Asset Management Associate

STAG Industrial Inc • Boston, MA

1d • $115,000 - $125,000 • Onsite

About The Position

The Asset Management Associate’s (“AMA”) primary role is to assist in leasing, management, and reporting for a portfolio of industrial assets (~100 buildings/15M sf/$1B+). The position is aligned with a VP (or SVP) Asset Manager who has direct responsibility for operation and performance of the assets. The AMA works closely with internal team members (Lease Administration, Accounting, Acquisitions, Legal, etc.) and external third parties (leasing brokers, property managers, JV Partners, vendors, etc.).

Requirements

• Bachelor’s degree, preferably in Real Estate, Finance, Business Administration, Accounting or a related field.
• 3 to 5 years of relevant real estate experience.
• Extensive knowledge of Excel.
• Good interpersonal, oral and written communication skills.
• Ability to read and interpret lease language.
• Ability to work independently and meet deadlines.
• Highly detail oriented.
• Team player who possesses strong analytical and problem-solving abilities.

Nice To Haves

• Familiarity with property/lease management and financial modeling systems (e.g., Yardi, MRI, Argus) preferred.

Responsibilities

• Support underwriting and onboarding of new investments (buildings and developments).
• Assist in the sale of existing assets (valuation models, broker selection, buyer interviews, due diligence coordination, and closing process).
• Analyze, forecast, and report on portfolio metrics (occupancy, lease rollover, NOI, CapEx, and market trends).
• Onboard and train third-party property managers (“PMs”) on STAG processes and internal systems.
• Serve as the primary point of contact for property managers in the field.
• Conduct monthly property management calls, review building inspection reports, and act as initial ownership representative on daily action items.
• Coordinate repairs and maintenance and capital improvement projects with PMs and STAG’s construction team in accordance with the budget.
• Oversee AR outreach to tenants, credit applications, payment inquiries and invoicing issues.
• Review and approve annual budgets including operating expenses, CAM recovery pools, lease assumptions, and capital expenses.
• Interface with the legal department on sublease and assignment agreements, demand and default letters, and other tenant related documentation.
• Draft broker listing agreements, coordinate execution, and approve marketing materials.
• Ensure vacant spaces are in market ready condition and marketing materials are on site.
• Assist in negotiating leases, preparing term sheets, modeling deal economics, and coordination of documents.
• Prepare lease approval summaries (“LAS Form”) for internal signoffs.
• Support brokers and maintain constructive relationships.
• Assist in monthly/quarterly reforecasts including expense recovery and actual-to-budget variance analysis.
• Act as a liaison between tenants and property managers to answer questions and resolve any issues including management and reconciliation of tenant accounts.
• Coordinate with property managers and accounting to resolve invoicing issues.

Benefits

• Competitive base salary, commensurate with experience
• Discretionary bonus tied to individual and company performance
• Comprehensive benefits package, including:
• Paid holidays and generous PTO
• 401(k) plan with employer match
• Health, dental, and vision insurance
• Basic life and AD&D coverage
• Voluntary supplemental life insurance
• Short- and long-term disability
• Flexible Spending Accounts (FSAs) for healthcare and dependent care

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level