Multifamily Asset Manager Jobs

About the Company

The Company is a fast growing real estate investment firm focusing on the acquisition, asset management and redevelopment of affordable multifamily housing nationwide, as well as value-add and distressed real estate in select markets.

We are a meritocracy, with a firm belief in rewarding individuals purely based on exceptional performance and contributions to the team to further the objectives of the Company. We are building a team of driven individuals who appreciate a results oriented, but collaborative and casual environment.

About the Position

The Multifamily Asset Manager will be responsible for asset managing a portfolio of the Company’s nationwide Section-8 and LIHTC properties. The position is ideally suited for a highly motivated, detail oriented individual with a solid asset management background, and strong work ethic. This individual should have the desire to be a part of a rapidly expanding company, and work within a team of other highly motivated individuals. This position will report to the Director of Asset Management.

Duties will include:

• Assist in conducting due diligence and financial modeling for new acquisitions and dispositions
• Implement and monitor capital improvement projects
• Oversee preparation for HUD REAC inspections
• Complete property inspections as part of monitoring property performance, management execution and property capital needs
• Assist in the development and monitoring of strategies to maximize asset values within the portfolio
• Provide recommendations and implement changes for property improvements based on thorough analysis and experience
• Responsibility for overall portfolio management and profitability
• Oversee 3rd party property management firms to ensure optimal property performance through strict systems and controls
• Problem solve property and portfolio level issues through research, analysis and implementation
• Analyze property financials and performance metrics in pursuit of maximizing revenue and minimizing expenses
• Negotiate major vendor contracts and pursue portfolio wide expense reductions through vendor bidding
• Prepare narratives and financials for investor reporting
• Ensure the oversight and implementation of the property business plan and budget

Following are the requirements for the position:

• Highly motivated, with a positive “can do” attitude
• Travel to properties across the nation will be required
• Excellent MS Excel skills
• An analytical approach with a results oriented mindset
• Prefer Section 8 or other low-income experience, but not required
• 3 – 5 years experience in multifamily asset management
• Ability to think like an owner in all decision making
• Entrepreneurial spirit with a willingness to do what is necessary
• Strong management skills, with an ability to work independently and multitask
• Bachelors degree (prefer real estate, business or finance)