Real Estate Asset Manager

Asset Manager

Our ideal team member will be responsible for Asset Managing Multifamily Assets :

Monitor a growing portfolio of multi-family properties located in the Southeastern United States

Oversee, report on and enhance property operations with a goal of :

Accurately and systematically reporting clearly and concisely property performance against a variety of goals

Increasing performance against those goals, and,

Protecting and ensuring the long-term viability of assets

Analyze property assets, recommend and implement improvement strategies to maximize operational performance of the portfolio

Travel : Approximately 35%. Must have a valid drivers' license.

Essential Duties & Responsibilities :

Under the direction of the VP – Director of Asset Management, oversee the operations of the company's investment properties

Create, solicit input, then distribute quarterly performance reports to investors

Review and monitor monthly operational reports and evaluate property performance :

Summarize operations for review by principals

Highlight property performance vs. goals

For adverse issues

Investigate issues by interacting with the management company

Document explanation from management company

Solicit / create plan(s) for remediation, including cost and schedule, and build a consensus plan with the management company and MACP

Document and report on progress towards goal

Highlight / expose patterns around adverse issues

• Maintain database of critical information for each deal (loan terms, ownership structure, required repairs, reserve balances, capital flow etc.) and track key items and dates
• Create and maintain investor return scenarios per asset in relation to distributions, refinancing, sale
• Create, implement, and maintain a communication policy for investors and partners involving direct interaction and social media

Oversee our compliance with lender and insurance operational and deferred maintenance requirements

o Maintain schedule and cost budget

o Provide weekly updates on progress

o Highlight delays or concerns

Research and understand driving forces in individual property markets, recognizing when trends might be working with or against our investments

Provides support and analysis to our management partners with the goal of increasing profitability and reducing risk

Identify partnerships that require Watchlist status and develop strategies to address all issues

Assist in maintaining and updating company's profile on social media

Performs other duties and responsibilities as assigned

Qualifications

Knowledge and Skills :

Knowledge of :

Institutional asset management

Advanced concepts, principles and practices of multi-family real estate / housing operations, including property inspections, property management and property maintenance

Knowledge of real estate finance.

Knowledge of institutional investment strategies and partnership structures

Accounting principles.

Skill in :

Strong analytical skills & financial acumen

Use of MS Office products

Document Management technology

Communication, both orally and written

Follow-up to ensure resolution and completion of tasks

Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication and spreadsheets

Educational / Previous Experience Requirements :

Bachelor's Degree (B.A.) in related field and a minimum of five (5) years of multi-family asset management experience

~or~

Any equivalent combination of experience, education, and / or training.