Asset Manager

3 weeks ago


Phoenix, United States Macdonald & Company Full time

Macdonald and Company are proud to partner with our client, a growing Multifamily private equity firm in Phoenix. The firm are looking to appoint an Asset Manager as they continue to expand their portfolio, currently valued at $350M+ AUM.


THE OPPORTUNITY

This Asset Manager will entail direct oversight, implementation, and execution of business plans for multifamily assets located throughout the state. This position will become a critical part of the team and work directly with the principals of the company along with 3rd party management and assume various significant responsibilities.


ROLE RESPONSIBILITIES

  • Act as a liaison between company principals, property management both on site and off site, project oversight to ensure all are working in unison to execute business plans for each property.
  • Monitor and oversight of each property’s business plan’s progress and proactively identify and address potential issues, potential opportunities for improvement, staffing, marketing, capital expenditures, and manage timelines efficiently.
  • Collaborate with company principals to establish key performance indicators for liquidity events such dispositions, refinances, and supplemental loans.
  • Working directly with 3rd party management’s regional, onsite, and construction managers on property performance, budgets, and projects.
  • Reviewing and approving annual budgets for each property in the portfolio.
  • Be an active participant in weekly asset management calls/meetings which include review of financials, occupancy, renewals, and ongoing projects.
  • Assisting with writing quarterly investor updates.
  • Performing and coordinating tours with capital partners as needed.
  • Help perform due diligence on for new acquisitions, refinances, and sales for the portfolio.
  • Help facilitate post-acquisition transition into the portfolio.
  • Performing monthly site visits to each property.
  • Evaluate building presentation.
  • Evaluate staff and making suggestions for staffing changes.
  • Monitor construction or special projects progress to ensure timing, budget, and overall goals are met.
  • Perform monthly rent comparables analysis for the portfolio.
  • Track market fundamentals (Development pipeline, absorption, vacancy, rent growth etc.) to identify both potential issues and opportunities for further portfolio expansion.


REQUIREMENTS

  • 4-year college degree; BS/BA.
  • 2-7 years of Multifamily Asset Management experience.
  • Strong financial acumen.


ON OFFER

  • Generous base salary.
  • Annual bonus.
  • Casual dress code.
  • Upward mobility and direct access to leadership.


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