DGS LEASING PORTFOLIO MANAGER - 62430

Executive Service

DGS LEASING PORTFOLIO MANAGER

Department of General Services

State of TN Real Estate Asset Management (STREAM)

Nashville, TN

Monthly starting salary of $5,591 - $7,243 (determined by experience).

Hybrid Work Schedule

Closing Date : 10 / 28 / 2024

More information regarding benefits can be found at :

www.tn.gov / hr / employees1 / benefits.html .

Who we are and what we do :

The Department of General Services makes Tennessee State Government work! Literally.

State troopers, and social workers, are a few State employees who couldn't do their jobs without the vehicles we purchase and maintain.

The Department of Transportation relies on us to purchase salt to treat icy roads. When you visit the State Capitol or other State buildings across Tennessee, our department has had a hand in it.

We are responsible for operating, managing, and maintaining real estate assets owned by the State. Even the governor relies on our team to document his appearances and various State events through photography.

Selected as one of the Tennessean's Top Workplaces for the last five years, the Department of General Services mission is to serve as a trusted partner to deliver mission-focused general services to support Tennessee State government.

Our vision is to create a culture of excellence that produces consistent strategic and innovative support solutions for our State.

We do this with a commitment to four core values : thorough, engaged, accountable, and motivated.

Commissioner Matt Van Epps leads this incredible team of hard-working professionals. Check out the link at the end of this post to hear what she has to say about working for the Department of General Services.

How you make a difference in this role :

As the Leasing Portfolio Manager, you will be responsible for the ongoing management of commercial real estate leasing transaction activities for a defined portfolio of properties on behalf of our agency partners.

You will prepare, negotiate, recommend, and implement transaction strategies for the acquisition of commercial real estate leases, lease renewals, and lease amendments.

Job Overview :

This position reports to the Leasing Director. The position has a hybrid work schedule with a monthly starting salary of $5,591 - $7,243 (determined by experience).

The State of Tennessee offers competitive benefits including hybrid and flexible remote work schedules; health, dental, vision, and life insurance;

tuition assistance; retirement plans; employee discounts for personal purchases; free downtown parking; better-than-average sick and annual leave; and State holidays.

Key Responsibilities :

• Implement real estate plans with an understanding of the agency's strategic real estate goals and assist with project initiation and scope definition, prioritization of assignments, and adherence to agency-driven priorities, commitments, and milestones.
• Act as a tenant representative and effectively negotiate the business terms and conditions for various commercial real estate products, including office, retail, flex, and industrial products in the State's best interest within statute and policy.
• Draft and create a variety of analyses and relevant documents, including but not limited to project initiation, market comparable reports, Lease Proposal Requests (LPRs), proposal comparison packages, Net Present Value analysis (NPV), lease recommendations, market assessments, rent projections, and lease packages for State Building Commission review and approval.
• Negotiate leases, lease amendments, and lease renewals within prescribed timelines and monitor lease expirations of assigned projects.
• Identify new properties to meet agencies requirements and timelines and understand how to review, analyze, and interpret financial analysis templates, including NPV (net present value) or IRR (internal rate of return) financial analyses, to make more informed decisions.
• Thorough understanding of financing and construction expenses (shell and interior costs) and their impact on lease rates.
• Perform diligence on existing and proposed locations, including build-to-suit sites, utilizing facility management reports and strength and weakness assessments (SWOT analysis).
• Manage space expectations through stellar customer focus with the perception of various stakeholders.
• Implement solutions with Lease Administration, Workplace Strategy, Compliance, Interior Design / Project Management, Facility Management, STS, and Finance / Accounting teams to ensure integration between the service lines.
• Monitor and maintain a real estate project tracking system to ensure timely and cost-effective transaction completion while preparing reports and presenting to relevant parties.
• Adhere to all policies, procedures, and statutes of the State Building Commission, ensuring compliance with the State's policies and procedures related to identifying and mitigating potential conflicts of interest.
• Visualize space configurations when assessing sites to provide solutions in collaboration with agency leadership and provide ongoing relationship management through rent commencement.
• Thorough understanding of real estate markets, rural to major metropolitan markets, to deliver cost-effective solutions for the State of Tennessee and its taxpayers.
• Other duties may be assigned.

Required Experience :

Bachelor's degree (BA / BS) from a four-year college or university in Finance, Economics, Business Administration, Real Estate, or a related area, and at least four (4) or more years of related commercial real estate experience.

Residential real estate experience and apartment leasing are not applicable.

• In-state travel is required, including occasional overnight stays.
• Experience with Microsoft Office Suite (advanced Word and Excel knowledge preferred).
• Excellent communication skills, sense of urgency, time management, problem-solving, prioritizing, organization, analytical skills, and must be self-motivated.

Pursuant to the State of Tennessee's Workplace Discrimination and Harassment policy, the State is firmly committed to the principle of fair and equal employment opportunities for its citizens and strives to protect the rights and opportunities of all people to seek, obtain, and hold employment without being subjected to illegal discrimination and harassment in the workplace.

It is the State's policy to provide an environment free of discrimination and harassment of an individual because of that person's race, color, national origin, age (40 and over), sex, pregnancy, religion, creed, disability, veteran's status or any other category protected by state and / or federal civil rights laws.