What are the responsibilities and job description for the Executive Vice President, Portfolio and Asset Management position at AvalonBay Communities?
Overview
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
The Executive Vice President, Portfolio and Asset Management (“EVP”) will be a proven and accomplished real estate executive with a track record of leading portfolio and asset management strategies. The successful candidate will be a business leader capable of understanding a complex real estate organization that operates across many locations and jurisdictions. They will have experience interacting with management teams, boards of directors, joint venture partners, and internal and external stakeholders.
Additional Qualifications Include
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We Offer
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we’ve established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term.
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
The Executive Vice President, Portfolio and Asset Management (“EVP”) will be a proven and accomplished real estate executive with a track record of leading portfolio and asset management strategies. The successful candidate will be a business leader capable of understanding a complex real estate organization that operates across many locations and jurisdictions. They will have experience interacting with management teams, boards of directors, joint venture partners, and internal and external stakeholders.
Additional Qualifications Include
- A minimum of 15-20 years of portfolio management, asset management, or investment experience working within real estate investment management, private equity, REIT or at an owner/operator/developer.
- Strategic mindset combined with a “hands-on” approach to portfolio and asset management. The ability to understand how to analyze risks and opportunities and develop recommendations on the best way to maximize value across multifamily and mixed-use investments.
- A detail-oriented, quantitative approach to the business with excellent financial analysis skills. Understanding of operating results, valuations, investment returns, and acquisitions and development proformas.
- Excellent communication and presentation skills. Ability to build and maintain positive relationships internally as well as with joint venture partners, third-party service providers, and the broader real estate industry.
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We Offer
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
Vice President of Asset Management
Housing Opportunity Com -
Kensington, MD
Vice President, Product Development & Portfolio Management
MacroGenics -
Rockville, MD
Vice President, Credit Risk & Asset Management
Climate United FUND -
Bethesda, MD
