Asset Manager

Job Description

Company

The Company is a dynamic and versatile commercial real estate developer and investor dedicated to pursuing opportunities through a multifamily investment platform specializing in the acquisition, renovation, and asset management of value-add, student housing, and existing core-plus multifamily communities across select U.S cities. The Company also targets unique credit opportunities in the multifamily space.

Location

Dallas, Tx

Role

The Asset Manager will report to the Managing Director and Chief Operating Officer as a member of the team that oversees the portfolio, primarily consisting of multifamily investments. This is a support function with responsibilities to include monitoring the assets; establishing and maintaining relationships with outside parties (property managers, contractors, partners, vendors, etc.); formulating and executing business plans for assets; and oversight of operational issues.

Responsibilities

The Asset Manager will focus on preserving and enhancing asset performance. The primary responsibilities include, but are not limited to :

• Review and analyze property operational and financial reports to ensure income and expense performance, revenue growth, and expense control.
• Review and assist with annual budgets from property managers, including capital plans.
• Formulate and execute business plans for each property.
• Develop and implement capital improvement strategies.
• Review monthly reports from property managers / accounting, including operational issues, prepare internal reports regarding operations where needed.
• Work with attorneys on all documentation and any legal issues.
• Evaluate insurance needs for each property and work with internal and external teams to obtain appropriate insurance.
• Assist with the delivery of new and improved assets to the portfolio. Ensure efficient receipt and transition of assets.
• Assess and report financial performance of assets.
• Assist in due diligence process on acquisitions and dispositions.
• Partner with owner, vendors, property managers, brokers, and contractors to ensure effective management of properties.
• Monitor ongoing business activity and recommend improvements to properties, policies, and practices.
• Some travel is expected.

Qualifications