Asset Management Associate New York, New York

The Asset Management Associate’s primary objective will be to support Asset Management’s goal of maximizing operations and return at the individual asset level and overall portfolio level.  The Asset Management Associate is the liaison between EquityMultiple and its sponsors to ensure all properties are performing in accordance with their business plans. The current portfolio comprises a diversified pool of assets including multifamily, office, hotel, industrial, student housing, car wash, retail, self-storage, co-living, condo, etc. and is invested in all parts of the capital structure.

Principal Duties and Responsibilities

• • • Prepare detailed cash flow projections and analysis of assigned properties, including analysis for proposed lease transactions, capital improvement projects, refinancings and dispositions
    • Review asset strategy presentations, annual budgets, and cash flow projections for annual business plan
    • Monitor specific performance measures to identify risks, trends and opportunities
    • Review and comply with leases, contracts, loan documents and JV agreements
    • Create and maintain property-level financial models and prepare hold/finance/sell recommendations and valuations
    • Conduct market research and analysis to obtain local market knowledge of competitor offerings, positioning, location, and market supply and demand trends
    • Prepare and review periodic asset updates
    • Collaborate with Acquisitions to underwrite new investments and work with other company stakeholders to manage investor inquiries and reporting
    • Manage third-party sponsor relationships
    • Perform other duties as assigned

Experience, Skills and Abilities Required

• • • Minimum  3-5 years of relevant  capital markets/asset management experience, ideally having seen the full lifecycle of assets (i.e., acquisitions to financings to dispositions) and having had experience with investments across the capital structure
    • Experience with debt & preferred equity a strong plus 
    • Bachelor’s degree from a top university
    • High proficiency in MS Excel and other MS applications required
    • Strong cash flow and partnership structure modeling experience
    • Ability to work well both independently and in group settings
    • Ability to effectively multitask and prioritize
    • Exceptional attention to detail and organizational skills
    • Ability to demonstrate resourcefulness
    • Entrepreneurial mindset
    • A passion and visible commitment to real estate investing

 

EquityMultiple is a leading online investment platform that is leveraging technology to help modernize the real estate industry. Together, our cross-disciplinary team is reimagining how real estate investments are sourced, underwritten and funded, connecting investors to a range of pre-vetted investments across the country. Since 2016, EquityMultiple has executed over 60 commercial real estate transactions with an aggregate value of over $1 billion. We are privately funded by leaders in the real estate and finance industries and strategically partnered with Mission Capital, a real estate capital markets firm that’s executed more than $70 billion in transactions. EquityMultiple operates nationally and is headquartered in NYC.

 

EquityMultiple is an equal opportunity employer and values diversity. All employment is decided on the basis of qualifications, merit, and business need.