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    Asset Manager - Phoenix, United States - Macdonald & Company

    Macdonald & Company background
    Real Estate
    Description

    Macdonald and Company are proud to partner with our client, a growing Multifamily private equity firm in Phoenix. The firm are looking to appoint an Asset Manager as they continue to expand their portfolio, currently valued at $350M+ AUM.

    THE OPPORTUNITY

    This Asset Manager will entail direct oversight, implementation, and execution of business plans for multifamily assets located throughout the state. This position will become a critical part of the team and work directly with the principals of the company along with 3rd party management and assume various significant responsibilities.

    ROLE RESPONSIBILITIES

    • Act as a liaison between company principals, property management both on site and off site, project oversight to ensure all are working in unison to execute business plans for each property.
    • Monitor and oversight of each property's business plan's progress and proactively identify and address potential issues, potential opportunities for improvement, staffing, marketing, capital expenditures, and manage timelines efficiently.
    • Collaborate with company principals to establish key performance indicators for liquidity events such dispositions, refinances, and supplemental loans.
    • Working directly with 3rd party management's regional, onsite, and construction managers on property performance, budgets, and projects.
    • Reviewing and approving annual budgets for each property in the portfolio.
    • Be an active participant in weekly asset management calls/meetings which include review of financials, occupancy, renewals, and ongoing projects.
    • Assisting with writing quarterly investor updates.
    • Performing and coordinating tours with capital partners as needed.
    • Help perform due diligence on for new acquisitions, refinances, and sales for the portfolio.
    • Help facilitate post-acquisition transition into the portfolio.
    • Performing monthly site visits to each property.
    • Evaluate building presentation.
    • Evaluate staff and making suggestions for staffing changes.
    • Monitor construction or special projects progress to ensure timing, budget, and overall goals are met.
    • Perform monthly rent comparables analysis for the portfolio.
    • Track market fundamentals (Development pipeline, absorption, vacancy, rent growth etc.) to identify both potential issues and opportunities for further portfolio expansion.

    REQUIREMENTS

    • 4-year college degree; BS/BA.
    • 2-7 years of Multifamily Asset Management experience.
    • Strong financial acumen.

    ON OFFER

    • Generous base salary.
    • Annual bonus.
    • Casual dress code.
    • Upward mobility and direct access to leadership.

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