Director, Asset Management

Ram Realty Advisors LLC•Palm Beach Gardens, FL

About The Position

Ram Realty Advisors LLC ("Ram") is a real estate investment management firm specializing in multifamily, mixed-use, and grocery-anchored retail in select high-growth markets throughout the Southeast. The firm’s portfolio comprises assets across the investment risk spectrum, including core-plus, value-add, and opportunistic strategies. Founded in 1978, Ram and its predecessor entities have deployed over $5.0 billion of capital on behalf of institutional partners. The firm is headquartered in Palm Beach Gardens, Florida, and has offices in Tampa, Florida; Charlotte and Chapel Hill, North Carolina; and Nashville, Tennessee. The Director, Asset Management position is responsible for driving the successful execution of the business plan for each assigned asset.

Requirements

Bachelor’s Degree from an accredited four-year college or university.
A minimum of 5 years of relevant experience, preferably including at least three years of direct asset managing more than one asset simultaneously.
Proficiency with Microsoft Office suite of software, specifically including extensive experience with Excel.
Experience working directly on a Property Management team preferred.
Demonstrated ability to work within a team environment across various functions/departments.
Excellent communication skills, both written and verbal.
Must be a critical thinker and have a comfort level challenging the status quo and/or conventional wisdom.
Ability to produce, review, analyze, and describe related schedules.
A general understanding of financial statements, real estate econometric research reports, financing structures, and real estate related legal documents (leases, property management agreements, etc.).

Responsibilities

Maximize value of the assets through discernment and driving PM firms to increase revenue and manage expenses wherever possible, while maintaining a high standard of care for the assets in your portfolio.
Maintain best-in-class working knowledge of the region/market, including asset class performance, and the competitive environment. The knowledge should be driven by direct contact with actual market participants (e.g., managers, owners, etc.) in addition to 3rd party research reports.
Engage and manage 3rd party service provider relationships, including property management, marketing, and other professionals. Maintain active and consistent dialogue, challenge key operating assumptions, monitor performance, provide direct feedback, and where necessary, resolve conflict.
Asset managers are expected to visit their properties and be in the market on a monthly basis. Travel required.
Actively monitor changes in the local property markets, and/or asset level issues and recommend modifications to the business plan. Changes may include requests for additional capital, a shorter (or longer) holding period, etc.
Prepare quarterly asset reviews, provide assumptions for forecast and valuation models, and other content for external fund reporting.
Review and approve annual operating budgets and multi-year capital plans. Monitor financial performance, including review of monthly financial reports (provided by property management).
Complete execution of the business plan through the ultimate sale of the asset, including recommended timing of disposition, engagement of investment sale professionals (i.e., brokers), coordination of sale and buyer selection process, contract negotiation, and management of due diligence and closing process.
Make periodic presentations to internal teams regarding asset performance and progress against original (or revised) business plans.
Facilitate communication across departments (both internal and external), as well as across regions and asset types (exchange of ideas).
Maintain active working relationships with local government(s), economic development organizations, and industry associations. Maintain consistent contact with brokers, consultants, developers, investors, and property owners.