Vice President of Multifamily Apartment Real Estate Asset Management - Fifteen Group

October 02, 2017

Fifteen Group

Miami, Florida 33137
http://www.fifteengroup.com

Overview

 

Fifteen Group, a 25-year old multidisciplinary, opportunistic real estate development and investment company based in Miami with an office in Los Angeles, is looking for a highly experienced individual to be based in Miami to oversee the management and operations of various commercial assets in the firm's real estate investment portfolio.  The primary focus of this position will be the management of multifamily apartment properties with additional responsibilities for capital projects and residential-focused urban infill development projects.   The individual will coordinate and manage the execution of each asset's business plan and be responsible for all aspects of the property’s life cycle post-acquisition, with goal of maximizing asset value and efficiency.  This position will have direct asset management and project management responsibility for assigned assets and be supported by a financial analyst and project manager as needed.  Given the nature of the firm’s investments, many projects will require active project management and problem solving in connection with execution of business plans.   This individual will report directly to the Principals of the firm.    

 

Candidates should have:

  • Bachelor’s degree in business or real estate related field required (Advanced degree preferred not required)
  • Minimum of 5 years of experience overseeing the management of multifamily apartment real estate assets
  • Ability to manage and direct activities of a supporting Financial Analyst and/or Project Manager
  • Inquisitive, analytical and able to make recommendations supported by research and analysis
  • Excellent organization and project management skills with a strong attention to detail
  • Ability to multi-task, prioritize and track many tasks at once
  • Ability to work independently, take strong initiative, and be a resourceful self-starter
  • Comfortable with moderate travel for site visits and acquisition due diligence
  • Superior communications skills in speech, writing and presentation
  • Proficient in Microsoft Excel and Argus, working knowledge of MS Project a plus

 

Leadership And Operational Responsibilities will include:

  • Oversee management of assets to execute business plans and achieve maximum value
  • Lead all aspects of budgeting, financial forecasts and adjustments to business plans for assigned assets
  • Stay abreast of market and industry trends and bring forth new and fresh ideas to increase asset value
  • Conceptualize and implement value-add strategies, including expense reductions, revenue optimization, staffing optimization, lease expiration management, process improvements, capital improvements, asset repositioning, asset refinancing, and hold/sell recommendations
  • Provide direction and oversight to Property Managers in all regards, including property management, expense management, contracting, and capital projects; comprehensive leasing oversight
  • Conduct frequent site visits, property inspections and management meetings at key properties
  • Manage the preparation of cash flow projections and quarterly distributions or capital calls
  • Evaluate and recommend capital expenditures and supervise the execution of large capital projects
  • Provide leadership, project management, oversight, and reporting for development and capital projects, including management of all third parties and the consultant team
  • Assist in managing the debt financing, refinancing, and the disposition of assets
  • Provide material support for due diligence activities associated with property acquisitions
  • Interface with and manage consultants, brokers, vendors, attorneys, and other third parties
  • Review operating statements or project expenses of each asset on monthly basis and evaluate financial performance relative to internal forecasts to report key variances and recommend actions as warranted
  • Prepare or review and approve monthly and quarterly reporting for each asset
  • Ensure compliance with owner, lender and partner compliance, approval and reporting matters
  • Proactively review, analyze and report on market and economic trends for each sub-market and forecast trends that may affect the property regarding long/short term reposition and exit strategy

 

For consideration, please forward a detailed résumé/CV via Select Leaders website.  All resumes will be reviewed.  Contacting company principals directly via phone or email will disqualify candidates from consideration for the position.