My client acquires and manages real estate properties with a focus on both near-term income generation and long-term value creation. They currently have an an immediate opening for an Asset Manager to join their dynamic real estate team. This role will have oversight and management of various multifamily real estate investments with the overall goal of optimizing asset values.
Responsibilities:
Develop property and portfolio level operational strategies and analyze performance, capital projects and other relevant investment factors that most heavily influence asset values
Coordinate, review, present, and execute comprehensive annual business plans and budgets
Prepare quarterly reports and financial statements
Assist in the review of valuation models, take part in the acquisition and disposition process, and support due diligence efforts for select investments as needed
Manage the takeover of new assets and assure the smooth and successful transition into the portfolio
Communicate with third party property management, appraisers, brokers, insurance and real estate tax consultants and other third-party service providers
Be an expert for each market where fund assets are sited, with a particular focus on competing institutional apartment communities, the development delivery pipeline and other macro- and microeconomic factors that could impact portfolio performance
Coordinate and facilitate lender compliance with third party property management regarding debt covenants, providing financial information and monitoring the release of escrow accounts
Visit all properties within the portfolio on a regular basis to coordinate efforts with third party property manager
Requirements:
Bachelor's degree in Business, Real Estate, Finance or Accounting
Post graduate education a plus
10+ years of experience in the multifamily and/or commercial real estate, required