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Providence Real Estate

Asset Manager

Salary
Competitive
Employment
Full Time
Real Estate Field
  • General Management / C-Suite
Location
Glenview
 IL
Postal Code
60025
Country
United States

This job is no longer active.

Description


Providence Real Estate, a leading Chicago-based multifamily owner operator and fund manager specializing in nationwide investments for institutional and private investors is currently recruiting for a Multifamily Asset Manager.  Providence was founded in 1985 and has acquired approximately $1.5 billion of assets throughout the U.S. We offer a competitive salary and benefits program, paid time off, 401(k) with company match and much more!  

 

KEY RESPONSIBILITIES/ DUTIES:

Asset and Portfolio Monitoring and Optimization

Property and Portfolio Strategy

Drive the Providence investment strategy, value creation and outperformance through direct strategic and tactical oversight of property operations, leasing and capital deployment  


Business Plan Execution

Develop, communicate, and effectuate the Providence annual business plans through actively coordinating property management, leasing, accounting, legal, appraisal, tax, research personnel as well as third-party consultants  


Capital Improvement Oversight

Evaluate and oversee capital improvements and value add strategies, with specific knowledge in the execution of interior unit renovation plans  


Asset Performance Monitoring

Measure and monitor asset performance against a variety of benchmarks including; Providence objectives, pro-forma metrics, budget and market comparables  


Market Analysis

Understand current market trends related to the demographics, job growth, economic drivers and product supply that affect a portfolio and act on them  


Property Inspections

Perform regular market visits and property inspections for assigned assets; frequent, independent travel required  


Acquisition and Disposition Execution

Collaborate with acquisition and disposition teams throughout the life of an asset to communicate and achieve Providence investment objectives

 

Communications

Joint Venture Partner Relationship Management

Manage key equity joint venture partner relationships acting as the primary point of communication both internally and externally  


Fund Investor Communications

Manage regular fund communications, including quarterly informational newsletters and periodic investor conference calls  


Internal Communications

Facilitate and manage the flow of information between property management, acquisitions and corporate management  


Skills/Competencies

  • Candidate should be a self-starter with proven communication skills and an ability to work within a team environment
  • Strategic thinking with an ability to execute tactically
  • Team player who demonstrates the ability to collaborate with employees throughout all levels of the organization
  • Experience in working with Revenue Optimization Systems (Yieldstar or LRO) is a plus
 

Qualifications/Experience

Position is based in Chicago's North Shore (Glenview) Minimum of:
  • 3 years' experience in the real estate industry
    • Preference is for experience in asset management
    • Preference is for experience in the multifamily industry
  • A Bachelor's degree is required
  Providence Real Estate is a Drug Free Workplace and an Equal Opportunity Employer For more information, or to apply now, you must go to the website below. Please DO NOT email your resume to us as we only accept applications through our website.

Job Function


  • Asset Management
 

Job Sector


Not specified

 

Experience


2+ to 5 years


This job is no longer active.

 
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