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Asset Manager, Multifamily Development

Asset Manager, Multifamily Development

San Diego, CA

A leading multifamily developer is looking for an Asset Manager to support their Western Region developments. This key team member will assist in the development and implementation of operating budgets, underwriting standards, and other procedures for the development, acquisition, operation, and disposition of properties. This position will monitor and control the status of properties in all phases of development.

Responsibilites

  • Communicate with in-house and/or third party property management to achieve property level strategies including rents, leasing velocity and managing expenses

  • Participate in market research efforts identifying competitive properties; understanding macro and micro market dynamics

  • Assist with the preparation of financing packages and marketing packages for capitalization and disposition purposes

  • Assist in creating development models, construction estimates and third party market research reports

  • Prepare development reforecast models and valuation models; review construction draws and soft costs for accuracy and budget variances

  • Develop and recommend stabilized proforma rents and expenses in conjunction with development

  • Negotiate and interpret partnership, loan and sale agreements and ensure covenants are being met

  • Coordinate due diligence efforts

  • Provide assistance in preparing Investment Committee packages and annual Business Plans

Requirements

  • Minimum of 4 years’ experience in multifamily, development, and commercial real estate

  • Strong financial/analytical skills

  • Highly proficient in Excel and other MS products

  • A strong working knowledge of real estate principles, property management, investment sales and commercial development

  • Ability to work both independently and as part of a team

  • Strong organizational skills and attention to detail

  • Ability to process work quickly accurately and with changing priorities

  • Excellent written and verbal communications skills

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