Market Rate Asset Manager

Responsibilities:

  • Responsible for oversight of third party property managers including leasing activity, property positioning, rental rates, occupancy management, annual and quarterly budgeting, strategic asset planning, and capital projects; review and analyze budgets and cash flows and oversee adherence throughout the year.
  • Responsible for implementation of acquisition strategic plan including property staffing, re-positioning and major renovation; track, analyze and re-forecast trends in financial performance of assets in relation to underwriting.
  • Market, sub-market and competitive property analysis.
  • Responsible for monitoring costs and completion status of property level renovation programs including apartment interior enhancements, clubhouse and common area upgrades and deferred maintenance improvement projects.
  • Ongoing internal senior management reporting by asset and portfolio.
  • External investor reporting including property and portfolio performance for quarterly and annual reports, special projects.
  • Portfolio responsibilities reporting to Managing Director of Asset Management.
  • Periodic property visits nationally as required.

Requirements:

  • 2 plus years institutional real estate asset management experience specializing in market rate apartments with a solid understanding of operating results, valuations, investment returns, acquisition and development pro-formas
  • Experience with unit renovations, common area enhancements and deferred maintenance contract oversight preferred
  • Bachelor’s Degree required; degree in finance, accounting or real estate preferred
  • Strong organizational skills
  • Knowledge of accounting principles, real estate finance, Property Management and accounting software programs
  • Highly proficient in MS Office, particularly Excel
  • Excellent interpersonal, analytical, and problem-solving ability
  • Excellent written and verbal communications skills
  • Energetic, team player