Associate - Asset Management

Job Description

SLATE Property Group, a New York City-based owner and developer of residential and mixed-use real estate, is seeking an Associate of Asset Management who will be involved in all aspects of Slate's diverse portfolio of debt and equity investments across a variety of asset classes.  The candidate will be responsible for business plan implementation; supporting financing, recapitalizations and dispositions; generating financial analysis; preparing LP and internal reporting; and managing of third-party vendors for real estate investments across the capital structure, as well as supporting in the acquisitions and originations of new equity and debt investments.

Company Info:

Slate Property Group is a vertically integrated owner, operator, and developer of residential and mixed-use real estate in the New York metropolitan area. From adaptive reuse and existing asset reposition to ground-up residential development, Slate’s team leverages proven expertise, a diverse set of capabilities, and a regimented approach to provide its investors with superior risk-adjusted returns. Over the past 5 years, the principals of Slate Property Group have purchased in excess of $4 billion in real estate assets, producing above-market returns through various value-add strategies.

Responsibilities:

• Prepare financial analysis utilizing reporting prepared by accounting department, guidance of senior team members, and personal experience and insight
• Report regularly to company senior management and limited partners
• Prepare written investment updates on quarterly basis using company form
• Oversee day-to-day execution of project business plans for leasing, capital improvements, etc.
• Direct, with input from senior management, activities of third parties including residential leasing agents, retail leasing agents, marketing firms, contractors and property management
• Prepare portfolio-level data for internal underwriting, benchmarking, etc.
• Assist in execution of capital transactions with respect to assets (financing, recapitalization, disposition, etc.)
• Maintain operating and capital budgets, project schedules

• Minimum 2 years of experience as asset manager for a developer, owner-operator or investment fund
• Strong background in Excel required, Yardi experience preferred
• Strong knowledge of and experience in the property management of New York City multifamily real estate.  Additional experience in condo, affordable housing and/or debt investments preferred.
• Expert knowledge of New York City with regards to location of streets, neighborhood profiles, and each submarket’s rental and for-sale residential housing prices
• Experience in development and/or renovation of multifamily real estate including high-level knowledge of NYC building code and zoning ordinance, requisition and loan draw processing and general project management strongly preferred.
• Top-tier education (degree from a Top 30 ranked undergraduate institution) and strong GPA
• Strong written and verbal communication skills to successfully manage internal and external relationships
• Must be able to work independently, prioritize multiple tasks effectively, take on additional responsibility, and have strong attention to detail

• Salary, bonus, and top benefits
• Salary and bonus will be commensurate with experience.