Description
L&B Realty Advisors, LLP, is an investment firm with a reputation for excellence created by a team of extremely responsive and talented people. We are currently looking for an experienced Asset Manager. This position is located at Corporate Headquarters in Dallas, TX.
Title: Associate Director - Asset Management - Multifamily
Reports to: Vice President of Asset Management
Key Responsibilities: Coordination with portfolio management to create and implement asset by asset strategy for in excess of ten multifamily assets with AUM of approximately $1.0B
Development of Asset Management Plans
- Analyze effectiveness of previous plan and benchmark returns
- Incorporate market data and intelligence
- Review and approve operating budget
- Create strategic objectives for property with and without ROI components
- Develop operational tactics that support strategy
Execution of Investment Strategy
- Review of all aspects of the asset operations, leasing and management
- Consistent supervision of property management
- Evaluate and execute solutions to problems
- Oversee internal and external teams and individuals to facilitate execution
- Direct insurance and ad valorem tax administration
- Review and approve all contracts/provisions
- Review and approve capital improvement projects
- Review and discuss hold/sell strategies and broker selection
Market Expert
- Utilize various sources and relationships to gather market and property level data
- Understand the underlying market and regional drivers
- Track supply pipeline within each assigned market
- Follow sales of comparative trades in the market
- Establish and maintain network of contacts in real estate, insurance, legal and marketing professions
Preparation of Timely and Accurate Reporting
- Write/edit narrative summaries for monthly, quarterly and annual reports
- Review and edit monthly status reports to investor and/or portfolio management
- Review property appraisals and interact with appraisers as needed or directed
- Prepare and/or review property internal valuations
Other Responsibilities
- Evaluate and report on underwriting assumptions for apartment acquisitions
- Assist and coordinate the takeover and management of new acquisitions
- Coordinate property dispositions and/or refinances
- Special projects as assigned
- Effective interaction and coordination with analyst pool and team
- Light to medium travel (15%) associated with asset reviews and direction
Minimum Requirements
- 10+ years in commercial real estate industry
- 7+ years direct experience with multifamily sector
- MS Word & Excel (required) (an Excel proficiency test may be administered)
- Must possess strong analytical, communication, organizational and computer skills
- Accounting, Finance, Business Administration or Real Estate degree or advanced degree
- Accounting or finance background beneficial
L&B Realty Advisors offers an excellent benefits package including vacation and sick pay, tuition reimbursement, PPO medical/dental/vision plan, matching 401(k) plan, above average holidays, flex hours, health club membership, and business casual work environment.
L&B Realty Advisors is an Equal Opportunity Employer.
Job Sector
Not specified
Experience
7+ to 10 years
This job is no longer active.