[Hiring] Senior Asset Manager @JLL

Role Description

One of our long-standing clients owns a portfolio of ambulatory healthcare real estate, and they're asking for a senior asset manager who'll treat those assets as investments. You'll own how the owned assets perform, and you'll tell the client what to buy, sell, fund and lease, and why.

This is a judgment role, not a task-execution role. You'll work from the same data the account team and the client use, and you'll stand behind every recommendation in front of the people who make the decision. You'll work with the client's Chief Growth Officer/Treasurer and Real Estate System Administrator, alongside our transaction management, property management, energy and procurement, and lease administration colleagues, with the direct support of JLL’s Asset Management Services team. Together, you'll turn the client's investment direction into asset-level plans the whole team can deliver.

What you'll do

• Own owned asset performance
• Set the strategy for each owned asset, recommending whether to hold, lease up, reposition or sell.
• Track net operating income, occupancy, rent roll and expense variance, and say what's driving the numbers and what you'll do about it.
• Lead the annual business plan and the operating and capital budget for the owned portfolio.
• Guide acquisitions and dispositions
• Evaluate acquisition opportunities and give the client a clear recommendation, with the underwriting behind it.
• Build the case for each disposition, including timing, pricing expectations and the use of proceeds.
• Work with our transaction management team on broker selection, marketing and execution.
• Direct capital spending
• Recommend where capital goes, and where it doesn't, based on the return it earns, the risk it removes and the tenant need it meets.
• Review capital plans and project scope with property management, and track spend against the approved budget.
• Reduce vacancy
• Set leasing strategy for vacant and expiring space, including target tenants, rate ranges and concession approach.
• Work with lease administration on expiration and renewal strategy, so you see roll risk well before it arrives.
• Review leasing and broker recommendations and hold the team to the plan.
• Work with the client and the account team
• Report on portfolio risk, opportunity and budget status to the Chief Growth Officer/Treasurer, and prepare the approval packages for strategy, budget and significant capital decisions.
• Partner with the client's Real Estate System Administrator and the JLL Account team so the system of record is accurate, complete and trusted, and report from it rather than from a personal spreadsheet.
• Work with property management on delivery against the approved plan, and with energy and procurement on operating cost and sourcing opportunities.
• Report directly to the Asset Management Services (Americas) team and indirectly to the Account Director, and keep both informed of client priorities, risks and escalations.

Qualifications

• Eight or more years in asset management, portfolio management or investment management for institutional or corporate real estate. Healthcare or medical office experience is strongly preferred.
• A record of preparing and presenting regular business plans, investment proformas, hold and sell analysis, and disposition strategy.
• Experience evaluating acquisitions and directing leasing and transaction activity with brokers and transaction teams.
• Experience working inside a client governance framework, including formal reporting and delegated authority.

Requirements

• Fluency in asset-level financial modeling and valuation.
• A strong command of leasing economics, capital planning and disposition analysis.
• Comfort working from a shared data platform as the single source of truth.
• A professional qualification such as MRICS or CFA, or an equivalent, preferred.

Benefits

• 401(k) plan with matching company contributions
• Comprehensive Medical, Dental & Vision Care
• Paid parental leave at 100% of salary
• Paid Time Off and Company Holidays
• Early access to earned wages through Daily Pay

Company Description

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.