Vice President, Multifamily Asset Management

Job Description

Vice President, Multifamily Asset Management

San Francisco, CA

Stockbridge is an established and growing real estate investment firm with over $33 billion in AUM (which has doubled over the past 3 years) comprised of a wide range of investment strategies and asset types across the U.S with offices in San Francisco, Atlanta, and Chicago.

This role is part of the Core and Value-Add (“CVA”) platform, which includes both funds and separate accounts with asset strategies ranging from core to value-add to ground-up development. The Vice President will function as a multifamily specialist, having direct responsibility for a portfolio of assets in San Francisco, Los Angeles, Seattle, Phoenix and Denver. The ideal candidate will enjoy having autonomy, while working in a collaborative environment. The Vice President will be supported by an Analyst/Associate. This is both a qualitative and quantitative position. Strong analytical skills, critical thinking and written skills are also necessary.

Primary Duties and Responsibilities:

• Direct responsibility of a portfolio of institutional-quality multifamily properties held by commingled funds as well as separate account clients.
• Prepare and execute strategic business plans for core, value-add and development properties.
• Perform regular site visits engaging with regional property managers and onsite staff.
• Engage and direct third-party property managers in development of annual operating budgets including capital and leasing plans.
• Provide acquisition input and assistance in due diligence process, including review of financial and operational assumptions.
• Manage coordination of post-acquisition activities and integration of asset into the ownership’s portfolio.
• Assist portfolio manager and capital markets team in the positioning of assets for sale and in the sales/marketing process.
• Review draw requests and oversee development assets through third-party lease-up and stabilization.

Skills and Competencies:

• All candidates must have a BA or BS degree from an accredited institution, preferably in real estate, finance, business, accounting, economics or related area. Must have strong academic credentials.
• Candidates should have 7-10+ years of direct real estate industry experience including specific multi-family asset management experience.
• Experience in managing development deals a strong plus.
• Computer proficiency with a strong working knowledge of Microsoft Excel, PowerPoint, Outlook and Word as well as Adobe Acrobat.
• Strong writing skills as well as verbal interpersonal/communication skills.
• Strong quantitative skills and demonstrated analytical and problem-solving ability.
• Strong organizational skills and attention to detail including an editing eye, with the ability to prioritize and manage multiple projects simultaneously.
• Strong negotiating skills with the ability to navigate nuance and complexity.
• Ability to function both in a team-oriented setting, and independently.
• Strong sense of personal motivation, accountability, responsibility, and entrepreneurship.
• Experience communicating with clients, joint venture partners, construction consultants, brokers, legal and risk management professionals.

Travel:

Travel required for property visits and market tours.

Compensation:

Competitive.  The base pay scale for this position is $180,000 - $220,000 annually, Stockbridge’s base pay scale depends on geographic location, business line, years of experience, and other qualifications of the successful candidate. The base pay scale is accurate as of the date of this posting. Stockbridge reserves the right to modify this information at any time, subject to applicable law.