Manager - Asset Management

About Us:

The Calida Group (“Calida”) is a leading developer, investor, and operator of distinctive, life-style oriented multifamily and mixed-use properties throughout the United States. Investing approximately $1 billion annually, the company has acquired or developed more than 20,000 multifamily units throughout the United States with investment partners ranging from HNW family offices to institutional investors.

Position Summary:

We are looking for a highly experienced individual to oversee a portion of a large and growing portfolio of Class “A” and Class “B” multifamily properties located throughout the Southwest, Pacific Northwest and Southeast US. The individual will coordinate and manage the execution of each asset's business plan and be responsible for all aspects of the property’s life cycle post-development or post-acquisition, with the goal of maximizing asset value and efficiency, including directing all external parties and be expected to take lead on investor, partner, and lender calls regarding the operational performance of the properties. This role is highly execution-oriented and requires a true “doer” mentality, with the ability to operate within a deeply analytical environment where recommendations and strategic decisions are fundamentally supported by data, market intelligence and submarket-level analyses. This individual will report directly to the Chief Investment Officer.

Position Location:

The ideal candidate would be based in Dallas, TX.

Duties:

• Oversee and execute the lease-up and stabilization of ground up multifamily developments and the renovation and stabilization of existing multifamily assets (includes unit and clubhouse renovations).
• Prepare and present quarterly asset management reports to senior executive and / or divisional partners.
• Lead all aspects of budgeting, financial forecasts, and adjustments to business plans for assigned assets.
• Stay abreast of market and industry trends and bring forth new and fresh ideas to increase asset value.
• Conceptualize, implement, and execute value-add strategies, including expense reductions, revenue optimization, staffing optimization, lease expiration management, process improvements, capital improvements, asset repositioning, asset refinancing and hold / sell / recapitalization recommendations.
• Provide direction and oversight to property managers and contractors in all regards, including the following: property management, expense management, capital improvement oversight and comprehensive leasing oversight.
• Conduct frequent site visits, property inspections and management meetings at key properties.
• Manage the preparation of cash flow projections and quarterly distributions or capital calls.
• Evaluate and recommend capital expenditures and supervise the execution of large capital projects including unit and clubhouse renovations.
• Provide leadership, project management, oversight and reporting for development and capital projects, including management of all third parties and the consultant team.
• Assist in managing the debt financing, refinancing, and asset dispositions.
• Provide material support for due diligence activities associated with property acquisitions.
• Interface with and manage consultants, brokers, vendors, attorneys and other third parties.
• Review operating statements or project expenses of each asset on a monthly basis and evaluate financial performance relative to internal forecasts to report key variances and recommend actions as warranted.
• Prepare or review and approve monthly and quarterly reporting for each asset.
• Prepare, review, and approve red-to-black analyses related to lease-up performance, providing recommendations regarding concessions and pricing strategies to optimize lease expirations and maximize NOI.
• Ensure compliance with owner, lender and partner compliance, approval, and reporting matters.
• Proactively review, analyze and report on market and economic trends for each sub-market and forecast trends that may affect the property regarding long/short term reposition and exit strategies.

Skills/Qualifications:

• Solid experience with managing renovations
• Very analytical approach to KPIs
• Excellent computer skills, including excel
• Ability to manage and direct activities of a supporting Financial Analyst and/or Project Manager.
• Inquisitive, analytical, and able to make recommendations supported by research and analysis.
• Excellent organization and project management skills with a strong attention to detail.
• Ability to multi-task, prioritize and track many tasks at once.
• Ability to work independently, take strong initiative and be a resourceful self-starter.
• Comfortable with moderate travel for site visits and acquisition due diligence.
• Superior communications skills in speech, writing and presentation.
• Strong management and leadership skills, ability to work in a team-oriented atmosphere.
• Acute attention to detail and accuracy
• Ability to maintain professionalism and confidentiality
• Minimum of 5–10 years of multifamily asset management, acquisitions, development, or related real estate experience, with demonstrated responsibility for asset-level business plan execution and investor reporting.
• Professional, passionate, energetic, self-starter, that can fit in a fast-paced, entrepreneurial environment.
• Bachelor's Degree required. MBA or Master of Real Estate Development is preferred.
• Must pass a comprehensive background check (possibly credit as well) to qualify for the position

Where to Apply:

Interested candidates please submit a cover letter, resume and sample writing to: Teresita Montesinos - tmontesinos@thecalidagroup.com. A computer skills test will be administered during the interview process.