Senior Vice President-Asset Management

AEI Capital Corporation is seeking an experienced and strategic Senior Vice President of Asset Management to join our team in St.

Paul, Minnesota.

This leadership role will oversee the physical, financial, and operational performance of AEI's national real estate portfolio and play a key role in driving the company's long-term growth, investment performance, and overall success.

This position is part of a planned leadership transition, offering a unique opportunity to work closely with senior leadership, including the incumbent, to ensure a seamless transfer of responsibilities and gradually assume full leadership of the Asset Management function over time.

Essential Job Functions Team Leadership Hire, train, motivate, empower and inspire internal and external team members to drive results and accomplish strategic goals.

Foster a collaborative team environment within Asset Management and across other departments throughout the organization.

Ensure systems support the work of the team.

Acquisition Support and Business Planning Assist the acquisition team in the evaluation of prospective real estate purchases.

Vet the underwriting assumptions used by the acquisition team for the real estate purchase pricing, balance fund and DST placement and assist with individual asset business planning.

Review due diligence materials and raise issues for discussion, presenting possible solutions.

Review and understand the business plan or investment strategy for the asset ensuring assumptions are sound, achievable and deliver the desired outcomes for investors and AEI.

Financial Analysis and Planning Understand real estate valuation fundamentals (direct capitalization and discounted cash flow) and assess the impact of operational decisions on investment returns.

Use time-value-of-money principles to analyze alternative lease structures and proposed capital improvements in order to calculate effective rental rates in the presence of concessions and anticipated payback periods on capital outlays.

A basic understanding of debt financing and the impact of leverage on property-level cash flow as well as familiarity with complex debt and equity structures is a plus.

Oversee financial modeling to evaluate opportunities for asset repositioning, complete periodic portfolio valuations and forecast investor returns.

Explain the results of financial models to senior executives through the use of common financial metrics and ratios.

Portfolio Management Execute strategies at the property level for the lifecycle of each asset.

Maximize value of each asset by making decisions that account for property characteristics and market conditions in the following areas: Budget review and approval including initial underwriting, periodic budgeting, CAM recs and the like.

Approve leases and capital expenditures.

Generate operational efficiencies and manage risk.

Oversee real estate tax and insurance strategies compliance, appeals, policy renewals, claims management.

Facilities Overse...