Opportunity:

As a key member of the Asset Management team, you will be responsible for helping to execute the business plan created by the development/acquisitions team.

• Develop and implement strategic business plans for each asset that will govern its daily operations, position in the market, and ultimate disposition.
• Monitor asset performance and provide key diagnosis to enhance asset value and performance.
• Lease up of multifamily assets including the initial business plan, a lease-up and stabilized budget, unit absorption and lease-up timeline, unit delivery inspection and acceptance, initial revenue and unit pricing plan, monthly cash management, and monthly reporting to investors and development group.
• Collaborate with the multifamily development team on unit layout and design, amenity selection, and provide NOI maximizing operating insight.
• Overseeing third-party construction managers for shell tenant improvement buildout including cost reconciliation actual versus budget.
• Diagnose and respond to property performance, market challenges, occupancy issues, and various other drivers of asset financial performance.
• Create cash flow projections, analyze, and recommend investor capital calls and distributions.
• Review monthly revenue and compliance reporting with a high focus on producing investor and lender reporting while providing feedback and guidance to third-party management.
• Conduct regular site inspections to monitor performance and execution of tasks, ensuring asset quality and marketability.
• Monitor and review market trends, submarket data, and area supply indicators to maximize strategies at the individual asset level.
• Monitor and maintain compliance with all lender requirements.
• Monitor timely payment of taxes and insurance premiums.
• Monitor all escrow accounts and operating cash accounts to ensure they are properly funded.
• Oversight of 3rd party property management.
• Risk Management Participate in developing risk management strategies for the asset portfolio.
• Assist with due diligence and follow-up on property transactions.

Required education and experience:

• Bachelor’s degree in business, real estate, economics, finance, accounting, or equivalent experience.
• 3+ years of relevant experience in multi-family development
• Experience in multifamily lease-ups, capital investments, tenant improvements, and dispositions is a plus.
• Experience in asset management of real estate investment portfolios, real estate with operations and analysis, budgeting, financial reporting, and general accounting, or other relevant experience.