Company Overview:
Our client is an innovator in the real estate industry, recognizing that real estate can advance both community interests and commercial investments with a wide range of urban initiatives—from residential buildings to retail spaces, from market-rate developments to workforce housing. Since 2003, our client has developed over 5.4M SF with more than $6.8 billion in completed and current transactions.
Position Overview:
Our client is hiring an Asset Manager to work on assets across its portfolio. The selected individual will join an experienced team of real estate investors, developers, and asset managers to collaborate on the asset management function and design and execute comprehensive asset-level business plans and scale the asset management function across the company’s portfolio of multifamily assets.
Responsibilities:
- Implement project level asset management strategy in accordance with the asset’s investment thesis.
- Work closely with and manage all property management partners to implement asset strategy, realize efficiencies and improve property performance, including monthly / quarterly site visits as needed.
- Negotiate contracts and manage capital improvement projects to budget and in accordance with lender requirements, maintain renovation tracking and ROI analysis across multiple projects and assets.
- Manage property level risk to minimize property or casualty loss and to protect both the physical plant of the portfolio assets and the Company's reputation.
- Review weekly, monthly, and quarterly reporting as to leasing and marketing, property operations and financial reporting for each of the portfolio assets.
- Develop annual operating and capital budgets for each portfolio asset and analysis of budget to prior year and proforma performance.
- Interface and provide periodic updates to institutional equity partners including tax credit investors.
- Assist with firmwide initiatives on an as needed basis.
Qualifications:
- 3 – 5+ years of multifamily asset or property management experience
- Demonstrated success evaluating, designing and / or re-engineering strategies and procedures to improve property level / portfolio performance.
- Strong knowledge of Section 8, Section 42 (LIHTC) and NYC regulatory programs
- Strong financial modeling and accounting skills with a high level of attention to detail and accuracy
- Ability to write effective business correspondence and to communicate effectively across platforms.
- Ability to independently manage projects and responsibilities across multiple assets, skill sets and timelines.
- Ability to prepare financial feasibility analyses and strategic plans, conduct research, review portfolio related documents/agreements.
- Strong analytical and execution abilities including analyzing problems, identifying multiple resolution scenarios, evaluating recommendations, and implementing solutions.
- Collaborative team player with a positive attitude, strong work ethic, ability to handle multiple assignments, good judgment, excellent follow-through, and attention to detail.
- Hands-on experience with Yardi is preferred along with Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word, Outlook).
- Demonstrate strong intellectual curiosity, time management skills, and innovative entrepreneurial approach to projects, tasks, and interactions.
- Ability to travel periodically for site visits.
