Executive Director, Real Estate - Asset Manager, Industrials
About The Position
Morgan Stanley Real Estate Investing (MSREI) is seeking a highly experienced industrial real estate asset manager to be based in New York. This role will oversee a significant portion of MSREI’s industrial portfolio across its various fund strategies, managing approximately $3 billion in Gross Asset Value (GAV), comprising roughly 70 assets totaling over 14.5 million square feet and approximately 130 tenancies across six major U.S. markets. This position is one of the business’s largest dedicated industrial asset management roles. The successful candidate will be expected to optimize portfolio performance by leveraging direct tenant relationships to drive leasing and retention, actively managing brokers to deliver leasing goals, and holding property management accountable for quality of operations.
Requirements
- Bachelor of Arts or Bachelor of Science 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.
Nice To Haves
- Highly organized, execution-oriented asset manager with substantial hands-on experience managing industrial assets.
- Experienced working through complex challenges across a portfolio of this scale.
- Experience overseeing capital improvement projects and repairs.
- Experience building and managing tenant relationships.
- Ability to drive accountability across internal and external stakeholders.
- Relentless focus on leasing performance and value creation.
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 closely with leasing brokers to establish 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.
Benefits
- Comprehensive employee benefits and perks in the industry.
- Opportunity to work alongside the best and the brightest.
- Environment where you are supported and empowered.
- Ample opportunity to move about the business for those who show passion and grit in their work.
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What This Job Offers
Job Type
Full-time
Career Level
Executive
