Senior Asset Manager

Our client stands at the forefront of the commercial real estate market, renowned for their focus on acquiring and enhancing Class B value-add and core plus multifamily properties. With a dynamic portfolio of over 32,000 units and a track record of surpassing market-level execution, they are among the most rapidly expanding firms in the sector. They foster a culture brimming with positivity, teamwork, and growth potential, offering unparalleled opportunities for advancement to those who demonstrate exceptional performance.

The firm is seeking a seasoned Senior Asset Manager with a robust track record in multifamily real estate, especially within portfolios requiring significant renovation and strategic repositioning. This role demands a professional capable of not only overseeing a distressed value-add portfolio but also spearheading efforts to revitalize and stabilize these assets to achieve optimal performance. The position entails a significant amount of travel, particularly within Texas, to ensure hands-on management and transformation of properties.

• Drive optimal performance of a specified portfolio, focusing on strategic planning and hands-on oversight.

• Lead the execution of the value-add program in collaboration with the construction management team to ensure targeted returns on investment (ROI) are met or exceeded.

• Maintain an in-depth understanding of the cash positions across the portfolio, forecasting cash needs on a monthly basis to inform strategic decision-making.

• Cultivate and sustain relationships with lenders and investors, ensuring open, transparent, and timely communication regarding asset performance and projections.

• Continuously monitor market conditions to make informed, agile decisions that align with portfolio strategy and market opportunities.

• Develop and oversee the implementation of annual budgets and business plans, and perform reforecasting as needed to align with performance trajectories.

• Create and implement operational strategies that effectively reposition assets, including oversight of marketing, capital improvements, and tenant engagement to enhance asset value.

• Direct and evaluate 3rd party property management teams, ensuring stringent systems and controls deliver exceptional property operations.

• Craft, assess, and communicate detailed performance reports (monthly, quarterly, and ad-hoc) to stakeholders.

• Navigate annual budget processes, incorporating comprehensive capital improvement plans.

• Analyze financial and operational data to drive revenue growth and expense reduction.

• Recommend and enact improvements, based on in-depth analysis and industry expertise.

• Conduct regular property inspections to assess performance, management effectiveness, and capital needs.

• Scrutinize occupancy rates, operating costs, cash flow, and budget discrepancies, taking corrective action where necessary.

• Manage the performance of an analyst within the asset management team, providing guidance and mentorship to support their role and the broader strategic objectives.

• Exemplary judgment and decision-making capabilities, particularly in complex and fast-paced situations.

• Independence in work ethic, evidenced by a history of self-motivation and successful collaboration within cross-functional teams.

• Adaptability within entrepreneurial settings and a hands-on contributor’s approach to team efforts.

• Superior organizational and time management skills, enabling the handling of multiple projects and deadlines efficiently.

• A process and results-driven approach, with a strong focus on customer and investor satisfaction, sustainability, quality, and innovation.

• An entrepreneurial spirit, ready to take on necessary tasks with enthusiasm and initiative.

• 7+ years of overall experience in multi-family real estate operations and asset management.

• In-depth understanding of multi-family real estate investment portfolios, asset and property management and corresponding market analysis.

• Successfully managed a geographically diverse multi-site portfolio.

• Proven track record in managing complex projects and teams, with an emphasis on financial analysis and forecasting.

• Excellent financial acumen, with a thorough understanding of financial statements and reporting.

• Effective interpersonal skills with the ability to develop and foster internal and external relationships.

• Travel to properties will be required.

• Degree in Business, Finance, Real Estate Management or related field or equivalent experience.

• Strong computer proficiency, especially Excel.