Director of Asset Management – Multifamily
Job Summary
Our client, a well-capitalized Multifamily private equity firm in Phoenix, are seeking a Director of Asset Management as they continue to expand their Arizona portfolio.
Reporting directly into the managing partners, the Director will lead the entire portfolio, currently valued at $400M+ AUM.
THE OPPORTUNITY
The Director 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.
- 4-10 years of Multifamily Asset Management experience.
- Strong financial acumen.
ON OFFER
- Generous base salary.
- Annual bonus.
- Casual dress code.
- Upward mobility and direct access to leadership.
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