What are the responsibilities and job description for the Director of Asset Management position at Guardian Management?

Guardian is seeking an experienced Director of Asset Management to join our team of high-quality professionals working in the Oregon Real Estate Services and Property Management Industry.

The Asset Manager role is based in our Portland, Oregon office and is not a remote-based position.

Position Description :

The Director of Asset Management will oversee a portfolio of affordable and market-rate properties : 35 Guardian-owned properties, and 25 properties for a Guardian partner. This individual will lead the Asset Management function in all disciplines of the real estate investment cycle, including acquisitions & dispositions, leasing, construction, operations, equity and debt financing, cash flow, and financial analysis and reporting. The Vice President will be expected to perform rigorous, thoughtful, and accurate analysis to effectuate the business plans which will be unique to each investment. The role will work closely with all senior leadership members including the COO, Vice President of Property Operations, Chief Financial Officer, Vice President of Real Estate, and Vice President of Acquisitions.

Compensation : Depends on experience.

Benefits : Medical / Vision / Prescription Insurance, Dental Insurance, Medical / Dependent Care FSA, Transit / Parking FSA, Life / AD&D Insurance, Long Term Disability, Employer-matched 401-K, Vacation, Sick Time, Paid Holidays, Employee Assistance Program.

Schedule : 40 hours / week, Monday - Friday, 8 : 00 AM - 5 : 00 PM.

Requirements :

An undergraduate degree is required. Graduate degree strongly desired. Minimum of 10 years of work experience in the multifamily industry; should include leadership experience. The individual must possess the following knowledge, skills and abilities and be able to explain and demonstrate that he or she can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of skills and abilities.

Prior experience in multifamily real estate asset management of a diversified real estate owner or institutional real estate investment firm is essential.
Prior experience in affordable housing required.
Working knowledge and direct experience within the Western US markets including supply and demand, players in the marketplace, overall economics, etc. Will ideally also have strong contacts and presence within the market.
Possess an intuitive and detailed sense of the dynamics and risks of each transaction with the ability to "look beyond the numbers" when charting the course for an investment undermanagement. This candidate should have experience proactively looking at broader trends and research to forecast such effects on their specific investments as well as sectors for which they are responsible.
Demonstrates a strong institutional ownership perspective and experience and deliver a principal's perspective and outlook in its approach to the business.
Strong analytic and quantitative skills with a financially driven approach to the business including confidence in working with Excel analysis.
Meaningful experience with development and / or substantial repositioning of assets and property dispositions (not just experience with long-term hold, stabilized assets).
Experience in working with lenders and joint venture partners through a construction and / or repositioning process is helpful. Knowledge of development and construction is helpful to work effectively with development and / or redevelopment projects that Guardian pursues.
Demonstrated ability to provide vision and leadership
Excellent Microsoft Office capabilities including advanced Excel skills
Exceptional written and verbal communication and organization skills
Demonstrated capability to interface and maintain effective relationships with all departments and employees in a team-oriented environment

Essential Duties & Responsibilities :

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily with or without reasonable accommodations.

Review and enhance / re-create the guidelines and approach for asset management of the properties within the portfolio.

Sole responsibilities for a portion of the asset management portfolio.

Develop hold / sell analyses and annual business plans, determine the cost / benefit of major capital improvement projects, and manage various asset management issues.

Oversee major renovation programs for multifamily properties.

Oversee the disposition and marketing of assets designated for sale.

Evaluate and coordinate with the President the financing strategy of owned assets within the portfolio.

Calculate and manage owner cash distributions.

Oversee various joint venture partnerships to ensure that Guardian and the third party asset management clients are meeting milestones as the Operating Partners according to plan and that all interests remain aligned.

Facilitate Limited Partner buyouts and exits.

Capital partner reporting.

Establish the investment strategy and business plan for each asset in the assigned portfolio with the objectives of maximizing property income, cash flow, and long-term value. Forecast income and expense projections, capital requirements, risk-return analysis, and hold / sell recommendations.

Become a market expert in geographies and property sectors on assigned properties and represent Guardian and its clients in the marketplace. Understand current and future trends in demographics, job growth, economic drivers, and product supply as well as any other market forces. Visit and review properties, regularly tour competing projects, and document changes as appropriate.

Collaborate closely with the Vice President of Property Operations to ensure consistent performance of property management.

Collaborate closely with the Vice President of Acquisitions and Development to thoroughly vet proposed rents and expenses, market understanding, level of finishes and capital required, and projected long-term viability. Will also work toward creating a living strategic plan as it relates to growth, portfolio breadth and structure, and capacity.

Help to advise on investment decisions to support the growth of the company and play an integral role in supporting acquisitions, development, and other investment activities.

Lead in the coordination and / or execution of workouts, restructures, and refinances and act as key communicator with lenders and equity sources. Spearhead all routine refinancing on properties owned by Guardian and its Asset Management Clients.

Maintain close coordination and communication with all parts of the organization and prepare reports and communication for Guardian's senior team and its Asset Management Clients to see and understand overall performance, trends, outliers, and prospective issues within the portfolio.

Work and interact with its peers within the multifamily and commercial directly and through industry associations to share and understand current best practices and approaches within the industry.

Guardian - Company Description

Guardian is a developer, owner, and operator of multifamily properties, providing innovative real estate solutions dedicated to community and housing for all. Based in the Pacific Northwest, our customer-focused team is committed to supporting and lifting the communities we serve. Since 2002, Guardian has developed or acquired 11,000 multifamily units and 350,000 square feet of commercial space. With more than 400 team members, our management portfolio consists of 125 communities across four states.

The Guardian Experience - Our People

Property Management is our strength. People have always been our passion. We are proud to have been recognized through employee surveys as a Top Workplace employer in 2022 and 2023. Our team is, and has always been, actively engaged in superior real estate management and enhancing the communities in which we live and work. The company is also an active contributor to a variety of housing and education causes, and in 2023, Guardian was named the Top Philanthropic organization for medium-size companies in its headquarters region. In this economy, companies come and go. As a third-generation, family owned firm, Guardian's growth and stability has evolved the company into a leading Pacific Northwest real estate management and investment firm.

Guardian Offers

In addition to competitive salaries, 401(k), Vacation, Sick Time, and paid Holidays, we offer a culture in which individuals work and participate in collaborative team environments and are encouraged to continue to grow both professionally and personally.

AAP / EEO Statement

This institution is an equal opportunity provider and employer.

If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form, found online at http : / / www.ascr.usda.gov / complaint_filing_cust.html, or at any USDA office, or call (866)632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, or by fax at (202) 690-7442.

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