Asset Manager - HamiltonZanze

January 23, 2018

HamiltonZanze

San Francisco, California 94129
http://hamiltonzanze.com/

Summary:

The mission of the Hamilton Zanze Asset Manager is to assume the role of owner and to develop a culture where all people involved with the property think like owners.  This is achieved by promoting a people-centric community built on open communication of challenges while encouraging everyone to participate in the identification of opportunities to improve.  We act as a hub and listen to residents, property management company employees, HZC employees and investors to define a focused strategy to maximize investment potential.  The Asset Manager will recommend the appropriate balance of cash distributions to investors and re-investment into the property with an objective of maximizing the overall return on investment.

Scope of Responsibilities: 

  • Define strategy for property management team to execute.
  • Support our property management partners when confronted with challenges.
  • Leads regularly scheduled organized interactions with property management team (with primary contacts being Regional Manager, Regional Maintenance Manager & Executive Vice President) via phone calls, email and site visits; orchestrating follow-up as a result of these meetings.
  • Set a positive tone towards achieving mutual goals.
  • Identify trends and specific issues that require senior property management team focus.
  • Monthly balance sheet review - understand cash position of each asset.
  • Monthly P&L review and comparison to property management budget, acquisition pro-forma & the greater market regular communication with PM team on successes/failures and questions.
  • Reports to Senior Asset Manager and HZC Principals as requested for specific project and deliverables
  • Quarterly recommendations for distribution changes.
  • Quarterly property journals review and approval
  • Interactions with private and institutional investors, including in-person meetings, telephone calls and report delivery.
  • Interactions with Lender, insurance company, other third parties on behalf of owner.
  • Negotiate service contracts (cable/laundry/etc) on behalf of owner.
  • Quarterly property valuations, including preferred return & residual multiple with an awareness of sale comps and market cap rates.
  • Attend due diligence at potential new acquisitions in market; provide perspective to acquisitions team on proposed business plan.
  • Coordinate with project management team and property management team on the acquisition business plan; recommend shifts when appropriate.
  • Recommend opportune time to sell / refi; responsible to ensure P&L trend is maximized prior to sale; identify value add opportunities for new buyers.
  • Become local market experts MPF quarterly report review, relationships with brokers & other owners, attendance of local events, review of local newspapers.
  • Preparation of annual budget and business plan key piece to coordinate the balance of cash to investors, immediate reinvestment into property and savings for future reinvestment.

Specific Knowledge and Skills:

  • Strong research, analytical, and problem-solving skills.
  • Excellent organizational, interpersonal, writing, and communication skills.
  • Strong active listening skills.
  • Ability to see the big picture and work within defined parameters.
  • Self-motivated, team oriented, and strong time management skills to prioritize deadlines.
  • Ability to be an independent worker with a team attitude.
  • Proficiency with Excel required, knowledge of Yardi and Yieldstar preferred
  • Some travel required (up to 25%).

Education and Work Experience:

  • Bachelor's degree required
  • Minimum of three year's real estate experience (multifamily experience desired)

*Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records*

For more information or to apply now, you must click on the Apply link below.