Real Estate Associate

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.

Description

ESSENTIAL JOB RESPONSIBILITIES:

• Participates and assists in formulating the annual business plan for the assigned portfolio by establishing revenue, expense NOI and other key financial and operating targets, developing the annual capital and operating budgets, and formulating strategies that drive operations and financial performance of the portfolio.

• Reviews, monitors, and reports on the portfolio's performance against budget and investment proforma by analyzing monthly operating and income statements, researching and taking appropriate actions to address variances, managing and monitoring cash flow, and preparing monthly and quarterly client portfolio/performance reports.
• Communicates with and closely interacts with the VP of Asset Management and on-site team members to monitor the daily operation of the portfolio by developing strategies and programs that maximize the performance of the portfolio.
• Manages and oversees the portfolio's compliance with the established debt and equity providers, develops and provides reports to the investment principals and equity partners, monitors investment performance, returns and forecasts through financial modeling, and recommends ways for optimizing returns at the asset level.
• Gathers, complies and analyzes market, economic, and capital trends and factors impacting the performance of the multi-family portfolio, prepares and delivers presentations and updates to investment principal/investment committee, and participates in formulating the long-term disposition and exit strategy for the assets.
• Leads and executes the implementation of revenue-enhancing and expense containment's programs and initiatives of the property level, monitors resident turnover and satisfaction indicators, and identifies and acts on opportunities to drive operational excellence in the operation of the communities
• Completes various human resources, financial, administrative and other reports and analysis, and performs other duties as assigned or as necessary.
• Works closely with Acquisitions team on due diligence and dispositions.
• Works closely with Property Management team on operational matters.