Asset Management

San Diego, CA

A private investor specializing in the acquisition, operation, and repositioning of multifamily and hospitality assets is looking for a talented and experienced individual oversee the asset management and oversight for part of their multifamily portfolio.  The keys to the company’s success are building relationships, identifying suitable investment markets, targeting underperforming assets, and creating value through renovations. 

Responsibilities:

• Performance evaluation of assets and third party management companies including detailed review of operational reports and monthly financials, recommendations for strategic repositioning and performance improvement through contract negotiations, ancillary income opportunities and effectively positioning assets at the top of the comp set, and detailed lender and partner reporting.
• Weekly and bi-weekly calls with onsite staff to evaluate staff and asset performance
• Review of leasing reports, leasing activity, source of traffic, evaluation of marketing sources and ensuring assets’ online presence is strong through detailed analysis of areas such as website, ILSs and SEO/SEM.
• Develop and implement business and marketing strategies to achieve overall budget and performance goals.
• Review Monthly Financial Packages including financial performance to budget and market surveys.
• Monthly, Quarterly and Annual reporting to investors, partners and internally within the company.
• Directly handle the annual budget review and approval for each asset.
• Capex and Renovation tracker, as required for each asset, to submit for reporting and disbursement purposes to lenders and partners.
• Evaluate the need for renovations, lead the process in developing the scope and pricing and oversee the execution in terms of quality, cost and timing through completion.
• Managing relationships and implementing strategies to maximize asset values across the portfolio.
• Oversee all aspects of the asset operation and lead special projects such as but not limited to insurance claims, change in management companies, staffing changes for key roles at the property, providing information and coordination during acquisition of new assets, sale of assets and financing transactions.

Requirements:

• 7+ years of regional property management or asset management experience
• Minimum 4-year college degree preferably in real estate, management or finance
• Proficient in Excel, Word and Powerpoint
• Self-starter with ability to execute on numerous initiatives and objectives while exercising good judgement and diligence
• Excellent communication
• Ability to prioritize and meet multiple and simultaneous deadlines
• Ability to oversee and evaluate property and management teams’ performance