What are the responsibilities and job description for the Asset Manager position at Capital Square Living?
Reports to
EVP of Asset Management
Company Overview
Headquartered in Richmond, Virginia, Capital Square is a vertically integrated national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts (DSTs) for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $7.8 billion in transaction volume. Capital Square’s eight most recent mixed-used development projects total approximately 2,000 apartment units with a total development cost in excess of $590 million, and Capital Square Living, the firm’s property management division, now manages over 10,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors.
Recognized by Inc. 5000 as one of the fastest growing companies in the nation for seven consecutive years, and among the Top 100 Inspiring Workplaces of North America, Capital Square raises capital, buildings and expectations. Learn more at CapitalSq.com.
Summary
Based in Richmond, VA, the Asset Manager will be responsible for the financial performance of a diverse portfolio of real estate assets. Key responsibilities include strategic planning and execution of investment business plans, appropriate competitive market positioning of the asset, driving occupancy increases through strong leasing efforts and programs, financial analyses, expense control and management, dispositions, acquisition due diligence, and investor relations and reporting. Property types include multifamily, healthcare, office, industrial, retail, and manufactured housing.
Portrait of An Asset Manager
8:30 am – 5:00 pm
Work Location
Office based & some travel required
Compensation & Benefits
At Capital Square, we believe in creating a diverse and inclusive workplace that reflects the communities we serve. We are committed to providing equal employment opportunities to all individuals, regardless of race, color, religion, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other characteristic protected by law.
We celebrate differences, value unique perspectives, and strive to create a culture where everyone feels empowered to contribute their best. If you need assistance or accommodations during the application process, please don’t hesitate to let us know.
EVP of Asset Management
Company Overview
Headquartered in Richmond, Virginia, Capital Square is a vertically integrated national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts (DSTs) for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $7.8 billion in transaction volume. Capital Square’s eight most recent mixed-used development projects total approximately 2,000 apartment units with a total development cost in excess of $590 million, and Capital Square Living, the firm’s property management division, now manages over 10,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors.
Recognized by Inc. 5000 as one of the fastest growing companies in the nation for seven consecutive years, and among the Top 100 Inspiring Workplaces of North America, Capital Square raises capital, buildings and expectations. Learn more at CapitalSq.com.
Summary
Based in Richmond, VA, the Asset Manager will be responsible for the financial performance of a diverse portfolio of real estate assets. Key responsibilities include strategic planning and execution of investment business plans, appropriate competitive market positioning of the asset, driving occupancy increases through strong leasing efforts and programs, financial analyses, expense control and management, dispositions, acquisition due diligence, and investor relations and reporting. Property types include multifamily, healthcare, office, industrial, retail, and manufactured housing.
Portrait of An Asset Manager
- Entrepreneurial
- Strong and effective manager of, and collaborator with, in-house and third-party team members
- Professional demeanor
- Problem solver
- Resourceful
- Self-starter with a high level of initiative
- Able to take direction
- Strong organizational skills
- Able to multi-task and juggle multiple projects
- Effective and efficient communicator, both verbally and in writing
- Impeccable follow through
- Versatile and flexible to willingly take on additional responsibilities and assignments
- Effectively manage the financial performance of an assigned portfolio through each property’s lifecycle, maximizing value and cash flow through effective leadership, management, and decision-making.
- Maximize portfolio occupancy and NOI
- Collaborate with property management teams to execute business plans
- Administer compliance with loan agreements
- Completion of annual operating and capital budgets
- Manage and execute capital projects
- Timely complete quality lease transactions through third-party brokers and through direct negotiation
- Contribute to retention and growth of assets under management
- Assist with special projects
- BA/BS degree required
- CPM, RPA, or CCIM a plus
- Minimum of five (5) years of prior experience in asset management / property management with real estate company and a demonstrated progressive record of success and goal achievement
- Must possess a solid blend of qualitative, quantitative, analytical skills with the ability to produce, interpret, and act upon financial analyses including net cash flow and discounted cash flow.
- Technology proficient, including PowerPoint, Word, Excel, and accounting software use such as Yardi or MRI.
- Must be i) well organized, ii) a doer, iii) customer service oriented, iv) a good communicator, v) a good manager and leader, vi) able to make wise and effective decisions, vii) a good negotiator, and viii) a good team player that is able to work well with others to accomplish our mission and goals. In essence, the asset manager is the quarterback and leader of the assigned real estate portfolio.
8:30 am – 5:00 pm
Work Location
Office based & some travel required
Compensation & Benefits
- Competitive wage and Performance-Based Bonuses
- 100% Employee Paid Healthcare Premiums
- $35/Per Paycheck Cell Phone Reimbursement
- 120 Paid Time Off (PTO) Hours
- 20% Housing Discount
- Professional development opportunities
At Capital Square, we believe in creating a diverse and inclusive workplace that reflects the communities we serve. We are committed to providing equal employment opportunities to all individuals, regardless of race, color, religion, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other characteristic protected by law.
We celebrate differences, value unique perspectives, and strive to create a culture where everyone feels empowered to contribute their best. If you need assistance or accommodations during the application process, please don’t hesitate to let us know.
Salary : $35
