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VP of Asset Management and Development

San Diego, CA

A well-established, privately held real estate investment and development firm is seeking a VP of Asset Management & Development to oversee performance across a diversified commercial portfolio. This individual will drive asset-level strategy, leasing execution, and development initiatives, while partnering closely with internal teams and external stakeholders to maximize long-term value.

This is a highly visible leadership role within an entrepreneurial, collaborative environment, ideal for someone who can operate both strategically and hands-on across the full lifecycle of assets.

Responsibilities

     Asset Management & Development Strategy

  • Lead development and execution of annual business plans across the portfolio
  • Evaluate assets for hold/improve/sell decisions based on financial performance, market conditions, leasing outlook, and capital requirements
  • Oversee development, redevelopment, and capital improvement initiatives, including feasibility analysis, budgeting, and execution
  • Coordinate with architects, contractors, consultants, and municipal stakeholders on entitlement and development-related initiatives
  • Prepare and oversee asset management reporting for senior leadership and joint venture partners
  • Conduct regular site visits to assess tenant experience, curb appeal, and operational performance, translating insights into actionable strategies

     Leasing Strategy & Execution

  • Lead leasing strategy across all assets, partnering with internal teams and third-party brokers
  • Select, manage, and direct leasing brokers to ensure successful execution of leasing plans
  • Structure and negotiate new leases and renewals, ensuring alignment with financial and portfolio objectives
  • Analyze lease economics and present recommendations to senior leadership for approval
  • Maintain deep market intelligence across regions, including rents, occupancy, competition, and development activity
  • Drive tenant retention strategies and proactively manage upcoming lease expirations
  • Maintain active relationships with brokers and tenants through ongoing outreach and industry presence
  • Lead, mentor, and develop leasing team members, including performance management and coaching

     Financial Management & Capital Planning

  • Oversee property-level financial performance, including budgeting, forecasting, and variance analysis
  • Forecast cash flow and capital needs across assets, advising leadership on capital calls and distributions
  • Partner with finance team to evaluate debt and equity strategies for existing assets and new opportunities
  • Review loan terms, financing structures, and related documentation
  • Serve as a primary point of contact for joint venture partners, including reporting and communication

     Acquisitions & Dispositions

  • Support acquisitions through underwriting review, due diligence, and business plan validation
  • Partner with acquisitions team to evaluate leasing assumptions and overall investment strategy
  • Assist in disposition strategy, including broker selection, marketing materials, and buyer evaluation
  • Oversee due diligence processes and coordinate materials required for transactions

     Leadership & Cross-Functional Collaboration

  • Partner cross-functionally with development, finance, and property management teams to execute business plans
  • Lead internal teams and external partners to drive performance across the portfolio
  • Represent the firm through industry engagement, networking, and market presence
  • Identify and implement process improvements and technology solutions to enhance operational efficiency

Requirements

  • 15+ years of experience across asset management, leasing, and development, with strong retail exposure
  • Bachelor’s degree required; MBA or Master’s in Real Estate preferred
  • Proven experience managing commercial real estate portfolios and executing value-add strategies
  • Experience overseeing entitlement processes and working with municipalities and external consultants
  • Strong financial acumen with experience in underwriting, forecasting, and capital planning
  • Proficiency with Argus required; Yardi experience preferred
  • California real estate license required
  • Strong leadership, communication, and relationship management skills

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Associate Director, Property Management

San Diego, CA

  • monthly, annual, and/or quarterly projects, inspections and repairs, ensuring on time completion and within budget. Coordination with client companies in an effort to reduce any disruption to operations.
  • Oversee, manage and/or perform other property management functions required of the position and assigned project(s).
  • Review Leases and Amendments, preparation and submittal of Lease Abstracts into Yardi and/or any other accounting systems. Preparation and review of operating matrix with client company and internal stakeholders as needed.
  • Create a culture providing guidance for new client companies with vendor recommendations if needed, new client company orientations, safety trainings and other educational forums that are beneficial to client companies.
  • Work with Legal as needed on client company requests as needed or for items not clearly defined in Lease.
  • Immediate response to liability and/or major property issues and reporting to Risk Management.

Financial Reporting:

  • Preparation of annual property operating budgets, monthly financial statements, quarterly budget reforecasts, accruals, variance reporting, CAM reconciliations and billings; ability to present to internal stakeholders and partners.
  • Timely collection of monthly rents in accordance with Lease terms, resolution of outstanding A/R issues including direct billbacks.
  • Routine processing of accounts payable.
  • Reconciliation of financial statements and ledgers.

Client Company/Life Science Community Relations:

  • Onboarding of new client companies, process to include interfacing with client companies’ lab operations managers and key personnel.
  • Prompt response to client company requests and/or questions.
  • Develop and maintain relationships with client company management and facility representatives.
  • Implement “client company touch” programs and review amenities to keep refreshed with current, and market-driven services.
  • Understand each client company’s needs to provide flexibility/expansion/relocation needs within portfolio as well as business needs to leverage our platform to solve their real estate challenges where appropriate.
  • Manage client company move-outs with review of lease language, particularly restoration clauses, review of Surrender Plans, coordination with client company and consultants to ensure decontamination of suites has been handled appropriately and all agency documents filed.
  • Participate in industry events to maintain and expand Breakthrough’s presence in the life science and technology communities.

Property Operations/Client Company Improvement Support:

  • Participate in property operations set-up to include, but not limited to, back-of-house operations, major building equipment commissioning and operations.
  • Support client company improvement projects to include, but not limited to, work letter administration, client company plan review, architect and contractor engagement and management, budget and improvement allowance monitoring and management, and project close-out while ensuring on time completion and within budget.
  • As directed by the Company’s senior management, support client company buildouts, mechanical and other major building system upgrades, including capital project oversight and implementation.

Facilities Services:

  • Develop and maintain strong vendor relationships partnering with engineering teams, coordination of contracting of ongoing maintenance, repairs and capital projects, ensuring completion on time and within budget.
  • Provide recommendations for capital improvements and operational considerations with an emphasis on corporate sustainability.
  • Ensuring timely and clear communication with client companies on any scheduled and emergency maintenance and repairs.
  • Coordination with client companies and their contractors for any TI and/or capital projects minimizing disruptions or loss of essential services to other client companies or amenities.
  • Emergency Response: Provide oversight to asset management and engineering teams in emergency situations such as floods, spills and leaks requiring immediate restoration, mold analysis and remediation.
  • Develop (with third party vendors as necessary) standard operating procedures and programs ranging in protocols for laboratory safety, laboratory operational permits, hazardous waste disposal, maintenance of accurate and up-to-date records on all training, permits and incidents. Maintain all site signage related to safety and standards for the site. Ensure Control Area compliance is being met.
  • Ensuring City and Agency required forms and renewals are completed on time.

REQUIREMENTS:

  • Minimum 10 years of proven success in the asset/property management industry with direct practical experience setting up operations, operating and managing sophisticated life science or commercial facilities.
  • Bachelor’s Degree or greater preferred. Real Estate License preferred.
  • CCIM, CPM, RPA, LEED or equivalent industry designation(s) preferred.
  • Strong organizational, communication and financial skills are required.
  • Successful track record of leading and managing others.
  • Strong technical knowledge of building operations required.
  • Experience in all phases of property operations, inclusive of asset and property management functions, legal and risk management.
  • Knowledge of key liability and legal issues in property management.
  • Experience with complex, highly technical commercial building system applications.
  • Experience with client company improvement projects.
  • Self-directed and motivated individual capable of managing both large and small project teams
  • Ability to resolve complex issues in a timely manner while prioritizing and handling multiple projects simultaneously.
  • Passion for working with people, creating amazing experiences and leading with a hospitality mindset.
  • Takes initiative and is a proactive and decisive leader always focused on continuous improvement.
  • Computer proficient skills with strong knowledge in spreadsheet preparation and working experience with all Microsoft Office Products, including but not limited to Excel, Word, Outlook, Angus, Yardi, and with skills to learn proprietary software systems utilized by the Company.

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