operations and asset-level financial performance
• Understanding of commercial lease structures, including NNN leases
• Ability to analyze budgets, operating statements, NOI, cap rates, IRR, and other real estate investment metrics
• Experience working with commercial real estate property management, financial, or market data platforms
• Strong analytical, negotiation, organizational, and communication skills

PREFERRED EXPERIENCE

• Oversight of multi-tenant retail, shopping center, or industrial portfolios
• Additional experience in commercial leasing, acquisitions, or property management
• Knowledge of CAM reconciliations, expense recoveries, and commercial tenant billing