Senior Asset Management

JLL•San Francisco, CA

16h•$150,000 - $175,000•Remote

About The Position

JLL is seeking a Senior Asset Manager for a long-standing client’s ambulatory healthcare real estate portfolio. The role treats owned assets as investments and is accountable for their performance, providing recommendations to the client on acquisitions, dispositions, funding and leasing. The position involves making and defending investment recommendations using data shared by the account team and client, and translating the client’s investment direction into asset-level plans that can be delivered across the team. The Senior Asset Manager works with the client’s Chief Growth Officer/Treasurer and Real Estate System Administrator, as well as JLL transaction management, property management, energy and procurement, lease administration and Asset Management Services colleagues. The role reports directly to the Asset Management Services (Americas) team and indirectly to the Account Director. This position is remote and located in the West Coast region. Visa sponsorship is not provided; candidates must be authorized to work in the United States without sponsorship.

Requirements

Eight or more years of experience in asset management, portfolio management or investment management for institutional or corporate real estate.
Experience preparing and presenting regular business plans, investment proformas, hold/sell analyses and disposition strategies.
Experience evaluating acquisitions and directing leasing and transaction activity with brokers and transaction teams.
Experience working within a client governance framework, including formal reporting and delegated authority.
Fluency in asset-level financial modeling and valuation.
Strong command of leasing economics, capital planning and disposition analysis.
Comfort working from a shared data platform as the single source of truth.
Must be authorized to work in the United States without visa sponsorship.

Nice To Haves

Healthcare or medical office experience is strongly preferred.
A professional qualification such as MRICS or CFA, or equivalent, is preferred.

Responsibilities

Set the strategy for each owned asset, recommending whether to hold, lease up, reposition or sell.
Monitor net operating income, occupancy, rent roll and expense variance; explain performance drivers and planned actions.
Lead the annual business plan and operating and capital budgets for the owned portfolio.
Evaluate acquisition opportunities and provide recommendations supported by underwriting.
Develop disposition recommendations, including timing, expected pricing and use of proceeds.
Coordinate with transaction management on broker selection, marketing and execution.
Recommend capital allocation based on expected returns, risk reduction and tenant needs.
Review capital plans and project scope with property management, and track spending against approved budgets.
Set leasing strategy for vacant and expiring space, including target tenants, rate ranges and concessions.
Coordinate with lease administration on expiration and renewal strategy and monitor upcoming roll risk.
Review leasing and broker recommendations and ensure the team follows the plan.
Report portfolio risk, opportunities and budget status to the Chief Growth Officer/Treasurer, and prepare approval packages for strategy, budgets and significant capital decisions.
Partner with the client’s Real Estate System Administrator and the JLL Account team to maintain an accurate, complete and trusted system of record, and report from that system.
Work with property management to deliver against the approved plan, and with energy and procurement teams on operating cost and sourcing opportunities.
Keep the Asset Management Services (Americas) team and Account Director informed of client priorities, risks and escalations.