Director of Asset Management (Multifamily)
30 Days Old
Our SelectLeader's client is a boutique real estate private equity investment fund manager. They focus on value-add acquisitions (properties valued between $5 Million and $50 Million) throughout the United States.
If you are interested in applying for this job, please make sure you meet the following requirements as listed below.
Since 2019, they have acquired and or sold $700 Million worth of multi-family residential, industrial warehouses, and other commercial properties. It is a team of hard-working real estate professionals passionate about creating a community of investors through thoughtful and transparent investments.
Under the direction of the CEO & CFO, this person will be in a key role for the company and will be responsible for overseeing asset management for the multifamily portfolio.
This is a small company, so the expertise you bring will have a huge impact on our evolution, especially as we grow our investor base with future funds. If you enjoy working in a small, growing environment, this role is for you!
Job Responsibilities
Portfolio Oversight: Proactively lead the strategic and operational management of the multifamily portfolio, ensuring assets meet or exceed financial performance targets
Financial Analysis & Reporting: Monitor property-level financials prepared by property managers. Recommend strategies for revenue growth and expense control
Strategic Planning: Hold joint venture partner asset management accountable to meet the business plans for each asset, including capital improvements, leasing strategies, and repositioning opportunities. Advise senior leadership on needed changes to the business plan as a response to micro and macro-economic changes.
Performance Monitoring: Conduct regular property visits, review KPIs, and track operational benchmarks
Market Analysis: Stay informed on market trends, rental rates, occupancy, and competitive positioning to inform asset strategy
Capital Projects Oversight: Collaborate with property management teams and joint venture partners to plan, budget, and execute capital improvement initiatives
Stakeholder Communication: Prepare and present performance reports on a monthly basis to ownership, investors, and senior leadership,
Team Leadership: Be a strong leader who can position the multifamily portfolio to maximize returns
Qualifications
Bachelor’s degree in real estate, Finance, Administration, or related field
8-10+ year’s experience in accounting/finance, asset management, or property management
Proven track record in maximizing asset value and driving NOI growth in multifamily properties
Analytical thinker with the ability to translate data into actionable strategies, and execute on said strategies
Ability to travel regularly to property sites (quarterly visits to property sites, 50% in Wisconsin/Minnesota, 50% remaining states).
Ability to manage multiple priorities at once, to shift directions multiple times throughout the day, creative problem solving and a high sense of urgency are critical to success
Strong financial budgeting and forecasting abilities
Real Estate industry experience required
Additional duties as assigned by management
Comprehensive understanding of Microsoft Excel and other computer software
Benefits
401(k) with partial Employer match
Health insurance – premiums covered by Employer
HSA Account – partially paid by Employer
Dental insurance – covered by the Employer
Life insurance – covered by the Employer
Disability insurance - covered by the Employer
Paid Time Off and Sick Time Off
#J-18808-Ljbffr
- Location:
- Chicago, IL
- Job Type:
- FullTime
- Category:
- Accountancy
We found some similar jobs based on your search
-
New Yesterday
Director of Assets Management (Multifamily)
-
Chicago, IL
- Accountancy
Director of Assets Management (Multifamily) Midloch Investment Partners is a real estate investment firm, fund manager, and operator with offices in Chicago, Milwaukee, and Minneapolis. Specializing in small to middle market joint-venture equity investments, the firm typically invests between $1 million and $15 million in properties...
More Details -
-
30 Days Old
Director of Asset Management (Multifamily)
-
Chicago, IL
- Accountancy
Our SelectLeader's client is a boutique real estate private equity investment fund manager. They focus on value-add acquisitions (properties valued between $5 Million and $50 Million) throughout the United States. If you are interested in applying f...
More Details -