We have partnered with a well established REIT focused on affordable housing investments, with a massive footprint across the country, who is looking to bring on an Asset Manager for their equity investment team. In this role, the Asset Manager will be responsible for overseeing a portion of their portfolio, providing direction and developing strategy to meet financial and operational goals year over year.
Responsibilities:
- Conduct monthly reviews and analyses of property operating statements.
- Analyze balance sheets and income statements, review budgets and business plans, and update annual operating projections and variances.
- Prepare investment valuations using DCF models.
- Engage with partners and property managers to discuss operating activities and adherence to business plans.
- Ensure compliance with operating and property management agreements.
- Track and evaluate development and construction projects including rehabilitation initiatives, ensuring budgets and milestones are within original plans and scope.
- Participate in determining any updates to scope of work when needed.
- Monitor and track all capital expenditures, reviewing budgets, lender requirements and physical need studies.
- Develop and implement strategies to increase portfolio value, providing recommendations to senior leadership.
- Perform sensitivity analysis for refinancing and buy/sell/hold strategies.
- Conduct appraisal analysis, collect market research and provide information to potential lenders and partners.
- Facilitate refinancing and property sales, assisting partners and stakeholders when needed.
- Report and present portfolio and investment performance metrics to leadership, and the Board of Directors.
Requirements:
- 4+ years in real estate asset management or development.
- Bachelor's degree required.
- Proficiency in analyzing balance sheets, income statements, and cash flow statements.
- Expert level use of Excel and similar programs.
- Experience with budgeting and variance analysis.
- Demonstrated knowledge of affordable housing.
- Experience managing rehabilitation projects and capital expenditures.
- Excellent written and communication skills.
- Willingness and ability to travel up to 40%
This role is hybrid, 3 days in office and subject to change.
Excellent benefits package
