What are the responsibilities and job description for the Portland, OR - Director of Asset Management position at Get It - Finance?
Position Overview
The Director of Asset Management will be responsible for overseeing a diverse range of affordable and market-rate properties, encompassing both company-owned assets and those managed on behalf of partners. This pivotal leadership role will engage with all phases of the real estate investment cycle, including acquisitions, dispositions, leasing, construction, operations, equity and debt financing, as well as cash flow management and financial analysis and reporting. The incumbent will collaborate closely with senior executive team members, including the Chief Operating Officer, Vice President of Property Operations, Chief Financial Officer, Vice President of Real Estate, and Vice President of Acquisitions.
Key Responsibilities
We are committed to fostering a dynamic work environment that empowers personal and professional development. Our team is dedicated to excellence in property management, providing ample opportunities for career advancement and leadership roles within the organization.
Company Culture and Values
Our organization values a supportive and inclusive workplace where individuals can excel both professionally and personally. We take pride in our commitment to community building and excellence in property management, encouraging collaboration and continuous growth among our team members.
Compensation And Benefits
Employment Type: Full-Time
The Director of Asset Management will be responsible for overseeing a diverse range of affordable and market-rate properties, encompassing both company-owned assets and those managed on behalf of partners. This pivotal leadership role will engage with all phases of the real estate investment cycle, including acquisitions, dispositions, leasing, construction, operations, equity and debt financing, as well as cash flow management and financial analysis and reporting. The incumbent will collaborate closely with senior executive team members, including the Chief Operating Officer, Vice President of Property Operations, Chief Financial Officer, Vice President of Real Estate, and Vice President of Acquisitions.
Key Responsibilities
- Formulate and refine asset management strategies tailored to the property portfolio.
- Conduct comprehensive financial analyses, devise business plans, and oversee significant capital improvement initiatives.
- Manage substantial property renovations while supervising the disposition and marketing of assets.
- Evaluate and implement financing strategies for owned properties.
- Oversee joint venture partnerships to ensure goal alignment and achievement of milestones.
- Lead capital partner reporting and facilitate investor buyouts and exits.
- Develop and execute investment strategies aimed at maximizing property income, cash flow, and long-term value.
- Monitor and analyze market trends, demographic shifts, and economic drivers to inform investment decisions.
- Collaborate with property management leadership to ensure operational excellence across the portfolio.
- Partner with acquisitions and development teams to assess market conditions, property enhancements, and strategic growth opportunities.
- Support organizational growth through acquisitions, development projects, and investment activities.
- Spearhead restructuring, refinancing, and workouts while maintaining strong relationships with lenders and equity partners.
- Communicate portfolio performance, trends, and critical insights to senior leadership.
- Represent the organization at industry associations and networking events to remain informed of best practices and emerging trends.
- Extensive background in affordable housing and multifamily real estate.
- Comprehensive understanding of the Western U.S. real estate market, including supply and demand dynamics.
- Proficiency in analyzing complex real estate transactions beyond mere financial metrics.
- Strong analytical and quantitative skills, particularly in Excel.
- Experience in managing development projects, major property renovations, and asset repositioning.
- Familiarity with engaging lenders and joint venture partners during construction and repositioning phases.
- Exceptional written and verbal communication skills.
- Ability to thrive in a collaborative team-oriented environment.
- A Bachelor's degree is required; a graduate degree is preferred.
- A minimum of 10 years of experience in the multifamily real estate sector, including roles of leadership.
- Demonstrated asset management experience within a real estate investment firm or institutional ownership context.
- Strong institutional ownership perspective with experience acting in a principal capacity.
- A financially driven approach complemented by robust analytical capabilities.
We are committed to fostering a dynamic work environment that empowers personal and professional development. Our team is dedicated to excellence in property management, providing ample opportunities for career advancement and leadership roles within the organization.
Company Culture and Values
Our organization values a supportive and inclusive workplace where individuals can excel both professionally and personally. We take pride in our commitment to community building and excellence in property management, encouraging collaboration and continuous growth among our team members.
Compensation And Benefits
- Compensation will be commensurate with experience.
- Benefits include:
- Medical, vision, and prescription insurance
- Dental insurance
- Medical and dependent care FSA
- Transit and parking FSA
- Life and AD&D insurance
- Long-term disability coverage
- Employer-matched 401(k)
- Paid vacation, sick leave, and holidays
- Employee assistance program
Employment Type: Full-Time
