Asset Manager - Conshohocken, United States - Morgan Properties

Morgan Properties

Verified Company

Conshohocken, United States

2 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Overview:

_ Summary:

_The Asset Manager provides support and guidance to the field to maximize the revenue potential of each property and identify new methods of creating longer-term additional value in the asset.

The better one understands the "why" of things, the more effectively one can create value-or if need be, pivot to achieve the desired result.

This position is based out of our brand new corporate office in Conshohocken, PA with an in-office schedule of Monday-Thursday and the flexibility to work remotely on Friday.

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What you will be doing/

Essential Functions:
_**- Oversee the Investment Strategy and Business Plan for each asset.

Assist in the creation of Property Improvement Plans ("PIP") including gathering of market and benchmarking data, review of property performance, and measuring each asset against its peers, budgets and goals. Identify Action Plans and Follow-Up Items.
Reviews monthly operating statements and identifies watch list properties. Collaborates with the SVP Asset Management and operations team to prioritize issues and develop action plans to address challenges.
Site Visits to monitor the physical condition as well as its competitive position within the submarket.
Evaluates ways to reduce controllable operating expenses for the portfolio by reviewing historical costs and potential savings or efficiencies.
Maintain a basic understanding of the submarket, competitive properties in the market, product supply as well as any other market forces.
Participates in the capital budget process by analyzing potential returns on inunit renovations and new amenities. Reviews occupancy and market rent data for properties that have successfully completed similar renovations.
Participates in pricing calls with the Pricing Manager, Regional Manager, and Property Manager.
Communicate effectively with JV Partners and Ownership and act as bridge between the Operations, Facilities, and the Joint Venture Partners.
Hosts monthly calls with partners to recap financial results and address any questions or concerns.
Position may require up to 25% travel.

_ Supervisory Responsibilities_
This position oversees the Asset Management Associate.

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Qualifications:
_**- 3 to 5 years of experience in real estate, investment banking, asset management, or related experience.

A Bachelor's degree in Business or Finance
Experience in multifamily required
Advanced Excel skills with a strong background in financial modeling and valuation analysis
Attention to detail with strong organizational skills
Eagerness and ability to learn in a fastpaced environment

_ The "Benefits" of Employment:
_

Employee referral payment program
Educational Enhancement Program
Medical, Dental, and Vision benefits
Life/AD&D Insurance
Long and short term disability
Retirement Plan 401(k) Plan
Discount on an apartment with any one of our properties
Free access to pool and fitness center
If you are hired at Morgan Properties, your overall compensation package will also be determined based on factors such as geographic location, skills, education, and/or experience which may result in total compensation outside of this range._

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Get To Know Us:

_**- Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania.

Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing the business operations.

Morgan Properties and its affiliates currently own and manage a multifamily portfolio comprised of more than 350 apartment communities and over 95,000 units located in 19 states.

The Company is among the three largest multifamily owners in the nation and the largest in Pennsylvania, Maryland, and New York.

With over 2,500 employees, Morgan Properties prides itself on its quick decision-making capabilities, strong capital relationships and proven operational expertise.