Careers

Responsibilities

• Negotiate and document new leases and renewals directly with tenants or via third-party leasing agents.
• Prepare reports and host weekly leasing and property management calls.
• Manage tenant requests for assignments, subleases, name changes, terminations and other tenant related issues.
• Prepare net effective rent analyses (NERs) for proposed leases and renewals.
• Develop and implement the asset management strategy for the portfolio with input and oversight from senior management.
• Prepare market leasing assumptions (MLAs) for annual budgets.
• Communicate effectively with tenants, lenders and partners including reserve draw requests, compliance with insurance requirements, tax escrows, leasing, capital projects and other approvals.
• Establish and foster strong broker and tenant relationships to promote occupancy and portfolio retention rate.
• Meet with brokers and prospective and/or existing tenants for leasing, renewal, and expansion opportunities.
• Regularly visit the properties in each market to keep constant contact with tenants, brokers, and vendors.
• Work with property management to expedite the space planning and tenant improvement process to maximize leasing velocity.
• Liaise with tenant contacts and manage the property management process to communicate property information and tenant space needs to appropriate parties.
• Prepare, present, and execute comprehensive leasing plans for each asset with the goal of maximizing rents and creating value.
• Forecast competitive space availability for each property and develop marketing/pricing recommendations to maximize the asset value of each property.
• Collect and organize market information including lease and sale comparables to gain a competitive advantage in the leasing and sales market.
• Make recommendations and assist in the coordination of property improvements designed to supplement the leasing process.
• Work with the Senior Vice President on leasing, underwriting and due diligence for new acquisitions and developments.
• Work with the dispositions team on due diligence and execution of sales and recapitalizations.
• Regularly review the portfolio for opportunities to upgrade tenancy, increase rent and term and improve lease language/provisions to add long-term value to the assets.
• Continuously evaluate operating cost by monitoring each property’s performance and results against approved budgets, recommending and/or approving necessary adjustments to achieve the scheduled cash flow or asset value objectives.
• Review monthly operating reports for each property including asset summary reports, financial statements, and variable explanations, leasing activity reports, rent roll, accounts receivable, fee schedules, and capital expenditure schedule. Implementation and use of lease administration software.
• Create, maintain and update monthly reports for capital and JV partners.
• Create annual budgets in coordination with the property management and accounting teams.
• Work with accounting and other team members to prepare monthly, quarterly and annual reporting materials and budgets for lenders, investors, senior management and partners.

Qualifications

• Bachelor’s Degree from a four-year college or university.
• 3-5 years institutional asset management or leasing experience preferred.
• Must have work experience in industrial/commercial real estate.
• Must be able to consistently maintain a professional demeanor.
• Ability to provide superior internal and external customer service; strong diplomacy and crisis diffusion skills.
• Must be able to multi-task; prioritize and work with minimal supervision, have strong attention to detail and excellent time management skills to ensure all established deadlines are met.
• Demonstrated ability in verbal and written communication skills.
• Skilled in the use of the internet, spreadsheets, relational databases, and word processing software. Ability to process computer data and to format and generate reports. Ability to create, compose, and edit written materials.
• Proficient working knowledge of Microsoft Office suite (e.g., Word, Excel, PowerPoint, Outlook)
• Good mathematical and analytical skills.
• Requires a valid driver’s license and the ability to travel to multiple properties.
• As business dictates, able to work extended/flexible hours (e.g., nights/weekends/on-call).
• MRI, Argus and property management software experience a plus.
• Membership/activity in one or more professional real estate-based organizations preferred.

*The above salary range reflects the anticipated salary for the amount and level of experience expected for this role. Ultimately, in determining your pay, we will also consider your amount and level of relevant experience, and other job-related factors, that may differ from the expected salary range.

If you’re ready to take your career to the next level with a great company, please send your resume to careers@brennanllc.com.

Responsibilities

• Servicing – Communicate effectively with tenants, lenders and partners including coordination of rent and lease notices, reserve draw requests, compliance with insurance requirements, tax escrows, leasing, capital projects and other approvals.
• Rent Billing and Collections – Assist with monthly rent billing and collections from tenants
• Operating Expenses – Assist with monthly payment of real estate taxes, insurance and other operating expenses
• Capital Expenditures – Ensure that tenants address any Deferred Maintenance / Immediate Repair items on a timely basis in accordance with Lease and Loan requirements
• Tenant Credit Analysis – gather, chart in Excel and help analyze quarterly and annual tenant financial statements
• Supporting the assigned regional Market Officer(s) by evaluating investment opportunities, conducting market research, and preparing financial models.
• Assist in the underwriting of new acquisitions and dispositions including ARGUS and Excel modeling
• Assist in the creation of Investment Memorandums for new acquisitions:

— Work with deal team on the creation of new Investment Memorandums

— Gather market intel and comp support for new acquisitions

— Assist in tenant credit analysis

• Organize acquisition, disposition and war room folders
• Update pipeline for new acquisitions and dispositions:

— Reach out to Market Officer(s) for new pipeline information

— Update and distribute Excel spreadsheet for bi-weekly pipeline call

• Review property financials and other property related documents to verify the accuracy of the information being reported by the seller or broker package

— Review operating statements to confirm correct expense information is inputted into ARGUS models

— Review leases to confirm correct terms are inputted into ARGUS models

— Research property taxes and compare to underwriting

• Assist with the closing process for both acquisitions and sales
• Assist with leasing negotiations and analysis as well as market research and analysis
• Interact with brokers at events, property tours, and market tours
• Prepare and update financial models in Excel and/or Argus for existing assets and portfolios including (1) analysis of leasing, financing, budgeting, joint venture/lender and hold/sell decisions and (2) internal rate of returns, sensitivity analyses, property valuations, cash-on-cash returns and various other return metrics.
• Assist in preparation and review of asset and portfolio-level annual budgets and portfolio-level annual strategic business plans for internal and external partners/lenders.
• Prepare preliminary internal asset valuations for Senior Management for recurring quarterly asset management meetings.
• Analyze lease transactions, perform tenant credit review as needed, and assist in the preparation of lease agreements including coordinating with the Leasing and Property Management teams.
• Assist in the preparation and review of monthly/quarterly reports including rent rolls, returns, operating statements, JV/lender matters, distribution estimates, and capital expenditures.

Qualifications

• The ideal candidate will have a minimum of 1-3 years’ Investment Analyst or Asset Management experience, including the qualifications noted below
• Strong academic performance concentrating in finance, real estate, or economics:

— Bachelor’s degree required; BS degree with concentration in finance and/or real estate highly preferred

— Master’s degree in real estate, business administration, or related field preferred.

• Previous experience with a commercial real estate/private equity firm preferred.
• Experience within the industrial real estate sector highly preferred
• Exceptional quantitative and analytical skills.
• Experience in real estate financial modeling; fluency and hands-on experience in Argus Enterprise and advanced Excel modeling skills required.
• Solid grasp of real estate investment concepts including cap rates and NOI.
• Highly motivated, with ability to work both independently and as part of a team in a fast-paced environment.
• Excellent time management skills, with the ability to manage multiple projects, superiors, and deadlines.
• Team-minded attitude, with strong motivation and desire to contribute to the success of the entire organization.

*The above salary range reflects the anticipated salary for the amount and level of experience expected for this role. Ultimately, in determining your pay, we will also consider your amount and level of relevant experience, and other job-related factors, that may differ from the expected salary range.

If you’re ready to take your career to the next level with a great company, please send your resume to careers@brennanllc.com.