Asset Management Associate

Overview

A career at RSE Capital Partners (an affiliate of Fundrise) offers countless ways to make an impact in a fast-growing organization. Since our launch, Fundrise has successfully funded the first public crowd equity real estate offerings in the U.S, raised approximately $550 million from an impressive network of local and accredited investors, and garnered the attention of media ranging from The Atlantic Cities to The Wall Street Journal.  

RSE Capital Partners has an immediate opening in our Washington D.C. office for a full-time Asset Management Associate. Candidates for this position must be individuals with 1-3 years of experience in real estate asset or property management.

A successful candidate will have exceptional communication skills and a strong work ethic. We are looking for highly motivated individuals who thrive in a dynamic, team-based environment with the initiative to work independently. Positive, team-oriented attitude required. Attention to detail and analytical capabilities a must. Competitive salary and benefits, EOE.

Responsibilities

The asset management associate will work closely with the head of asset management and other team-members to:

• Develop and maintain robust relationships with joint venture investment partners and debt investment borrowers (collectively, “sponsors”)
• Work with various departments to improve internal and external communication regarding assets, portfolio data management, and workflow process improvements
• Work with sponsors and third-party consultants, as applicable, to ensure compliance with financial covenants, operating agreements, loan agreements, budgets, business plan/property strategy, third-party agreements, etc.
• Review and approve sponsors’ business plans, operating budgets, development budgets, etc. as applicable
• Review operating performance and financial reporting and highlight potential opportunities and/or issues
• Review and approve equity capital calls, construction loan draws, and distribution calculations
• Conduct quarterly investment valuations (includes updating key market data such as sales comps, valuation rates, as well as operating performance information)
• Perform Hold/Sell and portfolio level analyses as needed
• Prepare reports to Investment Committee and investors as necessary
• Assist with the disposition process including interview and selection of sale broker, review of offering materials, negotiation of purchase and sale contract, processing of Investment Committee approval, loan payoff, etc.

Requirements

• Bachelor’s Degree
• 1-3 years of experience in real estate asset or property management
• A working understanding of real estate investment principles, pro-formas and valuation methods, and strong Excel modeling skills. 
• Superior written and verbal communication, and interpersonal skills
• Outstanding organizational skills
• Must be self-directed, able to work independently, as well as work in a team-oriented and fast paced environment
• Intellectually curious, creative, and collaborative