Vice President, Asset Management
hace 2 días
Dallas
Vice President of Asset Management Location: 3100 Monticello Ave, Dallas, TX 75205 COMPANY OVERVIEW Gillon Property Group (GPG) is a Dallas-based commercial real estate investor, developer, and operator and the exclusive real estate vehicle of the Washburne family (fourth and fifth generation H. L. Hunt). GPG and its affiliates oversee a commercial real estate portfolio built up over decades and dedicated to driving long-term value by creating extraordinary places that enhance people’s lives. GPG invests across mixed-use, multifamily, retail, and office assets in select U.S. markets — anchored by some of the most iconic destinations in the country, including Highland Park Village (Dallas, est. 1931) and Country Club Plaza (Kansas City, est. 1922) — and operates with a principal-investor mindset, a disciplined investment process, and a long-term, fundamentals-driven approach to value creation. The firm pursues a focused portfolio of institutional-quality assets, often acquired through complicated transactions, and manages them in coordination with lenders, third-party service providers, and capital partners including parent company Gillon Capital and other institutional co-investors. This is a rare opportunity to join a platform with significant growth ambition, meaningful ownership alignment, and the institutional quality of a much larger firm, with the agility and culture of a best-in-class private family-owned company. POSITION SUMMARY The Vice President of Asset Management (VP) will serve as a senior member of GPG’s investment team, accountable for maximizing long-term, risk-adjusted value across the firm’s portfolio of mixed-use, multifamily, retail, and office assets. The role translates each asset’s investment thesis into a written business plan, executes that plan through disciplined oversight of service providers, leasing agents, and property managers, and delivers accurate, decision-useful reporting to ownership and the Investment Committee. Operating with a principal-investor mindset, the VP owns asset performance against underwriting, drives revenue growth and leasing discipline, stewards capital plans through execution, and maintains a current hold/sell/refinance point of view on every asset. The role works in close coordination with capital partners — including Gillon Capital, equity joint-venture partners, and lenders — and supports the firm’s acquisition underwriting and disposition activity. This is a high-ownership role for an experienced asset manager who can operate across multiple product types, hold other parties accountable while preserving constructive relationships, and develop junior talent. The VP will initially lead one analyst/associate and is expected to grow into the next generation of GPG asset-management leadership as the platform scales. KEY RESPONSIBILITIES Portfolio Performance & Business Planning • Deliver, for each asset in the portfolio, financial performance — NOI, tenancy, and returns — at or above the levels established in the acquisition underwriting and the most recent approved business plan; identify variance early, escalate, propose remediation, and execute., • Develop, document, and execute an annual written business plan for each asset, integrating leasing strategy, capital plan, operational priorities, market positioning, and a hold/sell point of view; update plans as facts change and re-baseline when warranted. Revenue, Leasing & Capital • Drive top-line revenue across rent, ancillary income, and other-income streams; review and approve all material leases (structure and economics) using net-effective-rent and a broader value-creation evaluation, quantitative and qualitative; conduct tenant credit underwriting and monitor the watch list; and challenge leasing teams on deal economics., • Develop and oversee execution of capital plans — including value-add programs, redevelopment feasibility, and major capital projects — on time, on budget, and on thesis, validating that returns on incremental capital exceed the cost of capital and create value; participate in development meetings and contribute ideas where applicable., • Assist leasing and management teams with merchandising and marketing plans; help manage national tenant relationships and deal-making; hold management and leasing accountable to the business plan and intervene where performance lags, while preserving constructive working relationships; and participate in portfolio reviews, tenant focus lists, and tenant presentations. Reporting & Stakeholder Management • Deliver monthly flash reports, quarterly investor reports, annual property valuations, and annual business plans to ownership — including Gillon Capital, equity JV partners, debt providers, and other capital partners — on a reliable, repeatable cadence that is accurate, decision-useful, and on time. Transactions, Risk & Compliance • Maintain a current hold/sell/refinance point of view on each asset; surface refinance and disposition opportunities to the Chief Investment Officer and Investment Committee; and lead diligence and execution on dispositions and recapitalizations in coordination with capital-markets advisors and legal counsel., • Ensure full compliance with loan documents, JV agreements, leases, insurance requirements, real-estate-tax appeals, and applicable law; maintain an evergreen tracker of covenants, approvals, and consents so that nothing falls through the cracks., • Provide asset-management diligence on potential acquisitions — operating-cost benchmarking, lease-abstract review, market intelligence, and capital-plan estimates — to strengthen underwriting and protect underwriting quality. Team Leadership & Development • Develop direct reports (initially one analyst/associate) into the next generation of GPG asset-management talent through structured feedback, scorecard reviews, and progressive delegation of decision rights. QUALIFICATIONS & EXPERIENCE • Bachelor’s degree; concentration in finance, economics, real estate, accounting, or business preferred., • 7–10+ years of institutional commercial real estate asset-management experience, in mixed-use, multifamily, retail, and/or office., • Strong track record of business-plan development, leasing oversight, and capital-plan execution., • Hands-on experience with acquisition diligence, dispositions, and/or refinancings., • Advanced proficiency in Argus Enterprise, Microsoft Excel, Word, and PowerPoint., • Superior written and verbal communication skills, including the ability to produce institutional-quality reporting and Investment Committee–quality memoranda., • MBA or graduate degree in real estate, finance, or a related field (preferred)., • Direct experience with mixed-use and large-format Sunbelt and Texas-market assets (preferred)., • Experience producing institutional investor reporting — monthly flash and quarterly investor letters — for multiple capital partners with differing reporting standards (preferred)., • Experience with redevelopment, repositioning, or value-add programs requiring meaningful incremental capital (preferred)., • Familiarity with debt restructuring, refinancing mechanics, and JV recapitalization (preferred)., • Dallas-based and in-office at GPG headquarters, with travel of approximately 25–35% to assets, partners, and capital relationships. CORE COMPETENCIES • Investment and financial analysis: property- and portfolio-level financial modeling, NOI bridges, leveraged and unleveraged yields and returns, lease underwriting, tenant credit analysis, valuation and hold/sell analysis, • Multi-asset-class operational fluency: working command of the operating mechanics of mixed-use, multifamily, retail, and office assets — supply/demand drivers, leasing markets, expense structures, revenue management, ancillary income drivers, and tenant/resident relationship dynamics in each., • Capital-markets familiarity: practical understanding of senior debt, mezzanine, and equity structures; refinancing mechanics such as defeasance and yield maintenance; JV waterfall mechanics; and the trade-offs among hold, refinance, recapitalize, and sale., • Lease analysis and negotiation: review and approval of LOIs and leases on a net-effective-rent basis within a broader value-creation framework, with command of material lease provisions (exclusives, co-tenancy, CAM, percentage rent) and their valuation impact., • Business writing and executive communication: production of monthly flash reports, quarterly investor reports, board-quality decks, and IC memoranda that are clear, well-organized, and decision-useful., • Third-party management: ability to direct, challenge, and motivate partners, third-party service providers, property managers, and leasing agents as a principal-level owner, • Critical thinking and judgment: a disciplined, fundamentals-based approach to ambiguity, with the ability to size risk and return, distinguish signal from noise, and form a clear point of view., • Communication and influence: articulate in writing and in person, able to operate equally well with operations teams, capital partners, lenders, brokers, and the Investment Committee., • Team leadership and development: coaches and develops junior team members, delegates effectively, and expands the bench., • Value-creation mindset: focused on real, long-term value — ROIC and incremental ROIC — rather than activity or optics, distinguishing prudent experimentation from waste and eliminating the latter., • Calm under pressure: maintains stable judgment and steady performance through transaction stress, market dislocation, and partner conflict. Benefits: • Competitive base salary + annual performance-based bonus, • 100% Employer paid medical, dental, vision, and life insurance for employee, • Flexible Spending Accounts (FSA), • 401(k) with a 6% company match, • 3 weeks of PTO per year, plus 5 sick days, • 12 company paid holidays