Don't worry, we can still help! Below, please find related information to help you with your job search.
- Vice President Network Management
- Senior Vice President Asset Management
- Vice President Asset Management
- Vice President Project Management
- Vice President Program Management
- Multifamily Vice President Of Construction
- Vice President Brand Management
- Asset Management Vice President
- Multifamily Asset Manager
- Vice President Of Multifamily Operations
Vice President, Multifamily Asset Management
Company | Korn Ferry |
Address | Dallas, TX, United States |
Employment type | FULL_TIME |
Salary | |
Category | Real Estate |
Expires | 2023-07-09 |
Posted at | 11 months ago |
The Company
Established in 1976, our client is a privately held, vertically integrated apartment investment and management company focused on quality multifamily rental communities throughout the United States. The Company currently manages approximately 85,000 apartment homes across the U.S., and broadened its footprint into the western U.S. in recent years by adding over 10,400 apartment homes to its management portfolio in the last 12 months.
With over 2,000 associates and nine offices, our client offers an extensive full-service platform of expertise in acquisitions and dispositions, construction, financing, property operations, accounting, risk management, and related support functions. The Company is led by a senior management team with an average industry experience of over 20 years navigating market cycles and completed over $22 billion of apartment transactions since 2002.
Key Pointers:
- They leverage innovative technologies to streamline property management and operations, resulting in improved efficiency and enhanced resident experiences.
- Their strategic investment approach is backed by robust market research and analysis, enabling them to identify prime investment opportunities and maximize returns for investors.
- They oversee a diverse range of assets, including multifamily, senior living, and mixed-use communities, providing a broad scope for investment and management opportunities.
- A highly reputable real estate investment and management company with over four decades of experience.
- Known for delivering exceptional service, with a focus on maintaining high occupancy rates, averaging around 95% across their portfolio.
- A commitment to excellence has been recognized with multiple industry accolades, including awards for property management, customer service, and sustainability efforts.
- They are dedicated to sustainable practices, reducing energy consumption and carbon footprint. As an example, they have implemented energy-saving initiatives resulting in a 20% reduction in energy usage across their portfolio.
Purpose of the Position
The Vice President Asset Management will be responsible for high level property/portfolio needs (e.g., special situations, budget review, central databases, valuations), applicable communication and, most importantly, execution of asset repositioning efforts.
Key Responsibilities
The Vice President Asset Management (West) will:
- Lead the implementation and execution of strategies, policies, and initiatives for multi-family properties and participate alongside the investment team for prospective acquisitions
- Provide updates and communication for investors and internal audiences
- Provide management and support of Asset Manager and Asset Director associates with specific asset assignments in our Western region target markets
Asset Management Function Defined
- Transition from Investment Team and feedback on underwriting
- Capital expenditure strategic execution
- Bell Partners’ representative to communicate with investors
- Proactive performance management (e.g., benchmarks, guidance to Ops team)
- Owner representative oversight of Company Sponsored assets through full hold period
- Reactive project management (e.g., casualty event, material deviation from underwriting)
- Prospective investors: limited involvement but supportive of investor tours, meetings, and communications
- In place investors: quarterly reporting/ investor tours/ annual budgets
Essential Functions and Responsibilities:
- Communication / Reporting: Asset Management will work with Investor Relations and Fund Accounting to address owner/investor inquiries and provide property highlights for the quarterly fund report, year-end investor letters, and ad hoc communication needs.
- Driving Results: Leverage data research, FP&A team, and internal database to monitor Bell Sponsored assets performance and determine areas that need additional focus; define metrics/KPIs in coordination with Operations (Ops) and Construction Management (CM) to ensure each group of the 3-part asset team (AM, Ops, CM) has clear roles and responsibilities to drive performance and value.
- Special Situation (SS) assets: Asset Management will be involved in SS issues (either property level or capital structure) that adversely affect cash flow and, potentially require communication with owners/lenders. As a result, discussions are needed with Operations, Financials Services/Accounting and/or Construction Services to understand the underlying issues and recommendations. At times, Asset Management will complete additional evaluation (e.g., independent market survey, financial analysis) to understand the issue more deeply and independently, as needed.
- Annual Budgets: Asset management will i) work with Financial Services, Operations, and Construction Services to provide guidance and approval for yearly operating and capital budgets for all Bell assets; ii) identify, analyze and work with Operations and Construction Services (where applicable) to recommend opportunities to add value (e.g. interior unit renovation programs, expense reductions, etc.); and iii) participate in cap ex analysis if a significant major/capital plan is being proposed and/or a renovation is recommended.
The Candidate
Critical Success Factors
- Must demonstrate Bell Core Values and work and fit well within the company culture
- Leads by example and not afraid to roll-up their sleeves
- Desire to make a difference…change the world attitude
- Exceptional leadership and management experience who enjoys their work and leading people
- Flexibility in working hours and travel as required to accomplish the work
- Strong property management experience coupled with in-depth financial acumen
- Must be skilled in strategic planning and execution
- Remarkable communication skills and ability to serve a diverse set up stakeholders
- Collaborator. Values the expertise and contributions from colleagues
Professional Experience/Qualifications
- Minimum 10 years of real estate related experience
- BA or BS required; MBA preferred
SE Number: 510588802
-
Systems Analyst - Excel, Xml, Sql, Scripting
By CyberCoders At Salt Lake City, UT, United States 8 months ago
-
(Senior) Finance & Shared Services Manager
By Catholics For Choice At Washington, DC, United States 8 months ago
-
Paralegal - Probate Administration
By CyberCoders At Miami, FL, United States 8 months ago
-
Account Executive - Automotive Software
By ECW Search At United States 8 months ago
-
Construction Project Coordinator Jobs
By CyberCoders At River Falls, WI, United States 8 months ago