The Company is a private real estate investment firm focusing on the acquisition, asset management and redevelopment of multifamily housing. Within three business lines, the focus is across the income spectrum providing market rate, middle income, and affordable housing. The Client is an action-oriented group committed to achieving extraordinary results for residents and investors. They believe that rewards should be based on merit rather than tenure and take pride in cultivating an environment where talented, hardworking individuals can thrive. The principals have a proven track record of successfully investing in over $3 billion of properties across multiple strategies and currently own and operate a national portfolio with a capitalized value of over $1 billion.
Location
Dallas, TX
Role
The Director of Asset Management will be responsible for leading and managing a team in charge of operational oversight of the company's real estate portfolio. The position is ideally suited for a highly motivated, detail-oriented individual with a solid asset management background, honed leadership skills, proven results, and strong work ethic. This individual should have the desire to be a part of an expanding company, and work within a team of other highly motivated individuals. This position will be based in our Dallas office and report to the Managing Principals.
Responsibilities
Daily responsibilities include, but are not limited to:
Responsible for overall portfolio management and profitability.
Develop and maintain an asset management team of A-players.
Create alignment between individual team member goals and department goals.
Further refine and develop internal protocols including property onboarding and watchlist protocols.
Develop and maintain high level relationships with 3rd party management companies.
Oversee 3rd party property management firms to ensure optimal property performance through clearly defined systems and controls.
Ensure the oversight and implementation of the property business plan and budget.
Analyze property financials and performance metrics in pursuit of maximizing revenue and minimizing expenses.
Maximize property level cash flow across portfolio.
Evaluate and implement changes for property improvements based on thorough analysis and experience.
Develop and monitor strategies to maximize asset values within the portfolio.
Negotiate major vendor contracts and pursue portfolio wide expense reductions through vendor bidding.
Problem-solve property and portfolio level issues through research, analysis and implementation.
Oversee preparation for regulatory inspections HUD, REAC, and MOR inspections, state and local inspections for affordable properties.
Ensure proper capital spending and maintenance across the portfolio.
Assist in conducting due diligence and financial modeling for new acquisitions, dispositions, and refinances.
Travel to properties across the nation will be required.
Qualifications
Established track record of business plan development, execution, and value creation across multiple commercial and residential asset classes.
5-10 years of experience in multifamily asset management.
Bachelor's degree (prefer real estate, business or finance).
Strong track record of improving portfolio operations.
Experience designing or improving asset management processes & systems.
Ability to cultivate, grow and harness the collective power of a strong industry network.
Strong decision-making skills with ability to think and act like an owner.
An analytical approach with a results-oriented mindset.
Strong management skills, with an ability to work independently, multitask and lead by example.
Highly motivated, with a positive "can do" attitude.
Affordable housing experience preferred, but not required.