Apply on Employer Site

Principal Financial Group · 8 hours ago

Investment Director - Asset Management, Industrial Real Estate

Chicago, IL

Full-time

Onsite

Senior Level, Lead/Staff

$157K/yr - $213K/yr

8+ years exp

Principal Financial Group is a leading investment solutions company managing about $580 billion in assets. They are seeking an Investment Director - Asset Management to oversee investment management for a private equity industrial real estate portfolio, focusing on core operating assets and complex assignments.

Financial ServicesInsurance

No H1B

Responsibilities

Joint Venture partner relationship management, especially with local development partners

Communicate to our client the attributes of each investment owned and market dynamics

Review and present recommendations on new prospective industrial development, core and value-add acquisition transactions within appropriate risk/return parameters to the dedicated Portfolio Management Team, our client, and the internal Principal Real Estate Investment Committee

Conduct due diligence, financial analysis, and prepare investment memoranda supporting new investments and dispositions

Develop and maintain key relationships in the assigned markets with property managers, leasing agents, and investment sales brokers

Understand and negotiate Joint Venture Operating Agreements, Development Management Agreements, Property Management Agreements, and Leasing Agreement

Create annual asset business plans and budgets

Indirect management and development of an assigned analyst

Qualification

Investment managementCommercial real estateIndustrial asset managementProperty valuation applicationsDevelopment management oversightMBANegotiation skillsCommunication skillsLeadership skills

Required

Bachelor's degree in finance, economics, business or related field required; real estate emphasis preferred

8+ years' experience in commercial real estate philosophies, policies, strategies and procedures (15+ years' preferred)

5+ years' experience dealing with complex real estate transactions in a major market with significant industrial real estate focus

Industrial asset management and development experience

Knowledge of property valuation applications (Argus experience) and understanding of discounted cash flow analysis and land residual analysis

Must be able to travel 20-25% to markets, meet with owners, developers, brokers and other market participants and inspect properties

Preferred

Development management oversight, including experience working with development management agreements and reviewing draw requests

Experience reading, interpreting and understanding contracts and other legal documents

Strong oral/written communication skills, listening skills and negotiation skills (on the phone, in person and making presentations)

MBA

Demonstrated diplomacy and troubleshooting skills for use within the regional structure and with other internal functional areas

Notable existing market contacts within the Industrial real estate industry

Prior experience running effective meetings, displaying strong leadership and mentoring skills, and professionally and effectively interacting with others

Benefits

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.

Company

Principal Financial Group

Glassdoor3.9

Principal Financial Group® is dedicated to improving the wealth and well-being of people and businesses around the world—helping more than 62M customers plan, protect, invest, and retire as of December 31, 2023.

Founded in 1879

Des Moines, Iowa, USA

10001+ employees