Senior Associate - Asset Management

About One Real Estate Investment (OREI)

Founded in 2001, One Real Estate Investment is a privately owned, Miami-based real estate investment and development firm focused on acquiring multifamily assets in the Southeast United States and Texas. One Real Estate Investment currently owns and manages a well-diversified portfolio of approximately 11,000 multifamily apartment units with $2 billion in AUM.

Objective:

The Asset Manager will be part of a team of other Asset Managers and supporting members that assist with overseeing all aspects of a multi-family portfolio. The Asset Manager will have an understanding of institutional real estate with a focus on multi-family experience. This position offers qualified candidates the opportunity to participate in evaluating and implementing strategies that drive investment performance advance their careers within private equity real estate. This position will report to the Vice President of Asset Management.

Responsibilities:

- Directly manage 4-6 assets within a specified geographic region

- Monitor and drive asset performance consistent with each deal’s business plan alongside the VP of Asset Management

- Create and oversee short and long-term business plans for newly acquired assets

- Deliver timely and accurate budgets and meet financial reporting needs for investors

- Work with third-party property management company to ensure performance measures and renovation deadlines are managed and met

- Conduct weekly calls with third party management to track progress of property and determine strategy to optimize performance

- Perform long-term analyses using Excel to project future cash flows and total return

- Handle miscellaneous tasks that relate to the asset such as lender requests, third party reports, working with contractors and vendors to achieve optimal pricing

- Collaborate with other departments such as Accounting and Acquisitions

- Meet weekly with the senior management to recommend and discuss all strategic decision making with assets under management

- Oversee tax appeals, loan compliance, replacement reserves, partnership expenses, and more

Qualifications and Desired Skills:

- Bachelor’s degree from a four-year university in real estate, finance, accounting, or related field of study

- 5-8 years of experience with a commercial real estate firm, preferably with a focus on multifamily

- Proficiency in Microsoft Word, Excel, and Outlook required

- Ability to multitask and handle multiple projects at once

- Exceptional verbal and written communication skills

- Strong interpersonal skills and ability to develop and foster industry relationships

- High levels of organization and keen attention to detail

- Working knowledge of real estate valuation and financial modeling, including the ability to create cash flow models from scratch

- Ability to read and interpret property financial statements including income statements, balance sheets, and ledgers

- Ability to travel for site visits and property tours as needed

Compensation and Benefits:

- Competitive annual salary, discretionary bonus, and share of promoted interest

- Complete healthcare, dental, and vision coverage

- And ancillary benefits