Vice President Asset Management

Baron Property Group (BPG) is a vertically integrated real estate development and investment firm. Leveraging over 30 years of real estate experience, BPG develops residential and commercial properties nationwide with an emphasis in New York and Miami.

BPG focuses on developing best in class assets in both emerging and established locations. The firm also prides itself on its many relationships with both partners and lenders, all of whom are instrumental in the company’s success. 

Position Summary:

This role will be responsible for asset management of BPG’s current pipeline of Multifamily development projects totaling over 3,500 units across NYC and Miami. Responsibilities include financial review and reporting, leasing/revenue analysis and reporting, due diligence with Acquisitions/Investments, budget preparation, draw request overview and reconciliation, and assisting with financing decisions.

The ideal candidate has experience in Multifamily Asset management, strong analytical and financial modeling skills, ability to decipher financial data to effectively review and evaluate operational and investment opportunities. Required to have the ability to assess and help drive the performance of assets in the BPG multifamily portfolio. Must be able to work independently with minimal supervision and thrive in an environment that is highly entrepreneurial, both strategic and creative. Requires rapid learning, multitasking and prioritizing under tight deadlines. The position is headquartered in NYC but some travel is required as BPG has a large concentration of assets in Miami.

Primary Duties and Responsibilities:

• Directly responsible for a portfolio of institutional-quality multifamily properties.
• Prepare and execute strategic annual business plans.
• Oversee property management teams, and perform regular site visits and market tours.
• Provide input on potential acquisitions, including review of financial and operational assumptions.
• Work with joint venture partners, understanding rights, JV docs, structure, and portfolio strategy.
• Review draw requests and oversee development assets through third-party lease-up and stabilization, working closely with BPG’s development team and consultants.

Skills and Competencies:

• All candidates must have a BA or BS degree from an accredited institution, preferably in real estate, finance, business, accounting, economics or related area. Must have strong academic credentials.
• Candidates should have 5-7 years of direct real estate industry experience including specific multi-family asset management experience.
• Experience in managing development deals a strong plus.
• Computer proficiency with a strong working knowledge of Microsoft Excel, PowerPoint, Outlook and Word as well as Adobe Acrobat.
• Strong writing skills as well as verbal interpersonal/communication skills.
• Strong quantitative skills and demonstrated analytical and problem-solving ability.
• Strong organizational skills and attention to detail including an editing eye, with the ability to prioritize and manage multiple projects simultaneously.
• Strong negotiating skills with the ability to navigate nuance and complexity.
• Ability to function both in a team-oriented setting, and independently.
• Strong sense of personal motivation, accountability, responsibility, and entrepreneurship.
• Experience communicating with clients, joint venture partners, construction consultants, brokers, legal and risk management professionals.

Travel:

Some travel required for property visits and market tours.

Compensation: 

BPG considers multiple factors to determine compensation, including a candidate’s level of education, training, qualifications, and experience. This position offers a base salary range of approximately $150,000 to $200,000 depending on the preceding factors. In addition, this position is eligible for a discretionary bonus and to participate in various benefit plans, including medical, dental, vision, life, disability insurance, and 401K, in each case in accordance with the terms of the applicable plans.