Senior Director, Multifamily Asset Management
1 week ago
Founded in 1993, DivcoWest is a multi-disciplinary real estate investment firm headquartered in San Francisco, with offices in Los Angeles, Menlo Park, Cambridge, Washington DC, Austin, and New York City. Known for our long-standing relationships and track record of success in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach.
DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance the health, happiness, and well-being of all people. A disciplined code of ethics is at the core of all that we do. We believe that the collective energy of a diverse team is what drives our creative ideas and solutions.
Summary
The Senior Director of Multifamily Asset Management is responsible for monitoring and optimizing the performance of the Company's multifamily portfolio nationwide. This individual will collaborate directly with the Multifamily Team Lead and operating partners on strategic decision making and business plan oversight for the various assets and will oversee the current multifamily asset management team to ensure seamless integration, outstanding execution, and successful disposition of all multifamily assets nationwide. This individual will also assist with acquisitions, financing, will oversee any required portfolio reporting, and will work with senior management on the multifamily investment strategies.
This role requires 5 days in office out of our Los Angeles location.
The ideal candidate for the role will possess a blend of strong interpersonal and organizational skills. This entrepreneurial group values critical thinking, an ability to build relationships, and transparent communication. The position is ideally suited for a highly motivated, detail-oriented individual with a dynamic asset management background, a strong work ethic and a passion for real estate.
Responsibilities
- Work closely with Multifamily Team Lead, internal asset managers, operating partners, third party property managers, brokers, consultants, and legal counsel to provide direction for and oversight of business plans, budgets, reforecasts, analyses and approvals.
- Oversee and participate in quarterly and annual reporting/valuations for internal and external purposes.
- Negotiate third party operating contracts, joint venture agreements, and oversee the implementation of capital improvement programs within the portfolio.
- Work collaboratively with the Acquisitions team to evaluate potential investment opportunities, assist with due diligence, participate in financing processes, and oversee the onboarding and transition of new assets.
- BA/BS degree with strong record of academic achievement; graduate degree a plus.
- 10+ years of multifamily asset management experience preferred.
- Experience with both market rate and affordable property types preferred.
- Strong oral and written communication skills.
- Highly organized, detail oriented, and able to handle multiple projects in team settings.
- Willingness to adopt new technologies leveraged across the company's portfolio.
- Highly driven, with a positive, solution-oriented attitude and strong interpersonal skills.
- Experience overseeing an existing team of asset managers.
- Remain in a stationary position for 75% of the time working on a computer and attending virtual meetings.
- Occasionally move about the office to access file cabinets, office technology, attend meetings etc.
- Ability to travel to properties nationally.
- $225,000-$250,000
- Annual bonus opportunity
- Full benefits
- 401k
- Flexible vacation policy
- Weekly lunch stipend
Divco West Services, LLC ("Company"), an equal opportunity employer, is committed to equal opportunity for all employees and applicants. The Company recruits, hires, trains, promotes, pays, and administers all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person's appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses. Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records. Please review our company Privacy Policy regarding the use of any personal information you provide us at: https://www.divcowest.com/privacy-policy/
This policy applies to all areas of employment, including recruitment, testing, screening, hiring, selection for training, upgrading, transfer, demotion, layoff, discipline, termination, compensation, benefits, and all other privileges, terms, and conditions of employment. This policy and the law prohibit employment discrimination against any employee or applicant on the basis of any legally protected status outlined above.
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