Vice President, Asset Management Commercial

HOLLADAY PROPERTY SERVICES MID WEST INC•Nashville, TN

2h•Onsite

About The Position

The Vice President of Asset Management – Commercial (Southeast) is responsible for maximizing the value, performance, and strategic direction of Holladay’s commercial portfolio in Nashville, Orlando, and Savannah. The portfolio includes medical office, office, flex, industrial, and retail/mixed-use assets. Based in Nashville, the role combines the financial and strategic leadership of asset management with the operating leadership of property management. The VP owns each asset’s business plan, leads the Regional and Senior Property Managers who execute it, and supports leasing strategies through market analysis, deal economics, and transaction management. The role builds relationships with tenants, health-system partners, JV/equity partners, brokers, and lenders. The position works closely with senior executives and internal and external partners. It leads asset strategies, financial performance, leasing and tenant relationships, capital planning, property management oversight, reporting, and process improvement. The VP directly supervises Regional and Senior Property Managers and, through them, property management teams for assigned Southeast assets. Regular travel to Orlando and Savannah properties is expected, approximately 20–40%. Compensation is based on experience and qualifications and may vary with local, state, and regional market conditions.

Requirements

Bachelor’s degree in business, finance, real estate, or another related field.
At least 10 years of progressive commercial real estate experience in asset management, leasing, and/or property management leadership, including leading property management teams.
Working knowledge of commercial lease structures, including gross, modified gross, and NNN leases; lease abstraction; and CAM reconciliations.
Strong command of commercial real estate finance, valuation, debt, and financial modeling.
Ability to manage multiple assignments, meet tight deadlines, coordinate and communicate effectively, and build relationships.
Strong negotiation skills and excellent oral, written, and presentation skills.
Excellent analytical skills in financial modeling and Excel.
Ability to synthesize financial and leasing analysis into a written summary.
Strong interpersonal relationship abilities.

Nice To Haves

Master’s degree.
CPM, CCIM, RPA, or similar designation.
Proficiency in Argus Enterprise.
Experience with Yardi or similar property management software.
Medical office experience, including work with health-system tenants.
Experience in office, flex, industrial, and retail real estate.
Knowledge of Southeast markets, particularly Nashville, Orlando, and Savannah.

Responsibilities

Lead asset management for assigned Southeast commercial assets, including annual business plans, value-creation and repositioning strategies, risk mitigation, and hold/sell recommendations to maximize NOI and long-term asset value.
Support office leasing strategies by providing market, rent, and deal-economics analysis and helping establish marketing plans, target rents, tenant improvement budgets, and leasing commission budgets with leasing brokers.
Manage lease transaction execution with brokers and Legal, including reviewing and negotiating letters of intent, new leases, renewals, expansions, and amendments in accordance with Holladay’s lease approval process.
Analyze transaction economics, including net effective rent, free rent, tenant improvement and leasing commission costs, and tenant credit.
Monitor rent rolls, lease expirations, and critical dates, and proactively address tenant rollover.
Maintain tenant relationships, including with health-system and physician tenants; monitor tenant financial health and collections and identify retention and expansion opportunities.
For medical office assets, work with Legal on health-system ground leases, rights of first refusal, use restrictions, and fair-market-value requirements for physician leases under Stark/Anti-Kickback rules.
Oversee operating expense (CAM) reconciliations and recoveries to ensure accuracy, timeliness, and compliance with lease terms.
Identify, monitor, rate, and mitigate property risks, including tenant concentration and credit, lease rollover, physical condition, and market conditions.
Lead monthly calls with partners and property management to review financial performance, leasing activity, operations, and capital and tenant improvement project progress.
Review, analyze, and report monthly property financial statements and rent rolls, comparing actual performance with underwriting and budget assumptions.
Monitor and review capital expenditures, building improvements, and tenant improvement projects to ensure spending remains within approved budgets and scope.
Lead annual business plans, operating, leasing, and capital budgets, and reforecasts, and recommend them for approval.
Track debt covenants, debt service coverage tests, and lender reporting requirements; lead hold/sell, disposition, refinance, and recapitalization analyses with Capital Markets, including Argus cash flow models.
Travel to properties for site inspections, tenant visits, and market surveys, including lease comparables, vacancy, and new supply.
Lead, coach, and hold accountable Regional and Senior Property Managers; ensure operations follow Holladay Operating Policies and approved business plans.
Oversee operating excellence, including tenant satisfaction, preventative maintenance, life safety, building systems, and capital planning, in partnership with Facilities and Construction; approve major vendor and service contracts.
Partner with Development on new Southeast projects and acquisitions, including due diligence, lease-up, and operational handoff.
Process property-level information and coordinate updates to internal management systems and external reports, such as quarterly investor reports.
Respond promptly and accurately to stakeholder questions and information requests and provide clear communication.
Represent the team in systems development and process improvement efforts to improve efficiency and issue identification.
Foster effective working relationships with internal team members, tenants, brokers, and external partners.
Perform other responsibilities as assigned.