Asset Management Associate

Position Summary :

The Asset Management Associate is responsible for monitoring and maximizing an assets performance and ensure it meets or exceeds the business plan for build-for-rent projects. The associate work closely with the Property Manager to ensure they are carrying out the Company’s objectives, vision, and financial performance. Duties will include analyzing project operational and financial reports, creating and monitoring operating metrics, recruiting Property Managers and conducting market research on demographic trends and competition’s performance. The Associate will be responsible for the implementation of the Company’s specifically design program for each asset as it relates to project marketing / branding, amenities, project culture and ensuring the Company’s mission, values and goals are communicated to the ultimate customers. The Company works as a dynamic team so although the role requires a focus on these duties, you may be asked to take on variety of unrelated duties to support other team members to ensure successful execution of real estate projects and carrying out the corporate mission.

Primary Accountabilities : Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of this position.

• Analysis : Evaluate and meticulously analyze operating and financial reports provided by Property Managers to identify mistakes, deviations from pro forma projections or areas for improvement.
• Optimization : Identify creative ways to maximize an assets value in accordance with the pro forma and beyond the original projections such as strategic or capital improvements.
• Recruitment and Vetting : Source and vet Property Managers, Marketing companies and other vendors required to execute each project’s business plan.
• Program Implementation & Enforcement : Implement the Company’s and each specific project’s program & strategy to ensure it meets the business plan expectations and creates the desired culture and feel for each community. Work with marketing companies and property managers to achieve a specific branding program that drives tenant retainage and targeted customers.
• Operating Metrics : Establish and manage corporate scorecards of operating metrics that allow leadership to track the performance of assets across the portfolio.
• Reporting : Generate detailed financial, operating and market research reports for leadership, investors and lenders as needed.
• Research : Maintain a continuous pulse on market conditions and trends by conducting extensive research and presenting it to the team members. Work with Acquisitions to maintain a database of comps and their performance, qualities and features. Track transactional data too.
• Site Feasibility : Provide input based on performance of assets and market research to the Acquisitions team in their underwriting and pro forma creation process.
• Broker Relations : Source, vet and manage brokers in the asset sales process. Gather anecdotal data from the brokerage community about transactions and performance of assets in the sector.
• Debt & Equity Relations : Participate in meetings with investors and lenders and provide docs or data upon request and present oneself professionally.

Qualifications / Skills & Abilities :

Minimum Requirements :