Asset Manager

EastGroup Properties has an opportunity for an experienced Asset Manager to support the operational management of a portfolio of industrial properties in EastGroup’s Eastern Region. This role will work closely with senior leadership, property managers, and leasing teams to help optimize asset performance and contribute to investment growth strategies.

Summary of Job Duties

• Source land acquisitions for industrial development and assist in the entire development process including development leasing.
• Source building acquisitions.
• Underwrite transactions and development proformas.
• Negotiate Purchase and Sale Agreements.
• Maintain and cultivate EastGroup branding with ongoing broker relationships.
• Maximize total return for each asset through the analysis of property efficiencies and identifying opportunities for improved performance.
• Work closely with leasing agents, brokers, and outside counsel to negotiate LOIs, leases and lease renewal transactions.
• Manage and coach each market’s property management team to achieve or exceed Company operational objectives including customer satisfaction and asset profitability.
• Preparation of budgets, leasing plans, and capital expenditures programs for review by Senior Management.
• Prepare necessary monthly, quarterly, and annual reporting for Senior Management.
• Reviews, analyzes, and interprets market data to identify trends that may impact the performance of the portfolio, and works with Senior Management to develop and implement market plans that drive occupancy and revenue growth.
• Perform valuations of each asset on a quarterly basis, working with Senior Managing Director, to develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition.
• Manage capital improvement strategies and processes, including oversight of the construction management activities.
• Manage the due diligence and activities related to the acquisition and disposition of any properties.

Education & Experience

• Bachelor’s degree in business, real estate, economics, or related field; advanced degree a plus.
• 5+ years’ experience in commercial asset management, leasing or development.

Knowledge, Skills & Abilities

• Must have exposure to development, site acquisitions and existing building acquisitions.
• Solid understanding of financial terms and principles, with ability to conduct complex financial analysis.
• Existing broker relationships are highly beneficial.
• Excellent communication (both written and verbal) skills are required.
• Demonstrates sound judgment, ability to analyze and solve problems involving multiple factors in various situations. 
• Strong interpersonal and customer service skills with the ability to maintain effective tenant relationships.
• Strong organizational skills with attention to detail.
• Proficient with all Microsoft applications and experience with property management software, preferably Yardi.