Multifamily Asset Management Executive
3 weeks ago
Company Overview:
Balboa Real Estate Partners is a family office-backed real estate development partnership focused on multifamily and student housing projects across the US. With a portfolio of approximately 2,000 apartment units and 2 million square feet of industrial space, the company is looking for a talented individual to drive value across its existing and future multifamily assets.
Location: Nashville or Provo, UT.
Job Summary:
The Director of Multifamily Asset Management will be responsible for evaluating and executing the business plan across each of the existing and future multifamily assets in the portfolio. This includes working strategically to drive value through operational strategy, assessing financial performance, and executing capital strategies. To a lesser extent, the Associate will have the opportunity to source and help lead new development activities.
Responsibilities:
• Identify and execute value creation initiatives to drive growth and profitability across the portfolio.
• Establish a deep understanding of each market, submarket, and comparable properties for each asset in the portfolio.
• Oversee all financial aspects of the properties, maintaining institutional operating and reporting standards.
• Implement systems and initiatives to streamline portfolio-level reporting and improve operational efficiency.
• Collaborate with third-party property management teams on various topics, including:
• Managing the lease-up of new developments.
• Rent positioning and operational strategy.
• Capital planning and property maintenance oversight.
Compensation: The annual salary for this role is estimated to be between $120,000 and $180,000, depending on experience, with potential carried interest in investments. Annual compensation will be directly tied to identifying, executing, and maintaining value creation initiatives across the portfolio.
Qualifications:
- Bachelor's Degree or Master's Degree, emphasis on finance and/or real estate from an accredited four-year college or university.
- A minimum of 3 years of direct experience performing responsibilities similar to those listed above.
- An in-depth understanding of property-level financial statements, including rent roll, income statement, balance sheet, etc.
- Proficiency with Microsoft Office Suite, specifically including extensive experience with Excel.
- Experience with property management systems is a plus.
Travel: Travel to the properties is occasionally required.
Additional Information: This role is best suited for an entrepreneurial individual who can add value across existing properties and identify strategic growth opportunities. If you are a motivated and results-driven professional with a passion for multifamily real estate, we encourage you to apply for this exciting opportunity.
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