Description
Company Overview:
Our client is a real estate investment management company known for its vertically-integrated platform and
expertise in the multifamily sector. This organization is a people-focused investment manager with national
experience in U.S. residential real estate. With over 50 years of experience, they manage approximately $12
billion in real estate assets on behalf of their global institutional clients. Our client aspires to improve lives
through expert capital stewardship and exceptional living experiences. Their reputation for innovation and
prudence attracts residents in the U.S. and investors from across the nation and from around the globe.
Position Overview:
The newly created position of Assistant Vice President, Asset Manager will be responsible for the oversight,
performance, and management of investments in a portfolio of multifamily assets located in multiple markets
throughout the West, Southwestern and Central regions of the U.S. This position will ultimately be accountable
for creating and executing property business plans that maximize investment returns. This will include budget
reviews and approvals, performance reporting, oversight of major capital renovations, evaluation of rent pricing
strategies, and participation in acquisitions, dispositions, and property financings. The selected Assistant Vice
President will work collaboratively in a team environment with third parties and all facets of the Company
including members of the Portfolio Management, Accounting, Property Management, Acquisitions, Capital
Markets, Financing, Valuation, Research, and Legal teams.
Essential Responsibilities:
• Prepare and oversee the execution of Property Business Plans to optimize investment performance
• Participate in property-level decisions with the Portfolio Managers based on careful analysis and team
input, including hold/sell, rent pricing, property budgets, and capital expenditures
• Manage property dispositions and refinancing opportunities alongside the firm’s team members and
third-party legal counsel
• Work with acquisitions team to evaluate and onboard new investments from due diligence and
underwriting through closing
• Perform asset-level valuation reviews including property performance and capital deployment
effectiveness
• Develop excellent working relationships with all team members including JV partners, property
managers, project managers, and third parties
• Review and make recommendations on loan documents, purchase and sale agreements, operating
agreements, and vendor agreements
• Prepare financial models and property reporting packages
• Communicate investment status and plan to senior management and investors
• Visit markets and properties to validate business plan assumptions, monitor property operations, and
identify opportunities and issues to improve operations
• Stay informed on market information and work closely with our clients Research team to stay abreast
of their viewpoint and recommended course of action for each market they cover
Qualifications:
• 6+ years real estate investment/asset management experience, multifamily preferred
• Strong analytical skills and experience with financial modeling using Excel or Excel-based tools
• Solid understanding of accounting, real estate finance, and key investment metrics
• Experience in successfully implementing and overseeing value-add capital projects to achieve
significant ROI on multifamily assets
• Excellent written and verbal communication skills. Ability to clearly present investment status and plan
to senior management and investors
• Ability to produce excellent quality work that is thorough and accurate on a timely basis
• Works independently and with others; has complete ownership of work and projects
• Demonstrated flexibility to handle multiple projects in a fast-paced environment
• Team player who will work well with and seek input from members of other functional areas
Technical/ Educational Requirements:
• An MBA, Masters, or Bachelor’s degree in a relevant area is preferred
• Strong computer skills; experience with Excel, Word, and PowerPoint; experience with Yardi and/or
Argus a plus.
Physical Requirements: (amount of standing, walking, sitting, typing, lifting etc.)
• Stand and walk or sit alternatively depending on specific needs of the day
• Have occasional need to perform the following physical activities:
Bend/Stoop/Squat: Frequent need
Climb Stairs: Rare need
Push or Pull Reach Above Shoulder: Frequent need
• Constant need to perform the following physical activities:
Writing/Typing: Frequent need
Finger Dexterity: Frequent need
Grasping/Turning: Frequent need
• Lifting/Carrying (paperwork, deliveries, files, computers, miscellaneous):
20 lbs. - 25lbs.: Rare need
Less than 20 lbs.: Frequent need
Under 10 lbs.: Constant need
Vision Requirements: (Visual needs for the position – color, small details, inspections etc.)
• Constant need to complete forms, read and review reports and a wide variety of
correspondence, view the computer screen. Frequent need to see small detail.
Hearing Requirements: (Hearing needs for the position –telephone, meetings, etc.)
• Constant need to communicate over the telephone and in-person with corporate-level
employees.
Speaking Requirements: (Clarity, customer interaction, presentations, etc.)
• Constant need to communicate over the telephone and in person.
• Must be comfortable speaking to senior management.
Travel Requirements: (Travel needs for the position – from property to property, travel, etc.)
• 25-30% travel may be required.
Reasoning Development: (Low, Medium, High – for ability to apply logical thinking to defined problem
solving)
• HIGH. Must be able to apply principles of logical thinking to define problems, collect
pertinent data, establish facts, draw valid conclusions and initiate an appropriate course of action. Must
effectively convey ideas, images, and goals to a diverse group of
personalities.
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