Johns Hopkins University has retained Helbling to conduct an executive search to secure a Director of Asset Management.
The Director of Asset Management is a newly created position reporting directly to the Chief Real Estate Officer (CREO) and is responsible for establishing the strategic policy and providing leadership and oversight to internal Asset Manager(s) and third party property management firms contracted by the University on multiple campuses. The Director of Asset Management works closely with the Director of Leasing to ensure efficient use of space resources by revaluating needs and effectively structuring leases in both owned and third party buildings. The Director will be expected to serve a visible leadership role within the organization, and they must be a strong communicator, collaborator, problem-solver, and leader both internally and externally. In addition, the Director will need to be a subject matter expert in their field who is willing to play a hands-on role when necessary. Leading by example with minimal ego and a team-first mentality will be paramount.
The Director of Asset Management is the senior level institutional representative of the building customers (tenants) and stakeholders located on the campuses and in third party properties, including operational, financial, strategic planning, special projects and logistical / crisis response, and provides oversight to contracted firms, managers, engineers, administrative support, security and custodial services. The Director of Asset Management interacts regularly with senior university leadership, real estate leasing team, the accounting and budgeting teams, as well as the internal Planning & Architecture and Design & Construction groups. The Director will provide oversight and quality control of financial analysis related to capital decisions, asset procurement, asset and capital improvement budgeting, long term strategic asset management plans, management coordination, and stakeholder communications.
The wholly owned portfolio includes 19 buildings with approximately 2.1 million square feet and an aggregate annual operating budget in excess of $60 million plus related capital projects. The University also leases over two million square feet of space in third party buildings, owns a hotel / conference center under third party management, has several ground leases to third parties, owns a residential portfolio of 265 units in four properties, and is considering other significant prospective development sites. Third party property management firms and their teams of onsite professionals manage and direct the daily operations of the wholly owned portfolio under direction of the internal Asset Manager(s) who are the two direct reports to the Director position. The Director of Asset Management assumes a leadership role and interfaces with both University and Medicine for Johns Hopkins.
This position specification is a general statement of required major duties and responsibilities performed on a regular and continuous basis. It does not exclude other duties as assigned.
The Johns Hopkins University is one of the world’s leading research universities. Based in Baltimore, Maryland, the University comprises 10 academic and research divisions and numerous centers, institutes, and affiliated entities throughout the Baltimore-Washington area and abroad. Divisions of the university include: the Zanvyl Krieger School of Arts and Sciences, the G.W.C. Whiting School of Engineering, and the School of Education on the Homewood campus; the School of Medicine, the Bloomberg School of Public Health, and the School of Nursing located nearby in East Baltimore; the Peabody Institute and the Carey Business School in downtown Baltimore; the Paul H. Nitze School of Advanced International Studies in Washington, D.C. with campuses in Bologna, Italy and Nanjing, China; and the Applied Physics Laboratory in Laurel, Maryland. In the fall term of academic year 2017- 2018 Johns Hopkins had a total enrollment of 25,151 students. The University attracts the finest undergraduate, graduate, and professional students and more federal research and development funding than any other university in the United States.
The mission of the University is to educate its students and cultivate their capacity for life-long learning, to foster independent and original research, and to bring the benefits of discovery to the world. Johns Hopkin’s real estate initiatives are closely tied to both the mission of the university as well as President Daniels’ vision for the university as expressed in his Ten by Twenty goals. Johns Hopkins is extraordinarily entrepreneurial and excellence-driven, and this entrepreneurial spirit generates the innovation for which Johns Hopkins is known internationally—innovation that often happens through collaborations that harness complementary strengths to find solutions to our greatest societal, philosophical, and scientific challenges.
The Johns Hopkins Medicine:
The mission of Johns Hopkins Medicine is to improve the health of the community and the world by setting the standard of excellence in medical education, research and clinical care. Diverse and inclusive, Johns Hopkins Medicine educates medical students, scientists, health care professionals and the public; conducts biomedical research; and provides patient-centered medicine to prevent, diagnose and treat human illness. Johns Hopkins Medicine pushes the boundaries of discovery, transforms health care, advances medical education and creates hope for humanity.
In 1997, leaders of the Johns Hopkins University School of Medicine and the Johns Hopkins Health System Corporation came together to form Johns Hopkins Medicine, and this blended governance structure has contributed to the success of the organizational mission – excellence in patient care, research and education. Johns Hopkins Medicine employs more than 40,000 full-time faculty and staff members, making it among Maryland’s largest private employers and the largest in Baltimore City. Johns Hopkins Medicine operates six academic and community hospitals, four suburban health care and surgery centers, and has more than 2.8 million outpatient encounters per year.
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Johns Hopkins University is an equal opportunity employer and does not discriminate on the basis of gender, marital status, pregnancy, race, color, ethnicity, national origin, age, disability, religion, sexual orientation, gender identity or expression, veteran status, other legally protected characteristics or any other occupationally irrelevant criteria. The University promotes Affirmative Action for minorities, women, individuals who are disabled, and veterans. Johns Hopkins University is a drug-free, smoke-free workplace.