Asset Manager

Job Description

Formed in 2009 by Elie Rieder, Castle Lanterra (CL) is a privately held real estate investment company focused on repositioning multifamily communities, acquiring quality, new-construction properties and pursuing emerging investment opportunities in strategic growth markets throughout the United States. Through its CL Credit Opportunities platform, headed by industry veteran James Glasgow, the firm is focusing on the origination and acquisition of mezzanine and preferred equity. Mr. Rieder has bought and sold tens of thousands of residential units throughout the United States and is also responsible for managing his family office, which is diversified across asset classes. With an emphasis on intrinsic value and downside protection and a focus on achieving stable cash flows by implementing physical and operational enhancements, CL aims to maximize NOI and provide attractive risk-adjusted returns for its investment partners. Since inception, CL has completed over $3 billion of transaction volume across 12,000 multifamily units and over 890,000 square feet of commercial space.

Key Responsibilities:

1. Portfolio Management:

   • Monitor and analyze property performance, including occupancy, rental rates, income, and expenses.

   • Conduct regular property inspections and collaborate with property management teams to ensure operational efficiency and tenant satisfaction.

   • Evaluate capital improvement projects and make recommendations to enhance property value.

2. Financial Analysis:

   • Prepare detailed financial models to assess property performance, investment returns, and potential risks.

   • Analyze market trends, competitive properties, and economic indicators to inform investment decisions.

   • Monitor budgets, forecasts, and financial reports to track variances and identify areas for improvement.

   • Conduct sensitivity analysis and scenario planning to assess the impact of various factors on portfolio performance.

3. Investor Relations:

   • Prepare investment updates, presentations, and reports for investors and senior management.

   • Collaborate with investor relations teams to support capital raising efforts and investor communications.

4. Risk Management:

   • Identify and mitigate risks associated with property investments, including market fluctuations, regulatory changes, and operational challenges.

   • Develop contingency plans and risk mitigation strategies to protect the portfolio against potential threats.

5. Relationship Management:

   • Collaborate with internal teams, including acquisitions, construction, accounting and property management, to align strategies and objectives.

Qualifications:

• Bachelor's degree in Real Estate, Finance, Business Administration, or related field.

• 5+ years of experience in real estate asset management, with a focus on multifamily properties.

• Strong financial acumen, including proficiency in financial modeling, valuation techniques, and investment analysis.

• Excellent communication skills, with the ability to articulate complex concepts clearly and concisely.

• Demonstrated ability to manage multiple projects simultaneously and prioritize tasks effectively.

• Strategic thinker with a proactive approach to problem-solving and decision-making.

• Proficiency in real estate software and tools (e.g., Yardi, Excel) is preferred.