DRA Advisors, a leading investment advisor specializing in real estate investment and management services for institutional and private investors, with over $10 billion in assets currently under management, is currently recruiting for a Multifamily Asset Manager.
Key Responsibilities/ Duties:
Manage garden-style multifamily assets within an institutional caliber organization
Work with all levels of Property Management professionals to effectively implement the business plan
Work with Joint Venture structure, with the ability to manage and develop key relationships with equity partners
Must proactively recognize, investigate and communicate property level issues to senior management
Review and analyze monthly property level reports to ensure adherence to annual budget
Evaluate and oversee capital improvements and value add strategies, with specific knowledge in the execution of interior unit renovation plans
Collaborate with acquisition and disposition teams throughout the life of an asset to achieve investment objectives
Must develop expertise in the geographies of assigned assets and represent DRA Advisors in the marketplace. Understand current market trends related to the demographics, job growth, economic drivers and product supply that affect a portfolio and act on them
Actively participate in the acquisition of new assets – responsible for overseeing the due diligence process inclusive of market analysis, engineering, environment and financial reviews
Position is located in NYC with 25% travel required
Experience in working with Revenue Optimization Systems (Yieldstar or LRO) is a plus
The duties and responsibilities listed above are representative of the nature and levels of work assigned and are not necessarily all-inclusive.
Minimum of 5 years’ experience as a “hands on” asset management specialist in the Institutional Multifamily sector