Job Description
Job Description
Job Purpose
The Asset Management Associate’s (“AMA”) primary role is to assist in leasing, management, and reporting for a portfolio of industrial assets (~100 buildings/15M sf/$1B+). The position is aligned with a VP (or SVP) Asset Manager who has direct responsibility for operation and performance of the assets. The AMA works closely with internal team members (Lease Administration, Accounting, Acquisitions, Legal, etc.) and external third parties (leasing brokers, property managers, JV Partners, vendors, etc.).
Duties and Responsibilities
Portfolio Support
- Acquisitions - Support underwriting and onboarding of new investments (buildings and developments).
- Dispositions - Assist in the sale of existing assets (valuation models, broker selection, buyer interviews, due diligence coordination, and closing process).
- Portfolio Reporting – Analyze, forecast, and report on portfolio metrics (occupancy, lease rollover, NOI, CapEx, and market trends).
Asset Management
- Onboard and train third-party property managers (“PMs”) on STAG processes and internal systems.
- Primary point of contact for property managers in the field.
- Conduct monthly property management calls, review building inspection reports, and act as initial ownership representative on daily action items.
- Coordinate repairs and maintenance and capital improvement projects with PMs and STAG’s construction team in accordance with the budget.
- Oversee AR outreach to tenants, credit applications, payment inquiries and invoicing issues.
- Review and approve annual budgets including operating expenses, CAM recovery pools, lease assumptions, and capital expenses.
- Interface with the legal department on sublease and assignment agreements, demand and default letters, and other tenant related documentation.
Leasing
- Draft broker listing agreements, coordinate execution, and approve marketing materials.
- Ensure vacant spaces are in market ready condition and marketing materials are on site.
- Assist in negotiating leases, preparing term sheets, modeling deal economics, and coordination of documents.
- Prepare lease approval summaries (“LAS Form”) for internal signoffs.
- Support brokers and maintain constructive relationships.
Accounting
- Assist in monthly/quarterly reforecasts including expense recovery and actual-to-budget variance analysis.
- Liaison between tenants and property managers to answer questions and resolve any issues including management and reconciliation of tenant accounts.
- Coordinate with property managers and accounting to resolve invoicing issues.
Qualifications
- Bachelor’s degree, preferably in Real Estate, Finance, Business Administration, Accounting or a related field.
- 3 to 5 years of relevant real estate experience.
- Extensive knowledge of Excel.
- Familiarity with property/lease management and financial modeling systems (e.g., Yardi, MRI, Argus) preferred.
- Good interpersonal, oral and written communication skills.
- Ability to read and interpret lease language.
- Ability to work independently and meet deadlines.
- Highly detail oriented.
- Team player who possesses strong analytical and problem-solving abilities.
Working Conditions
Position does not require special working conditions. Employee works in an office setting utilizing a laptop provided by company. Moderate travel component (~25%).
Direct Reports
Position has no direct managerial responsibilities.
STAG has a strong commitment to equal opportunity in the workplace and believes in treating people with dignity and providing equal employment and advancement opportunities for all.
We are also committed to fair and competitive compensation. The salary range listed for this role is based on our market pay structures, and candidate qualifications such as skills, education, and experience. The higher end of the range reflects candidates who bring highest levels of relevant experience to the role.
Compensation & Benefits:
- Competitive base salary, commensurate with experience
- Discretionary bonus tied to individual and company performance
- Comprehensive benefits package, including:
- Paid holidays and generous PTO
- 401(k) plan with employer match
- Health, dental, and vision insurance
- Basic life and AD&D coverage
- Voluntary supplemental life insurance
- Short- and long-term disability
- Flexible Spending Accounts (FSAs) for healthcare and dependent care