Associate/Senior Associate, Asset Management (Residential Investments)

The RMR Group•Denver, CO

1d•$110,000 - $130,000

About The Position

In this role, the Associate/Senior Associate, Asset Management will be assigned a specific set of priorities based on investor-partner relationships. They will be responsible for evaluating and directing the assigned properties' overall performance. The focus of this role is to help The RMR Group and its equity partners maximize the returns on its portfolio of multi-family real estate assets.

Requirements

3+ years of commercial real estate experience, preferably multifamily asset management for Associate, 4-6 years for Senior Associate
Understanding of general multifamily trends and individual property markets/submarkets.
Experience working with joint venture capital partners.
Knowledge of critical financial concepts, metrics, internal rates of return, cash-on-cash returns, etc.
Proficiency with financial modeling; attention to detail.
A creative, problem-solving approach.
The ability to work independently and proactively.
Strong organizational and project management skills.
Yardi property management software experience.

Responsibilities

Lead the preparation and implementation of property business plans to achieve each asset’s target returns.
Communicate effectively with equity partners on all business decisions.
Act as a bridge between the operations team and equity partners.
Identify value-creation opportunities and develop action plans to achieve desired results.
Monitor property budget variances.
Maintain close relationships and direct communication with investor partners/lenders.
Prepare investor reports and distribute them through the Capital Markets team; respond to investor requests.
Review monthly/quarterly distributions with investor partners.
Work with the team to develop and report Business Intelligence reports.
Manage annual property tax appeals.
Assist with the transactions team for property acquisition, disposition, and refinance.
Assist with ensuring compliance with the loan and joint venture covenants.

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life & Disability Insurance
Health Savings Account (HSA) & Flexible Spending Plans (FSA)
401(k) Plan with Employer Match
Holidays, Vacation & Sick Time
Parental Leave
Tuition Assistance
Matching Gift Program
Wide Array of Voluntary, Employee-Paid Benefits to choose from including Critical Illness & Accident Insurance, Identity Theft Protection & Pet Insurance
The estimated base compensation range for this position is $110,000 to $130,000 per year. RMR considers several components including an individual's skills, qualifications, experience, internal equity, and market data.