Real Estate Asset Manager

Marquette Management • Naperville, IL

69d • $135,000 - $150,000 • Hybrid

About The Position

The Asset Manager will be an integral member of the Asset Management team which is responsible for maximizing value through establishing and directing asset investment strategy, investor reporting, financial forecasts and budgets, valuation analysis, management and leasing efforts, and capital analysis for the companys Real Estate portfolios and individual properties. The Asset Manager will work with other team members to monitor operations, perform real estate analyses, create or review projections, review return analyses, and review market research. The Asset Manager will mentor and develop other asset management team members. Company Overview: Medium sized full service Real Estate Company focusing on private and institutional investment through land acquisition, development, and acquisition of existing apartments / multi-family opportunities throughout the Midwest and Southern United States.

Requirements

• Bachelors degree in business administration, finance, accounting, economics, or real estate from an accredited institution
• 6+ years of experience in Real Estate asset management, multi-family experience preferred
• Strong analytical capabilities and understanding of Real Estate debt and equity
• Excellent communication skills, both written and verbal
• Strong research and presentation skills
• Well organized with attention to detail and accuracy
• Problem-solver and learner seeking to contribute to areas beyond direct scope of responsibility
• Capable of multi-tasking and prioritizing across various projects and deadlines
• Independent and self-motivated, but able to function well in a collaborative environment
• Understanding of Real Estate documentation pertaining to ownership structures, legal contracts, accounting and property operations
• Analyzes problems and makes sound decisions in a timely manner based on objectives, risks, implications and costs
• Ability to work well with senior management, staff and partners

Responsibilities

• Establish and execute strategies for each company asset; set operating performance objectives to achieve established goals and report results to senior management, capital partners and clients
• Oversee daily rental rate pricing and lease renewal strategies working closely with property management team, pricing managers, capital partners and clients. Approve property management revenue strategy and objectives and oversee implementation by the property management team
• Identify, evaluate and oversee repositioning opportunities for portfolio assets. Monitor market trends for opportunities to add value through renovations or operational efficiencies. Supervise the implementation of such opportunities to ensure ROI expectations are being accomplished
• Assess capital expenditures by property and develop a long-term capital needs plan that corresponds to the stated goals and objectives
• Assess unit renovation programs by property and develop plan that corresponds to the stated goals and objectives
• Review and evaluate economic, demographic, and Real Estate market data and research to determine if key assumptions supported or whether strategy adjustments needed
• Oversee preparation of and review monthly financial reports to senior management, Capital Partners and Clients
• Lead annual capital and operation budget process for assigned properties
• Prepare internal and external presentations
• Review and challenge return performance of individual investments against original underwriting
• Conduct quarterly property inspections to assess operating performance, market conditions and capital needs
• Direct and review analyses for potential dispositions
• Manage coordination of disposition due diligence with property management, brokers and third parties
• Assist in the performance of physical and financial due diligence for potential acquisitions
• Review, analyze and challenge investment underwriting and assumptions for all acquisitions.
• Assist in the preparation transaction memos for approval by Investment Committee
• Manage transition of assets from acquisitions to asset management and property management
• Support financing activities
• Support development activities

Benefits

• Competitive Compensation: We offer a competitive salary package that reflects your experience and expertise. Compensation Range ($135,000 - $150,000)
• Comprehensive Benefits: Our benefits package includes health, dental, and vision insurance, 401(k) with company match, and paid time off.
• Professional Growth: We support your professional development through continuous learning opportunities, training programs, and career advancement.
• Inclusive Culture: We celebrate diversity and are committed to creating an inclusive environment where everyone feels valued and respected.
• Impactful Work: You will have the opportunity to make a significant impact on our company's success and contribute to our mission of delivering exceptional living spaces and unparalleled customer service.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Real Estate
• Number of Employees: 251-500 employees