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.
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