Director of Asset Management

Summary of Position:

As part of the Asset Management team, the Director of Asset Management will have an instrumental role in analyzing, monitoring, and implementing business plans for the Company’s portfolio of Class A multifamily communities. The Director will consult with executive leadership and play a key role in communicating with investors and lenders.

Principal Duties and Responsibilities:

• Manage a portfolio of communities to ensure the financial health of each property.
• Serve as the revenue manager; run pricing calls and provide guidance for market rates, renewals, and lease expiration management.
• Establish annual budgets, business plan execution, investor reporting and assist with the disposition of communities.
• Develop lease-up strategies with Property Management and Development teams.
• Collaborate with leadership teams from Investments, Development and Property Management to analyze and make recommendations on proposed budgets to optimize property performance.
• Partner with internal marketing to best understand marketing analytics and data and provide recommendations for pricing and marketing decisions.
• Review community level annual budgets and model different lease-up strategies to compare and recommend prior to execution.
• Create and evaluate financial reporting related to property budgets, variances and benchmarking to competitive set and original underwriting.
• Collaborate with Property Management, Investments and Accounting to ensure monthly, quarterly, and annual reporting requirements are met for lenders and investors.
• Develop a thorough familiarity with assigned communities and markets by conducting in-depth market and portfolio analyses, understand industry trends, participate in leasing update calls, partner with Property Management, and conduct on-site visits.
• Design, develop, and implement real estate and other investment summaries with recommendations to senior management.
• Coordinate and actively participate in appraisals and dispositions.

General Overview of Compensation & Benefits:

• We reasonably expect the base compensation offered for this position to range from $135,000 - $160,000 annualized, subject to adjustment based on business-related factors such as employee qualifications, geographic pay differentials (e.g., cost of labor/living, etc.), and operational considerations.
• This position may be eligible for performance-based bonuses as determined in the Company’s sole discretion.
• This position will be eligible for company benefits in accordance with Company policy. We offer a competitive total rewards package including medical, dental and vision coverage along with a broad range of supplemental benefits including 401k Retirement Plan, prepaid legal assistance, and more. We also offer paid time off for vacation, sickness, holiday, and bereavement. We are pleased to be able to provide 100% company paid life insurance and long-term disability insurance. This information is intended to be a general overview and may be modified by the Company due to business-related factors.

Applicants may apply for this position via our careers website.

Education and Experience Requirements:

• Bachelor’s degree in Finance, Real Estate, Economics, or a related field required.
• Master’s degree in Finance, Business, Real Estate, Economics, or a related field preferred.
• 5+ years in multifamily asset management and familiarity with lease-ups.
• Excellent verbal, written and interpersonal communication skills.
• Strong quantitative analysis and advanced Excel skills.
• Able to work under tight time constraints and extended hours as required.
• 10-25% travel.

Physical Requirements:

This is primarily a sedentary office position which requires the Director of Asset Management to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary.

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