Executive Director, Real Estate - Asset Manager, Industrials

Morgan Stanley • New York, NY

19d • $200,000 - $300,000

About The Position

Morgan Stanley Real Estate Investing (MSREI), Morgan Stanley’s global private real estate investment management business, is seeking an Executive Director of Asset Management to oversee a significant portion of its industrial portfolio across multiple fund strategies. The role is responsible for a strategically important, multi-market industrial portfolio with approximately $3 billion in gross asset value, roughly 70 assets totaling more than 14.5 million square feet, and approximately 130 tenancies across six major U.S. markets.

The Executive Director will optimize portfolio performance through direct tenant relationships, leasing and retention efforts, active management of brokers, and accountability for property-management operations. This is a hands-on asset-management role involving complex portfolio challenges, capital improvements and repairs, and tenant relationship management. The position calls for a highly organized, execution-oriented leader focused on leasing performance, accountability across internal and external stakeholders, and value creation.

Requirements

• Bachelor of Arts or Bachelor of Science degree required.
• 10+ years of commercial real estate experience with significant industrial asset management responsibility.
• Proven experience leading leasing strategy for large industrial portfolios.
• Strong understanding of industrial market dynamics across multiple U.S. regions.
• Experience managing third-party property managers and leasing brokers.
• Excellent financial analysis, valuation, and investment decision-making skills.
• Ability to prioritize competing initiatives across numerous assets simultaneously.
• Strong communication and organizational leadership capabilities.

Responsibilities

• Develop and execute asset-level business plans focused on maximizing value and operating performance.
• Drive portfolio performance through leasing execution, tenant retention, capital planning, and revenue optimization.
• Monitor asset performance against underwriting and investment objectives.
• Lead leasing strategy across approximately 3.5 million square feet of near-term roll.
• Coordinate with leasing brokers on market strategy, pricing, marketing, and transaction execution.
• Negotiate lease agreements with tenants.
• Manage property managers, leasing professionals, construction managers, and third-party service providers to ensure execution of business plans.
• Coordinate capital projects and repositioning initiatives where appropriate.
• Prepare and present investment recommendations and leasing approvals.
• Lead quarterly asset reviews and annual business planning.
• Monitor market fundamentals, competitive positioning, tenant demand, and valuation trends.
• Identify opportunities to enhance portfolio value through leasing, redevelopment, or disposition.
• Build and manage tenant relationships and hold property management accountable for quality of operations.

Benefits

• Comprehensive employee benefits and perks, described as among the most attractive in the industry.
• Compensation may include commission earnings, incentive compensation, discretionary bonuses, other short- and long-term incentive packages, and Morgan Stanley-sponsored benefit programs.

What This Job Offers

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