Multifamily Director of Asset Management- GP Company
New Today
- Growth & Opportunity
- Competitive Compensation
About Our Client
This is a fantastic opportunity to help build out an asset management platform and lead a portfolio of assets worth over $800MM. Focusing on the firm's assets throughout Texas and multiple other states the asset manager will be responsible for the day to day operations of all multifamily assets.
Job Description
Focusing on the firms assets throughout Texas and multiple other states the asset manager will be responsible for the day to day operations of all multifamily assets. Having a hands on approach to this is key and the asset manager will be required to make regular site visits. Alongside this your dial roels and responsibilities will include but no be limited to:
- Maximize total ROI for all assets and assessing where to add value and improvements to current and existing assets
- Provide direction (leadership) and oversight of business plans, budgets, forecasts, leases, analysis and approvals
- Working in a collaborative fashion with third-party property managers, lease administrators, leasing agents, legal counsel, auditors and accountants
- Works with construction management to create a vision for the capital improvements to the asset
- Tracks lender mandated reporting and covenants such as debt service ratio coverages
- Develop and distribute periodic asset management reports to investors, consultants and other partners
- Negotiate third party contracts
- Participates in the annual budget process
- Analyze weekly and monthly operating reports from property managers
- Understand different financial evaluation methods related to valuation and performance of real estate (such as IRRs, NPVs, WACCs, etc.)
- Analyze market and submarket comps and track against portfolio performance
- Prepare reports for lenders, institutional partners, and the Investment Committee using PowerPoint and Adobe suite
- Manage asset management files and records
- Work with Acquisitions team to develop asset business plans
- Ensure adherence to policies and procedures to maintain effective internal controls
- Assist in operational takeovers and property manager transitions
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.
The Successful Applicant
Seeking a successful asset manager must have strong hands on asset management, value add and leadership experience. Alongside this you must possess:
- Bachelors degree in finance, accounting or real estate focused industry
- 5 + years of Multifamily real estate asset management experience.
- Strong lease administrative and hands on asset management experience.
- Experience with managing over a significant portfolio of Class A multifamily Assets
- Financial modelling and Excel capabilities
- Experience in site leadership managing over property managers, vendors and maintenance professionals on multifamily sites
What's on Offer
In return my client are offering a fantastic benefits package that includes market leading salary, bonus and additional benefits.
Contact
Lizzie Medina
Quote job ref
JN-052025-6734356
- Location:
- Dallas