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Bellville, Texas Michael Page

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Summary

Michael Page has partnered with a growing real estate investment and development firm specializing in Multifamily assets throughout USA. Due to sustained growth our client is seeking a highly experience Multifamily Asset Analyst to join their team at the Associate / Senior Associate level with a direct report to the senior management team including partners and owners.

Client Details

Austin based Multifamily development firm.

Description

This is a fantastic opportunity to help build out an asset management platform and lead a portfolio of assets worth over $800MM.

Focusing on the firms assets throughout Texas and multiple other states the asset manager will be

responsible for the day to day operations of all multifamily assets. Having a hands on approach to this is key and the asset manager will be required to make regular site visits. Alongside this your dial roles and responsibilities will include but no be limited to:

  • Maximize total ROI for all assets and assessing where to add value and improvements to current and existing assets.

  • Provide direction (leadership) and oversight of business plans, budgets, forecasts, leases, analysis and approvals.

  • Working in a collaborative fashion with third-party property managers, lease administrators, leasing agents, legal counsel, auditors and accountants.

  • Works with construction management to create a vision for the capital improvements to the asset

  • Tracks lender mandated reporting and covenants such as debt service ratio coverages.

  • Develop and distribute periodic asset management reports to investors, consultants and other partners

  • Negotiate third party contracts.

  • Participates in the annual budget process.

  • Analyze weekly and monthly operating reports from property managers

  • Understand different financial evaluation methods related to valuation and performance of real estate (such as IRRs, NPVs, WACCs, etc.)

  • Analyze market and submarket comps and track against portfolio performance

  • Prepare reports for lenders, institutional partners, and the Investment Committee using PowerPoint and Adobe suite

  • Manage asset management files and records

  • Work with Acquisitions team to develop asset business plans

  • Assist the Director of Asset Management

  • Ensure adherence to policies and procedures to maintain effective internal controls

  • Assist in operational takeovers and property manager transitions

Profile

  • Bachelors degree in finance, accounting or real estate focused industry

  • 5 + years of Multifamily real estate asset management experience.

  • Strong lease administrative and hands on asset management experience.

  • Experience with managing over a significant portfolio of Class A multifamily Assets

  • Financial modeling and excel capabilities

  • Experience in site leadership managing over property managers, vendors and maintenance professionals on multifamily sites

Job Offer

In return my client are offering a fantastic benefits package that includes market leading salary, bonus and additional benefits.