Asset Manager - Multifamily - Dallas

Dallas Permanent USD10,000 - USD120,000
  • Lead a portfolio of assets worth over $800MM
  • Flexibility

About Our Client

Reputable investment and development firm with a multifamily portfolio

Job Description

Maximize total ROI for all assets and assessing where to add value and improvements to current and existing assets.

Provide direction (leadership) and oversight of business plans, budgets, forecasts, leases, analysis and approvals.

Working in a collaborative fashion with third-party property managers, lease administrators, leasing agents, legal counsel, auditors and accountants.

Works with construction management to create a vision for the capital improvements to the asset

Tracks lender mandated reporting and covenants such as debt service ratio coverages.

Develop and distribute periodic asset management reports to investors, consultants and other partners

Negotiate third party contracts.

Participates in the annual budget process.

Analyze weekly and monthly operating reports from property managers

Understand different financial evaluation methods related to valuation and performance of real estate (such as IRRs, NPVs, WACCs, etc.)

Analyze market and submarket comps and track against portfolio performance

Prepare reports for lenders, institutional partners, and the Investment Committee using PowerPoint and Adobe suite

Manage asset management files and records

Work with Acquisitions team to develop asset business plans

Assist the Director of Asset Management

Ensure adherence to policies and procedures to maintain effective internal controls

Assist in operational takeovers and property manager transitions

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

Based out of their Austin HQ the successful asset manager must have strong hands on asset management, value add and leadership experience. Alongside this you must possess:

  • Bachelors degree in finance, accounting or real estate focused industry
  • 5 + years of Multifamily real estate asset management experience.
  • Strong lease administrative and hands on asse4t management experience.
  • Experience with managing over a significant portfolio of Class A multifamily Assets
  • Financial modelling and excel capabilities
  • Experience in site leadership managing over property managers, vendors and maintenance professionals on multifamily sites

What's on Offer

In return my client are offering a fantastic benefits package that includes market leading salary, bonus and additional benefits.

Stephanie Bedell
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Job summary

Real Estate
Sub Sector
Property & Asset Management
Contract Type
Consultant name
Stephanie Bedell
Job Reference