What are the responsibilities and job description for the Asset Management - Vice President position at Stockbridge Capital Group LLC?
Vice President, Multifamily Asset Management
Atlanta, GA
Stockbridge is a real estate investment management firm led by seasoned senior professionals averaging 25 years of real estate industry experience. The firm was founded in 2003 and manages real estate equity investments across the risk spectrum within a variety of investment structures on behalf of U.S. and foreign institutional investors. Stockbridge has approximately $33.6 billion of assets under management spanning all major real estate property types, and certain specialty property types with an emphasis on residential and industrial space throughout the United States. The firm has offices in San Francisco, Atlanta, Chicago, Denver, Dallas, and Phoenix.
Opportunity and Position Summary :
This role is part of the Core and Value-Add ("CVA") platform, which includes both funds and separate accounts with asset strategies ranging from core to value-add to ground-up development. As a multifamily specialist, the Vice President will directly oversee a portfolio of assets across a number of markets, including : New York City, Philadelphia, Boston, Dallas, Houston, and the greater Washington metropolitan area. Additional markets may be added as the portfolio is projected to grow. The ideal candidate will enjoy autonomy while working in a collaborative environment. An analyst / associate will support the Vice President on all assets. The role requires both qualitative and quantitative skills, including strong analytics, critical thinking, and communication.
Primary Duties and Responsibilities :
- Directly responsible for a portfolio of institutional-quality multifamily properties held by commingled funds and separate account clients.
- Prepare and execute strategic annual business plans and ongoing appraisal projections for core, value-add and development properties.
- Maximize the portfolio's total return by identifying revenue enhancement strategies and implementing operational efficiencies.
- Become a market expert in the portfolio's various geographies, with a focus on competitive assets, supply pipelines, institutional sales, and regional economic growth drivers that may impact asset performance.
- Oversee property management teams, and perform regular site visits and market tours.
- Provide input on potential acquisitions, including review of financial and operational assumptions.
- Assist portfolio manager and capital markets team to position assets for sale and throughout the disposition process.
- Work with joint venture partners, understanding rights, JV docs, structure, and portfolio strategy.
- Review draw requests and oversee development assets through third-party lease-up and stabilization, working closely with Stockbridge's development team and consultants.
- For mixed-use assets, evaluate leasing opportunities and manage construction buildout.
- Collaborate with multifamily team and other asset managers across Stockbridge offices.
- Manage and develop a team of analysts and associates.
Skills and Competencies :
Travel :
Travel required for property visits and market tours.
Compensation :
Competitive - based on experience.
