VP/Director of Asset/Property Management

Job Description

Job Description VP/DIRECTOR OF ASSET/PROPERTY MANAGEMENT

Our client is currently seeking a VP/Director of Asset/Property Management to oversee a portfolio of multifamily assets. The role offers autonomy within a collaborative environment, supported by an analyst/associate. The ideal candidate should possess qualitative and quantitative skills and strong analytical, communication, and critical thinking abilities.

WHAT YOU'LL DO

• Manage a portfolio of institutional-quality multifamily properties across various markets by commingled funds and separate account clients.
• Develop and execute strategic business plans and appraisal projections for core, value-add, and development properties.
• Oversee property management teams and conduct site visits and market tours.
• Provide input on potential acquisitions and assist in the disposition process.
• Collaborate with joint venture partners and other stakeholders, including managing development assets and mixed-use leasing opportunities.
• Work with venture partners, JV docs, and portfolio strategy.
• Review draw requests, oversee development assets through lease-up and stabilization.
• Work closely with the multifamily team and asset managers across offices.
• Lead and develop a team of analysts and associates.

WHY YOU MATTER

• Create and implement business plans that align with the investment goals.
• Analyzing market trends, identifying opportunities for value enhancement, and making informed decisions to maximize returns.
• Deep understanding of financial analysis, including budgeting, forecasting, and performance reporting.
• Adept at controlling expenses, optimizing revenue streams, and maximizing the property's net operating income (NOI).
• Accurately assess the financial health of the asset and identify areas for improvement.
• Anticipate potential challenges and take proactive measures to mitigate risks.
• Informed about market conditions, regulatory changes, and industry best practices.
• Identify and implement strategies to increase the property's value, such as renovations, upgrades, and improved amenities.
• Focus on enhancing the tenant experience to improve occupancy rates and resident retention.

WHAT IT TAKES

• 8-10+ years of direct experience in real estate, specifically in multifamily asset management.
• BA of BS in Finance, Accounting, or Economics - mandatory.
• Development deal management experience.
• Proficiency in multifamily property software like AppFolio, Entrata, RealPage, Rent Manager, Yardi Voyager.
• Proficiency in Microsoft Excel, PowerPoint, Word, Outlook, and Adobe Acrobat.
• Strong critical thinking, analytical, writing, verbal communication, and negotiation skills.
• Excellent organizational skills with attention to detail and the ability to manage multiple projects.
• Ability to work both independently and within a team.
• Excel in client, joint venture partners, construction consultants, brokers, lead, and risk professional communication.
• Strong interpersonal and client communication skills.