Director, Asset Management

Greystar•Dallas, TX

About The Position

Leads the implementation of the Company’s strategies, programs, policies, and initiatives related to investment management associated with the underwriting of the portfolio of owned assets, and partners with Real Estate Operations to implement specific plans and programs that achieve the financial, investment, and operating goals of the assigned portfolio.

Requirements

Researching, analyzing, and identifying new investment opportunities
Market opinions
Contacting and meeting with potential clients
Preparing and presenting financial proposals
Overseeing the take-over and transition of new properties
Maintaining and managing client equity relationships and satisfaction
On-going communication
Providing detailed reports, market updates, and financial analysis
Addressing client concerns, questions, or requests
Reviewing and acting on client satisfaction survey results
Developing market and asset reviews
Evaluating operational and financial results for the asset portfolio
Discussing issues and potential challenges that threaten portfolio performance
Presenting recommendations, plans, and strategies for enhancing value and improving financial returns
Ensuring portfolio compliance with debt and equity providers
Providing reports to investment committee and equity partners
Monitoring investment performance, returns, and forecasts through DCF financial modeling
Recommending methods to optimize returns at the asset and portfolio level
Measuring, evaluating and reporting on portfolio performance against budget and investment proforma
Managing and monitoring cash flow
Making strategic recommendations on asset capitalization
Preparing monthly and quarterly client portfolio/performance reports
Reviewing market, economic, and capital trends and factors impacting portfolio performance
Preparing and delivering presentations and updates to investment committee/equity partners
Participating in formulating the long-term disposition and exit strategy for the assets
Developing and leading revenue-enhancing and expense containment programs and initiatives at the property level
Monitoring resident turnover and satisfaction indicators
Identifying and acting on opportunities to drive operational excellence to enhance value
Interacting with the capital projects group to execute rehab and other capital improvements

Responsibilities

Leads initiatives, activities and strategies by researching, analyzing, and identifying new investment opportunities supported by market opinions, contacting and meeting with potential clients, preparing and presenting financial proposals, and overseeing the take-over and transition of new properties either acquired or developed.
Maintains and manages client equity relationships and satisfaction by maintaining on-going communication, providing detailed reports, market updates, and financial analysis on the performance of the portfolios, acting quickly and with urgency to address client concerns, questions, or requests, and reviewing and acting on client satisfaction survey results.
Develops market and asset reviews to evaluate the overall operational and financial results for the asset portfolio, surfaces and discusses issues and potential challenges that threaten portfolio performance, and presents recommendations, plans, and strategies for enhancing value and improving financial returns.
Manages and ensures the portfolio’s compliance with debt and equity providers, develops and provides reports to investment committee and equity partners, monitors investment performance, returns, and forecasts through DCF financial modeling, and recommends methods to optimize returns at the asset and subsequently the portfolio level.
Measures, evaluates and reports on the portfolio’s performance against budget and investment proforma, managing and monitoring cash flow, making strategic recommendations on asset capitalization, and preparing monthly and quarterly client portfolio/performance reports.
Reviews market, economic, and capital trends and factors impacting the performance of the portfolio, prepares and delivers presentations and updates to investment committee/equity partners, and participates in formulating the long-term disposition and exit strategy for the assets.
Develops and leads revenue-enhancing and expense containment programs and initiatives at the property level, monitors resident turnover and satisfaction indicators, and identifies and acts on opportunities to drive operational excellence to enhance value.
Interacts with the capital projects group to execute rehab and other capital improvements.

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. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays.
Plus your birthday off after 1 year of service!
Additional vacation accrued with tenure.
Onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
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 and 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.