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AAM Real Estate Investment Manager

XWING

XWING

San Carlos, CA, USA
Posted on Oct 1, 2024

AAM Real Estate Investment Manager

Job Locations US-CA-San Carlos
ID
2024-3489
Category
Corporate Development
Type
Regular Full-Time

Joby Overview

Located in Northern California, the team at Joby Aviation is driven by our goal of creating an affordable, all-electric air transportation system. Imagine a piloted air taxi that takes off vertically, then quietly carries you and your fellow passengers over the congested city streets below, enabling you to spend more time with the people and places that matter most. Since 2009, our team has worked steadily to make this dream a reality. We’ve designed and tested many generations of prototype aircraft capable of serving in a network of electric air taxis. We’re looking for talented, committed individuals to join our team as we push onwards toward certifying the Joby aircraft with the Federal Aviation Administration, scaling our manufacturing, and preparing to launch commercial service in 2025.

Overview

As a Real Estate Investment Manager for the emerging Advanced Air Mobility Industry, you will oversee the acquisition and management of a portfolio of transportation infrastructure and properties controlled and operated by Joby. This role requires expertise in real estate investment, asset management, financial analysis, strategic planning, transportation, and strategic partnerships. You will work closely with property managers, leasing teams, financial analysts, and investors to maximize the performance and profitability of the real estate assets. This position will report to our Corporate Development organization but will have strong cross-functional relationships with our Product Intelligence, Infrastructure Engineering, Operations, OEM, Government Relations, Legal, and Finance Teams.

The Advanced Air Mobility industry has secured multi-billion dollars of funding over the last couple of years and is expected to launch its first operations as early as 2025. In order to start operations, the identification, planning, and build-out of the infrastructure are required.

Our Partnership with Airlines helps us access sought-after opportunities at Airports, and our partnership with Ground Mobility Providers, embedded with our Product Intelligence team, gives us the data insights required to identify the most important infrastructure nodes to secure to operate a highly efficient network. Our highly skilled Vertiport Design & Development team is ready to execute the rollouts at such locations to create mobility hubs.

This location of this role is in one of the following areas: the San Francisco Bay area, Los Angeles or the New York Metropolitan area.

Responsibilities

  • Infrastructure Strategy

    • Develop and implement the right strategy to secure and deploy AAM transportation infrastructure at scale globally.

    • Define and secure the right set of partners to support the rollout of industry-defining infrastructure investments and developments.

  • Portfolio Management:

    • Manage the day-to-day performance of the real estate portfolio.

    • Develop and implement asset management strategies to optimize property overall financial performance.

  • Financial Analysis and Reporting:

    • Conduct financial analysis, including property valuation, cash flow projections, and investment return analysis, to support strategic decision-making and investor relations.

    • Prepare comprehensive financial reports, performance metrics, and budget forecasts for internal stakeholders and external investors.

  • Leasing and Landlord/Tenant Management:

    • Oversee leasing activities, negotiate lease agreements, and manage relationships to maximize financial performance.

    • Monitor market trends, demands, and competitive landscapes to adjust strategies and pricing accordingly.

  • Capital Expenditure and Maintenance:

    • Plan capital improvement projects, renovations, and maintenance initiatives to enhance property value and operational efficiency and execute those with the Joby infrastructure team.

    • Ensure compliance with property regulations, building codes, and environmental standards during asset management activities.

  • Investor Relations and Communication:

    • Serve as a key point of contact for investors, providing updates on portfolio performance, financial results, and strategic initiatives.

    • Communicate investment strategies, market insights, and growth opportunities to stakeholders through presentations, meetings, and written reports.

  • Strategic Planning and Risk Management:

    • Develop long-term strategic plans and investment objectives for the real estate portfolio, aligned with market conditions, investor expectations and in close collaboration with the Joby Product Intelligence Team..

    • Identify and mitigate risks associated with property investments, market volatility, regulatory changes, and economic fluctuations.

Required

  • A Bachelor's degree in Real Estate, Finance, Business Administration, or a related field is typically required; an MBA or professional certification (e.g., CFA, CPM, CCIM) may be advantageous.
  • A minimum of 7 years in real estate investment, asset management, or property management roles, with a focus on managing portfolios within a REIT structure.

  • Financial Acumen: Strong financial modeling skills, with the ability to analyze property performance, assess investment opportunities, and manage financial risks.

  • Communication: Excellent interpersonal and communication skills to collaborate effectively with internal teams, external partners, and investors.

  • Strategic Thinking: Ability to develop and implement strategic plans, asset management strategies, and operational initiatives to achieve REIT objectives.

  • Problem-Solving: Analytical mindset and decision-making skills to address complex real estate issues, optimize asset performance, and resolve operational challenges.

  • Regulatory Compliance: Knowledge of regulatory requirements, legal considerations, and industry standards governing REIT operations and real estate investments.

Desired

  • Experience in the transportation and mobility industry

EEO

Compensation at Joby is a combination of base pay and Restricted Stock Units (RSUs). The target base pay for this position is $158,600 - $203,200/year. The compensation package will be determined by job-related knowledge, skills, and experience.

Joby also offers a comprehensive benefits package, including paid time off, healthcare benefits, a 401(k) plan with a company match, an employee stock purchase plan (ESPP), short-term and long-term disability coverage, life insurance, and more.

Joby is an Equal Opportunity Employer.

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