What are the responsibilities and job description for the Regional Portfolio Manager position at Continental Realty Corporation?
Position : Regional Portfolio Manager for the Multifamily Division – based in Charlotte, NC
Role Overview
Oversee performance, asset management, and staff development for a portfolio of 4-6 communities throughout Charlotte and Greenville, SC. Serves as point-of-contact between ownership and onsite team members to implement necessary business plans.
Most Important Responsibilities
ONSITE OPERATIONS
- Ensures adherence to the approved annual budget through review of monthly variance reports, reclasses and accruals with necessary adjustments being recommended and implemented.
- Responsible for utilizing property management software reports to monitor, maintain and create action plans as needed to meet or exceed budgeted goals.
- Prepares and leads efforts associated with bank inspections, refinancing, appraisers and inspectors ensuring the readiness of the physical asset.
- Reviews and guides performance of related metrics (closing ratios, apartment turn times, etc.) as defined by the executive team.
- Reviews marketing and advertising activities to maintain appropriate traffic levels and makes necessary recommendations when appropriate.
- Maintains knowledge of local markets to be subject expert when called upon to make pricing recommendations and share other observations.
- Conducts frequent onsite assessments of the communities under management to confirm adherence to curb appeal standards.
- Participates in calls, emails and in-person meetings with all / any stakeholders when necessary.
- Main point-of-contact during acquisitions or disposition activities for internal and external parties.
- Ensures all company policies and procedures are being followed.
PEOPLE MANAGEMENT
OTHER DUTIES
Most Important Qualifications
CRC is a 60 year-old company with a best-in-class reputation as investors and operators. The firm is currently $4 billion in AUM. The current multi-family portfolio is roughly 10,000 units and includes Class A new product (30% / -), value-add (50% / -), and workforce housing (20% / -). The portfolio is located throughout the Mid-Atlantic and Southeast, with clusters in Baltimore and the Carolinas. CRC is a vertically-integrated investor / operator and not a services company providing third-party management services for non-CRC properties. With a 60 year history as owner-operators, CRC is focused on delivering exceptional investment results through nuanced and thoughtful business strategies, unique to each asset.
