Director, Logistics Asset Management- CBRE Investment Management

Company: CBRE
Location: New York
Posted on: April 6, 2025

Job Description:

Director, Logistics Asset Management- CBRE Investment Management

Job ID

213534

Posted

04-Apr-2025

Service line

REI Segment

Role type

Full-time

Areas of Interest

Investment Management

Location(s)

New York City - New York - United States of America

About the Role:

CBRE Investment Management Logistics is seeking a Director to join our North region logistics asset management team based in New York City. As an Asset Management Director, you will act as the North Regional Asset Manager and lead a team of 4 individuals ranging from Analyst to Associate. This player- coach will not only manage their team, but also own several markets, as a "Market Officer", with properties across various risk profiles, including Core, Core-Plus, Value-Add, and Development. This position reports to the Head of Asset Management for the Logistics vertical.

The North region currently has 50 operating properties totaling 24.6 million square feet an additional 1.9 million square feet under construction and a land bank totaling 2.2 million square feet. This Director, along with the Region's deployment head, will develop the overall strategy for the North Region. This role is integral to the continued operations of CBRE IM's North region by maximizing asset value through optimizing occupancy, maximizing revenue, reducing expenses, managing capital and other value-add initiatives.

What You'll Do:

• Team Leadership: Lead, mentor and grow the north asset management team of 4 individuals ranging from analyst to associate.
• Budgets, Business Plans and Reporting: Directly responsible for North Region's leasing, NOI, AR and other performance. Create annual budgets and business plans for the properties in accordance with different portfolio strategies (three CBRE IM funds and various separate accounts). In conjunction with property management, accounting and analysts, responsible for financial reporting, reforecasts, and variance analysis on ad hoc, monthly, quarterly and annual basis. Review of annual operating expense reconciliations.
• Leasing: Lead marketing and leasing strategies by ensuring vacancies are "move-in" ready condition and working with third party brokerage partners by responding to LOIs and negotiating new leases and renewals. Work with joint-venture partners on the leasing of new developments.
• Tenant/Customer Relationships: Manage key tenant/customer relationship with the goal of deepening these relationships.
• Partnership with Deployment: Partner with the Regional Deployment Director on the growth strategy for the North region. Collaborate with Deployment team on new acquisitions and developments to ensure underwriting is consistent with market conditions.
• Third Party Oversight: Oversee third party property management, project management and tax consultants, including the review of operating expenses and completing capital expenditure plans.
• Valuation, Disposition and Financing Collaboration:
• Valuations: Collaborate with Portfolio Management on valuations using income, sales comparison, and replacement cost approaches. Assist in the review of quarterly appraisals and provide feedback to portfolio management.
• Dispositions: Analyzing BOVs, running hold-sell analysis, and gathering due-diligence information. Assist with the Investment Committee disposition presentation.
• Financing: Collaborate with internal capital markets team and assisting with data requests.
  
  What You'll Need:
  
  
  • Undergraduate degree in real estate, accounting, finance, economics, or related field preferred.
  • Minimum of 12 years of related experience in financial analysis/real estate asset management.
  • Ability to lead and grow a team of 4 individuals while focusing on the real estate needs of the region.
  • Highly organized with ability to lead multiple tasks in a dynamic, team environment.
  • Comprehend, analyze, interpret, and create real estate documents including, but not limited to LOIs and leases.
  • Strong knowledge of asset and property management, leasing, brokerage, marketing, financial reporting and financial concepts such as net present values and internal rates of return.
  • Negotiate leases while maintaining strong client relations. Additionally, effectively respond to sensitive issues and complex inquiries.
  • Present information effectively to other employees, senior management, and client groups in private and public settings.
  • Travel 50% of the time, including overnight.
    
    #INDSJ
    
    #CBREIM
    
    CBRE Investment Management carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for this position is $200,000 annually and the maximum salary for the position is $225,000 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates may also be eligible for a discretionary bonus based on CBRE IM's applicable benefit program.
    
    Equal Employment Opportunity: CBRE has a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
    
    Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company's success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).

Keywords: CBRE, New Haven , Director, Logistics Asset Management- CBRE Investment Management, Professions , New York, Connecticut