Director Asset Management

Piedmont Office Realty Trust, Inc.-posted about 1 month ago

Full-time • Director

Dallas, TX

101-250 employees

Real Estate

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Piedmont Realty Trust (NYSE: PDM) is a fully integrated, self-managed real estate investment company focused on delivering an exceptional office environment. As an owner, manager, developer, and operator of approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets, Piedmont Realty Trust is known for its hospitality-driven approach and commitment to transforming buildings into premier "Piedmont PLACEs" that enhance each client's workplace experience. This role will focus on driving the financial and operational performance for a portfolio of 6-8 Class A office buildings totaling over 2M SF. Primary responsibilities will include developing/executing value add strategies, negotiating leases and building relationships with key market participants. Additionally, the Director will partner with Regional Head to underwrite potential acquisitions and developments.

Negotiate property-level contracts, including leases, licenses and, where applicable, third-party management and exclusive leasing listing agreements.
Proactively enhance property's competitiveness; monitor local market conditions, anticipate trends, understand the building's current and anticipated future occupancy and make recommendations on repositioning the property accordingly when needed.
Prepare Investment Committee recommendations on large lease transactions.
Update Senior Management on leasing efforts, including both new leasing activity for vacant space as well as renewal activity on existing tenants.
Review and approve property budgets, including both projected leasing and building capital plans.
Work with Analyst to update ARGUS Enterprise models used for ongoing cash flow projections of portfolio.
Identify 'Value Add' strategies for properties in the portfolio.
Partner with Regional Head/Capital Markets to underwrite acquisition and development opportunities. Assist in the disposition process for any future property sales.
Select and direct the transition of the property-level team (property manager, leasing agent, attorneys, and other third-party professionals) after acquisition.

Bachelor's degree required (finance, accounting or real estate focus preferred).
7-10 years of commercial real estate experience; 5 years focused on asset management.
Effective interpersonal skills, with a proven ability to develop and foster relationships with internal and external key business partners.
Strong negotiation, verbal, and writing skills.
Advanced knowledge of financial analysis (NPV, IRR, lease comparison, ROI, DCF modeling, payback, financial statement analysis, etc.)
Proficient in ARGUS Enterprise, Yardi, and Excel.
Physical requirements involve sitting to perform general office work at computer, and mobility. between departments or office areas to facilitate work.
Routine travel is required for the position up to 20% of the time.

Relevant experience in office lease negotiations, property operations, development or construction a plus.

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