Description
About Campus Apartments:
Campus Apartments (CA), headquartered in Philadelphia, is a vertically-integrated real estate company that acquires, develops, and operates multiple types of on- and off-campus university-related real estate, including: undergraduate, graduate and faculty housing; retail, hotel, and academic / administrative office space. As one of the nation s largest student housing operators, we own and/or manage a portfolio of over 25,000 beds in 18 states, representing over $1.5 billion in assets under management.
Position Overview:
Campus Apartments is seeking an Asset Manager for immediate hire to join our growing team and to be involved in all aspects of the Company s asset management activities, ranging from asset level due diligence of potential acquisition and development opportunities through on-going asset management and portfolio level reporting. The Asset Manager will report to the Senior Vice President of Asset Management.
Responsibilities:
- Identify and implement strategic asset level initiatives through market research and operating data analysis;
- Asset manage a portfolio of student housing assets independently;
- Coordinate the development of Annual Business Plans and Quarterly Reports by assisting in the preparation of property operating and capital budgets;
- Support property- and portfolio-level accounting;
- Prepare financial analysis to track historic portfolio and property level results in comparison to industry benchmarks;
- Assist with preparation and creation investment committee presentations;
- Playing a key role in managing the due diligence materials and process for potential acquisition opportunities and property level mortgage financing;
- Working with legal counsel in the negotiation and preparation of loan documents;
- Prepare and execute strategic implementation of property-level revenue enhancement including, but not limited to, rent optimization, expense management, and value add opportunities;
- Participate in property level budget review and approval process utilizing proprietary metrics to accurately forecast property level NOI and cash flow as well as monitor property and portfolio performance; and
- Prepare performance reports on a quarterly basis at the property and fund level.
Qualifications:
- Strong quantitative background and understanding of financial analysis concepts (DCF, IRR, etc.);
- Strong Excel modeling skills and proficiency in Word and PowerPoint;
- Excellent verbal and written communication skills (writing sample preferred);
- Analytical problem solving skills with capability to undertake detailed analyses and make well-reasoned, decisive recommendations;
- Real estate acquisitions/investment underwriting experience, including a minimum of five years of in-depth experience underwriting student housing and/or multifamily investment opportunities.
- Familiarity with all pertinent real estate transactional documents and processes such as purchase agreements, operating agreements, loan documents, etc.
- Willingness to travel frequently;
- Strong work ethic, attention to detail, and commitment to meeting deadlines; and
- Outstanding academic credentials (an advanced degree in Accounting, Finance or Real Estate or a CFA designation is preferred).
Qualified candidates should submit the following information:
- Brief cover letter indicating key strengths and reasons for interest in this position; and
- Current resume.
Experience
Not Specified
This job is no longer active.