Senior Asset Manager

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 with the client's Chief Growth Officer/Treasurer and Real Estate System Administrator, alongside JLL's transaction management, property management, energy and procurement, and lease administration colleagues, with the direct support of JLL's Asset Management Services team.

Responsibilities

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 explain drivers and actions; Lead the annual business plan and the operating and capital budget for the owned portfolio; 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 the transaction management team on broker selection, marketing and execution; Recommend where capital goes, and where it doesn't, based on return, risk removed and tenant need met; Review capital plans and project scope with property management, and track spend against the approved budget; 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; Review leasing and broker recommendations and hold the team to the plan; Report on portfolio risk, opportunity and budget status to the Chief Growth Officer/Treasurer, and prepare 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 and trusted; Work with property management on delivery against the approved plan, and with energy and procurement on operating cost and sourcing opportunities

Requirements

Eight or more years in asset management, portfolio management or investment management for institutional or corporate real estate; 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; 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; Authorized to work in the United States without sponsorship

Nice to have

Healthcare or medical office experience; A professional qualification such as MRICS or CFA, or an equivalent

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