Senior Asset Management Associate – Multifamily

Arizona

Location

Arizona

Job Type

Permanent

Reference

70082

Job Summary

Our client, a well-capitalized Multifamily private equity firm in Phoenix, are seeking a Senior Asset Management Associate as they continue to expand their Arizona portfolio. Reporting directly into the managing partners, the Senior Asset Associate will lead the entire (stabilized and cash flow+) portfolio, currently valued at $380M+ AUM.

THE OPPORTUNITY

The Senior Associate Management Associate will entail direct oversight, implementation, and execution of business plans for multifamily assets located throughout the state of Arizona. This position will become a critical part of the team and work directly with the principals of the company along with 3rd party management and assume various significant responsibilities.


ROLE RESPONSIBILITIES

  • Act as a liaison between company principals, property management both on site and off site, project oversight to ensure all are working in unison to execute business plans for each property.
  • Monitor and oversight of each property’s business plan’s progress and proactively identify and address potential issues, potential opportunities for improvement, staffing, marketing, capital expenditures, and manage timelines efficiently.
  • Collaborate with company principals to establish key performance indicators for liquidity events such dispositions, refinances, and supplemental loans.
  • Working directly with 3rd party management’s regional, onsite, and construction managers on property performance, budgets, and projects.
  • Reviewing and approving annual budgets for each property in the portfolio.
  • Be an active participant in weekly asset management calls/meetings which include review of financials, occupancy, renewals, and ongoing projects.
  • Assisting with writing quarterly investor updates.
  • Performing and coordinating tours with capital partners as needed.
  • Help perform due diligence on for new acquisitions, refinances, and sales for the portfolio.
  • Help facilitate post-acquisition transition into the portfolio.
  • Performing monthly site visits to each property.
  • Evaluate building presentation.
  • Evaluate staff and making suggestions for staffing changes.
  • Monitor construction or special projects progress to ensure timing, budget, and overall goals are met.
  • Perform monthly rent comparables analysis for the portfolio.
  • Track market fundamentals (Development pipeline, absorption, vacancy, rent growth etc.) to identify both potential issues and opportunities for further portfolio expansion.

REQUIREMENTS
  • 4-year college degree; BS/BA
  • 3-7 years of Multifamily Asset Management experience
  • Strong financial acumen

ON OFFER
  • Generous base salary
  • Annual bonus
  • Opportunity to invest in deals
  • Upward mobility and direct access to leadership
Miranda Malone

U.S.

Miranda Malone

Associate Vice President

Apply Now

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