VP/Director of Asset/Property Management
hace 29 días
Boston
Job Description VP/DIRECTOR OF ASSET/PROPERTY MANAGEMENT Our client is currently seeking a VP/Director of Asset/Property Management to oversee a portfolio of multifamily assets. The role offers autonomy within a collaborative environment, supported by an analyst/associate. The ideal candidate should possess qualitative and quantitative skills and strong analytical, communication, and critical thinking abilities. WHAT YOU'LL DO • Manage a portfolio of institutional-quality multifamily properties across various markets by commingled funds and separate account clients., • Develop and execute strategic business plans and appraisal projections for core, value-add, and development properties., • Oversee property management teams and conduct site visits and market tours., • Provide input on potential acquisitions and assist in the disposition process., • Collaborate with joint venture partners and other stakeholders, including managing development assets and mixed-use leasing opportunities., • Work with venture partners, JV docs, and portfolio strategy., • Review draw requests, oversee development assets through lease-up and stabilization., • Work closely with the multifamily team and asset managers across offices., • Lead and develop a team of analysts and associates. WHY YOU MATTER, • Create and implement business plans that align with the investment goals., • Analyzing market trends, identifying opportunities for value enhancement, and making informed decisions to maximize returns., • Deep understanding of financial analysis, including budgeting, forecasting, and performance reporting., • Adept at controlling expenses, optimizing revenue streams, and maximizing the property's net operating income (NOI)., • Accurately assess the financial health of the asset and identify areas for improvement., • Anticipate potential challenges and take proactive measures to mitigate risks., • Informed about market conditions, regulatory changes, and industry best practices., • Identify and implement strategies to increase the property's value, such as renovations, upgrades, and improved amenities., • Focus on enhancing the tenant experience to improve occupancy rates and resident retention. WHAT IT TAKES, • 8-10+ years of direct experience in real estate, specifically in multifamily asset management., • BA of BS in Finance, Accounting, or Economics - mandatory., • Development deal management experience., • Proficiency in multifamily property software like AppFolio, Entrata, RealPage, Rent Manager, Yardi Voyager., • Proficiency in Microsoft Excel, PowerPoint, Word, Outlook, and Adobe Acrobat., • Strong critical thinking, analytical, writing, verbal communication, and negotiation skills., • Excellent organizational skills with attention to detail and the ability to manage multiple projects., • Ability to work both independently and within a team., • Excel in client, joint venture partners, construction consultants, brokers, lead, and risk professional communication., • Strong interpersonal and client communication skills.