Asset Management Associate

About the Position

Spirit Investment Partners, LLC (“Spirit”) is seeking a highly motivated asset management professional to join its rapidly growing team of entrepreneurial real estate professionals.  The position will work directly with senior management in all phases of the company’s asset management, construction management, financing, and accounting activities.  The associate will play a dynamic role creating and implementing customized asset management strategies to drive performance of Spirit’s portfolio of mixed-use and multifamily projects located throughout the United States.  There is tremendous room for merit-based growth for an individual looking to make a career in the real estate investment world.  Spirit’s corporate headquarters are located in Stamford, CT with the location of this position being flexible.

Primary Responsibilities and Objectives

• Work directly on all aspects of Spirit’s asset management activities including portfolio operations, construction projects, financing, investor relations, leasing, and disposition decisions.
• Maximize total return for each assigned asset through the analysis of property efficiencies, revenue and expense management, and identifying opportunities for improved performance.
• Manage property and portfolio level cash flow, distribution analysis, budgets, and investment projections.
• Management of each individual project’s branding, marketing plans and leasing strategy.
• Create and maintain capital improvements plans and budgets, negotiate contracts, and manage construction draws for all renovation projects.
• Oversee required monthly, quarterly and annual reporting of the portfolio to Spirit’s management team, investors, and lenders.
• Assist in due diligence and underwriting of potential new acquisitions.
• Financial analysis, marketing studies and industry standard reporting (i.e. leasing activity, delinquency, revenue and expense variance reporting, etc.).
• Performs other related duties and assignments as required.

Qualifications, Skills & Attributes

• A Bachelor of Arts or Science from a well-regarded college or university with an emphasis on real estate, business management, finance, accounting, and/or economics preferred.  Graduate degree a plus but, not required.
• 2-3 years real estate, finance, accounting and/or analytical experience.  Direct asset management experience a plus.
• Proficient in Microsoft Office with demonstrated skills in Excel financial modeling; must be comfortable working with joint venture models, distribution waterfalls and calculation of financial metrics (i.e. IRR’s, equity return multiplier’s, etc.)
• Excellent analytical, writing and communication skills with the ability to multi-task.
• Strong work ethic, enthusiastic, proactive, well organized and mature.
• Quality interpersonal skills with a strong desire to learn and succeed.
• Extensive travel required throughout United States.
• Ability to work in a fast-paced, self-directed, entrepreneurial environment.
• Must maintain a professional image with residents, vendors, contractors, investors and Spirit principals.

About Spirit Investment Partners

Spirit Investment Partners (“Spirit”) is a fast growing, entrepreneurial real estate investment firm that utilizes our experience, integrity and creativity to achieve superior financial returns for our partners and clients.  Founded in 2010, Spirit has since grown into a vertically integrated real estate operating company headquartered in Stamford, CT, with a regional office in Orange County, CA.  Spirit Investment Partners focuses on the acquisition of value-added and development opportunities with a current focus on mixed-use and multifamily real estate located throughout the United States.   Spirit has a tremendous track record having performed over $1 billion in transactions, involving 5,700 multifamily units and managed over $70 million in renovation projects.

Additional Information

Spirit offers competitive salaries, benefits package and attractive bonus incentive opportunities.  If you are interested in becoming an integral part of a growing, entrepreneurial, team-oriented, and dynamic organization where your contributions will be recognized and rewarded, please submit a cover letter and resume.

Spirit Investment Partners is an equal opportunity employer committed to cultural diversity.