Senior Asset Manager - Residential/Multi-Family

Brandywine Realty Trust•Philadelphia, PA

40d

About The Position

Brandywine Realty Trust is a premier full-service publicly traded (NYSE: BDN) real estate company with operations nationwide. We have an immediate opening for a Senior Asset Manager, Residential/Multifamily, who will support the expansion of our multifamily platform while overseeing asset management functions for Brandywine's residential and mixed-use portfolio of owned and Joint Venture (JV) properties. This position will work closely with internal and third-party property management teams and other stakeholders to develop and implement strategies that enhance overall performance and profitability of the assets.

Requirements

Bachelor's degree (B.A.) from four-year college in Business Administration, Accounting or related field; MBA is a plus.
Minimum of 4 to 8 years of Asset Management experience in the residential sector; hospitality, student housing and/or office experience is a plus.
Advanced proficiency in Microsoft Office Products including Outlook, Word, Excel, and PowerPoint
Strong financial analysis and modeling skills.
Individuals should be flexible and self-motivated and have the capacity to take on additional responsibilities as needed.
Excellent analytical and problem-solving skills
Strong written and verbal communication skills.
Detail oriented and results driven.
Capable of resolving complex issues while prioritizing and handling multiple projects simultaneously.
Must work well independently but also have a "team player" approach to work effectively with regional and corporate groups.
Positive, outgoing, customer service orientation a must
Ability to interface effectively with brokerage, legal and consulting community.
This position may require specific abilities including reading a computer at close vision and depth perception.
May be required to sit and/or stand for long periods.
Some travel will be required to the Austin, TX location and possible other locations.

Nice To Haves

MBA is a plus.
hospitality, student housing and/or office experience is a plus.
Working knowledge of Argus software is desirable.
Hands on experience with Residential Property Management Software's such as RealPage, Entrata, AppFolio, Etc. is a plus
Public Company experience preferred

Responsibilities

Leasing & Revenue Management:
Develop and manage annual leasing budgets and reforecasts from initial lease-up through stabilization
Collaborate regularly with property management, in-house and external marketing and leasing teams to review market conditions and pipeline activity
Establish and optimize rental rates for both new leases and renewals through onsite management teams and third-party operations, ensuring appropriate market positioning
Monitor and analyze competitor pricing strategies and market trends within immediate comp set and broader market area
Ensure all lease agreements comply with internal policies, lender requirements, and applicable regulations
Oversee proper utilization of leasing software and CRM systems (Entrata, Yardi, RealPage), ensuring team compliance and maintaining data integrity
Implement revenue optimization strategies including dynamic pricing models and concession management
Operations & Asset Management:
Review, analyze, and approve annual property-level operating budgets
Conduct monthly reviews of operating cost variances and implement corrective actions as needed
Collaborate with property tax consultants on asset valuations, appeals, and tax optimization strategies
Establish energy efficiency goals and negotiate power purchase contracts for the regional portfolio
Conduct regular property tours to assess operating efficiency, physical condition, and market appeal
Meet regularly with property management teams to review operating results, strategic goals, and new initiatives
Develop and implement policies and procedures to enhance property performance and resident satisfaction
Manage asset transitions from development/construction to operational status
Oversee capital improvement projects and major maintenance initiatives
Monitor and optimize operating expense ratios across portfolio
Financial Analysis & Reporting:
Review, analyze, and approve annual property-level operating budgets
Collaborate with internal regional teams and third-party managers in preparation of comprehensive Annual Business Plans
Prepare detailed quarterly reforecasts projecting asset performance for current and future operating years
Create and present quarterly financial performance reports and variance analyses to senior management
Conduct ad hoc financial analysis on various operational metrics including rental collections, work order management, marketing ROI, and resident retention
Perform investment analysis including DCF modeling, NPV calculations, and sensitivity analyses
Monitor key performance indicators (KPIs) including occupancy rates, average rent per square foot, net operating income, and resident turnover
Assist in due diligence processes for potential acquisitions and dispositions
Strategic Planning & Market Analysis:
Develop long-term asset strategies aligned with company objectives and market conditions
Conduct comprehensive market research and competitive analysis
Identify value-add opportunities and implement enhancement strategies
Evaluate and recommend property improvements, amenity upgrades, and repositioning strategies
Monitor demographic trends and their impact on asset performance
Assess portfolio diversification and risk management strategies
Stakeholder Management & Communication:
Develop long-term asset strategies aligned with company objectives and market conditions
Maintain regular communication with Joint Venture partners and external investors
Coordinate with legal, finance, and development teams on various initiatives
Interface effectively with brokerage, legal, and consulting communities
Manage relationships with third-party service providers and vendors
Additional Responsibilities
Assist Capital Markets/Investments team with investment analysis, market research, and financial modeling for potential acquisitions, dispositions, and refinancing opportunities
Assist Corporate Accounting team with process improvement initiatives, creation of standardized reporting procedures, implementation of new accounting systems and controls, and other strategic focuses specifically impacting multifamily operations and financial reporting
Support Development team with initial deal underwriting and comprehensive market analysis during feasibility and pre-development phases of new projects
Oversee and analyze effectiveness of digital marketing campaigns, social media presence, and other marketing platforms in collaboration with Marketing team to optimize lead generation and conversion rates