What are the responsibilities and job description for the Vice President Asset Management position at AJ Capital Partners?
This role will be performed onsite in the Chicago office.
Adventurous Journeys Capital Partners (“AJCP”) is seeking a VP, Asset Management to drive asset and portfolio level performance and support its rapid growth across various investment platforms focused on the hospitality, mixed-use, and single-family rental sectors.
ABOUT AJCP
Adventurous Journeys Capital Partners is a vertically integrated real estate investment manager founded in 2008. The firm repositions real estate to build timeless, scalable businesses and brand platforms. We deliver returns on transformative real estate by applying placemaking, inspired design, and hospitality principles to spaces overlooked or undervalued by traditional investment firms. The firm’s current portfolio includes $5.3 billion of assets across 100 properties and 50 geographic markets. With a mission to humanize hospitality through handcrafted projects made by people for people, AJCP delivers spaces that evoke emotional connections and become backdrops for enriching life experiences. Our headquarters are in Nashville, with offices in Chicago, London, Miami, New York, San Francisco, and New Orleans.
ABOUT THE ROLE
The Vice President will be responsible for supporting the asset management team and ongoing oversight of AJCP’s various investment vehicles. The position will be a key member of a small and diverse-focused team located in Chicago or Nashville with exposure to the entire firm as well as senior leadership, working closely with acquisitions, capital markets, operations, construction, and accounting groups.
WHAT YOU WILL DO
- Perform asset management duties for the Graduate Hotels portfolio currently comprised of 35 properties across the US and UK - responsible for operational accountability, evaluating and driving property-level operating results, budgets, and forecasts while supporting and guiding a strategy for profit maximization;
- Drive and oversee alignment amongst development, portfolio management, capital markets, on-property and regional operations teams to execute business plan objectives;
- Prepare analyses in response to executive team, investor, or other internal requests (e.g. asset valuation, IRR, cash flows, etc.) and monthly, quarterly, yearly portfolio management deliverables, including country specific laws and regulations;
- Work closely with the senior management of AJ to execute on the portfolio and property-level business plan, capital deployment strategy and growth strategy. Includes optimizing all below-the-line GOP expenses including taxes, insurance, and leases and gaining operating efficiencies across the brand;
- Prepare presentations and reporting for investors and lenders and participate in equity partner reporting and communications;
- Oversee maintenance of financial models (in Excel) used for investment decision purposes and analyzing various ROI and re-investment strategies;
- Assist in coordinating and communicating with lenders, appraisers and consultants on financing matters;
- Maintain shared resource of asset management due diligence, legal and operating documents and coordinate with necessary internal groups;
- Responsible for pre-opening activities related to property under direct and indirect oversight;
- Onboard new investments into the asset management and portfolio management process.
WHO YOU ARE
AJCP is seeking a highly-motivated individual who enjoys working in a fast-paced, but disciplined, entrepreneurial environment. The ideal candidate will have extensive experience in real estate, hotel operations, investment strategy and life cycle. This role also requires the following capabilities :
YOUR QUALIFICATIONS
Required :
Preferred :
AJCP is an equal employment opportunity employer and complies with all applicable laws prohibiting discrimination based on an individual’s race, color, religion, religious creed, national origin, ancestry, citizenship, physical or mental disability, medical condition, genetic information, marital status, reproductive health decision-making, sex, gender, age, sexual orientation, veteran and / or military status, protected medical leaves, domestic violence victim status, political affiliation, or any other status protected by federal, state, or local laws. AJCP is dedicated to the fulfillment of this policy in regard to all aspects of employment, including, but not limited to, recruiting, hiring, placement, transfer, training, promotion, rates of pay, other compensation, termination, and all other terms, conditions, and privileges of employment.
In compliance with local law, we are disclosing the compensations, or range thereof, for roles that will be performed in Illinois. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of AJCP’s total compensation package for employees. Pay Range : $145,000-$225,000. Other rewards may include annual bonuses. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement savings plan, paid holidays and paid time off.
J-18808-Ljbffr
Salary : $145,000 - $225,000
