Associate, Real Estate Asset Management

Job Description

Who we are

Belveron Partners, is a privately held investment firm with strong focus on preserving affordable and workforce housing across the United States with offices in San Francisco, Boston, and New York. Founded in 2006, Belveron and its affiliates have invested in more than 200 properties in 32 states, representing more than 25,000 affordable homes. Our capital investments have provided meaningful liquidity to thousands of limited and general partners in concert with our preservationist goals. Our double-bottom-lined investment process has yielded positive results for our investors and the communities we serve.

Who you are

You're a self motivated and proactive individual with a track record of getting things done. You can work in an entrepreneurial environment, balance changing priorities and meet deadlines. When it comes to making decisions, you’re efficient and effective. Ability to collaborate with internal teams is essential as we are a small company but have a growing portfolio of assets and day to day responsibilities!

Belveron is seeking an asset management professional to focus on portfolio strategy and asset management of multifamily assets across the US, responsibilities include:

• Manage assets through full life cycle: underwriting, due diligence, renovations, lease-up, maintenance, capital, stabilized operations and dispositions
• Ensure the successful creation, management, and execution of the Asset Level Business Plans, and drive the financial performance of their respective portfolio of properties

• Identify, analyze and execute buy outs, refi's and dispositions 
• Provide feedback on new investments underwriting, operations and market based on portfolio data analytics
• Contribute to a portfolio wide strategy to optimize internal processes and maximize value
• Work closely with property managers and leasing team to establish and execute business plans, budgets, and forecasts for assets in the portfolio 
• Maximize cash flow and total return for each assigned property through the analysis of financial and operational reports to identify opportunities for improvements  
• Develop and distribute asset management reports that provide insight into the portfolio’s financial performance to senior management on a quarterly basis
• Review and manage interest rate risk in the portfolio 
• Determine capex needs of the portfolio, funding sources and potential savings opportunities. Execute

• Collaborate with property management company and utility consultants to identify strategic opportunities to reduce utility expenses where possible; review utilities bill-back programs to identify opportunities to increase bill-back amounts and/or reduce CAD percentages where possible; must possess solid understanding of property utilities

• Ensure each asset is in compliance with regulatory agencies and meeting fiduciary obligations to lenders/investors
• Identify all reporting requirements and work with personnel responsible for report distribution to see that requirements are met 

Preferred Background and Skills: 

• 4-6 years of real estate experience
• Preference to asset management/underwriting exposure, affordable housing programs knowledge or experience in the New York real estate market

• Forward planning of work and tasks; deliver quality results on time; focus on activities and efforts of high value/ROI; be goal and results oriented

• Must have Excel modelling skills (Train the Street style)
• Knowledge and understanding of real estate financial statements and concepts

• Comfortable navigating and analyzing transaction legal documents, financial projections and financial reports 

• Excellent oral and written communication skills  

Education: 

• Masters Degree in Business, Real Estate or Urban Planning preferred, not required