Analyst, Loan Asset Management

Greystar•Charleston, SC

About The Position

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in more than 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over 1,000,000 units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $35 billion of development assets and over $30 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. Greystar Real Estate Partners is seeking a highly motivated Analyst-level professional in its Credit business. The investment objective of Greystar Credit is to generate above average risk-adjusted returns by originating senior and subordinated multifamily bridge loans and preferred equity investments, and purchasing subordinated CMBS securities collateralized by multifamily loans. Greystar is a global investment manager with $78B of AUM and a managed apartment portfolio of ~1MM units/beds. The ideal candidate will have 1-3 years of real estate experience, ideally with direct experience in credit asset management, investment management, loan origination and/or underwriting. This ambitious and intellectually flexible professional will have broad responsibilities.

Requirements

1-3 years of real estate experience, ideally with direct experience in credit asset management, investment management, loan origination and/or underwriting
Superior presentation and communication skills, both verbal and written
Outstanding initiative and ability to demonstrate sound judgement and comportment
Attention to detail with the ability to handle multiple tasks simultaneously
Strong quantitative, analytical and creative thinking skills
Bachelor’s degree in a business-related field, preferably in a discipline related to finance or real estate

Responsibilities

Support the senior asset manager in monitoring each position’s performance relative to underwriting, budget, and covenants within loan documents
Coordination with and/or management of various third parties including servicers, borrowers, lenders, and construction consultants, etc.
Manage monthly draw review process for loans and work closely with portfolio management and accounting teams on funding
Monitor performance of transitional/value-add operating properties including performing lease analysis, TI/LC and Renovation draw reviews, and loan covenant testing
Complete quarterly asset updates for various assets
Update and/or help create credit committee presentation memos for loan modifications
Contribute to the oversight and mentorship of future junior staff members to support an expanding Asset Management platform
Support internal and external meetings with existing and prospective fund investors on credit performance of the portfolio
Following established policies to monitor loan performance, as well as procedures governing post-closing obligations, and ongoing covenant compliance
Produce loan performance reporting, including collaboration with colleagues in capital markets on reporting requirements from warehouse providers for levered loans

Benefits

Competitive Medical, Dental, Vision, and Disability & Life insurance benefits
Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service
Generous Paid Time off (15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays)
Birthday off after 1 year of service
Additional vacation accrued with tenure
Onsite housing discount at Greystar-managed communities (for onsite team members)
6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter)
401(k) with Company Match up to 6% of pay after 6 months of service
Paid Parental Leave
Lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy)
Employee Assistance Program
Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans
Charitable giving program and benefits
Quarterly or annual bonus program based on individual and company performance (for Corporate Positions)